Intellect Design Arena’s payment platform wins top US compliance rating

Intellect Design Arena’s payment platform wins top US compliance rating


Intellect Design Arena Ltd on Wednesday said its eMACH.ai Payments platform has received the highest rating from Nacha Consulting across all four major US payment rails — TCH RTP, FedNow, Fedwire, and ACH. Shares of fintech firm rose 2.85 per cent to ₹696.80 on the NSE today before the closing bell.

The rating was awarded by the official consulting arm of Nacha, the body that governs the US ACH Network. The assessment covered 72 live payment scenarios across 16 categories and returned zero compliance findings on any rail. Intellect said it commissioned the review voluntarily, not as a regulatory requirement.

The evaluation confirmed full scheme compliance for all ISO 20022 message types used in FedNow, TCH RTP, and Fedwire, including Request to Pay flows, credit transfers, and Fedwire drawdowns. It also validated compliance across ACH processing formats including Same Day ACH, Notice of Change, and Micro-Entries.

Nacha Consulting flagged as a differentiator the platform’s ability to handle instant payments, bulk batch payments, and high-value RTGS payments on a single system.

The announcement follows Intellect’s January 2026 US market launch of eMACH.ai Payments and its inclusion as a Leader in the inaugural Gartner Magic Quadrant for Banking Payment Hub Platforms. The platform is currently deployed across 40 countries, serving over 126 financial institutions including nine central banks.

Despite today’s gain, the stock remains under pressure on a longer horizon, down roughly 26 per cent year-to-date and about 9 per cent over the past year. Its 52-week high stands at ₹1,255, hit in June 2025. Total market capitalisation stands at approximately ₹9,733 crore.

Intellect will showcase the platform at the NACHA Smarter Faster Payments conference in San Diego from April 26–29.

Published on April 22, 2026



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EU publishes measures to address impact of Iran war on energy market

EU publishes measures to address impact of Iran war on energy market


The European Commission on Wednesday ​proposed a series ‌of measures to address ​the impact
on ⁠the region’s energy markets from the U.S.-Israeli war ‌with
Iran.

The Commission said the measures – announced ‌in a ‌package
called ‘AccelerateEU’ – ⁠included optimising the ⁠distribution of
jet fuel between EU countries, in order to ​avoid ‌shortages.

“The choices we make today will shape our ability to face
the ‌challenges of today ​and the crises of tomorrow. Our
AccelerateEU ⁠strategy will bring both immediate and ‌more
structural relief measures to European citizens and businesses,”
said European Commission President Ursula von der Leyen.

“We must ‌accelerate the shift to ​homegrown, clean energies.
This will give us ⁠energy independence and security, ⁠and mean we
are better able ‌to weather geopolitical storms,” she added.

Published on April 22, 2026



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FDI outflows, currency movements are cyclical and under watch: RBI Governor Sanjay Malhotra

FDI outflows, currency movements are cyclical and under watch: RBI Governor Sanjay Malhotra


In this image received on April 22, 2026, Reserve Bank of India Governor Sanjay Malhotra speaks during an interaction event at the Consulate General of India, in New York, USA.
| Photo Credit:
Via PTI

Short-term fluctuations, including net FDI outflows and exchange rate movements, are cyclical in nature and are being closely monitored, RBI Governor Sanjay Malhotra said.

He was speaking at a round-table hosted by Consulate General of India in New York on Monday. A press release was issued the next day.

Malhotra highlighted the ongoing reforms to simplify regulatory frameworks, enhance ease of doing business, expand market access for foreign investors, and further integrate onshore and offshore markets.

The round-table was attended by over 100 representatives from financial institutions, investment firms and policy circles, including participants from banks, asset management firms, family offices, capital management firms, institutional investors, wealth managers, and other industry professionals.

During the session, RBI Chief General Manager Dimple Bhandia gave a presentation, highlighting the country’s strong macroeconomic fundamentals, resilient financial sector, and consistent policy framework. It emphasized India’s position as the fastest-growing major economy and its trajectory to become the third-largest economy globally in the coming years.

The discussion highlighted key indicators such as low inflation within the target range, a manageable current account deficit of around 1.1 per cent of GDP, robust foreign exchange reserves of USD 700 billion, the release added.

