Mumbai, Sep 16 — Gold and silver prices traded up to 1 per cent higher on Wednesday amid softer crude oil prices and lower US bond yields, while investors awaited the US Federal Reserve's policy decision.At around 10:45 am, gold futures (October) were trading at 1,51,598, an increase of 0.52 per…
New Delhi, Sep 16 — The Merchant Discount Rate (MDR) on select UPI payments could create an annual revenue pool of up to Rs 20,000 crore for banks and digital payment providers, according to many brokerages.Analysts at global brokerage firm Goldman Sachs estimated the industry revenue pool at Rs…
New Delhi, Sep 16 — In a bid to promote deep-sea fishing by encouraging fishers to harness high-value fisheries resources, the government is set to organise a national workshop on promotion of deep-sea fishing and interaction with access pass and letter of authorisation (LoA) holders in…
Mumbai, Sep 16 — Indian stock markets traded higher on Wednesday with equity benchmarks rising around 0.7 per cent each in early deals amid buying in FMCG, banking, cement and auto stocks.Nifty was at an intraday high of 23,281, an increase of 162 points or 0.70 per cent in morning trade, while…
New Delhi, Sep 16 — New Zealand's Parliament on Wednesday passed legislation needed for the free trade agreement (FTA) with India with lawmakers voting 93-29 in favour, according to Trade and Investment Minister Todd McClay.McClay said the vote showed strong parliamentary support for the agreement…
Seoul, Sep 16 — The government on Wednesday announced plans to formally allow the use of abortion pills by women up to nine weeks pregnant, as related regulations remain unrevised following the Constitutional Court's 2019 striking down of the abortion ban.The ministries of gender equality, health…
Seoul, Sep 16 — Unionised workers at South Korean steelmaker POSCO began a second partial strike on Wednesday after failing to narrow differences with management in wage negotiations.The 120-hour walkout began at 7 a.m. at POSCO's steel plants in Pohang and Gwangyang in southern South Korea, the…
New Delhi, Sep 15 — The Reserve Bank of India (RBI) on Tuesday said that the introduction of MDR on large-value UPI transactions is an important step towards strengthening the long-term sustainability of India’s digital payments ecosystem.It will help UPI in continuing to scale, innovate and serve…
New Delhi, Sep 15 — Industry experts on Tuesday said the UPI ecosystem needs a viable economic foundation to support continued investment and innovation, while ensuring that consumers and small merchants continue to benefit from affordable digital payments.Reacting to the National Payments…
New Delhi, Sep 15 — IndiGo flight 6E 6504 operating from Agartala to Delhi was reportedly diverted to Lucknow on Tuesday after its pilot declared an emergency mid-air over a suspected fire in the aircraft’s cargo department.The pilot decided to make a precautionary landing at Lucknow Airport after…
New Delhi, Sep 15 — India's total exports of merchandise and services rose by 25.41 per cent to $82.68 billion in August this year, compared to the corresponding figure for the same month of the previous year, the Commerce Ministry announced on Tuesday.Total imports of merchandise and services…
New Delhi, Sep 15 — The Supreme Court on Tuesday disposed of a plea filed by former National Stock Exchange (NSE) Managing Director and CEO Chitra Ramkrishna challenging a Delhi High Court judgment, observing that the issue of whether she could be treated as a "public servant" under the Prevention…
New Delhi, Sep 15 — The BRICS Summit was a huge success as India managed to bring all member countries together and build consensus on the Delhi Declaration, Fellow at the Chintan Research Foundation Indrani Talukdar said on Tuesday, stressing that the outcome has also created greater…
New Delhi, Sep 15 — India’s gold imports dipped 57.7 per cent year on year to $2.3 billion in August even as overall merchandise imports rose 14.1 per cent to $70.67 billion, government data showed on Tuesday.Merchandise gold exports surged 26.1 per cent to $43.81 billion in August, narrowing…
New Delhi, Sep 15 — India’s overall balance of payments recorded a surplus of $20.8 billion in July, compared with $0.3 billion a year earlier on the back of strong services exports and FDI flows into the country during the month, according to figures released by the Reserve Bank of India (RBI) on…
New Delhi, Sep 15 — The Securities and Exchange Board of India (SEBI) on Tuesday proposed shortening time for disaster recovery (DR) drills for market infrastructure institutions (MIIs) to at least four hours.The regulator also proposed introducing strengthened operational resilience and data…
New Delhi, Sep 15 — The Department of Consumer Affairs, Ministry of Consumer Affairs, Food & Public Distribution has invited a fresh round of applications for GATC recognition invited, and received strong response from industry, laboratories and technical institutions, an official statement…
New Delhi, Sep 15 — The new UPI framework introduced has no impact on any person-to-person transactions as UPI will continue to remain completely free for these, irrespective of the amount transferred, according to an explainer issued by the Finance Ministry on Tuesday.Payments to merchants up to…
New Delhi, Sep 15 — The Indian economy is more likely to be resilient rather than becoming more vulnerable, Dr V Anantha Nageswaran, Chief Economic Adviser, said on Tuesday, citing strong bank credit growth, robust GST collections and healthy corporate and banking sector balance sheets.Nageswaran…
Mumbai, Sep 15 — A Memorandum of Understanding (MoU) was signed on Tuesday between National Shipbuilding and Heavy Industries Park Maharashtra Limited (NSHPML) and Mazagon Dock Shipbuilders Limited (MDL) in the presence of Maharashtra Chief Minister Devendra Fadnavis. The agreement establishes MDL…
Mumbai, Sep 15 — The proposed initial public offering (IPO) of the National Stock Exchange of India (NSE) has received unexpectedly strong investor interest, with demand significantly exceeding the number of shares available for allocation, NSE Managing Director and Chief Executive Officer…