BUSINESS

Banking reforms: Cooperative banks get Aadhaar-enabled services under simplified UIDAI framework; boost for rural inclusion

A new Aadhaar-based framework has been introduced for cooperative banks, enabling authentication and eKYC services. This initiative, spearheaded by the…

7 months ago

US mortgage rates dip to lowest since October, 30-year loans fall to 6.26%; refinancing demand surges

US mortgage rates witnessed a decline. The average rate on a 30-year mortgage reached 6.26%. This is the lowest since…

7 months ago

Net direct tax mop-up rises 9% to Rs 10.82 lakh cr, corporate advance tax grows; refunds fall

India's net direct tax collections surged by 9.18% to exceed Rs 10.82 lakh crore, propelled by increased corporate advance tax…

7 months ago

Middle east conflict: EU calls to impose sanctions and tariffs on Israel; 37% of imports targeted

The EU is considering imposing tariffs on Israeli goods and sanctioning individuals, including ministers Ben-Gvir and Smotrich, to pressure Israel…

7 months ago

FOMC meeting: Jerome Powell-led US Fed cuts rate by 25 basis points; notes moderation in economic growth, job gains

The US Federal Reserve, led by Jerome Powell, has announced a 25 basis points rate cut, setting the federal funds…

7 months ago

No longer ‘uninvestable’! Shanghai index hits decade high; foreign investors eye China’s stock markets again as AI, tariff truce boost confidence

Global investors are showing renewed interest in China's stock markets. They are focusing on AI, semiconductors, and biotech sectors. A…

7 months ago

Payment rules: RBI issues final guidelines for aggregators, sets capital norms and cross-border limits

The Reserve Bank of India (RBI) has introduced final guidelines to regulate payment aggregators, effective immediately. These guidelines classify aggregators…

7 months ago

US tariff shield: Export promotion mission heads to Cabinet, Rs 25,000 crore support on table

The Indian government's Export Promotion Mission, aimed at protecting exporters from global trade shocks, is nearing Union Cabinet approval after…

7 months ago

NTPC clean energy push: Power giant explores nuclear ventures; standalone and JV routes on table

NTPC is gearing up to establish nuclear power projects. These projects will be through collaborations and independently. NTPC is partnering…

8 months ago

Aviation MRO challenge: AIESL seeks access to proprietary manuals for component overhaul; eyes strategic partners

AIESL is seeking partnerships to secure crucial intellectual property, like aircraft manuals, essential for advanced MRO services. Post-Air India separation,…

8 months ago