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India's forex reserves decline slightly after hitting record high
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 40-45 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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The Future of Investment Banking: How Modern Courses are Adapting to Indus
Updated : 1 year, 7 months ago IST
New Delhi [India], August 2: The investment banking industry is evolving at a fast pace because of the advent of technology in the sector and investment bankers are in high demand these days. Hence, the adaptation of such tech needs to be fast enough to ensure that you are not missing out on
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HDFC securities Partners with Vested Finance to Offer Access to Global Inv
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], August 2: HDFC securities, the leading stock broking company, and a wholly owned subsidiary of HDFC Bank, announced a strategic tie-up with Vested Finance, a popular US-based investment platform for democratising global investing for Indians and NRIs. Global Inv
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"80 cr people came out of poverty due to efforts made by PM Modi," says Un
Updated : 1 year, 7 months ago IST
Reacting to UNGA president Dennis Francis's statement, BJP leader and former Union Minister Rajeev Chandrasekhar said that Francis has presented an example of transformation in India during the last ten years. The Union Minister mentioned the statistics and said that PM Modi through his d
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Resolutions under IBC up by a record 42 pc in FY 2024; real estate and man
Updated : 1 year, 7 months ago IST
The Insolvency and Bankruptcy Code (IBC) recorded the highest-ever number of resolutions in fiscal 2024. In the year 269 cases received approval from the National Company Law Tribunal (NCLT) for resolution plans.
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Ayala to increase stake in the ubiquitous GCash
Updated : 1 year, 7 months ago IST
Manila [Philippines], August 2: Ayala Corporation, through its wholly-owned subsidiary AC Ventures Holding Corp. ("ACV"), will be increasing its ownership stake in Globe Fintech Innovations, Inc. ("Mynt"), the parent company of the #1 finance super app and digital cashless ecosystem in th
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India lifted 800 million people out of poverty "simply by smartphone": UNG
Updated : 1 year, 7 months ago IST
"Rural farmers in India who never had a relationship with the banking system, are now able to transact all their businesses on their smartphone. They pay their bills, they receive payments for orders," Dennis Francis said.
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Middle-income trap hinders progress of 108 developing countries; including
Updated : 1 year, 7 months ago IST
Drawing on lessons of the past 50 years, the World Development Report 2024 finds that as countries grow wealthier, they usually hit a "trap" at about 10 per cent of annual US GDP per person--the equivalent of USD 8,000 today.
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2.08 pc of Rs 2000 notes, valued Rs 7,409 crore, still to be returned: RBI
Updated : 1 year, 8 months ago IST
The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
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India to make a Green National Highway project of 781 Kms in collaboration
Updated : 1 year, 8 months ago IST
The Government of India and the World Bank have entered into an agreement for the construction of the Green National Highway Corridors Project (GNHCP), said the Ministry of Road Transport & Highways on Thursday.
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April-June 2024 figures suggest fiscal deficit at Rs 1.4 tn Vs Rs 4.5 tn (
Updated : 1 year, 8 months ago IST
India's fiscal deficit reduced to Rs 1.4 trillion during April-June 2024, down from Rs 4.5 trillion reported in the same period last year, according to a report by Anand Rathi Equity, a financial services company.
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Credit growth drops in June, credit offtake expanded by Rs. 20.4 lakh cror
Updated : 1 year, 8 months ago IST
The credit growth in June 2024 dropped sharply to 17.4 per cent lower than 20.8 per cent in the previous month, however over the last twelve months, credit offtake expanded by Rs. 20.4 lakh crore while deposits expanded by Rs 23.9 lakh crore, a report by Anandrathi observed.
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