Brokerages are awaiting operational clarity on the use of Aadhaar for know your client (KYC) purposes, to help sign up clients faster.

They earlier used the Aadhaar database to complete the KYC process online. Industry officials said that the on-boarding process became considerably longer after the 2018 Supreme Court judgement which stopped Aadhaar use by companies and private entities.

Incidents of stone-throwing on state-run KSRTC buses have been reported from various parts of Kerala as the dawn-to-dusk hartal called against the Citizenship Amendment Act and police action on students of Jamia university in Delhi, began on Tuesday. A group of 30 Islamic and political outfits have called the hartal from which major political parties, including the ruling CPI(M) and the opposition Congress and IUML, are keeping away.

There is scope for cutting interest rates further and the central bank will use it when required after studying the growth and inflation data, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.

The monetary policy committee (MPC) surprised markets and analysts this month by holding rates steady after trimming the key interest rate by 135 basis points since the beginning of the current rate reduction cycle in February.

India is 112th among nations ranked in terms of the gap between genders, and it was among the bottom five for women's health and survival and economic participation, said an annual survey on Tuesday.

Iceland remained the world's most gender-neutral country on the World Economic Forum's Gender Gap Report. India moved down the ladder from its 108th position last year to rank below countries like China (106th), Sri Lanka (102nd), Nepal (101st), Brazil (92nd), Indonesia (85th) and Bangladesh (50th).

Ahead of the GST Council meeting on Wednesday, the Centre on Monday sought to soothe the frayed nerves of states by releasing over Rs 35,000 crore as pending compensation. The central government has released GST compensation of Rs 35,298 crore to states and union territories today (Monday), the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet.

State Bank of India (SBI) and other public sector banks have decided to lend Rs 4,000 crore to Patanjali Ayurved for the acquisition of Ruchi Soya, which was facing bankruptcy proceedings under the Insolvency and Bankruptcy Code.

The money lent by banks will help the government owned banks to settle their exposure to Ruchi Soya with a haircut of 65 per cent. Apart from SBI, Union Bank is also one of the banks lending to Patanjali.

Majority of homebuyers and many lenders, including IDBI, have voted in favour of state-owned NBCC bid to acquire debt-laden realty firm Jaypee Infratech in an ongoing insolvency process, sources said.

The simultaneous voting to bids of both the contenders NBCC and Mumbai-based Suraksha Realty started on Dec 10 and ended tonight at 11.59 pm.

Domestic demand for mobikes may be under severe pressure, but Bajaj Auto has left its closest competitors, Hero Motors and Eicher Motors, far behind as far as market cap are concerned. While the market capitalisation of Bajaj has gone up by close to 20 per cent this calendar year, Hero and Eicher have foundered.

Hyderabad-based Turbo Aviation has announced its plans to launch a new low-cost airline 'TrueStar' by mid 2020.

The company has signed a partnership deal with a UK business group for a $100-million funding support to speed up the launch process, according to Turbo Aviation's managing director V Umesh. Turbo Aviation has already been operating the commercial airliner 'True Jet' since 2015.

The Supreme Court on Monday agreed to hear petitions challenging the constitutional validity of the recently passed Citizenship (Amendment) Act, in wake of the intensifying protests that have rocked the country. The hearing will take place on December 18.

According to reports, senior advocate Abhishek Manu Singhvi listed the matter at the top court before Chief Justice of India (CJI) Sharad Arvind Bobde. As many as a dozen petitions challenging the Act have been submitted before the Court. The first petition was submitted by the Indian Union Muslim League.

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