Fintech

Digital Currency to Soon Become Reality in India: RBI

The Reserve Bank of India is working toward a “phased implementation strategy” of a Central Bank Digital Currency (CBDC), RBI deputy governor...

Explained: Curbs on foreign card firms

Over the problem of storing data in India, the Reserve Bank of India has blocked three foreign card payment network providers —...

RBI has imposed restrictions on Mastercard Asia

Strict ban on adding new customers to MasterCard from July 22 The Reserve Bank of India (RBI) took major...

CCI approves for SoftBank’s $450-million investment in Swiggy

CCI approves forSoftBank’s $450-million investment in Swiggy SoftBank is looking to invest $450 million in Swiggy in a deal...

The Reserve Bank of India has asked banks to send key personnel on a 10-day surprise leave

The Reserve Bank of India (RBI) has instructed banks to send essential workers on mandatory surprise leaves for a minimum of 10...

Softbank plans to invest $200 million in Indian online pharmacy PharmaEasy

Japanese investment behemoth SoftBank is in talks to invest about $150-200 million in API Holidingspvt, the parent company pharmaEasy.

The Reserve Bank of India has fined 14 banks for breaking rules

The Reserve Bank of India has imposed penalties on 14 banks for failing to follow key requirements of RBI directives. The RBI...

“The second wave slowed the recovery, but economic activity is currently on the rise.” – R.B.I

MUMBAI: The pandemic's second wave has slowed recovery, but with cases fading quickly, economic activity has increased since May, said RBI Governor...

India’s new bad bank faces a $27 billion debt mountain

A bad bank slated to open this month in India could help lower one of the world's worst bad-loan piles, but market...

Latest articles

HMD Global Launches Nokia C32: Fashionable Design, Powerful Imaging, and Android 13!

HMD Global, the leading manufacturer of Nokia phones, has announced the launch of the Nokia C32, the latest addition to the popular...

Indian govt likely to reopen semiconductor application worth $10 billion to attract global chip companies

A day after India's IT Minister Ashwini Vaishnaw interacted with the leadership team of  Semiconductor Equipment and Materials International (SEMI), which is the...

Gautam Adani Climbs to Top 20 on Billionaires List with a Net Worth of $64.2 Billion

Indian business tycoon Gautam Adani, chairman of the Adani Group, has achieved a significant milestone by reentering the top 20 on the...

Informal surveys showed that Rs 2,000 banknotes were not commonly used: RBI Governor Das

“Purpose of Rs 2000 was fulfilled,” said the Governor, further adding that the entire process of withdrawal of Rs 2,000 notes would...