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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Apple is making significant strides in expanding its manufacturing capabilities in India by planning to assemble the premium Pro and Pro Max models of the upcoming iPhone 16 series through its partner, Foxconn. This marks the first time these high-end models will be produced in India. According to a Bloomberg News report, Apple has already…
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New Delhi August 13 2024 : The Supreme Court on Tuesday closed the contempt case against Swami Ramdev and Patanjali Ayurved Managing Director Acharya Balakrishna, accepting their unconditional apology and an undertaking to refrain from issuing misleading advertisements. A bench comprising Justices Hima Kohli and Sandeep Mehta accepted the apologies, which had been repeatedly offered…
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The Indian stock market saw a mixed day with the Sensex gaining 200 points, or 0.24%, ending at 79,900.98, while the Nifty rose by 48.40 points, or 0.20%, closing at 24,415.90. The market breadth was slightly negative, with 1,715 shares advancing, 1,737 shares declining, and 106 shares remaining unchanged. Among the top gainers on the…
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