You might have recieved a message from your respective bank lately to upgrade your debit and credit cards. But if you ignored the message, then you are in some rude shock after December 31.

If you are thinking what do you need to do avoid the same then let us tell you that the Reserve Bank of India in order to protect the customers from fradulent transactions had issued guidelines to to change Magstripe Debit Cards to EMV Chip Debit Cards by the end of 2018.

The Indian solar market installed 1,589 MW (mega watt) in the third quarter of 2018. Installations declined by four per cent compared to 1,659 MW in the second quarter of 2018, while a year ago (Q3 2017) it was 2,278 MW.

Large-scale installations during the third quarter of 2018 totalled 1,154 MW compared to 1,244 MW in second quarter 2018 and 2,013 MW in Q3 2017, according to Mercom India Research report.

Capital market regulator Sebi board on Wednesday eased norms to start start-up listings and allowed mutual funds to segregate distressed assets to safeguard investment returns.

A Sebi board meeting in Mumbai also approved a proposal to expand the offer-for-sale mechanism for reduction of stake in listed companies and relaxed clubbing of investment limit norms for well-regulated foreign investors.

Mumbai: Yes Bank shares advanced over 12% in the last two consecutive sessions, hitting a two-week high ahead of its board meeting on Thursday. Today, the Yes Bank stock closed at Rs 186.80 on BSE, up 5.3% from its previous close while India’s benchmark Sensex Index rose 1.8% to 35,779.07 points.

Larsen & Toubro Infotech (LTI), IT services arm of engineering and construction conglomerate Larsen & Toubro (L&T) Ltd., on Wednesday said it has appointed Nachiket Deshpande as its Chief Operating Officer.

Deshpande was with Cognizant Technology Solutions before joining LTI.

Reliance Communications on Wednesday moved a contempt petition in the Supreme court against Department of Telecommunications (DoT) for failing to provide the company with the No Objection Certificate (NOC) for sale of its spectrum to Reliance Jio Infocom, within the court-directed 7-day time period.

Ashok Leyland, flagship of the Hinduja Group, has signed a MoU with Israel-based Elbit Systems to provide High Mobility vehicles (HMV) for the latter's artillery guns and systems.

Elbit Systems is a high technology company globally engaged in a range of defence areas, including Land Systems, Artillery Systems and Platforms, Howitzers, Mortars and Ammunition.

Mumbai: Indian markets today opened stronger after investors welcomed the quick appointment of new RBI governor, Shaktikanta Das, who is expected to have a more dovish view. Gains in Asian markets on signs of cooperation between the US and China on trade also encouraged risk-taking. At 10.34 am, the Sensex was trading at 35542.98, up 392.97 points, or 1.12%, while the Nifty stood at 10,666.80, gained 117.65 points, or 1.12%.

The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, a senior coal ministry official has said. Power plants across the country had imported 6.6 MT coal in October, 43.5% higher than the monthly average import quantity recorded this year. In the same month, electricity demand had surged 14% year-on-year.

The Indian rupee Wednesday plunged 32 paise to 72.17 per US dollar in early trade on the forex market after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India.

Das Tuesday was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

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