MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a...
RBI's Deputy Governor R Gandhi has said that granting licences to payment service providers cannot be a 'tickbox exercise' as entities will be entrusted with money, and so fit and proper criterion is important. Commenting on the issue, RBI's Deputy Governor R Gandhi told the media, “There is an implied suggestion that this (payment) sector needs to be freed of licensing mechanism and once a set of criteria are followed to function. We differ from this idea."
RBI's Deputy Governor R Gandhi has said that granting licences to payment service providers cannot be a 'tickbox exercise' as entities will be entrusted with money, and so fit and proper criterion is important. Commenting on the issue, RBI's Deputy Governor R Gandhi told the media, “There is an implied suggestion that this (payment) sector needs to be freed of licensing mechanism and once a set of criteria are followed to function. We differ from this idea."
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