Finance Ministry holds high-level meeting to expedite recovery of debt
New Delhi, Feb 17 - A high-level meeting chaired by the Secretary of the Finance Ministry’s Department of Financial Services, Vivek Joshi, on Saturday discussed steps to expedite the recovery of debt and enhance the efficiency of debt recovery tribunals.
Pakistan headed towards an inevitable debt default, warns think tank
New Delhi, Feb 18 - The quantum of debt Pakistan requires is growing faster than the net output of the economy (GDP). This means that the economy's ability to grow or increase output is constrained. This is unsustainable, Tabadlab, an Islamabad think tank
India’s fresh fruit exports surge 29%, footprint spreads to 111 countries
New Delhi, Feb 17 - Fresh fruits have emerged as a standout performer in India's agri export basket with a robust growth of 29 per cent in the nine-month period from April to Dec 2023, according to the latest data compiled by the
FPI selling stands at Rs 29,519 crore for this year
New Delhi, Feb 17 - The spike in US bond yields triggered by the higher-than-expected consumer price inflation led to sustained selling by FPIs in the cash market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Oil prices not rising despite Middle East tensions as demand wanes
New York, Feb 17 - When Russia invaded Ukraine in 2022, the price of oil jumped to over $100 a barrel. But despite the threat of an escalation of tensions in the Middle East and attacks on Red Sea shipping, oil markets have
Paytm QR, Soundbox, Card Machine to work beyond March 15; nodal accounts moved to Axis Bank
New Delhi, Feb 16 - Leading payments and financial services company Paytm on Friday reassured its users that its mobile app, including the widely-used Made in India QR code, Soundbox, and Card Machine will remain operational without interruption even after March 15.
LIC received refund orders for Rs 21,740cr from Income Tax Dept
New Delhi, Feb 16 - Life Insurance Corporation of India had received refund orders for Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20.
India partners Colombia on sharing open-sourced digital public infrastructures
New Delhi, Feb 16 - In a bid to promote digital transformation via India stack's capacity-building programmes, India and Colombia on Friday signed a memorandum of understanding (MoU) on cooperation in the field of sharing successful digital solutions implemented at population scale for
New York judge in civil fraud case fines Trump $350 M, depleting available cash in election year
New York, Feb 17 - A local judge has dealt a blow to Donald Trump’s purse and ego, hitting him with a massive fine of over $350 million, depleting available cash in an election year and barring the billionaire real estate developer from
German insolvencies keep rising amid weak economy
Berlin, Feb 17 - The number of insolvencies in Germany rose 26.2 per cent year-on-year in January amid a weak economy, preliminary figures published by the Federal Statistical Office (Destatis) show on Friday.
RBI FAQs for Paytm Payments Bank customers — All you need to know
Mumbai, Feb 16 - The Reserve Bank of India (RBI) on Friday issued a list of frequently asked questions (FAQs) for the convenience of the customers of Paytm Payments Bank and the general public at large to explain how the business restrictions that
PM SVANidhi scheme loans to Delhi street vendors cross Rs 221cr mark
New Delhi, Feb 16 - Minister of Housing & Urban Affairs Hardeep Singh Puri said on Friday that the number of bank loans given to street vendors in Delhi under the PM SVANidhi scheme had crossed the 2 lakh mark and over Rs
Tech industry in India hits $254 bn in revenue in FY24, adds 60K employees
New Delhi, Feb 16 - The technology industry in India reached $253.9 billion in revenue with an addition of $9.3 billion incremental revenue in FY2024 (estimated), growing at 3.8 per cent from FY23, a Nasscom report said on Friday.
SpiceJet and Busy Bee Airways bid jointly for GoFirst
New Delhi, Feb 16 - The Chairman and Managing Director of SpiceJet, and Busy Bee Airways Private Limited, have jointly submitted a bid for the cash-strapped GoFirst.
India’s wearable market rises 34% in 2023 to 134mn units: Report
New Delhi, Feb 16 - India's wearable device market registered 34 per cent growth in 2023 to a record 134.2 million units, a new report said on Friday.
Sam Altman responds to CRED’s Kunal Shah query, creates AI video via Sora
New Delhi, Feb 16 - Kunal Shah, founder and CEO of fintech unicorn CRED, has received a response from OpenAI CEO Sam Altman after he asked for a specific video crafted using the company's newly launched text-to-video model 'Sora'.
India 3rd largest digitalized country among G20 nations: Report
New Delhi, Feb 16 - India now ranks as the third largest digitalised country among the G20 nations after US and China, when compared by the aggregate level of digitalisation, a new report showed on Friday, stressing that India's global ranking significantly improves
Ashwini Vaishnaw to inaugurate ‘Made in India’ Indus Appstore: PhonePe
New Delhi, Feb 16 - Union IT and Railways Minister Ashwini Vaishnaw is set to inaugurate Indus Appstore -- the first-ever ‘Made-in-India’ Android-based app store -- on February 21, leading fintech and digital payments leader PhonePe said on Friday.
Education Minister to inaugurate the World Universities Summit 2024 hosted by the O.P. Jindal Global University
Sonipat, Feb 16 - The three-day World Universities Summit on "Universities of the Future: A Global Partnership for Social Justice and Sustainable Development" organised by the International Institute for Higher Education Research & Capacity Building (IIHEd) of O.P. Jindal Global University (JGU), Sonipat,
Mahindra to equip its electric platform Inglo with electric components of Volkswagen
New Delhi, Feb 16 - Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed the first supply agreement on components of Volkswagen's MEB for Mahindra's purpose-built electric platform Inglo, a company statement said.