New Delhi, Apr 9 (UNI) The industry on Wednesday hailed the RBI’s decision to cut key rate by 25 basis points from 6.25 percent to 6 percent saying this will support economic growth amid the escalating global tariff war. Shikhar Aggarwal, Chairman, BLS E-Services, said “The Reserve Bank of India (RBI) has cut the repo…
Mumbai, Apr 9 (UNI) Delivering second straight cut in key interest rate in the wake of softening retail inflation, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Wednesday decided to cut policy repo rate by 25 basis points to 6% with immediate effect. “After a detailed assessment of the evolving macroeconomic and…
Mumbai, Apr 9 (UNI) Delivering second straight cut in key interest rate in the wake of softening retail inflation, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Wednesday decided to cut policy repo rate by 25 basis points to 6 per cent with immediate effect. “After a detailed assessment of the evolving…
New Delhi, (UNI) The government on Tuesday said that it was committed to continued reforms, maintaining macroeconomic stability and ensuring that growth benefits every section of the society. Addressing the audience during a fireside chat on the ‘Opportunities and challenges for India’s quest to become a developed economy by 2047’, at India House, London, today,…
Mumbai, Apr 8 (UNI) Ambani Mukesh owned NBFC Jio Finance Limited (JFL) on Tuesday said it has introduced fully digital Loan Against Securities (LAS) of up to Rs one crore for its customers. The LAS offering from JFL is a secured lending product that allows customers to leverage their investments, such as shares and mutual…
Mumbai, Apr 8 (UNI) Battered Indian stock market on Tuesday rebounded with the BSE Sensex recovering nearly 1,090 points and the Nifty ending above 22,500 due to several factors such as positive global cues, easing of trade war fears and anticipated rate cut by the Reserve Bank of India in its policy decision tomorrow. The…
New Delhi, Apr 8 (UNI) Beleaguered telecom mobile operator Vodafone Idea Limited (VIL) on Tuesday allotted 3,695 crore shares to the government as against the restructuring of the company’s debt payable for spectrum dues. This will result in Government’s share going up to 48.99 per cent in the private mobile operator, VIL said in a…
Kolkata, Apr 07 (UNI) Axis Bank has introduced an industry-first ‘In-App Mobile OTP’ feature on its mobile app, ‘open’, to enhance authentication security and protect customers from rising OTP-related frauds and scams. This innovative feature eliminates dependence on telecom networks by generating time-based one-time passwords (TOTP) directly within the app, instead of sending OTPs via…
Mumbai, Apr 7 (UNI) The equity market crashed on Monday as the BSE Sensex slumped 2226.79 pts to settle at 73,137.90 amid global tariff tension and growing recession concerns in the US. The National Stock Exchange (NSE) fell 742.85 pts at 22,161.60. The day opened on a negative note at 71,449.94, falling 3915 pts. During…
Mumbai, Apr 7 (UNI) The rupee on Monday dropped 60 paise to close at 85.84 against USD, on brisk selling of US dollars from foreign banks and exporters, dealers at the Forex Market said. The local unit slid 42 paise at 85.65 in the opening session. Till the end of the session, it had slumped…
