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Tag: Business

93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI

Posted on September 1, 2023 By admin
93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI

RBI had announced the withdrawal of Rs 2000 banknotes from circulation on May 19. Mumbai: The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 — the day when the currency was withdrawn from circulation — have been returned to…

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Business

Global Agency Moody’s Raises India’s Growth Forecast To 6.7 Per Cent For 2023

Posted on September 1, 2023 By admin
Global Agency Moody’s Raises India’s Growth Forecast To 6.7 Per Cent For 2023

Moody’s Investors Service today raised India’s growth projection for 2023 calendar year to 6.7% New Delhi: Moody’s Investors Service today raised India’s growth projection for 2023 calendar year to 6.7 per cent on account of robust economic momentum. “Strong services expansion and capital expenditures propelled India’s 7.8 per cent real GDP growth in the second…

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Business

Chief Economic Adviser V Anantha Nageswaran’s Prediction On India’s GDP Growth, Fiscal Deficit

Posted on August 31, 2023 By admin
Chief Economic Adviser V Anantha Nageswaran’s Prediction On India’s GDP Growth, Fiscal Deficit

The Chief Economic Advisor was briefing media following the release of first quarter GDP numbers. (File) New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in…

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Business

RBI Authorises Bandhan Bank For Disbursing Civil Pension

Posted on August 29, 2023 By admin
RBI Authorises Bandhan Bank For Disbursing Civil Pension

New Delhi: Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the…

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Business

In Mega Push, Mukesh Ambani’s Jio Guarantees “AI To Everyone, Everywhere”

Posted on August 28, 2023 By admin
In Mega Push, Mukesh Ambani’s Jio Guarantees “AI To Everyone, Everywhere”

Unutilized Delhi: Jio Platforms is raring to manage efforts in creating Republic of India-specific AI fashions and AI-powered answers throughout domain names, handing over the good thing about this new-age era to Indian voters, companies and executive, RIL Chairman Mukesh Ambani mentioned on Monday promising “AI to everyone, everwhere”. Terming Synthetic Perception (AI) as probably…

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Business

Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman

Posted on August 25, 2023 By admin
Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said the government’s top priority is to tame inflation (File) New Delhi: Finance Minister Nirmala Sitharaman today said the government’s top priority is to tame inflation to ensure sustained economic growth. Addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII), the minister said the GDP numbers…

Read More “Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman” »

Business

CBI Charges Visa Power For Bank Fraud Of Rs 1,964 Crore: Report

Posted on August 24, 2023 By admin
CBI Charges Visa Power For Bank Fraud Of Rs 1,964 Crore: Report

CBI has registered an FIR against Visa Power and its then chairman Vishambhar Saran. New Delhi: The CBI has registered an FIR against Visa Power and its then chairman Vishambhar Saran in connection with an alleged bank fraud of Rs 1,964 crore, officials told Press Trust of India on Thursday. The action of the agency…

Read More “CBI Charges Visa Power For Bank Fraud Of Rs 1,964 Crore: Report” »

Business

Qatar Investment Authority To Invest Rs 8,278 Crore In Reliance Retail

Posted on August 23, 2023 By admin
Qatar Investment Authority To Invest Rs 8,278 Crore In Reliance Retail

Qatar Investment Authority will invest Rs 8,278 crore in Reliance Retail. New Delhi: Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). “This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore,”…

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Business

Sensex Rises 145 Points In Early Trade After 2 Days Of Decline

Posted on August 21, 2023 By admin
Sensex Rises 145 Points In Early Trade After 2 Days Of Decline

The 30-share BSE Sensex climbed 145.44 points to 65,094.10 in early trade. (File) Mumbai: Equity benchmark indices rebounded in early trade on Monday after two days of decline amid mixed global market trends. The 30-share BSE Sensex climbed 145.44 points to 65,094.10 in early trade. The NSE Nifty gained 45.05 points to 19,355.20. From the…

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Business

India’s ONGC Videsh Secures 3-Year Extension To Explore South China Sea

Posted on August 19, 2023 By admin
India’s ONGC Videsh Secures 3-Year Extension To Explore South China Sea

ONGC Videsh is the overseas investment arm of India’s top oil explorer Oil and Natural Gas Corp. Mumbai: Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore ‘Block 128’ in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter. Conflicting territorial…

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