Month: August 2024

RBI Governor Shaktikanta Das on Wednesday said that based on the encouraging response received from several jurisdictions, the apex bank is now focusing on making "UPI and RuPay truly global".  "The deployment of UPI-like infrastructure in foreign jurisdictions, facilitating QR code-based payment acceptance through UPI apps at international merchant locations, and interlinking UPI with Fast … Read more

India's FinTech sector has received investments of about $6 billion in the last two years alone while the number of FinTechs in the country has gone up to around 11,000, RBI Governor Shaktikanta Das said on Wednesday.  Addressing the 5th edition of the Global Fintech Fest here, Das said: "India is now a fast-growing economic … Read more

Infosys is currently trading at Rs. 1942.15, up by 2.95 points or 0.15% from its previous closing of Rs. 1939.20 on the BSE. The scrip opened at Rs. 1935.00 and has touched a high and low of Rs. 1947.25 and Rs. 1925.10 respectively. So far 33720 shares were traded on the counter. The BSE group … Read more

Union Minister Ashwini Vaishnaw has said that the government approved 12 new industrial cities in 10 states on the lines of Greater Noida in Uttar Pradesh and Dholera in Gujarat to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi … Read more

Genus Power Infrastructures is currently trading at Rs. 466.15, up by 22.10 points or 4.98% from its previous closing of Rs. 444.05 on the BSE. The scrip opened at Rs. 466.25 and has touched a high and low of Rs. 466.25 and Rs. 462.00 respectively. So far 826869 shares were traded on the counter. The … Read more

 While India is already known as the 'pharmacy of the world', the country also has huge scope to enter the global value chain system to further boost exports of pharma products, said Sunil Barthwal, Secretary, Union Ministry of Commerce and Industry on Thursday.  He said this during an interaction with pharma sector industry leaders at … Read more

India's equity benchmarks hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries, which plans to step up the adoption of AI and issue bonus shares. The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing … Read more

Indian rupee strengthened against the US dollar on Thursday tracking weakness of the American currency in the overseas market. Rupee sentiments improved further on firm domestic equities after National Securities Depository data showed that Foreign Institutional Investors purchased Indian equities worth over $1.6 billion between August 16 and 27. Meanwhile investors are awaiting cues from … Read more

The country's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth, according to Dilip Asbe, CEO of National Payments Corporation of India (NPCI).  "We are looking at 100 billion transactions in the next 10-15 years which is a fairly achievable number. And, credit … Read more

 Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore.  The offering will include up to 80,00,000 secured, listed and redeemable NCDs, each with a face value of Rs 1,000. The base size issue is Rs … Read more