Retail investors can lock in high yields across fixed income products, say analysts
New Delhi, April 5 - For retail investors, this is a great time to invest in fixed-income products and they can continue to enjoy and lock in high yields now across various products such as government bonds, corporate bonds, and fixed deposit (FD)
RBI’s decision on 3rd-party UPI apps to democratise wallet market: Experts
New Delhi, April 5 - Industry experts on Friday welcomed the move by the Reserve Bank of India (RBI) to permit the use of third-party UPI apps for making digital payments from prepaid payment instruments (PPI) wallets.
Krafton India CEO appointed Vice President of Indian Digital Gaming Society
New Delhi, April 5 - The Indian Digital Gaming Society (IDGS), a non-profit organisation, on Friday said that it appointed BGMI developer Krafton India CEO Sean Hyunil Sohn as its Vice President (VP).
RBI allows cash deposits in CDMs via UPI
Mumbai, April 5 - The RBI has decided to allow bank customers to deposit money in Cash Deposit Machines (CDMs) through UPI as part of its policy to enhance convenience in carrying out transactions.
RBI to review liquidity coverage ratio norms for banks
Mumbai, April 5 - The RBI has decided to undertake a comprehensive review of the liquidity coverage ratio (LCR) framework for banks to prevent a situation where a sudden withdrawal of money by a very large number of customers from their accounts could
RBI okays use of 3rd party UPI apps for payments from PPI wallets
Mumbai, April 5 - The RBI has decided to permit the use of third-party UPI apps for making UPI payments from PPI wallets to further enhance customer convenience and boost adoption of digital payments for small value transactions, RBI Governor Shaktikanta Das said
RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC
Mumbai, April 5 - With a view to facilitating wider non-resident participation in Sovereign Green Bonds, a scheme for investment and trading in these Bonds in the IFSC will be notified shortly, RBI Governor Shaktikanta Das announced on Friday.
‘Rising crude oil prices pose headwinds for Indian markets’
New Delhi, April 5 - The Middle East skirmishes have pushed up Brent crude to $91 and if oil continues to rise that can pose macro headwinds for India, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc
Mumbai, April 5 - India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said on Friday.
X users begin to lose followers as Musk cracks down on bots, trolls
New Delhi, April 5 - X users on Friday started losing followers as Elon Musk-run social media platform kicked off the exercise to remove bots.
RBI leaves key repo rate unchanged, focus on keeping inflation in check
Mumbai, April 4 - The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim of keeping inflation in check and ensuring that
RBI retains repo rate at 6.5 pc
Chennai, April 5 - Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.
EV sales drop 25 pc in S. Korea, hybrid car sales jump
Seoul, April 5 - Electric vehicle (EV) sales in South Korea plunged 25 per cent in the first quarter from a year earlier, while gasoline hybrid model sales jumped 46 per cent during the same period, according to a market report on Friday.
LG Electronics reports 11 pc decline in Q1 profit as costs rise
Seoul, April 5 - LG Electronics said on Friday that its operating profit for the first quarter of this year fell more than 10 per cent from a year earlier, due to rising costs and intensifying competition.
Samsung expects $4.9 billion in profit in Q1 as chip demand rebounds
Seoul, April 5 - Samsung Electronics said on Friday that its operating profit for the first quarter is estimated to have shot up more than 10-fold on rebounding demand for memory chips, beating market expectations.
HDFC Bank’s ADR jumps over 6 pc post business performance update
New Delhi, April 4 - HDFC Bank's ADR jumped by more than 6 per cent on Thursday after the private lender announced its business performance for the fourth quarter.
Vistara pilots’ demands reflect broader Tata Group airline challenges, AI pilots unions tell Chairman
New Delhi, April 4 - Air India's two pilots unions, the India Commercial Pilot Association (ICPA) and the Indian Pilots' Guild (IPG), joining the Vistara pilots' protest against the new contract following its decision to merge with Air India, have told Tata Group
Income Tax Dept throws open e-portal for filing ITRs
New Delhi, April 4 - Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards.
Blinkit to sell Sony PlayStation 5 on its platform
New Delhi, April 4 - Zomato-owned quick commerce platform Blinkit on Thursday said that they will be collaborating with Sony to sell PlayStation 5 on its platform.
RBI issues clarification on currency derivatives circular, defers implementation to May 3
Mumbai, April 4 - The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead of April 5 as was announced earlier.