Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor
Mumbai, Aug 28 – As the Unified Payments Interface (UPI) goes global, the US private banks might explore connecting with India’s unique digital payments solution, Federal Reserve Governor Christopher Waller said here on Wednesday, adding that cross-border payment interlinking is one of the
Nifty hits all-time high as IT stocks lead the rally
Mumbai, Aug 28 – Indian frontline line indices extended gains in mid-session on Wednesday due to a rally in the IT stocks. Due to the uptrend, the National Stock Exchange (NSE) benchmark Nifty made a new all-time high of 25,114, previously it was
10 Years of PMJDY: NITI Aayog CEO recalls how scheme’s 4-year target was cut to five months
New Delhi, Aug 28 – The country is celebrating 10 years of Pradhan Mantri Jan Dhan Yojana (PMJDY), the world’s largest financial inclusion programme. Launched on August 28, 2014, by Prime Minister Narendra Modi, PMJDY was a bold financial inclusion initiative to ensure
18th ASEAN ministerial meet begins in Laos with focus on connectivity, resilience
Vientiane, Aug 28 – Secretary-General of ASEAN, Kao Kim Hourn, and the ASEAN Ministers responsible for combating transnational crime on Wednesday participated in the 18th ASEAN Ministerial Meeting on Transnational Crime in Vientiane, Laos, along with Timor-Leste as an Observer. The meeting themed
Sales turnover in Janmashtami festivities soars to Rs 25,000 crore
New Delhi, Aug 28 – The Janmashtami festival this year generated a business of more than Rs 25,000 crore, according to the traders’ body Confederation of All India Traders (CAIT). The high sales turnover reflects robust consumer spending in a growing economy which
India-GCC bilateral trade reaches $162 billion, exports show consistent growth
New Delhi, Aug 28 – Showing strong growth, the bilateral trade between India and the Gulf Cooperation Council (GCC) countries reached 162 billion dollars last year, the government has said. The GCC now contributes 15 per cent of India’s total trade and sectors
PMJDY world’s largest financial inclusion scheme: Nirmala Sitharaman
New Delhi, Aug 28 – The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Narendra Modi on August 28, 2014, has become the world’s largest financial inclusion scheme — with more than 53.14 crore beneficiaries and total deposit balances at Rs
Zee, Sony end all disputes, $10 bn merger deal scrapped amicably
Mumbai, Aug 27 – ZEE Entertainment Enterprises Ltd. (ZEE), and Culver Max Entertainment Pvt. Ltd. (CMEPL) operating as Sony Pictures Networks India (SPNI), together with its group company Bangla Entertainment Pvt. Ltd. (BEPL), have arrived at a comprehensive non-cash settlement, amicably resolving all
Car manufacturers agree to offer discounts to buyers who scrap old vehicles: Gadkari
New Delhi, Aug 27 (IANS) Union Minister of Road Transport and Highways, Nitin Gadkari, announced on Tuesday that passenger and commercial vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older ones of buyers with
Rural electrification, healthcare boost consumption at district level in India: Report
New Delhi, Aug 27 – As private consumption growth surges across sectors in India, especially in the rural economy, a report revealed on Tuesday that 60 per cent of households with annual income above Rs 5 lakh are in the top 20 per
Co-branded credit cards to grow at 35-40 pc CAGR in India by FY28: Report
Mumbai, Aug 27 – Driven by India’s booming economy and shifting consumer preferences, co-branded credit cards (CBCCs) are projected to grow at the 35-40 per cent compound annual growth rate (CAGR), outpacing the traditional plastic money by two times in FY28, a report
Nifty closes above 25,000 for second straight session
Mumbai, Aug 27 – Indian equity indices closed flat on Tuesday due to mixed global sentiments. At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the
IMF approves $820 mn disbursement to Egypt
Cairo, Aug 27 – The International Monetary Fund (IMF) approved a disbursement of US$820 million to Egypt as part of an 8 billion-dollar loan program. The IMF on Monday said macroeconomic conditions in Egypt have improved since the program’s first and second reviews
Sensex trades flat on mixed global cues
Mumbai, Aug 27 – Indian equity indices opened flat on Tuesday following mixed cues from the global market. At 9.40 a.m., Sensex was down 67 points or 0.08 per cent at 81,631 and Nifty was down 35 points or 0.14 per cent at
S. Korea, CEPI discuss ways to bolster investment in local bio firms
Cupertino (California), Aug 27 – Apple has appointed Indian-origin Kevan Parekh as its new Chief Financial Officer (CFO) who will also join the the executive team at the tech giant. Current CFO Luca Maestri will transition from his role on January 1, 2025,
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
New Delhi, Aug 27 – Riding on robust local production as iPhone manufacturing plants in India continue to create new export records each month, Apple is all set to create 5-6 lakh jobs (direct and indirect) in the coming 1-2 years. As iPhone
Are Russians falling out of love with vodka?
Moscow, Aug 23 – It is the alcoholic beverage most stereotypically identified with Russia, but vodka seems to be losing its charm for the people of the country, with its share of the domestic market in 2024 plunging to single-digit figures, as per
India’s $30 billion creative industry employs 8 pc of working population: Hardeep Puri
New Delhi, Aug 24 – The creative industry in India now stands at $30 billion, responsible for the employment of nearly 8 per cent of the country’s working population, Union Petroleum Minister Hardeep Singh Puri has said. Minister Puri stressed that with creative
India aspires to grab 10 pc share of all 6G patents in next 3 years
New Delhi, Aug 24 – India can achieve a share of 10 per cent of all 6G patents along with one-sixth contributions to global standards in the next three years, a government-led panel has stressed. The country has already launched various initiatives like
US rate cut announcement: Indian markets set to respond positively
Mumbai, Aug 24 – Buoyed by positive US economic data and other global cues, the Indian stock markets continued their recovery rally this week. With the US government now confirming a rate cut (most likely in September), domestic markets are anticipated to respond