FM to embark on US tour from Apr 10; to attend World Bank Group, IMF meets

New Delhi (IANS) Finance Minister Nirmala Sitharaman will embark on an official visit to the US from April 10, where she will be attending the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF).

She…

India surpasses Rs 85,000 cr worth mobile phone exports in FY23

New Delhi (IANS) The government's push towards local manufacturing of consumer electronics items has helped India cross record more than Rs 85,000 crore in mobile exports in the fiscal year ending March 31, industry data showed on Saturday.

Healthtech platform Practo lays off 41 employees, mostly engineers

New Delhi (IANS) Leading digital healthcare platform Practo has laid off 41 employees, mostly engineers, as part of the company's continuous performance management and planning process, as the funding winter continues.

The layoffs affected…

NPG under PM GatiShakti recommends four infrastructure projects of Railways

New Delhi (IANS) The Network Planning Group (NPG) under PM GatiShakti examined and recommended four infrastructure projects.

During the meeting, four projects by the Railways Ministry were examined by the NPG and recommended. These projects…

Government's Blockchain project to explore potential of Web3

New Delhi(IANS) The government has undertaken a research project in Blockchain technology system, which is aimed at evolving the blockchain technology stack for end-to-end blockchain application development.

According to official sources, the…

One portal to search for unclaimed bank deposits: RBI

Chennai (IANS) In a people-friendly move, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday announced development of a common web portal to search for unclaimed deposits.

According to the Union government, the total of unclaimed…

Unchanged repo rate comes as relief for affordable segment homebuyers

New Delhi (IANS) The RBI's decision to keep the repo rates unchanged on Thursday came as a relief to affordable and mid segment homebuyers who feared a possible rate hike.

Real Estate consultant Anarock termed the unchanged Repo Rates as…

No change in repo rate, GDP projected at 6.5% for FY24

Chennai (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.

The MPC decided to keep the repo rate…

Pre-sanctioned credit lines at banks through UPI: RBI

Chennai (IANS) Expanding the scope of Unified Payments Interface (UPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said pre-sanctioned credit lines at banks through the former will be allowed.

"It is now proposed to…

IT spending in India projected to total $108.5 bn in 2023: Report

New Delhi (IANS) IT spending in India is projected to total $108.5 billion in 2023, while global IT spending is projected to total $4.6 trillion in 2023, an increase of 5.5 per cent from 2022, a new report showed on Thursday.

Despite continued…