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11 January, 2019 5:42 PM Macro@Moneycontrol I Linking your driving licence with Aadhaar

Will the government's move help catch those driving with duplicate licences, or will it streamline payments of fines? Tune in for more. The government is planning to introduce a law to make it mandatory for the masses to link their driving licence to Aadhaar. Union Minister Ravi Shankar Prasad recently said a law will soon be passed in this regard 54

10 January, 2019 5:32 PM Cabinet nod to India-Japan $75-bn swap arrangement to curb currency volatility

The Union Cabinet Thursday approved a proposal for a $75-billion bilateral swap arrangement between India and Japan, a move aimed at enhancing the RBI's ability to manage exchange rate volatility. In a release, the government said the Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for entering into an agreement for the bilateral 46

10 January, 2019 8:42 AM Glenmark inks pact with South Korea's Yuhan Corp to commercialise Ryaltris

Ryaltris is indicated for treatment of symptoms associated with seasonal allergic rhinitis (SAR) in patients over 12 years of age Drug major Glenmark Pharmaceuticals on January 10 said its Suisse subsidiary Glenmark Specialty S.A. has entered into an exclusive licensing agreement with South Korea's Yuhan Corporation for commercialising its nasal spray 53

7 January, 2019 1:28 PM Imran Khan begging for funds worldwide: CM of Pakistan's Sindh province

"Imran Khan is going from country to country to beg (for financial aid)." Karachi: Pakistan Prime Minister Imran Khan has been criticised by the Chief Minister of Sindh province for travelling around the world to "beg" for financial support for the cash-strapped country which is currently battling serious economic crisis. Pakistan is seeking USD 8 billion 131

7 January, 2019 3:38 AM Imran Khan Going Around The World To "Beg" For Funds: Sindh Leader

Sindh Chief Minister Murad Ali Shah said Pakistan PM Imran Khan has given seats in the government to those without any experience in politics The prime minister of Pakistan is going around the world to "beg" for a bailout from an impending financial crisis, Sindh Chief Minister Murad Ali Shah said at a rally on Sunday. Mr Shah, a leader of the Pakistan 68

6 January, 2019 5:43 AM "Digital Transactions Not Universal": RBI Told To Solve Dry ATM Issue

A parliamentary panel has asked the Reserve Bank of India to address the problem of perpetually dysfunctional ATMs so as to avoid a situation of forced cash crunch. The Standing Committee on Finance has also asked banks to install adequate number of ATMs. The panel tabled its report in Parliament last week. As per RBI data, there were 2,21,492 Automated 109

5 January, 2019 8:49 AM Iran Says Despite US Sanctions, It Has Found New 'Potential' Oil Buyers

All countries that were granted waivers from the United States to continue buying a certain amount of Iranian oil imports are complying with U.S. sanctions, a senior Iranian energy official said, noting that Tehran was hopeful to find new buyers. The United States withdrew from a nuclear deal with Iran last year and snapped sanctions in place to choke 48

3 January, 2019 2:39 PM MobiKwik losses mount to Rs 203 cr in FY18

Digital payments company MobiKwik saw its consolidated total loss widen to Rs 202.98 crore in the fiscal ended March 2018, according to documents filed with the corporate affairs ministry. The company, which competes with mobile wallet players like Paytm, had posted a total consolidated loss of Rs 132.8 crore in 2016-17. The consolidated revenue, however 34

3 January, 2019 2:11 PM Drugmaker Bristol-Myers to buy Celgene for $74 billion

Bristol-Myers Squibb said on January 3 it would buy Celgene Corp for about $74 billion in a cash-and-stock deal, creating a powerhouse that will have several blockbuster cancer drugs. The combined company will have nine products with more than $1 billion in annual sales and significant potential for growth in oncology, immunology and inflammation and cardiovascular 54

2 January, 2019 12:04 PM Extend loan restructuring scheme to MSMEs not yet registered under GST

The RBI on January 1 allowed a one-time restructuring of the existing debt of up to Rs 25 crore for the companies that have defaulted on payments but their loans have continued to be classified as standard assets. The MSME sector on January 2 demanded the RBI's loan restructuring scheme be also extended to the companies not yet registered under the goods 66