New Delhi : The Government of India has announced an increase in the loan limit under the Prime Minister Mudra loan scheme, raising it from ₹10 lakhs to ₹20 lakhs. This significant decision was unveiled by Finance Minister Nirmala Sitharaman during the Union Budget for 2024-2025 in July. In a recent social media update, the…
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New Delhi, October 23, 2024 – During this festive season, Northern Railway has made elaborate arrangements to ensure a smooth and comfortable journey for passengers. To accommodate the expected surge in demand, Northern Railway in association with other zonal railways is operating 3,144 Festival special trains during the festival season from 01.10.2024 to 30.11.2024. Northern…
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Bengaluru, Oct 17, 2024: In a notable shift within the Indian IT landscape, Infosys has outperformed its rival Wipro for the July-September quarter, primarily due to strong demand from European clients, particularly in the banking sector. This performance signals a broader recovery in India’s IT services industry. For the second quarter, Infosys reported a revenue…
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New Delhi : Foreign investors have significantly boosted their investment in Indian equity markets, injecting nearly ₹34,000 crore in September 2024 alone. According to data from depositories, foreign portfolio investors (FPIs) poured ₹33,691 crore into Indian equities this month. However, there was a slight withdrawal of ₹245 crore from the debt markets, resulting in a…
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New Delhi , 13 September , 2024 –In a recent address, Reserve Bank of India (RBI) Governor Shaktikanta Das issued a stark warning about the growing risk of a global debt crisis. Highlighting the rising debt levels in several countries, exacerbated by the prolonged impact of the COVID-19 pandemic and the ongoing geopolitical tensions, the…
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RBI to Grant NBFCs Access to Unified Lending Interface, Transforming Credit Accessibility The Reserve Bank of India (RBI) is poised to make a transformative shift in the credit landscape by potentially granting non-banking financial companies (NBFCs) access to the newly rebranded Unified Lending Interface (ULI). This initiative, announced earlier this week by RBI Governor Shaktikanta…
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New Delhi : India’s Unified Payments Interface (UPI) has set a new benchmark in the global digital payments landscape, processing nearly ₹81 lakh crore worth of transactions during the April to July period this year. This remarkable achievement represents a 37% year-on-year increase, showcasing the rapid growth and adoption of digital payments in India. The…
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New Delhi August 30 2024 : In a significant step for the global aviation industry, India has approved the final regulatory requirement for the merger of Air India Ltd. with its smaller competitor, Vistara. This approval includes a substantial foreign direct investment (FDI) of $276 million by Singapore Airlines Ltd. as part of the merger…
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New Delhi , 28 August , 2024 –The Power Sector Skill Council (PSSC) has launched the Lineman Certification Program under the Recognition of Prior Learning (RPL) initiative in association with BSES Yamuna Power Limited (BYPL) aligned with the Central Electricity Authority (CEA) Safety Regulations. This strategic program aims to enhance the skill sets of BYPL’s…
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New Delhi : The Securities and Exchange Board of India (Sebi) has imposed a significant penalty and restrictions on industrialist Anil Ambani and 24 other entities, including former key officials of Reliance Home Finance, in a high-profile case involving fund diversion. Sebi has barred Anil Ambani from participating in the securities market for five years.…
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