India's Central Bank RBI Starts Digital Currency Pilot With 4 Banks: Report

India's Central Bank RBI Starts...

The Reserve Bank of India (RBI), the country’s central bank, has...

Rupee ends 4 paise up at 79.84 against US dollar

The Indian rupee ended 4 paise up at 79.84 against US dollar on Monday. At Interbank foreign exchange market, rupee ended at 79.84 as against 79.80 against...

India's external debt of $620bn is sustainable: Finance...

​India's external debt of $620.7 billion, as at end of March 2022, is sustainable and is being managed in a prudent manner, the Department of Economic...

Niti Aayog in two minds on PMGKAY extension

​Though the government has not yet taken any decision on extending the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) beyond its September 30 deadline, its think tank Niti Aayog is said to be of the view that the scheme should not be continu...

Moody's cuts India's 2022 GDP growth forecast

Moody's Investors Service expects India's GDP growth to slow from 8.3% in 2021 to 7.7% in 2022 and to decelerate further to 5.2% in 2023. In March, Moody's had forecast that India's economy could expand at 8.8% in 2022.

Mukesh Ambani outlines Next-Gen leadership roles at Reliance Industries

Mukesh Ambani outlines Next-Gen leadership roles at...

The 45th annual general meeting of Reliance Industries Limited (RIL) has...

JP Morgan India arm signs lease pact for 1.16 million sq ft office space in Mumbai

JP Morgan India arm signs lease pact for 1.16 million sq...

US financial services major JP Morgan has picked up over 1.16 million sq ft...

Credit growth outpaced deposit growth of banks in June: RBI

Credit growth outpaced deposit growth of banks in June: RBI

​Credit growth outpaced deposit growth for commercial banks in June,...

RBI lifts business curbs imposed on American Express Banking Corp

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release.

TCS to introduce 100% variable pay for employees

​Days after reports surfaced that information technology (IT) firm Tata Consultancy Services (TCS) had delayed the June variable compensation payout by a month for some employees, the country’s largest IT firm said on Tuesday it will pay...

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