Business
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PM says dedicated banking units to strengthen financial inclusion
New Delhi: Prime Minister Narendra Modi on Sunday dedicated 75 digital banking units (DBUs) across the 75 districts to the nation through video conferencing, stating that it will further financial inclusion and…
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5G services to be rolled out in Odisha by March 2023: Vaishnaw
Bhubaneswar: High-speed 5G services will be rolled out in a few big cities of Odisha by March 2023, Union IT Minister Ashwini Vaishnaw said here on Sunday. Speaking to media persons here,…
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Oppn slams Sitharaman’s remark that rupee has not weakened
New Delhi: Opposition parties on Sunday slammed Finance Minister Nirmala Sitharaman’s remark that rupee has not weakened but it is the dollar that has strengthened, saying she cannot hide the failure of…
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Kia union approves tentative 2022 wage deal amid chip shortage
Seoul: Unionised workers at Kia have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company has said. Kia’s 30,000-strong union tentatively accepted the…
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Nirmala Sitharaman meets EU Economy Commissioner, discusses India’s G20 presidency
Washington, Oct 14 (IANS) Finance Minister Nirmala Sitharaman on Friday met Paolo Gentiloni, Commissioner of Economy at EU Commission, on the sidelines of IMF-WBG Annual Meetings here. Both the leaders discussed issues…
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Gold falls Rs 261; silver declines Rs 692
New Delhi: Gold price fell by Rs 261 to Rs 51,098 per 10 grams in the national capital on Friday amid a decline in the prices of yellow metal in the international…
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Rupee rises 5 paise to close at 82.19 against US dollar
Mumbai: The rupee reversed intra-day losses and closed 5 paise higher at 82.19 against the US dollar on Friday amid a firm greenback overseas and sliding crude oil prices. At the interbank…
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Sensex zooms amid global rebound; closes slightly lower for the week
Mumbai: Equity benchmarks Sensex and Nifty ratcheted higher on Friday, boosted by heavy buying in Infosys, banking and finance stocks amid a rally in global stock markets. After soaring nearly 1,200 points…
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World dangerously close to recession, warns World Bank President
Washington: World Bank President David Malpass on Thursday warned that the global economy is “dangerously close” to a recession and called for targeted support for the poor. “The growth rate, we’ve lowered…
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Forex reserves rise USD 204 mn to USD 532.868 bn
Mumbai: India’s forex reserves rose by USD 204 million to USD 532.868 billion for the week ended October 7 on an increase in the value of gold holdings, the Reserve Bank said…
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Bharat Biotech evinces interest to invest in Karnataka
Bengaluru: Covaxin maker Dr. Krishna M. Ella has evinced interest in investing in Karnataka. Ella, Chairman and MD of Bharat Biotech, which produces Covaxin, met state Minister for Large and Medium Industries…
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Microsoft introduces 4 tools to empower creators
San Francisco: As the content creators’ economy grows, Microsoft has launched four new practical tools for content creators to unleash their creativity. The new tools are called Microsoft Designer, Microsoft Clipchamp, Microsoft…
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PhonePe enables Online Dispute Resolution (ODR) platform for UPI
Bengaluru: India’s leading FinTech platform PhonePe on Friday announced the enablement of the UPI Unified Dispute and Issue Resolution (UDIR) system. This has led to a significant improvement in the dispute resolution…
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Markets rebound sharply amid heavy buying in IT stocks, firm global trends
Mumbai: Equity benchmark Sensex jumped 1,087 points in early trade on Friday helped by heavy buying in IT counters and rally in global stock markets. The 30-share BSE index was trading 1,087.14…
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Global economy faces confluence of challenges: Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman said that the global economy today faces a confluence of challenges and it is everybody’s collective responsibility to prevent the risks from aggravating. While addressing…
