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RBI said the relevant provisions have been amended. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has decided to enable UPI payments from/to full-KYC Prepaid Payment Instruments (PPIs) through third-party UPI applications as per it’s previous announcement made in the Statement on Development and Regulatory Policies dated April 5, 2024. “This will enable PPI holders to … Read more

Ahmedabad, May 02 (ANI): Adani Ports and Special Economic Zone reported that its Profit After Tax or net profits during the just-concluded financial year 2023-24 grew by a whopping 50 per cent to Rs 8,104 crore, on Thursday. | Photo Credit: ANI Adani Ports and Special Economic Zone Limited (APSEZ) said it has placed an … Read more

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, … Read more

Air India will see progress on various key initiatives, including refitting of wide body and narrow body planes, in 2025 as well as tighten practices and processes to ultimately become profitable, the airline’s chief Campbell Wilson said on Friday (December 27, 2024). After taking over the loss-making Air India from the Government in January 2022, … Read more

RBI Governor Sanjay Malhotra. File | Photo Credit: PTI Manmohan Singh’s contributions as the architect of India’s economic reforms have left an indelible mark, RBI Governor Sanjay Malhotra said on Friday (December 27, 2024) as he paid tribute to the departed soul. Dr. Singh, the former Prime Minister and Finance Minister, also served as the … Read more

High employee attrition rates across select private sector banks (PVBs) and small finance banks (SFBs) which has increased sharply over the last three years, with average attrition rate of around 25% has caused concern with banking regulator the Reserve Bank of India (RBI) asking lenders to prevent this. “The total number of employees of PVBs … Read more

Image used for representative purpose only. | Photo Credit: Nagara Gopal Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumisation, and expects ₹11,500 crore revenue in 2025, its President N.S. Satish said on Thursday. Besides, the … Read more

A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. | Photo Credit: Reuters The Finance Ministry on Thursday (December 26, 2024) said the “combination of monetary policy stance and macroprudential measures by the central bank may have contributed to the demand slowdown” in the economy — remarks that come two … Read more

Image used for representative purpose only. | Photo Credit: istock Housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches, while sales in value terms are up 16% to ₹5.68 lakh crore, according to Anarock. Average housing prices grew 21% this year … Read more

Finance Minister Manmohan Singh on his way to Parliament to present the Budget on July 24, 1991. | Photo Credit: The Hindu Archives Less than a month after he took over as India’s 22nd Finance Minister, Manmohan Singh presented a Union Budget in July 1991, that changed the country’s economic trajectory with some of the … Read more