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Tag: cash

Now, withdraw cash from ATMs without a card

Now, withdraw cash from ATMs without a card

Finance
MUMBAI: SBI has introduced a facility that allows customers to withdraw cash from ATMs without a card. YONO Cash can be used to withdraw cash at over 16,500 SBI ATMs across the country. SBI is the first bank to offer this service in India. The ATMs enabled for this service will also be termed as YONO Cash Point. Customers can initiate the cash withdrawal process on the YONO app and set a six digit YONO Cash pin for the transaction. They will also get a six digit reference number for the transaction on their registered mobile number via SMS. The cash withdrawal has to be completed within the next 30 minutes at the nearest YONO Cash point using both PIN and the reference number received. YONO can be accessed through Android and iOS powered mobile phones, and on the web through a browser. SB...
Branson hunts cash for Virgin space ventures

Branson hunts cash for Virgin space ventures

Technology
By Mark Kleinman, City editor Sir ‎Richard Branson is hunting new funds for his commercial space ventures, months after halting a $ 1bn (£775m) Saudi-funded deal amid an international furore over the murder of Jamal Khashoggi.Sky News ‎has learnt that the Virgin Group founder has hired LionTree Advisors, a corporate finance firm, to help raise hundreds of millions of pounds to inject into Virgin Galactic and Virgin Orbit. Discussions with prospective investors, including sovereign wealth funds, private equity firms, high net worth individuals and strategic partners, are already under way, according to people close to the process.LionTree's appointment is understood to have been made on the back of expressions of investor interest that foll...
Next government shutdown: How to build a cash cushion when your income is cut off

Next government shutdown: How to build a cash cushion when your income is cut off

Finance
There's one thing the record 35-day government shutdown made clear: Americans aren't saving for a rainy day. "The partial government shutdown serves as a wake-up call that emergency savings must be made a more serious priority," said Mark Hamrick, senior economic analyst at Bankrate.com. Over three-quarters of all full-time workers are living paycheck to paycheck, according to a report from jobs site CareerBuilder. Just 40 percent of Americans are able to cover an unexpected $ 1,000 expense with their savings, according to a separate survey from pers...
Norwegian Air seeks cash injection

Norwegian Air seeks cash injection

Business
Norwegian Air wants to raise 3bn Norwegian kroner (£268m) through a rights issue to improve its finances.The news comes as the company announced that its preliminary earnings for 2018 showed an operating loss of roughly 3.8bn kroner.The budget carrier said it was not in talks with any potential buyers after British Airways owner IAG abandoned its plans to buy it last week.In early trading on Tuesday, the company's shares plunged by 16%.Billionaire John Fredriksen and the airline's chief executive Bjorn Kjos and chairman Bjorn Kise have all agreed to underwrite the issue.Mr Kjos explained that the airline was going to change its strategic focus from growth to making cost savings."We will now get in place a strengthened balance sheet that supports the...