Current Affairs - Finance

The Securities and Exchange Board of India (SEBI) launched the Saathi 2.0 app, aimed at simplifying financial concepts and providing reliable information to investors. This initiative reflects SEBI's commitment to empowering investors and enhancing their understanding of the securities market.

The penalty of Rs 3.1 lakh imposed by the RBI for violating fair practices code provisions was on Hero FinCorp. Despite its response and participation in the hearing, the RBI found the charges against the company substantiated, resulting in a penalty.

Maldives is set to launch India's RuPay service, which is an Indian domestic card payment network introduced by NPCI in 2012. The introduction of RuPay aims to reduce reliance on international card schemes like Visa and MasterCard, enhance financial inclusion with affordable card services, and support India's Digital India initiative.

HDFC Bank divested its entire 3.20% stake in Protean eGov Technologies, comprising 12,94,326 shares, for Rs 150 crore through an open market transaction. This sale was made at an average price of Rs 1,160.15 per share. The move indicates HDFC Bank's decision to exit its investment in Protean eGov Technologies.

SIDBI has collaborated with Airbus Helicopters to facilitate financing for helicopter purchases in India, aiming to enhance accessibility for civil operators. This partnership signifies SIDBI's entry into helicopter financing and its commitment to supporting the growth of India's rotary wing sector, with Airbus Helicopters being a significant player in the Indian helicopter market.