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…

Factors leading to rise in inflation in India

Mumbai (IANS) India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices due to disruption in the supply chain after the start…

Indian auto industry accelerating, shows robust July numbers

Chennai (IANS) The Indian automobile industry has posted robust growth last month with passenger/commercial vehicles and two-wheelers logging growth while the tractor segment lagged behind.

Passenger car majors clocked total sales of over 3.43…

Mega 5G spectrum ends with over Rs 1.5L cr in bids, Reliance Jio leads

New Delhi (IANS) Led by Reliance Jio, the mega 5G spectrum auction ended on Monday after receiving record bids worth over Rs 1.5 lakh crore in 40 rounds spanning across seven days.

5G airwaves worth Rs 1,50,173 crore has been sold so far and…

PC shipments, chip sales growth face record slump this year: Report

New Delhi (IANS) Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales from PCs are likely to decline 5.4 per cent, according to Gartner.

PC shipments are…