DSIJ Mindshare

The Reserve Bank of India (RBI) has asked payment operators in India to store their transaction data only in India. The RBI has directed the payment operators to comply with its order by October 25, 2018.

The Central government is considering giving tax concession, subject to a maximum limit, to start-ups that have received investments from angel investors. The move is aimed at encouraging budding entrepreneurs in the country.

After China’s retaliation with $50 billion tariffs on 106 US products, US further aggravated the situation by imposing $100 billion worth of more tariffs on imports from China. This led to more volatility and slump in oil prices.

The bank which has been the talk of D-Street since the unveiling of Nirav Modi scam in January, gained as much as 5.3 per cent on Friday. The stock of PNB witnessed a kind of a Symmetric Triangle breakout on the daily time frame with volume spurt.

The total mutual fund assets base has surged over ~Rs. 22 trillion in 2017-18. This was mainly due to a vibrant secondary market, investor awareness campaigns like Mutual fund sahi hai and strong participation, especially from smaller town investors.