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Liger producer Charmme Kaur talks about films’ performance at the box office

Liger, which hit the theatres on August 25, was produced by Karan Johar in association with Puri Jagannadh and Charmme Kaur. The latter recently spoke about the performance of films in general at the box office. The producer’s opinion is that considering the easy availability of content for the audiences, movie makers should create films that entice them into coming to theatres. She also gave examples of how well South films like Kartikeya 2, Sita Ramam, and Bimbisara performed at the box office.

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We will actively start looking at exits in the next 2-3 years, says Bertelsmann India Investments’ Makkar

In the decade it has been in India, Bertelsmann India Investments (BII), the strategic investment arm of the German multinational media, services and education company, has invested in several interesting sector-agnostic startups including Eruditus, Rupeek, Licious, Pepperfry, Lendingkart, Bijak, Quikr, Shiprocket and Vymo, to name a few, some of which have since become unicorns.

A few months ago, the venture capital firm announced that it has earmarked $500 million to invest in Indian startups over the next few years, and will also be looking at early-stage opportunities. BII is known to invest in the mid-stage Series B and Series C rounds.

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World's first-ever fleet of hydrogen-powered train launched in Germany, greenest Rail yet

Trains are currently being operated on a multitude of power sources, and the list includes fossils, electricity, magnetic levitation and more. The most debated fuel source - hydrogen, however, has managed to keep away from the list. Well, not anymore it seems, as German officials have confirmed to incorporate the world's first-ever hydrogen-powered passenger train fleet. It will replace 15 diesel trains, which were previously being operated on tracks that lacked electric supply in Lower Saxony, Germany. The fleet comprises 14 trains, which use fuel cells to generate power, making it the cleanest-greenest train fleet ever.

State governor Stephan Weil said the 93-million-euro (USD 92 million) project was an 'excellent example' for Lower Saxony's efforts to make its economy greener.

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Big relief for American Express in India, can sign up new card users

The Reserve Bank on Wednesday lifted the restrictions on American Express Banking Corp and allowed onboarding of new domestic customers on its card network.

The central bank had imposed curbs on American Express Banking Corp for not following its new ruled on "Storage of Payment System Data" effective May 1, 2021.

"In view of the satisfactory compliance demonstrated by American Express Banking Corp with the Reserve Bank of India (RBI) circular... on Storage of Payment System Data, the restrictions imposed... on onboarding of new domestic customers have been lifted with immediate effect," the central bank said in a statement.

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RBI's debit, credit card rule to change from October 1

The Reserve Bank of India's (RBI's) card-on-file (CoF) tokenisation norms will come into effect from October 1, 2022. According to the RBI, the new tokenisation system will improve the cardholders' payment experience and also make it safer and more convenient.

The RBI also informed that, after the implementation of the tokenisation norms, the customers' credit card and debit card details - used in online, point-of-sale, and in-app transactions - will be stored as an 'encrypted' token in order to ease the transaction process. The new tokenisation guidelines were scheduled to come into effect from July 1, but the deadline was pushed to September 30.

However, according to news agency PTI report citing sources, most of the large merchants have complied with the RBI's card-on-file (CoF) tokenisation norms and 19.5 crore tokens have been issued so far.