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Wednesday, May 8, 2024
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RBI asks Visa, Mastercard to stop card-based commercial payments

Mumbai, Feb 14 (PTI) The Reserve Bank has asked international payments major Visa and Mastercard to stop card-based commercial payments made by small and...

India cenbank asks Visa, Mastercard to stop B2B payments via fintech platforms -sources

BENGALURU (Reuters) -India's central bank has asked0 Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech

US dollar slips, consolidates gains, but further upside likely

By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) -The dollar slipped from a fresh three-month high on Wednesday as investors consolidated gains following the previous session's

Stocks inch up as traders assess rate outlook; dollar dips vs yen

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes edged higher while Treasury yields slipped on Wednesday as investors tried to assess the timing of possible rate cuts from the Federal

Oil slips as U.S. crude build counters upbeat demand forecast

By Laila Kearney NEW YORK (Reuters) -Oil futures slipped on Wednesday as surging U.S. crude inventories weighed on prices, but losses were limited by OPEC's forecast for robust demand growth. Brent

India begins talks with IEA for full membership

New Delhi, Feb 14 (PTI) Ministers from the International Energy Agency's member countries have begun talks with India on its application to become a...

Rupee rises 6 paise against US dollar

Mumbai, Feb 14 (PTI) The rupee appreciated 6 paise to close at 83.02 against the US dollar on Wednesday, tracking positive domestic equities. A...

Cooling Fed rate-cut bets pin gold below $2,000 level; palladium jumps

By Anushree Ashish Mukherjee and Ashitha Shivaprasad (Reuters) - Gold prices extended their dip and traded below the key $2,000-per-ounce level on Wednesday, a day after hotter-than-expected U.S.

India’s Glenmark Pharma posts loss for Q3 as remediation cost weighs

HYDERABAD (Reuters) - India's generic drugmaker Glenmark Pharmaceuticals posted a quarterly loss for the second time straight, hurt by higher expenses and costs related to remediation of its

Rupee rises 6 paise against US dollar

Mumbai, Feb 14 (PTI) The rupee appreciated 6 paise to close at 83.02 against the US dollar on Wednesday, tracking positive domestic equities. A...

On Camera

CEA Nageswaran says India’s FY24 growth could hit 8%, but World Bank warns this is ‘above potential’

Speaking at an event, World Bank country director Auguste Tano Kouamé said growth above potential would result in high inflation.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.