Published on April 22, 2026



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Gold slips 0.7% as brent holds near  on US–Iran uncertainty

Gold slips 0.7% as brent holds near $95 on US–Iran uncertainty


The immediate trigger is the ceasefire deadline expiring Wednesday evening.

Gold prices are hovering in a narrow band on Wednesday as markets wait for clarity on US-Iran talks, with conflicting signals keeping both bulls and bears on the sidelines. Spot gold was trading at $4,794, while MCX Gold held within ₹1,53,500–₹1,54,000. Silver tracked gold lower, with Comex silver at $79.30 and MCX Silver hovering above ₹2,51,000.

The immediate trigger is the ceasefire deadline expiring Wednesday evening. US Vice President JD Vance is travelling to Pakistan for negotiations with Iran, but President Trump has stated it is “highly unlikely” he will extend the truce, and that the Strait of Hormuz will remain shut until a deal is reached. The diplomatic path turned rockier over the weekend when Iran reimposed Strait restrictions citing US “breaches of trust,” IRGC gunboats fired on a transiting tanker, and the US seized an Iranian cargo vessel in the Gulf of Oman.

That sequence of events had driven WTI up over 6 per cent on Monday to around $91 per barrel and Brent to $97.5, reversing Friday’s sharp selloff when prices had briefly crashed to $80.6 and $86 respectively after Iran’s foreign minister declared the strait open. Brent was last trading near $95. The energy shock is the key headwind for gold — higher crude stokes inflation fears, which in turn reduces the probability of rate cuts, limiting appetite for non-yielding assets.

Renisha Chainani, head of research at Augmont, notes that gold has been rangebound between $4,750 and $4,850, with either side breakout likely delivering a 3–4 per cent directional move. On the downside, a breach of $4,800 on Comex exposes $4,720–$4,700. On the upside, a sustained move above $4,900 opens the path toward $5,000–$5,100.

The RBI meanwhile partially rolled back forex restrictions introduced on April 1, allowing banks to resume offering NDFs to corporations, though the $100 million Net Open Position limit for banks in INR onshore derivatives remains in place. The rupee ended Tuesday 20 paise weaker at 93.12 and opened around 93.10 on Wednesday.

Published on April 22, 2026



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L&T locks 3 lakh tonne green ammonia deal with Japan’s ITOCHU

L&T locks 3 lakh tonne green ammonia deal with Japan’s ITOCHU


For L&T, the agreement supports its ambition to position Kandla as a major export hub for low-carbon fuels, in alignment with India’s National Green Hydrogen Mission.
| Photo Credit:
SIVARAM V

L&T Energy GreenTech Ltd (LTEGL), a wholly-owned subsidiary of Larsen & Toubro, has signed a long-term supply agreement with Japan’s ITOCHU Corporation to deliver 300,000 tonnes of green ammonia per annum on a captive take-or-pay basis. The ammonia will be produced at a proposed facility in Kandla, Gujarat.

The agreement was signed in Tokyo at ITOCHU’s headquarters by Derek M Shah, CEO & MD of LTEGL, and Hiroyuki Tsubai, Executive Vice President and President of ITOCHU’s Machinery Company. L&T Chairman & MD S N Subrahmanyan and Deputy MD Subramanian Sarma were present at the signing.

The deal advances the two companies’ relationship beyond the Joint Development Agreement they signed in July 2025, now moving from development-stage collaboration to securing committed long-term offtake.

ITOCHU plans to deploy the green ammonia for marine bunkering, with Singapore — a major global marine fuel hub — among the primary target markets. The move is part of ITOCHU’s broader push to build a green ammonia supply chain across key maritime trade routes as shipping lines seek to cut emissions.

For L&T, the agreement supports its ambition to position Kandla as a major export hub for low-carbon fuels, in alignment with India’s National Green Hydrogen Mission.

On the NSE, L&T shares were trading at ₹4,049, down 0.65 per cent. The stock has gained over 24 per cent in the past year and has delivered roughly 203 per cent returns over five years. The company carries a total market capitalisation of approximately ₹5.57 lakh crore. The deal announcement comes as the stock trades near the lower end of its intraday range of ₹4,022–₹4,070, against a 52-week high of ₹4,440 hit in February 2026.

