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Economy

After UPI, RBI will now launch Unified Lending Interface or ULI for friction less credit

Banglore (Karnataka) , August 26 (ANI): The technology platform for providing "frictionless credit" launched by the Reserve Bank of India (RBI) last year as...

AI integration in finance sector unlocks new opportunities: Shaktikanta Das

Banglore (Karnataka) , August 26 (ANI): Integration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of...

Stocks stutter, dollar sags; Nvidia earnings in focus

By Wayne Cole SYDNEY (Reuters) -Major share markets turned hesitant on Monday, while the dollar and bond yields sagged ahead of inflation data that could pave the way for rate cuts in the United

Decline in loan to deposits ratios in banks is because of lower money creation by RBI and substantial increase in banks profits: Nomura

New Delhi , August 26 (ANI): The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by...

Indians buying smaller shampoo packs, less noodles & clothes. What’s halted FMCG sector’s revival

Fast-moving consumer goods companies, most of which derive big share of earnings from rural markets, struggling to meet sales targets. Consumers buying cheaper products, smaller packs.

India’s Digital Public Infrastructure experience provides effective strategy for other central banks: RBI Gov Das

Banglore (Karnataka) , August 26 (ANI): Noting the success of Digital Public Infrastructure (DPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on...

Dollar sinks vs yen, hovers near 2-1/2-year low to sterling on dovish Fed shift

By Kevin Buckland TOKYO (Reuters) -The dollar sank to a three-week trough against the yen on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan

Asia shares hesitate and dollar dips; oil gains

By Wayne Cole SYDNEY (Reuters) - Major share markets turned hesitant in Asia on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way

BHEL secures Rs 11,000 cr contract for three supercritical power projects from Adani Power

Mumbai (Maharashtra) , August 26 (ANI): Bharat Heavy Electricals Limited (BHEL) has announced a contract agreement with Adani Power Limited (APL) and its subsidiary...

FM Nirmala Sitharaman meets former FATF President T Raja Kumar ahead of ministerial roundtable with Singapore

New Delhi , August 26 (ANI): Finance Minister Nirmala Sitharaman met former Financial Action Task Force (FATF) President T Raja Kumar in Singapore as...

On Camera

No more lip service on UNSC reforms—it’s time to form an implementation roadmap

Most of the UNSC’s failures stem from the use of veto power by the P5. In a world that champions democracy, the UNSC is inherently the most undemocratic entity possible.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?