Zerodha’s Nithin Kamath praises SEBI for making market safer, investor-friendly
New Delhi, June 7 - Praising the Securities and Exchange Board of India (SEBI) for making markets safer and more investor-friendly, Zerodha’s Co-founder and CEO Nithin Kamath on Friday said that the new regulation will ease operations at a broker's end.
RBI’s focus on price stability to further cement foundation for robust economy: Assocham
New Delhi, June 7 - The Reserve Bank of India’s (RBI) unwavering focus on price stability for a sustainable economic growth would further cement the foundation for a long and robust run for the Indian economy, top trade body Assocham said on Friday.
Investors gain Rs 28 lakh crore in just 3 trading sessions as PM Modi set to begin 3rd term
Mumbai, June 7 - As Prime Minister Narendra Modi was elected as leader of the NDA Parliamentary party amid the RBI’s monetary policy announcements, the Indian indices on Friday recovered from losses it suffered before the election results, giving investors Rs 28 lakh
Adani Ports gets 5-year contract to run container terminal at Kolkata port
Ahmedabad, June 7 - Adani Ports and Special Economic Zone Limited (APSEZ) said on Friday that it has received the letter of intent (LoI) for the operation and maintenance of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee
India embarks on clean energy journey amid billions of dollars investments opportunity
New Delhi, June 7 - As India begins its ambitious journey to fulfilling at least half of its energy requirements via renewable energy by 2030, the country is set to attract over $500 billion worth investment in clean energy by that time.
India’s forex reserves at historic high of $651.5 bn, CAD to dip: RBI
Mumbai, June 7 - With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January - March quarter of 2023-24, RBI Governor Shaktikanta Das said on Friday.
Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed
New Delhi, June 7 - Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.
Industry hails RBI’s goal to become model central bank for Global South
New Delhi, June 7 - Industry experts on Friday hailed the status quo stance of the monetary policy, expecting the inflation trajectory to stabilise within the target band of the Reserve Bank of India (RBI), welcoming its goal to become a model central
Adani One partners with Cleartrip to provide users bus travel options
New Delhi, June 7 - Adani One on Friday said that it partnered with Flipkart-owned online travel aggregator Cleartrip to enhance the travel experience for its users by providing the widest range of bus travel options at competitive fares.
RBI Governor warns banks, NBFCs over slapping extra fees on customers
Mumbai, June 7 - RBI Governor Shaktikanta Das on Friday sent a clear message to banks and NBFCs against charging extra fees and high interest rates on loans to customers.
Stock markets zoom over RBI’s GDP forecast, Sensex up over 1 pc
Mumbai, June 7 - The India stock market extended morning gains after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised India's real GDP forecast to 7.2 per cent for FY25 from earlier 7 per cent.
RBI easing FEMA guidelines to facilitate overseas trade
Mumbai, June 7 - Reserve Bank of India (RBI) has decided to rationalise existing guidelines on the export and import of goods and services in line with the changing dynamics of cross-border trade transactions globally.
Digital lending platform Fibe raises $90 mn led by TR Capital, others
New Delhi, June 5 - Digital lending platform Fibe said on Wednesday that it raised $90 million in a Series E round led by TR Capital, Trifecta Capital and Amara Partners.
TCS launches GenAI aggregation platform for firms to adopt next-gen tech at scale
New Delhi, June 7 - Tata Consultancy Services (TCS) on Friday launched 'AI WisdomNext', a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organisations to rapidly adopt next-gen technologies at scale, lower costs and within regulatory
RBI bringing in Auto-Replenishment facility for Fastag, NCMC & UPI Lite Wallet
Mumbai, June 7 - The Reserve Bank of India (RBI) has decided to include payments, such as replenishment of balances in Fastag, National Common Mobility Card (NCMC), etc. which are recurring in nature but without any fixed periodicity, in the e-mandate framework.
RBI hikes limit of bulk deposits for banks, FD investors to gain
Mumbai, June 7 - The Reserve Bank of India (RBI) has decided to revise the definition of bulk deposits as ‘Single Rupee term deposits of Rs 3 crore and above’ for scheduled commercial banks and small finance banks, central bank Governor Shaktikanta Das
Adani Solar ‘Top Performer’ in Kiwa PVEL’s PV Module Reliability Scorecard for 7th year
Ahmedabad, June 7 - Adani Solar, the solar photovoltaic (PV) manufacturing arm of the Adani Group, on Friday, said it has been recognised as a 'Top Performer’ in the 10th Edition of Kiwa PVEL’s PV Module Reliability Scorecard.
RBI raises GDP growth forecast for 2024-25 to 7.2 pc, sees CPI inflation at 4.5 pc
Mumbai, June 7 - The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), as it expects the economy to continue on a high growth trajectory.
28,000 unionised workers of Samsung set to stage walkout over wages
Seoul, June 7 - Unionised workers of Samsung Electronics were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant.
SK Group chairman meets TSMC chief, discusses AI chips
Seoul, June 7 - SK Group Chairman Chey Tae-won had held a meeting with CC Wei, Chairman of Taiwan Semiconductor Manufacturing (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip technologies, SK Group said on Friday.