‘Govt, RBI in discussion with South Asian nations for cross-border rupee trade’
RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee. He also said the central bank digital currency (CBDC) is in trial phase and the RBI is moving very carefully and cautiously on digital rupee...
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Benchmarks skid for 3rd day as bears tighten grip; end 1st week of 2023 with losses
07 January 2023 | PTI -
Mercedes-Benz will launch 10 new vehicles in India in 2023: Santosh Iyer
06 January 2023 | PTI -
Air India CEO tells staff to report any unruly behaviour
06 January 2023 | PTI -
President dedicates transmission system
06 January 2023 | PNS -
Domestic air passenger traffic grows 15% to 129L in Dec 2022: Report
06 January 2023 | PTI -
Housing sales momentum to sustain in 2023 with likely moderation in inflation: JLL India
06 January 2023 | PTI -
NTPC starts India's first green hydrogen blending operation in PNG network
06 January 2023 | PNS
Elevated coal price a drag on margins of domestic base metal players: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday. In a recent note on the primary base metal industry, ICRA said that the earnings of the industry would continue to...
Sebi extends relaxation for cos' to send hard copies of annual reports to shareholders
Capital markets regulator Sebi on Thursday extended the relaxation to listed companies whereby they will not be required to dispatch physical copies of the annual reports to their shareholders till September this year. Earlier, the regulator had given similar relaxations to listed companies till December 2022. The fresh decision has been...
RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme
Six entities, including HSBC and Creditwatch, have been allowed to test their fintech products to prevent and mitigate financial fraud as part of the fourth cohort under the RBI's regulatory sandbox scheme. Regulatory sandbox refers to the live testing of new products or services in a controlled/test regulatory environment for which...
Sundararaman Ramamurthy takes charge as MD, CEO of BSE
Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of leading stock exchange BSE. In a regulatory filing last year, BSE said that markets regulator Sebi has approved the appointment of Ramamurthy as its Managing Director & Chief Executive Officer. "Sundararaman Ramamurthy has assumed charge as Managing Director and...
Policy to make adoption of Indian Standard Time mandatory on anvil: Govt official
The government is planning to come out with a comprehensive policy for mandatory adoption of Indian Standard Time (IST) nationwide, a senior consumer affairs ministry official said. The purpose is to ensure synchronization of all networks and computers to IST and adoption of IST by Telecom Service Providers, Internet Service Providers,...
Total vehicle retail sales jump 15% to 2.11 cr units in 2022: FADA
Retail sales of overall vehicles in India grew by 15.28 per cent to 2,11,20,441 units in 2022 led by record sales of passenger vehicles and tractors, Federation of Automobile Dealers Associations (FADA) said on Thursday. In 2021, total retail sales of vehicles in India were at 1,83,21,760 units, FADA said in...
Rupee climbs 37 paise to 82.45 against US dollar
Rallying for the second straight session, the rupee jumped 37 paise to close at 82.45 against the US dollar on Thursday amid a weak greenback overseas. Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per barrel also helped the local currency. However, unabated foreign...
