Business News

RBI's New Advisory On Paytm UPI Payments: What It Means

RBI's New Advisory On Paytm UPI Payments: What It Means

Edited by Shatabdi Chowdhury | Friday February 23, 2024, New Delhi

The Reserve Bank of India has come out with additional measures to ensure seamless digital transactions via unified payments interface or UPI.

Infosys CEO Salil Parekh Joins US-India Partnership Forum Board

Infosys CEO Salil Parekh Joins US-India Partnership Forum Board

Press Trust of India | Friday February 23, 2024, Washington

Salil Parekh, CEO and managing director at Infosys, has joined the US India Strategic and Partnership Forum as its board of directors.

Byju's Investors To Meet Today To Decide CEO's Future, But There's A Catch

Byju's Investors To Meet Today To Decide CEO's Future, But There's A Catch

Edited by Samiran Mishra | Friday February 23, 2024, New Delhi

The fate of Byju Raveendran, founder and CEO of ed-tech giant Byju's, hangs in the balance as an extraordinary general meeting (EGM) of its investors is scheduled to take place today.

Nvidia Profits Jump To $12.3 Billion Amid Demand For Its Technology To Power AI

Nvidia Profits Jump To $12.3 Billion Amid Demand For Its Technology To Power AI

Agence France-Presse | Friday February 23, 2024, New York

Global stock markets rallied Thursday as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence, with records falling in Asia, Europe, and North America.

India To Be 3rd Largest Economy By 2027, Surpass Japan, Germany: Jefferies

India To Be 3rd Largest Economy By 2027, Surpass Japan, Germany: Jefferies

NDTV News Desk | Thursday February 22, 2024, New Delhi

India's GDP is likely to touch $5 trillion over the next four years and will overtake Japan and Germany to become the third largest economy by 2027, Jefferies said on Wednesday.

Byju's Founder, Fighting Free Fall After Rapid Rise, Has A New Problem

Byju's Founder, Fighting Free Fall After Rapid Rise, Has A New Problem

Reported by Mukesh Singh Sengar, Edited by Saikat Kumar Bose | Thursday February 22, 2024, New Delhi

In more trouble for edtech giant Byju's, the Enforcement Directorate has barred its founder Byju Raveendran from travelling outside the country.

Stock Index To Rise About 9% In 2024, Correction Unlikely: Report

Stock Index To Rise About 9% In 2024, Correction Unlikely: Report

Reuters | Thursday February 22, 2024, Bengaluru

The stock market will surge to new highs by the end of June and gain nearly 9% in 2024, despite already lofty valuations, according to analysts polled by Reuters, who said a correction in the next three months was unlikely.

India Allows 100% Foreign Direct Investment In Space Sector

India Allows 100% Foreign Direct Investment In Space Sector

Reuters | Thursday February 22, 2024, Bengaluru

India relaxed rules to allow 100% foreign direct investment (FDI) in the space sector in a move aimed at promoting investment, according to a government notification on Wednesday.

RBI Clampdown On Embattled Fintech Star Paytm Sparks Industry Concerns

RBI Clampdown On Embattled Fintech Star Paytm Sparks Industry Concerns

Preeti Singh and Anup Roy, Bloomberg | Wednesday February 21, 2024

For regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.

Inflation Expectations In India May Stabilise, Edge Down Going Ahead: RBI

Inflation Expectations In India May Stabilise, Edge Down Going Ahead: RBI

Reuters | Tuesday February 20, 2024

Inflation expectations in India may stabilise and edge down going ahead but renewed pressures from cereals and proteins cannot be ruled out, the Reserve Bank of India said in its February bulletin published on Tuesday.

Whirlpool Sells 24% Stake In India Unit For $468 Million

Whirlpool Sells 24% Stake In India Unit For $468 Million

Reuters | Tuesday February 20, 2024

Whirlpool said on Tuesday it has executed a sale of 24% of its stake in its India unit for about $468 million.

IT Department Sets Rs 1 Lakh Ceiling Per Taxpayer For Small Tax Demands

IT Department Sets Rs 1 Lakh Ceiling Per Taxpayer For Small Tax Demands

Reported by Vasudha Venugopal, Edited by Samiran Mishra | Tuesday February 20, 2024, New Delhi

The Income Tax department has set a ceiling of Rs 1 lakh per taxpayer for the withdrawal of small tax demands.

As Japan And UK Shrink Into Recession, An Opportunity For India

As Japan And UK Shrink Into Recession, An Opportunity For India

Edited by Abhimanyu Kulkarni | Saturday February 17, 2024, New Delhi

Two of the world's leading economies - Japan and the UK - recently entered into recession, highlighting the financial struggles that countries have been facing after the Covid pandemic.

Explainer: RBI Gives Paytm Bank An Extension, But Will It Help Customers?

Explainer: RBI Gives Paytm Bank An Extension, But Will It Help Customers?

Edited by Abhimanyu Kulkarni | Saturday February 17, 2024

Paytm Payments Bank has received a small breather with the Reserve Bank of India (RBI) giving the company an extension to wind down its operations.

Paytm Gets New Banking Partner To Continue Seamless Transactions

Paytm Gets New Banking Partner To Continue Seamless Transactions

Reuters | Friday February 16, 2024

Paytm Payments Bank has been given more time by the central bank to wind down its operations, while its parent company has signed on a new banking partner to try to keep some of its popular products running and survive its current crisis.