RBI chief says banks, NBFCs in robust health but must stay alert
Mumbai, April 5 - RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to be healthy, and financial indicators of non-banking financial
DCM Limited to file appeal against Income Tax assessment order on alleged bogus purchases
New Delhi, April 5 - The Income Tax Department has passed an assessment order dated March 30, that the erstwhile Textile Business Undertaking (referred to as Demerged Undertaking) of DCM Limited, which was demerged into DCM Nouvelle Limited under a scheme of arrangement,
RBI sees price of India’s crude oil imports at $85 a barrel in 2024-25
Mumbai, April 5 - The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going ahead amid geopolitical tensions which have “imparted significant uncertainty” to the outlook.
NetApp empowers women-led deep tech startups in India
Bengaluru, April 5 - Three out of the five data-driven deep tech startups, graduated from the 12th cohort of accelerator programme 'NetApp Excellerator' are led by women founders, the data infrastructure company said on Friday.
Automaker Kia to invest $28 billion in future mobility solutions
Seoul, April 5 - Kia, South Korea's second-largest carmaker, said on Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles (EVs).
Range-bound rupee most stable among major currencies: RBI Governor
Mumbai, April 5, - The Indian rupee (INR) has remained largely range-bound as compared to both its emerging market peers and a few advanced economies during 2023-24 and was the most stable among major currencies during this period, RBI Governor Shaktikanta Das said
Redington, Zoho join hands to help Indian firms boost digital transformation
New Delhi, April 5 - Technology solutions provider Redington Limited on Friday announced a strategic partnership with tech firm Zoho Corporation, to help businesses in India accelerate their digital transformation.
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.