Published on April 22, 2026



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Amit Shah slams Mallikarjun Kharge over ‘terrorist’ remark on PM Modi

Amit Shah slams Mallikarjun Kharge over ‘terrorist’ remark on PM Modi


Union Home Minister Amit Shah has strongly criticised Congress president Mallikarjun Kharge over his remarks referring to Prime Minister Narendra Modi as a “terrorist”, calling it a new low in political discourse.
| Photo Credit:
ANI

Union Home Minister Amit Shah strongly criticised Congress president Mallikarjun Kharge over his remarks referring to Prime Minister Narendra Modi as a “terrorist”, alleging that the Congress party has hit new lows in its political conduct and continues to degrade public discourse.In a post on X on Tuesday, the Home Minister said the Congress leadership had crossed all limits of political propriety with its comments, asserting that such statements bring shame to democratic institutions and insult the office of the Prime Minister.

”Every day, the Congress is hitting new lows in its demeanour, breaking its own record in lowering the standard of public discourse. Today, Congress President Mallikarjun Kharge Ji breached every standard of public conduct and brought shame to the nation by calling the elected Prime Minister of India, Narendra Modi Ji, a terrorist. This insult to the foremost leader of the nation is an insult to the millions of people who love and support Modi Ji,” Shah said.

He further added that calling Prime Minister Modi a terrorist was “highly condemnable”, claiming that the Prime Minister has played a key role in curbing terrorism over the past years.”Calling a leader like Modi Ji a terrorist, who has completely curbed terrorism in the last 12 years, is highly condemnable. Every time the Congress hurls abuses at Modi Ji, it is the people of India who answer them. This time too, the people will respond,” Shah added.

BJP leaders react strongly to Kharge’s statement

The remarks triggered strong reactions from other Bharatiya Janata Party (BJP) leaders as well. BJP National Spokesperson CR Kesavan also condemned Kharge’s statement, alleging that it reflected a “diseased mentality” within the Congress leadership.Lambasting the Congress, Kesavan said, “Congress President Mallikarju Karage’s toxic, venomous attack on Prime Minister Narendra Modi ji reflects the deep-rooted, diseased mentality of the Congress top leadership. Mr. Karage’s disgraceful comments are now being condemned by our people across the country and this poisonous politics of hate unleashed by the Congress party once again reminds our people why Rahul Gandhi’s Congress is the greatest threat to India’s unity and why Rahul Gandhi’s Congress is the greatest threat to Dr. Babasaheb Ambedkar’s constitution.”

Kharge’s speech triggers political row in Tamil Nadu

The controversy stems from Kharge’s speech during the last day of the election campaign in Tamil Nadu, where he criticised the AIADMK for aligning with the BJP while making sharp remarks against PM Modi. Kharge allegedly referred to Modi as a “terrorist who does not believe in equality”, sparking political backlash.

”I also thank the Tamil Nadu people who have given MPs to us, that’s why we were able to fight and defeat the bill. This is the land of scientific thinking and ideals of Periyar, Dr. Ambedkar, Annadurai, great Kamaraj and Karunanidhi. These people stood for this women’s reservation, justice, equality, and fraternity. Modi is not for these principles and one more thing I want to tell how this AIADMK people who themselves put the photo of Annadurai, how can they join with Modi who is a terrorist and who won’t believe in equality, his party won’t believe in equality and justice and these people are joining with them, it means that they are weakening democracy, they are weakening the philosophy of Annadurai, Kamaraj, Periyar and Karunanidhi and Babasaheb Ambedkar. The Congress-DMK alliance will continue to deliver welfare, inclusive growth, quality education and accessible healthcare,” Kharge had said while addressing the gathering.

Kharge issues clarification after backlash

However, after criticism, Kharge later clarified his remarks, stating that he intended to refer to Modi as someone who “terrorises political opponents” rather than calling him a terrorist.”He (PM Modi) is terrorising people and political parties. I never said he is a terrorist…What I mean, I want to clarify, is that Modi always threatens. The institutions like ED, I-T and CBI are in his hands. He wants to take delimitation also into his hands,” Kharge said in his clarification.

Published on April 22, 2026



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