Economy

Mumbai: The Reserve Bank of India (RBI) assured IndusInd Bank depositors of its financial stability following recent speculation about its financial health. The central bank confirmed that the bank remains well-capitalised and there is…
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Mumbai: The Reserve Bank of India has won the Digital Transformation Award 2025, instituted by Central Banking, London. The RBI has been selected for the award for rolling out digital initiatives, including Pravaah and Sarthi systems,…
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Seoul: Samsung SDI Co., South Korea's second-biggest battery maker, said it will raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader growth strategy. Its board of directors approved the capital increase aimed…
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Seoul: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul. Since leading Kia from 2020,…
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New Delhi:  India has taken the lead in providing finance to renewable energy projects by including them in “priority sector lending” to accelerate the country’s transition to a low carbon economy in the fight against climate change.…
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New Delhi: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3.10 lakh on JM Financial Products Limited over non-compliance. The penalty was imposed for not complying with certain provisions of the ‘Master Direction -…
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New Delhi: The 5G services, rolled out in all states and Union Territories, are presently available in 773 out of 776 districts in the country including Lakshadweep, the government informed the Parliament on Wednesday. As on February 28,…
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New Delhi:  As Airtel announced a partnership with Elon Musk’s SpaceX to bring its affordable satellite internet service to India, Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, said on Wednesday that a new era of seamless…
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Mumbai: Showcasing the resilience of the Indian investors, systematic investment plans (SIPs) saw a strong surge in the financial year 2024-25, with contributions reaching Rs 2,63,426 crore (April-February), according to data from the…
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New Delhi:  India’s inflation fell to 4.31 per cent in January from 5.22 per cent, approaching the RBI’s 4 per cent target after four months above 5 per cent and this trend reinforces the case for potential rate cuts, with the repo rate…
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