Business

Ashwini Vaishnaw, Minister of Communications, Electronics & IT and Railways, with Masahiko Metoki, Director General of Universal Postal Union (DG UPU)

UPU to revolutionise cross-border remittances; India's UPI holds all the answers [details]

The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network.

Jul 19, 2023

France to allow Indians to make UPI payments in rupees: Modi

Prime Minister Narendra Modi has said that India and France have agreed on usage of the Unified Payments Interface (UPI) mechanism and it will begin from the Eiffel Tower, which means Indian tourists can pay in rupees to visit the world famous site.

Jul 14, 2023

28% GST to be levied on full value of online gaming, horse racing, casinos

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.

Jul 11, 2023

The Reserve Bank of India has announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30

76% of total Rs 2,000 denomination notes in circulation returned to banks in these two forms: RBI

The Reserve Bank of India (RBI) on Monday said that as much as 76 per cent of the total number of Rs 2,000 notes in circulation have been returned to banks.

Jul 4, 2023

Conversion of BMTC buses to EVs: Taiwan investors hold talks with Karnataka minister MB Patil

Karnataka's Large and Medium Industries Minister M.B. Patil on Friday said that Taiwanese companies have expressed interest to collaborate with the state Karnataka in converting diesel-run BMTC buses to electric buses.

Jul 1, 2023

Modi's US visit: Extra duty on American apples removed, to compete in Indian market on par

The decision will not impact domestic apple producers, assured Ministry of Commerce sources

Jun 27, 2023

Union Minister of State for Commerce & Industry, Nirmala Sitharaman.

NASA & ISRO collaborate to establish International Space Station by 2024: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Sunday said that scientists of US' NASA and ISRO would collaborate to establish an International Space Station in 2024.

Jun 26, 2023

Sensex hits all-time high despite monsoon worries ahead

Benchmark Indices touched new highs on Wednesday on the back of sustained increase in capital expenditure by the Government of India coupled with rising manufacturing PMI, says S. Ranganathan, the Head of Research at LKP Securities.

Jun 21, 2023

As expected, RBI's Monetary Policy review June 2023 remains status quo: Expert

While the rate inaction was expected by almost everyone, there was some debate on whether a more qualified stance may now be forthcoming, writes Suyash Choudhary of Bandhan Asset Management

Jun 9, 2023

World's largest grain storage plan gets Cabinet's nod; gets ₹1 lakh crore budget [details]

The pilot project will be implemented in at least 10 selected districts of different states and UTs in the country to provide valuable insights into regional requirements for the project.

Jun 1, 2023

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