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ECONOMY
RBI, Bank Indonesia sign pact for bilateral transactions in local currencies
Mumbai: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a memorandum of understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian…
Jeff Bezos overtakes Elon Musk as world’s richest person
New Delhi: Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index.
As per the latest figures, the Amazon founder’s net worth is $200 billion,…
India a sweet spot for Dutch firms to invest in semiconductors: Report
New Delhi: As India embarks on its semiconductor journey, it is offering immense opportunities for Dutch companies to invest and examine chances for collaborative R&D efforts between the two nations, a new report said on Tuesday.…
22 industrial projects worth over Rs 4,000 crore with 25,000 job potential get approval in Odisha
Bhubaneswar: The State Level Single Window Clearance Authority (SLSWCA), headed by Chief Secretary Pradeep Kumar Jena, today approved 22 industrial projects worth Rs 4,066.71 crore in Odisha.
The SLSWCA, in its 129th meeting, approved…
Interoperable payment system for Net banking to be launched this year: RBI chief
Mumbai: RBI Governor Shaktikanta Das on Monday said that the interoperable payment system for internet banking is expected to be launched this year to facilitate quicker settlement of funds for merchants.
He said that the RBI has given…
Scindia inaugurates India’s first Green Hydrogen plant in stainless steel sector
New Delhi: Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India's first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar.
The project is the…
IBM expands Technology Expert Labs in India to boost adoption of genAI
New Delhi: Tech major IBM on Monday announced the expansion of its Technology Expert Labs capacity in India to accelerate the adoption of generative artificial intelligence (genAI) and key technologies.
Located in Bengaluru and Kochi,…
‘India has eliminated extreme poverty,’ claims US think-tank; says ‘decline in 11…
New Delhi: India has eliminated extreme poverty and is now ‘eligible’ to move to a higher poverty line, claimed Brookings, a US-based think-tank, in its report.
Citing a comprehensive set of data, it said that the country has registered…
97.62 pc of Rs 2000 banknotes returned to banking system: RBI
Mumbai: The Reserve Bank of India (RBI) said on Friday that nearly 97.62 per cent of the Rs 2000 banknotes in circulation have been returned to the banking system.
According to RBI, the total value of Rs 2000 banknotes in circulation,…
Sensex jumps more than 1,000 points on impressive GDP numbers
New Delhi: BSE Sensex jumped more than 1,000 points on Friday reacting to India’s impressive GDP numbers.
Sensex was trading up by 1045.99 points up by 1.44 per cent at 73,549.64 points.
Metal stocks are top gainers with Tata Steel,…