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After 10 straight weekly fall, India's forex reserves rise by USD 4.23 bil
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 28 (ANI): Snapping 10 consecutive weeks of decline, India's foreign exchange (forex) reserves rose by USD 4.23 billion to USD 597.509 billion for the week ended May 20, the Reserve Bank of India (RBI) data showed.
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Piyush Goyal in roundtable with UK investors pitches for 'Make in India fo
Updated : 3 years, 9 months ago IST
London [UK], May 28 (ANI): Union Minister for Commerce and Industry, Piyush Goyal, who is on a visit to the UK, addressed a sectoral roundtable of Investors, including Fintech, Venture capital funds and Banks in London and explained to them, how with 'Make in India for the World', UK busines
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RBI to adopt graded approach to introduce digital currency
Updated : 3 years, 9 months ago IST
New Delhi [India], May 28 (ANI): The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of cu
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Addressing supply-side bottlenecks, capital spending key to improve GDP gr
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 27 (ANI): India's economic growth recovery has lost some momentum due to the Russia-Ukraine conflict and performance in the near future will depend on the reform measures like addressing the supply-side bottlenecks to control inflation and capital spending,
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Sensex gains for 2nd day, surges 632 points; IT, banking, capital goods st
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 27 (ANI): The Indian stock markets' key indices, Sensex and Nifty, rallied by more than one per cent on Friday, led by strong buying support in IT, banking and capital goods stocks.
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Sensex rises 567 points; IT, banking, capital goods stocks surge
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 27 (ANI): The Indian stock markets' key indices, Sensex and Nifty, were trading with a gain of around one per cent in the afternoon session on Friday, led by strong buying support in IT, banking and capital goods stocks.
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PayU launches Checkout for Bharat in 7 regional languages for merchants pa
Updated : 3 years, 9 months ago IST
New Delhi [India], May 27 (ANI/PR Newswire): PayU has launched Checkout for Bharat today, which offers payment flow and checkout in major Indian languages. With this feature, merchants can offer customers a localized shopping experience in Hindi, Gujarati, Bengali, Marathi, Telugu, Tamil, an
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Russian Central Bank Reduces Key Rate From 14 per cent to 11 per cent per
Updated : 3 years, 9 months ago IST
Moscow [Russia], May 26 (ANI/Sputnik): The Russian Central Bank decreased the key rate from 14 pre cent to 11 per cent on Thursday.
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Int'l investors perceive Pakistan as country with high debt default risk
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], May 26 (ANI): Pakistan is now perceived by the International investors as a country with high default risk at a time when the foreign exchange reserves by the State Bank of Pakistan (SBP) are down from USD 20 billion in August 2021 to USD 10.1 billion in nine months.
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India's GDP growth likely to be 8.2-8.5 per cent in FY22: SBI report
Updated : 3 years, 9 months ago IST
New Delhi [India], May 26 (ANI): India's Gross Domestic Product (GDP) growth is expected to be in the range of 8.2 to 8.5 per cent in the FY22, according to State Bank of India's research report Ecowrap.
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Negotiation is on to import cheaper oil from Russia: Finance Ministry sour
Updated : 3 years, 9 months ago IST
New Delhi [India], May 25 (ANI): India is in discussion and exploring the possibilities to buy cheaper oil from Russia using the Rupee-Rouble mechanism, Finance Ministry sources said on Wednesday.
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RBI cancels registration of five NBFCs due to irregular lending practices
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 25 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the Certificate of Registration (CoR) of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices.
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