Tag: India

Electric Vehicles Industry in India Unanimous on Subsidy Phaseout In a recent meeting with commerce minister Piyush Goyal, all sections of the electric vehicle (EV) industry in India have come to a unanimous agreement that...

Impact of Post-Festival Slowdown on Q3 Growth: Economists Mumbai: Economists are warning of a potential slowdown in growth for the third quarter following a post-festival moderation, based on recent economic reports. The initial spike in...

The financial landscape for senior citizens over 80 has seen a significant shift as State Bank of India (SBI) and HDFC Bank have recently announced new fixed deposit rates. These changes have sparked interest...

The Indian Rupee has hit a record low against the US Dollar, closing at 85.77 on Friday, marking its ninth consecutive week of losses. This decline is attributed to the weakening of the Chinese...

India's Foreign Exchange Reserves Drop to $640.27 Billion: A Closer Look In a recent update from the Reserve Bank of India (RBI) on Friday, it was reported that India's foreign exchange reserves took a significant...

Vivek Oberoi's Financial Success Bollywood actor Vivek Oberoi has made headlines for his impressive financial success, boasting a net worth of Rs 1,200 crore. This places him among the wealthiest entertainers in India, surpassing industry...

Impact of Digilocker Outage on Customer Onboarding at Stockbrokers Digilocker, the government-operated digital repository for Indian citizens' documents, experienced a significant outage starting from January 1, causing severe disruptions in customer verification processes for stockbrokers....

Ketan Parekh Barred from Market by Sebi - A Closer Look at the Latest Developments MUMBAI - In a shocking turn of events, Ketan Parekh, the once-notorious market operator, has found himself back in the...

Unified Payments Interface (UPI) Transactions Reach Record 16.73 Billion in December: NPCI Report In a groundbreaking development, the National Payments Corporation of India (NPCI) has reported a significant surge in Unified Payments Interface (UPI) transactions...

Government Urged to Increase Capital Expenditure for Economic Growth A recent report from financial services firm Jefferies has highlighted the importance of the government increasing capital expenditure (capex) by 10-12 per cent in the upcoming...