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Dubai-based YAP does not have a banking licence itself but has partnered with RAK Bank which provides international bank account numbers for YAP users and secures their funds under its own banking licence.
Indian Army foils third infiltration attempt on LoC in 72 hours"An infiltration bid was foiled by the Indian Army at LOC in Pallanwala in Akhnoor sector on the night of August 23. This is the third such failed infiltration attempt in the last 72 hours at LoC," Army officials said on Wedn… Read MoreEurozone is already in recession on energy squeeze, says UBSThe 19-nation economy will shrink by 0.1% in the third quarter and 0.2% in the fourth, the analysts predicted Thursday in a report to clients. Despite that, they upgraded their full-year outlook after a strong performance in … Read MoreGovt planning PLI scheme for toys, lab-made gems, bicyclesWith the successful rollout of PLI schemes for 14 sectors to create national manufacturing champions, discussions are on to have similar incentives for some more job-creating sectors, officials said. "Talks to include toys, b… Read MoreNovartis to spin off generics biz sandozThe company started a strategic review of Sandoz last October - examining a range of options, including retaining the business, spinning it off or selling it - following a protracted period of underperformance driven largely … Read MoreDelhi to soon have 11 new hospitals adding over 10,000 beds to health infra"These 11 new hospitals will give a boost to the health infrastructure of Delhi and lakhs of Delhiites will be able to take advantage of it. With these new hospitals, 10,000-plus hospital beds will be added to the capital's h… Read More
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