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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A new report claims crypto tokenization is a structural overhaul of market plumbing, not just an efficiency tweak. The International Monetary Fund (IMF) released a new report with fresh warnings related to crypto tokenization. Shifting Wall Street's trading rails onto blockchain-based systems could speed up financial crises beyond regulators' capacity to react, even as the techno ...Read More >
MUMBAI, April 6 (Reuters) - Indian companies' activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs. The unwinding followed the Reserve Bank of India's imposition of restrictions on lenders' net onshore open FX positions, prompting a rush to lower positions aimed at benefitting from gaps between onshore and non ...Read More >
Mumbai: In a landmark move, from Saturday, India's cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change means that funds from cheques could reach your bank account within a few hours instead of the usual one to two business days. The Reserve Bank of India (RBI) had scheduled a trial run on Friday of the new cheque clearance system before the official rollout on October 4. Under the new regime, all cheq ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | Ne ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days. Under the new mechanism, the banks will scan, present and pass cheques within a few hours and on a continuous basis during the business hours, cutting the clearing cycle down from the present T+1 days, a circular from central bank said. The current Cheque Truncation System (CTS) proce ...Read More >
Mumbai (Maharashtra) [India] August 14 (ANI): In a major step towards faster clearance of cheques, the Reserve Bank of India (RBI) has announced same-day and hourly cheque clearances in phases. According to the RBI's directive, issued on Wednesday to banks participating in the Cheque Truncation System (CTS) and the National Payments Corporation of India (NPCI), the new system will ensure that cheque processing, confirmation, and settlement take place in near real-time, significantly reducing de ...Read More >
Mumbai: The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days. Under the new mechanism, the banks will scan, present and pass cheques within a few hours and on a continuous basis during the business hours, cutting the clearing cycle down from the present T+1 days, a circular from central bank said. The current Cheque Truncation System (CTS) processes cheques within a cl ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
New Delhi: The Reserve Bank Of India (RBI) has issued notification on Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System, thus allowing for your cheques to be cleared within hours. " It has been decided to transition CTS to continuous clearing and settlement on realisation in two phases. Phase 1 shall be implemented on October 4, 2025 and Phase 2 on January 3, 2026. All banks are advised to make their customers adequately aware of the changes in the ch ...Read More >
NEW DELHI: Four people died in Himachal Pradesh as rain continues to wreak havoc in the state, while five were swept away in Rajasthan's Kota at a barrage after a heavy downpour caused the authorities to release water from a reservoir. In Himachal, more than 200 roads are out of bounds for vehicular traffic, a majority of them in Mandi, while a flash flood warning has been issued for 12 districts in Jharkhand. An individual each drowned in Kullu and Kangra districts, one died after being bitte ...Read More >
New Delhi (ABC Live): Jane Street-SEBI Controversy: Jane Street, a major U.S.-based high-frequency trading firm, complied with the Securities and Exchange Board of India (SEBI) Interim Order dated July 3, 2025. The firm deposited ₹4,843.57 crore (about $567 million) into an escrow account with a lien in SEBI's favour. This deposit meets SEBI's main condition for Jane Street to resume trading in India. SEBI confirmed the fund receipt on July 14 and is now reviewing Jane Street's request to lift t ...Read More >
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