Mumbai: The RBI Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found serious deficiencies in the lender's IT risk management. These actions, the RBI said, are...
New Delhi: Prime Minister Narendra Modi has taken 400 million (40 crore) people out of poverty and is doing an “unbelievable job” in India, Global banking giant JP Morgan Chase chief executive officer (CEO) Jamie Dimon has said. Speaking at an event hosted by the...
New Delhi: The country's agriculture exports declined by 8.8 per cent to $43.7 billion during April-February period of 2023-24 fiscal due to factors like the Red Sea crisis, Russia-Ukraine war, and domestic restrictions imposed on critical items like rice, wheat, sugar and onion. According to...
New Delhi: India was the fourth largest military spender globally in 2023 with an expenditure of $83.6 billion, behind the US, China and Russia, according to a report by an independent international think-tank. The report by Stockholm International Peace Research Institute (SIPRI) shared on its...
New Delhi: India leads globally in adopting GenAI technologies as a vast percentage of organisations incorporate GenAI in operations, and a majority of the populace expects increased investments and budget allocations towards Gen AI in the next two-three years, according to a recent report. Search...
Mumbai: Conditions are shaping up for an extension of a trend upshift in real GDP growth in India, though extreme weather events along with prolonged geo-political tensions may pose a risk to inflation, said the RBI's April Bulletin released Tuesday. The retail inflation based on...
Bhubaneswar: The Indian overseas community faces the significant challenge of managing their finances across borders. Living away from their homeland, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) often find themselves navigating through a complex maze of financial management, especially when it comes to...
New Delhi: Equity benchmark indices Sensex and Nifty closed higher for the third session in a row Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. After rallying over 400 points, the 30-share BSE Sensex ended...
New Delhi: The government Tuesday said it received bids from seven companies including Reliance Industries and JSW Neo Energy for production-linked incentives to set up battery manufacturing facilities of 10 GWh capacity with an outlay of Rs 3,620 crore. The other bidders on the list...
New Delhi: Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released Tuesday. The joint report by research organisation, Institute for Energy...
One of the key indicators of the health of an economy is the size of its middle class. A burgeoning...
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Let us discuss what is called merit. The British middle class is 60 per cent of the population. The working...
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The Election Commission of India (ECI) has taken two very different stands in handling police appointments in the poll-bound states...
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On paper the BRICS summit being held in Kazan, Russia, from 22 October to 24 October aims at strengthening multilateralism...
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