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Inflation expected to remain higher than RBI tolerance level till Dec: Sha
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
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China Matters highlighted the 6th World Intelligence Congress: China's Dig
Updated : 3 years, 9 months ago IST
Beijing [China], June 24 (ANI/PR Newswire): The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But li
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Indian equities rally for 2nd day; Sensex surges 462 points
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Indian stock markets key indices rallied for the second consecutive day on Friday with benchmark Sensex surging by 462 points led by good buying support in banking, financial and infra stocks.
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Pakistan Stock Exchange plunges after govt announces 'super tax' on indust
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 24 (ANI): The Pakistan Stock Exchange (PSX) crashed shortly after Shehbaz Sharif's government announced a 10 per cent tax on large-scale industries, a measure he promised will help save the country from bankruptcy.
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India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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Delhi: CBI books private packaging company for bank fraud; searches underw
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The Central Bureau of Investigation (CBI) on Friday registered an FIR against a Delhi-based packaging company for allegedly defrauding a consortium of banks.
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Sensex rises 349 points; banking, infra stocks climb
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Indian stock markets key indices, Sensex and Nifty, were trading with a gain of around 0.7 per cent in the afternoon session on Friday led by good buying support in banking, financial and infra stocks.
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RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI appoints former SBI official Chalasani in advisory committee of Srei G
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 23 (ANI): The Reserve Bank of India (RBI) on Thursday appointed former State Bank of India official Venkat Nageswar Chalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
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Turkish firms file complaint against Pakistan in World Bank over 'mismanag
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 23 (ANI): Two Turkish firms have filed a complaint in the International Centre for Settlement of Investment Disputes (ICSID), which is a part of the World Bank Group, seeking USD 230 million against Pakistan under the strong claims of "mismanagement by the previous
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Cooperatives necessary for welfare of common populace: Amit Shah
Updated : 3 years, 9 months ago IST
New Delhi [India], June 23 (ANI): Union Minister for Home Affairs and Cooperation Amit Shah on Thursday emphasised the existence of cooperatives for the welfare of the common populace of the society.
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Pakistan left with no choice but to accept IMF-dictated budget: Minister
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 23 (ANI): Pakistan Federal Minister for Climate Change Sherry Rehman on Wednesday accused the Imran Khan's policies of bringing the country on the verge of bankruptcy and said that they are left with no choice but to accept the budget on the terms of International
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