[ad_1] The Reserve Bank of India (RBI) on Tuesday announced a $5 billion USD/INR buy-sell swap auction scheduled for May 26 as part of efforts to inject long-term liquidity into the banking system, PTI reported. The move also comes at a time when the rupee has weakened sharply against the US dollar amid continued global…
[ad_1] Toffee became the talk of the town when Prime minister Narendra Modi gifted Melody toffees to Italian counterpart Giorgia Meloni during his Italy. The visit has brought fresh attention to India’s toffees sector with Commerce and Industry minister Piyush Goyal on Wednesday highlighting that the country’s toffee exports have climbed 166 per cent over…
[ad_1] Mumbai: Skydo, a cross-border payments platform for Indian exporters/businesses, is among the first to receive in-principle approval to operate as a cross-border Payment Service Provider at GIFT City IFSC.The GIFT City presence plugs Skydo into a globally-aligned finance hub built for cross-border flows. It unlocks build-for-global infra/products tailored to firms selling, buying, operating abroad….
[ad_1] Mumbai: Indian bank branches continue to draw their heaviest footfall from entrepreneurs, rural customers and affluent clients, while younger, digital-native users remain the least likely to walk in, according to a report by EY, which also noted that 55% of customers want better digital support across apps, websites and chatbots.The report finds that middle-age…
[ad_1] China has signalled that it is willing to accept a certain level of US tariffs while pushing for an extension of the ongoing trade truce with Washington, a move that could indicate further stabilisation in ties between the world’s two largest economies, Bloomberg reported.According to a statement issued by China’s Commerce Ministry on Wednesday,…
[ad_1] The Comptroller and Auditor General (CAG) is developing a large language model (LLM) platform and deploying artificial intelligence (AI) and machine learning (ML) tools to strengthen public sector auditing, improve risk detection and enable faster identification of procurement concentration and cartel-risk indicators, PTI reported.Comptroller and Auditor General K Sanjay Murthy on Wednesday said the…
[ad_1] In US, single Gen Z women are buying homes at a significantly higher rate than their male counterparts even as overall first-time homebuying activity has fallen to its lowest level in decades, according to survey data from the National Association of Realtors (NAR) as reported AP.Single Gen Z women accounted for 35 per cent…
[ad_1] Parle Industries shares surged 5% on Tuesday and hit the upper circuit limit. During intraday trading on the BSE, the stock advanced 5% to Rs 5.25 as investors appeared to respond to the viral “Melody” exchange involving PM Narendra Modi and Italian Prime Minister Giorgia Meloni. However, interestingly the listed company that witnessed the…
[ad_1] NEW DELHI: India is preparing to send ships through the strategically vital Strait of Hormuz to secure crude oil and energy cargoes from Middle Eastern suppliers as disruptions caused by the Iran war continue to strain global energy markets, according to a Bloomberg report citing people familiar with the matter.The report said the plans…
[ad_1] Indigenous bullet train at 350 kmph! Railway Minister Ashwini Vaishnaw on Tuesday said India’s next-generation bullet train is being planned with a top speed of 350 kilometres per hour. He added that work on the train’s design is expected to commence within the next six months.The 508-kilometre Mumbai-Ahmedabad High-Speed Rail Corridor, launched in 2016,…
