AWS, Intel empower govtech and edtech startups in India

Hyderabad (IANS) Amazon Web Services (AWS) and chip-maker Intel recently hosted the 'CXO Mixer' event here to empower govtech and edtech startups, enabling them in their cloud journey to scale, transform and excel.

The exclusive meet…

India may restrict Chinese mobile players from under Rs 12K market: Report

New Delhi (IANS) The Indian government is reportedly planning to put curbs on China-based smartphone players from selling low-end smartphones (less that Rs 12,000) to give a much-needed boost to homegrown brands like Micromax, Lava, Karbonn and others.

Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Mumbai (IANS) Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

"The likely tenure…

India's agricultural, processed food products exports up by 31%

New Delhi (IANS) Exports of agricultural and processed food products rose by 31 per cent in the first three months of the current financial Year 2022-23 (April-June) in comparison to the corresponding period of FY 2021-22, as per government data.

RBI ups policy rate to 5.40% to contain inflation

Chennai (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.

The policy or the repo rate is the interest rate at which the RBI lends short-term…

ED attaches Rs 105.32 cr bank balances of fintech firms having Chinese links

New Delhi (IANS) The Enforcement Directorate (ED) on Wednesday said that they have attached balances of Rs 105.32 crore, lying in various bank accounts and with payment gateway accounts, of 12 NBFCs, namely Inditrade Fincorp Ltd, Aglow Fintrade Pvt…

42% Indians experienced financial fraud in last 3 years: Report

New Delhi (IANS) While digitisation of payments and banking undoubtedly has benefitted both common people and the government, financial fraud has been on the rise, with nearly 42 per cent of Indians becoming victims in the last three years, a new…

Adani Enterprises, Israel Innovation Authority sign MoU to develop cutting-edge tech solutions

Ahmedabad / Tel Aviv (IANS) Adani Enterprises Ltd (AEL), the business incubation arm of the Adani Group, has signed an MoU with the Israel Innovation Authority (IIA), the premier public-funded agency overseeing Israel's innovation policy, for…

Govt bond yields in India are expected to remain volatile: Churchil Bhatt

Mumbai (IANS) Churchil Bhatt, Executive Vice President, Debt Investments, at Kotak Mahindra Life Insurance Company said that in the near term, government bond yields in India are expected to remain volatile, oscillating between global recession scare…

Domestic investor holding at all time high in June 2022 quarter

New Delhi (IANS) Share of domestic institutional investors (DIIs), which includes domestic mutual funds, insurance companies, banks, financial institutions, pension funds along with retail and High Net-worth Individual (HNI) investors reached an all…