🏦 Minors Get Banking Power
Your daily dose of business news
🗞️ PhonePe’s Pincode App Launches 24x7 Medicine Delivery
PhonePe’s Pincode app has launched round-the-clock medicine delivery across Delhi, Mumbai, and Bengaluru. The initiative aims to strengthen the quick commerce space and compete with startups like Tata 1mg and PharmEasy.
📌 Expert Opinion: “Health commerce is the next frontier, and 24x7 delivery will be the new standard,” said a retail tech analyst.
🗞️ RBI Allows Minors Over 10 to Operate Bank Accounts
In a major move for financial inclusion, RBI now allows minors above 10 years to operate bank accounts independently. Banks can issue ATM and debit cards with parental consent.
🗞️ Telecom User Base Inches to 119 Cr, Airtel Adds Most Subscribers
India’s total telecom user base reached 119 crore in January, led by Airtel's strong user additions. Rural areas showed steady growth, contributing to the sector’s momentum.
🗞️ YES Bank Tweaks FD Rates Again
YES Bank has revised fixed deposit interest rates. The maximum rate was cut to 7.50%, while select tenures saw a 25 bps hike. The move reflects a changing interest rate landscape.
🗞️ Brokerages Bullish on ICICI Bank After Q4 Results
ICICI Bank is receiving strong thumbs-up from analysts, with target prices going as high as ₹1700. Q4 results showed strong asset quality and robust retail loan growth.
📌 Expert Opinion: “ICICI is consistently outperforming peers on profitability and asset strength,” said a banking analyst.
🗞️ Suzlon Gains 5% on Local Sourcing Push
Shares of Suzlon Energy rose 5% after a draft policy proposed to promote local sourcing of wind turbine components — a move that could benefit domestic manufacturers significantly.
🗞️ Govt May Initiate SFIO Probe Against Gensol
The government is considering SFIO action against Gensol Engineering and its promoters over alleged misstatements about their Pune EV facility. SEBI had earlier flagged misleading disclosures to investors.
🗞️ Samsung & LG Sue Indian Govt Over E-Waste Pricing
Electronics giants Samsung and LG have taken legal action against India’s revised e-waste policy, calling it arbitrary and burdensome. The pricing model has been under industry fire for months.
📈 Market Updates
📊 Sensex: 79,605.04 🔼 +1.34%
📊 Nifty 50: 24,182.50 🔼 +1.38%
💵 USD/INR: ₹85.11 🔻
🪙 Gold (24K): ₹9,835/gm 🔼
🪙 Silver: ₹1,01,000/kg 🔼
🛢️ Brent Crude: $66.38/barrel 🔼