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RBI Approves In-Principle Applications of 11 Entities for Payment Banks

The Reserve Bank of India (RBI) on Wednesday cleared 11 payment banks applicants among 41 received applications.  Reliance Industries, Airtel M Commerce, and Vodafone m Paisa were among others who have got the license. Experts suggest that in-principle approval to 11 entities to open payments banks will help in Indian ...

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ONGC, partners to invest $24 billion in Mozambique gas field

News: ONGC and its partners will invest about $24 billion in producing natural gas from a giant field off Mozambique, converting it into LNG for export. ONGC Videsh Ltd, the overseas investment arm of the state-run explorer, holds 16 per cent stake in Rovuma Area 1 where recoverable resources in excess ...

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