Only legal loan apps to be hosted on app stores, says Centre

New Delhi (IANS) The Reserve Bank of India (RBI) will prepare a "whitelist" of all the legal apps and the Union Ministry of Electronics and Information Technology will ensure that only these "whitelist" apps are hosted on app stores.

This decision…

Rupee has held its own despite sharp depreciation in other currencies: RBI Governor

New Delhi (IANS) Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell's Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that…

Air India 'kicks off' direct flights to Doha from key cities as Qatar prepares to host football extravaganza

New Delhi (IANS) Air India on Thursday announced the introduction of 20 new flights per week to Qatar from key Indian cities. The added capacity will cater to the surge in demand expected around the football extravaganza in Qatar scheduled in November…

Inflation not 'red lettered' priority: Sitharaman

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Wednesday said that inflation is not a "red lettered" priority as it has cooled down in the last few weeks.

Addressing the India Ideas Summit, she said that the Centre's priority…

Rupee ends 7 paise down at 79.90 against US dollar

Mumbai (IANS) The Indian rupee ended 7 paise down at 79.90 against the US dollar on Wednesday.

At Interbank foreign exchange market, rupee ended at 79.90, as against 79.83 earlier, vis-a-vis the US dollar.

"Rupee traded weak compared…

Moody's retains India's sovereign credit ratings

Mumbai (IANS) The impact of the Russia-Ukraine conflict, higher inflation and tightening global financial conditions on the back of policy tightening, is unlikely to derail India's ongoing recovery from the pandemic in 2022 and 2023, Moody's…

SBI to raise up to Rs 7,000 cr via Basel-III AT1 bonds

Mumbai (IANS) State Bank of India (SBI) plans to raise up to Rs 7,000 crore, which includes Rs 5,000 crore in greenshoe through Basel-III Additional Tier-I bonds, market participants said.

Bidding for the bonds will take place on Wednesday…

HAL-L&T consortium bags Rs 860 crore contract for PSLV

Bengaluru (IANS) HAL-L&T consortium has bagged Rs 860 crore contract for end-to-end realisation of five Polar Satellite Launch Vehicles (PSLV) over a period of four years from the NewsSpace India Limited (NSIL).

The contract was exchanged on…

Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories

New Delhi (IANS) Reliance Retail (RR) has begun appointing super-stockists to distribute its private label products in multiple FMCG categories, Kotak Securities said in a report.

Reliance Retail already has a wide range of private labels across…

ED raids at independent merchants, frozen funds don't belong to company: Paytm

New Delhi (IANS) Fintech major Paytm on Sunday said that the search operations by the Enforcement Directorate (ED) at six different locations in Bengaluru were carried out on merchants which were independent entities, and none of them were Paytm's…