Mumbai, Aug 5 — RBI Governor Sanjay Malhotra said on Wednesday that costs have to be paid by someone for the sustainability of the public infrastructure for digital payments to run the UPI system, but this may not fall on general consumers.He was responding to a question, at a press conference…
New Delhi, Aug 5 — A Parliamentary Standing Committee on Wednesday took strong exception to the temporary removal of Prime Minister Narendra Modi's video from Facebook and has sought an apology from Meta CEO Mark Zuckerberg within three days.According to a letter sent to the Secretary of the…
New Delhi, Aug 5 — Industry bodies and economists broadly welcomed the Reserve Bank of India’s decision on Wednesday to keep the benchmark repo rate unchanged, saying the move should bolster business confidence.The Associated Chambers of Commerce and Industry of India (ASSOCHAM) said the decision…
New Delhi, Aug 5 — The Department of Posts in the Delhi Circle has set up special counters at 34 major post offices along with railway stations -- Delhi Railway Station and New Delhi Railway Station -- to facilitate timely delivery of Rakhi consignments, an official statement said on Wednesday.The…
Mumbai, Aug 5 — RBI Governor Sanjay Malhotra said on Wednesday there is no proposal to prematurely close the Foreign Currency Non-Resident (Bank), or FCNR (B), deposit incentive scheme.The RBI Governor was responding to a question at a press conference here after the announcement of the monetary…
New Delhi, Aug 5 — The Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent reflects a balanced approach to managing inflation risks while supporting economic growth amid global uncertainties, industry body PHD Chamber of Commerce and Industry (PHDCCI) said on…
Mumbai, Aug 5 — Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said the central bank is targeting the introduction of polymer currency notes by FY28 with field trials currently underway to assess their performance before a broader rollout.Speaking to IANS at the post-Monetary…
New Delhi, Aug 5 — Artificial intelligence gave a lifeline to developing countries, allowing them to achieve in a decade 'what might otherwise take a century', but only if their governments rapidly close gaps in power, connectivity, skills and institutional quality, a report has said.The report…
New Delhi, Aug 5 — India's services sector remained in expansion territory in July due to healthy export demand and continued hiring, according to the HSBC India Services PMI data released on Wednesday.The seasonally adjusted HSBC India Services PMI Business Activity Index came in at 53.3 in July…
Mumbai, Aug 5 — The Reserve Bank of India (RBI) on Wednesday announced measures to strengthen the cooperative banking sector and proposed a harmonised regulatory framework for interest rates on advances across all regulated entities to improve transparency in lending rates and enhance consumer…
Mumbai, Aug 5 — The Reserve Bank of India (RBI) on Wednesday projected consumer price inflation at 5 per cent for FY27, while expecting it to rise further in the near term.Announcing the Monetary Policy Committee's (MPC) decision to keep the repo rate unchanged at 5.25 per cent, Malhotra said…
New Delhi, Aug 5 — The Indian economy has remained resilient amid persisting global headwinds, RBI Governor Sanjay Malhotra said on Wednesday, adding that high frequency indicators available so far point towards steady domestic demand in Q1 2026-27.Private consumption remained robust. Investment…
New Delhi, Aug 5 — More than 6.64 crore jobseekers have registered on the National Career Service (NCS) portal since its inception, with 2.89 crore active jobseekers currently on the platform, an official statement said on Wednesday.In the Lok Sabha, Union Labour and Employment Minister Mansukh…
New Delhi, Aug 5 — Terming India as the fastest-growing economy amid persistent global uncertainties, the Reserve Bank of India (RBI) on Wednesday projected real GDP growth at 6.7 per cent for FY27, 10 bps higher than its previous projection of 6.6 per cent in the prevision Monetary Policy…
New Delhi, Aug 5 — The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting.The Standing Deposit Facility (SDF) rate also remained at 5 per cent, while the Marginal Standing…
Mumbai, Aug 5 — Domestic equity markets opened higher on Wednesday ahead of the RBI's policy decision as the headline index surged almost 1 per cent, while global cues were also positive.Sensex started the trading session at 79,055.38, up over 600 points or 0.8 per cent, while Nifty opened 54…
Mumbai, Aug 5 — Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the outcome of the Monetary Policy Committee's (MPC) three-day meeting on Wednesday, with economists and market participants widely expecting the central bank to keep the benchmark repo rate unchanged at 5.25…
Seoul, Aug 5 — E-commerce giant Coupang said on Wednesday it swung to a net loss in the second quarter from a year earlier due to fines related to a massive data breach.In the three months that ended in June, the U.S.-listed company shifted to a net loss of 865 billion won (US$570 million) from a…
Seoul, Aug 5 — Seoul shares extended gains late on Wednesday as easing concerns over artificial intelligence (AI) profitability and hopes for an interim agreement between the United States and Iran over the Strait of Hormuz lifted investor sentiment.After opening 3.85 percent higher, the benchmark…
Krishnagiri, Aug 5 — The Tamil Nadu government plans to develop Dharmapuri and Krishnagiri districts as the state’s mango industrial corridor, with five integrated mango processing parks proposed as part of its Vetri Tamizhagam Vision document. The initiative, aimed at strengthening the…
Chennai, Aug 5 — The TVK-led Tamil Nadu government will present its maiden Budget for 2026-27 in the Assembly on Wednesday, setting out its fiscal priorities and development agenda at a time when the state is grappling with significant financial constraints.Finance, Planning and Development…