Page 12 - Banking Finance December 2022
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ROUNDUP


          citing the monthly data from the Na-  worth $5 billion by 2025, its chairman  Providing an informal guidance in this
          tional Payments Corporation of India  said, having signed its first export deal  regard to PNB Investment Services, an
          (NPCI) released.                  of $375 million this year with the Phil-  arm of  Punjab National Bank (PNB),
                                            ippines.                           the Securities and Exchange Board of
          The  NETC FASTag,  which  facilitates
                                                                               India (SEBI) indicated  that its views
          automatic toll collection at NHAI's toll  BrahMos Aerospace is in discussions
                                                                               might differ on a case-to-case basis.
          booths across the country, registered  with Indonesia, Malaysia and Vietnam
          a 9.3 per cent growth in the number  for new orders, chairman Atul D Rane  The clarification came after PNB In-
          of transactions compared to 28.3 crore  told.                        vestment Services, which is registered
          in September.                                                        as a merchant banker, sought informal
                                            The joint venture, with a 50.5% Indian
                                                                               guidance on whether it can act as a
                                            and 49.5% Russian partnership, fits
          Manufacturing cost in In-         into Prime Minister Narendra Modi's  direct selling agent by starting a fresh
                                                                               business vertical for marketing retail
                                            flagship make-in-India programme.
          dia cheapest globally: Re-
                                                                               products such as home loans, car loans
                                            India  has made Russian MiG fighter
          port                                                                 on behalf of PNB or other banks.
                                            planes and Su-30 jets under license and
          India has been ranked as the nation                                  The applicant was intending to venture
                                            the two have  collaborated to make
          with the cheapest manufacturing cost                                 into another activity to act as a direct
                                            BrahMos missiles in India.
          ahead of China and Vietnam, accord-                                  selling agent for PNB and other banks
          ing to a report.                                                     for canvassing the retail customers for
                                            Taiwan  co  eyes  e-bike
                                                                               generation of leads and conversion of
          According to the US News and World
                                            launch                             prospects into customers.
          Report,  out of  85 nations, India has
          bagged the 31st position in the overall  Taiwanese  electric  major,  Gogoro,
          Best Countries ranking.           which  has a  partnership with  Hero 5G revenues set to touch
                                            Moto, is ready to join hands with firms
          India featured at the 37th spot in the                               $315b in 2023
                                            such as Bajaj Auto. TVS and Yamaha for
          'Open for Business' category.                                        The global 5G service revenue is ex-
                                            its battery swapping stations. It is also
          The  report  evaluates  85  countries  studying the prospects or launching its  pected to reach $315 billion in 2023,
          across  73 attributes.  Attributes  are  green two-wheelers as a solo venture  rising from $195 billion this year, a new
          grouped into 10 sub-categories, includ-  in India.                   report said. This represents a growth
          ing adventure, agility, and entrepre-                                of over 60% in a single year for opera-
                                            The company, which has one of the
          neurship, open for business, social pur-                             tor-billed 5G service revenue, accord-
                                            world's largest swappable battery in-
          pose and quality of life.                                            ing to Juniper Research. "Over 95% of
                                            stallation with 3.7 lakh swaps per day,
                                                                               global 5G connections in 2027 will be
          Under the open for business sub-cat-
                                            is test-piloting its products in India in
                                                                               connected  personal devices such as
          egory, India has scored 100 per cent
                                            partnership with B2B delivery provider
                                                                               smartphones,  tablets  and  mobile
          when it comes to cheap manufactur-
                                            Zypp Electric.  "The  temperatures in
                                                                               broadband routers," research co-au-
          ing costs. But in 'favourable tax envi-
                                            India can go to 40 degrees and more,
                                                                               thor Olivia Williams said. It forecasts
          ronment',  it  has  scored  16.2 out  of  and we want to test out platforms,"
                                                                               over 600 million new 5G subscriptions
          100; 18.1 in the 'not corrupt' category  Horace  Luke,  founder  and  CEO  of
                                                                               will be created next year.
          and 3.5 in 'transparent  government
                                            Gogoro, said.
          policies'.
                                                                               SEBI pegs dues worth over
                                            SEBI: Merchant bankers
          BrahMos hopes for $5 bil-                                            Rs. 67000 crore as 'difficult
                                            can't undertake any other
          lion in supersonic missile                                           to recover'
                                            business
          exports by '25                    A merchant banker cannot carry on any  Sebi has segregated dues to the tune
                                                                               of Rs 67,228 crore under "difficult to
          An  India-Russia  joint  venture  that  business other than those pertaining to
                                                                               recover" category at the end of March
          makes  nuclear  capable  supersonic  the securities market, according to the
                                                                               2022.
          cruise missiles hopes  to bag  orders  capital markets regulator SEBI.
            12 | 2022 | DECEMBER                                                           | BANKING FINANCE
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