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India embarks on clean energy journey amid billions of dollars investments opportunity

Jun 7, 2024

New Delhi, June 7 (IANS) As India begins its ambitious journey to fulfilling at least half of its energy requirements via renewable energy by 2030, the country is set to attract over $500 billion worth investment in clean energy by that time.According to Commerce Secretary Sunil Barthwal, India offers over $500 billion investment opportunities,…

India’s forex reserves at historic high of $651.5 bn, CAD to dip: RBI

Jun 7, 2024

Mumbai, June 7 (IANS) With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January - March quarter of 2023-24, RBI Governor Shaktikanta Das…

Business

Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed

Jun 7, 2024

New Delhi, June 7 (IANS) Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.The total…

Business

Industry hails RBI’s goal to become model central bank for Global South

Jun 7, 2024

New Delhi, June 7 (IANS) Industry experts on Friday hailed the status quo stance of the monetary policy, expecting the inflation trajectory to stabilise within the target band of the Reserve Bank of India (RBI), welcoming its goal to become…

Business

RBI Governor warns banks, NBFCs over slapping extra fees on customers

Jun 7, 2024

Mumbai, June 7 (IANS) RBI Governor Shaktikanta Das on Friday sent a clear message to banks and NBFCs against charging extra fees and high interest rates on loans to customers. “In general, we have observed that guidelines on Key Facts…

Business

Stock markets zoom over RBI’s GDP forecast, Sensex up over 1 pc

Jun 7, 2024

Mumbai, June 7 (IANS) The India stock market extended morning gains after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised India's real GDP forecast to 7.2 per cent for FY25 from earlier 7 per cent.The MPC also…

Business

RBI easing FEMA guidelines to facilitate overseas trade

Jun 7, 2024

Mumbai, June 7 (IANS) Reserve Bank of India (RBI) has decided to rationalise existing guidelines on the export and import of goods and services in line with the changing dynamics of cross-border trade transactions globally. RBI Governor…

Business

RBI setting up Digital Payments Intelligence Platform to reduce risk of fraud

Jun 7, 2024

Mumbai, June 7 (IANS) The Reserve Bank has decided to set up a Digital Payments Intelligence Platform which will harness advanced technologies to reduce payment fraud risks, RBI Governor Shaktikanta Das said on Friday. To take this…

Business

TCS launches GenAI aggregation platform for firms to adopt next-gen tech at scale

Jun 7, 2024

New Delhi, June 7 (IANS) Tata Consultancy Services (TCS) on Friday launched 'AI WisdomNext', a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organisations to…

Business

RBI raises GDP growth forecast for 2024-25 to 7.2 pc, sees CPI inflation at 4.5 pc

Jun 7, 2024

Mumbai, June 7 (IANS) The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), as it expects the economy to continue on a high growth trajectory.However, it has decided to…

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