RBI proposes asset-based criteria for PSU inclusion in upper layer NBFC

The Reserve Bank of India on Friday proposed an overhaul of the framework for identifying upper-layer non-banking finance companies (NBFCs), suggesting a shift to an asset-size-based criterion and inclusion of government-owned entities, PTI reported.Under the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026’,…

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Google Maps to get better with directions with future updates, here’s what’s changing

Google Maps is updating its Fused Orientation Provider (FOP) API to improve direction accuracy in busy areas. The update combines gyroscope, accelerometer, and magnetometer data, reducing magnetic interference and benefiting Google Maps and third-party apps on Android 5.0 or above. We keep hearing about Google Maps fiasco from across the globe where it directed people…

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