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ATM-debit-cum-transit cards coming soon; you might soon be able to make direct payment for a metro ride

Your debit card might soon let you make a direct payment for a metro ride or your next trip to a public museum. Over the last few months, the government has been discussing the possibility of introducing ATM-cum-debit-cum-transit cards with banks, said two people privy to the discussions. The discussions, initiated by the ministry of

Now, save up to Rs 25 lakh in mutual fund fees

NEW DELHI: You could save up to Rs 25 lakh over time by investing in mutual funds directly without the help of an agent. But direct investing has been far too complicated and time-consuming for most retail investors. No more. ETMoney, one of India’s largest online-only investing platforms for MFs, on Monday launched ‘Free Forever

Pitstop: This startup sends mechanics to the customer’s doorstep to repair cars

With a degree in mechanical engineering from IIT Kanpur and a penchant for tinkering with automobiles, Pitstop is Mihir Mohan’s third entrepreneurial venture. Pitstop, a doorstep car servicing platform backed by tech, was started after Mohan realised that car owners had very few options apart from OEM-run service stations and their subsidiaries. He then found

Aadhaar authentication: 13 banks fined face penalties

In an unprecedented move, the Unique Identification Authority of India (UIDAI), slapped monetary penalty on 13 banks for violating norms pertaining to authentication of Aadhaar. For some banks, the penalties are as high as ₹1 crore. Banks from both public and private sectors were penalised. The banks penalised include ICICI Bank, IndusInd Bank, IDBI Bank,

New scheme for birth certificates

Very soon, the State Government will launch a scheme where for the issue of birth certificates, mother’s medical records related to pregnancy will be mandatory. The government has had a soft launch for the scheme and is testing the software for the purpose. At the time of issue of birth records, the child’s family will