The Reserve Bank of India (RBI) has recently raised concerns over deficiencies in gold-lending practices, urging gold lenders to review their policies and practices and implement corrective measures within a three-month timeframe. This directive comes in the wake of a review conducted by the RBI, which revealed several irregularities in the gold loan sector. Gold loans, which are granted against ...

In its latest report, the World Bank anticipates India to maintain its status as the world’s fastest-growing economy, fueled by robust domestic demand, increased investment, and a thriving services sector. The forecast predicts a steady growth trajectory, with India expected to achieve a GDP growth rate of 6.7% over the next three fiscal years. The ‘Global Economic Prospects’ report underscores ...

India Inc expressed optimism on Monday, asserting that Prime Minister Narendra Modi’s leadership will propel the nation to unprecedented heights, maintaining its position as the world’s fastest-growing major economy, according to Assocham. The apex industry chamber lauded PM Modi’s third consecutive term, foreseeing a trajectory of continued progress and enhanced global standing fueled by inclusive and sustainable economic expansion in ...

Recent data released by the Ministry of Statistics highlights a substantial increase in household consumption expenditure across rural and urban India, signaling a notable uptick in living standards and overall well-being among the populace. In rural areas, monthly per capita household consumption surged by over 40 percent during the 2022-23 period, when adjusted for inflation, compared to figures from 2011-12. ...

Ola Electric has unveiled new pricing structures for its S1 X line of e-scooters, alongside details regarding delivery. The S1 X series, available in three battery variants – 2 kWh, 3 kWh, and 4 kWh, will now be priced at Rs 69,999 (introductory offer), Rs 84,999, and Rs 99,999, respectively. Deliveries are slated to commence next week. A spokesperson from Ola ...

BSE Sensex is down by more than 300 points on Tuesday after a plunge of 845 points on Monday, continuing the declining trend amid concerns about general elections, geopolitical factors, and uncertainty in the markets. Sensex is trading at 73,040 points, down by 358 points. Sensex is on the verge of falling below the 73K mark if the weakness persists. IT ...

Hyderabad-based businessman Sarath Chandra Reddy, the man whose revelations led to the arrest of BRS MLC K. Kavitha and Delhi CM Aravind Kejriwal over the past week, also paid Rs 55 crore to the Bharatiya Janata Party through electoral bonds, the data released on March 21 reflected. Sarath Chandra Reddy won licences for five liquor retail zones under the excise ...

The Nifty hit a new low, marking its lowest point in over a month, as it closed down by 1.08 percent or 238.3 points at 21,817.5 on Tuesday. Trading volumes in the NSE cash market were modest at Rs. 0.83 lakh crore. Despite the negative advance-decline ratio at 0.36:1, the midcap index experienced a sharper decline compared to the Nifty. ...

The enigmatic figure behind Bitcoin’s creation, known as Satoshi Nakamoto, has captivated the imagination of the cryptocurrency community since the inception of Bitcoin. The potential unveiling of Nakamoto’s identity has spurred intense speculation and debate, prompting considerations about the ramifications for Bitcoin’s future. Satoshi Nakamoto, the pseudonymous individual or group responsible for birthing Bitcoin, remains a mystery to this day. ...

Elon Musk is bent upon squeezing Twitter assets as he has placed hundreds of items from its San Francisco headquarters up for auction online, including the bird statue and other office assets. In December 2022, after Musk revealed that Twitter spends $13 million a year on food service, and now the company said it will be selling at least 265 ...

A special tea named ‘Manohari tea’ in Assam’s Dibrugarh district has been sold for Rs 1.15 lakh per kg at a private auction, compared to Rs.99,999 last year. The proprietor of the tea estate, Rajan Lohia said that ‘Manohari Gold Tea’ fetched the price at an auction on the private portal ‘Tea Intech’ on Friday. Due to a cap on ...

Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, which is more than 4,000 employees as a part of its “rebalancing” act and “rightsizing certain businesses”. Silicon Valley Business Journal reported that many workers took to TheLayoff.com and Blind portal to post about the job cuts at the company. ...

GDP for 2022-23 projected to grow at 7.0%. Internet banking facility to be started for Regional Rural Banks’ customers. Regulation of offline payment aggregators proposed. Repo Rate hiked to 5.90% The repo rate, the rate at which RBI lends money to commercial banks, has been hiked by 50 basis points again. Considering the prevailing adverse global environment, resilience in domestic ...

Fraudsters use illegal telecom set-ups to route ISD calls received through internet (VoIP) illegally to domestic mobile and wireline customers in India. Illegal telecom setups primarily use internet connectivity on one side and connect to domestic mobile and landline network for distribution of call which is not allowed as per regulations. Such illegal setups pose security threat and revenue loss ...

‘Nothing is more religious than serving the people in need’ says Vice President Jagdeep Dhankhar. Dhankhar lauds the efforts of Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) for their untiring efforts, Says, ‘BMVSS’ service for humanity reflects India’s civilisational ethos of sharing and caring’. The Vice President, Shri Jagdeep Dhankhar today said that “there is nothing more religious than serving the ...

The President of India, Smt Droupadi Murmu, inaugurated the Integrated Cryogenic Engine Manufacturing Facility of Hindustan Aeronautics Limited (HAL) in Bengaluru today (September 27, 2022). She also laid the foundation stone for the Zonal Institute of Virology (South Zone) virtually on the occasion. Addressing the gathering, the President said that inauguration of the Integrated Cryogenic Engine Manufacturing Facility is indeed ...

E-commerce major Flipkart witnessed record number of shoppers at 1.6 million users per second the moment it opened the ninth edition of its ‘Big Billion Days 2022’ festive sales on Friday. Attributing the huge rush to its opening to shoppers from tier 2 and smaller cities, the number of Flipkart Plus customers using Early Access saw huge rise from its ...

Though expected a little later, Indian rupee has plunged to its lowest today touching Rs.81 per US dollar, amid gloomy prospects of markets around the world in view of a steep rise in interest rates by the US Federal reserve by 0.75 percentage points, vowing to further hike in the future. On Thursday, experts expected the Indian rupee to hit ...

Indian benchmark indice Sensex fell by 800 points as of 01:30 p.m. on Friday. which is at 58,314.78 points or 804.94 (1.36%) points down from the previus day, revealing the deep impact caused by the US Fed Reserve decision to hike interest rates steeply and its pledge to continue further to tame the inflation. Nifty is also down to 17,407.05 ...

Following uproar among IT companies on many workers indulging in moonlighting, Wipro had warned against it and now took stern action firing 300 employees for moonlighting with its key rivals at the same time. Wipro Chairman Rishad Premji said in Wednesday that the “reality is that there are people today working for Wipro and working directly for one of our ...