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Airtel Payments Bank gets RBI nod to start enrolling new customers




New Delhi, July 12: After running into rough weather due to Aadhaar-related e-KYC issues, Airtel Payments Bank on Thursday said it has received requisite approvals from the Reserve Bank of India and UIDAI to start acquiring new customers.

“Airtel Payments Bank has received requisite approvals from The Reserve Bank of India to start on-boarding new customers. Airtel Payments Bank has also been permitted by the UIDAI to resume the on-boarding of customers using Aaadhaar based e-KYC. We thank the authorities for the approvals,” a company spokesperson said in a statement.

“We remain committed to the government’s vision of financial inclusion and banking for all,” he added.

In an interview to IANS last week, Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel said: “The bank had started off very well, but we got into regulatory issues. We are working very closely with authorities (RBI and UIDAI) and hopefully this will be back to business soon and start acquiring customers. Right now have 30 million customers in the bank and the wallet. Operation is continuing for existing customers, but we are not acquiring new customers.”

Airtel Payments Bank on May 24, 2018 announced the appointment of Anubrata Biswas as its Managing Director and Chief Executive Officer.

The appointment comes five months after former CEO and MD Shashi Arora stepped down in December.

The RBI on March 9 slapped a penalty of Rs 5 crore on Airtel Payments Bank Limited for violating KYC norms, an official statement said here.

“The Reserve Bank of India has imposed, on March 7, 2018, a monetary penalty of Rs 50 million on Airtel Payments Bank Limited for contravening the ‘Operating Guidelines for Payments Banks’ and directions issued by RBI on Know Your Customer (KYC) norms,” the RBI statement had said.



Man finds insect in cake at Ikea Hyderabad store, Tweets video



IKEA Cake insect
The photo tweeted by the customer who bought a cake at IKEA's Hyderabad restaurant.

Hyderabad, Sep 21: Swedish furniture major IKEA’s first ever store in India in Hyderabad has again landed in controversy. Weeks after a customer had complained about finding a caterpillar in his biryani, ordered at Ikea’s store in Hyderabad, another customer has said that he found an insect in a chocolate cake that he ordered at the Ikea store.

The customer, Kishore, tweeted on September 12 that he found the insect inside a slice of chocolate cake while his daughter was eating the dessert at the IKEA store. He also posted a video in which an insect can be seen crawling over the chocolate cake.

The Greater Hyderabad Municipal Corporation has reportedly fined the Swedish furniture major Rs. 5,000 based on Kishore’s complaint.

IKEA on Thursday expressed regret over the incident. “In our Hyderabad restaurant when a customer was eating a chocolate cake which he bought, a fly was seen on the cake which eventually flew away. We regret this and apologise to our customer for the unfortunate experience. We are taking steps to avoid such occurrences,” an IKEA spokesperson said.

This is the second such incident that happened at the Ikea Hyderabad store that was opened on August 9. On September 2, a customer reported a caterpillar in the vegetable biryani supplied to him. Ikea India subsequently took vegetable biryani and samosa off its menu and apologised to the customer.

Read More: IKEA stops selling biryani, samosa after complaint

In the incident of the caterpillar in biryani, the furniture giant was fined Rs. 11,500 by the Hyderabad civic agency.

IKEA opened its first India store in Hyderabad on August 9. It has a 1,000-seater restaurant that serves a wide range of food, from Swedish to Indian snacks.


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Equity indices open in green; Sensex gains 280 points



sensex up

Mumbai, Sep 21: The key Indian equity indices opened on a positive note on Friday tracking firm global cues, with the S&P BSE Sensex gaining around 280 points so far.

Further, Asian stocks rose after markets in the US hit record highs on Thursday.

At 9.30 a.m., the wider Nifty50 on the National Stock Exchange traded at 11,319.70 points, higher by 85.35 points or A0.76 per cent from its previous close.

The BSE Sensex which had opened at 37,278.89 points, traded at 37,403.57 points, higher by 282.35 points per 0.76 per cent from its previous close 37,121.22 points.

So far, it has an intra-day high of 37,427.10 points and a low 37,202.94 points.

On Thursday, stock exchanges were shut on account of Muharram.


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Petrol price hiked again



Petrol Price

Sep 21 :No respite from petrol price hike as petrol on Friday has been increased by Rs 0.9 and was being sold at Rs 89.69 per litre while in Delhi petrol price stands at Rs.82.32 per litre.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan had blamed international factors for the hike in the prices of petroleum products.

As in Chennai it is being sold at Rs. 85.48 per litre. Diesel prices stood at Rs 73.87/litre in Delhi, whereas in Mumbai it is 78.42/litre.

Meanwhile, a litre of petrol in Chennai was increased by 7 paise to be sold at Rs 85.48.


Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or Value Added Tax (VAT).

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