Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key U.S. inflation print. Spot gold was up 0.5% to $2,513.77 per ounce, as of 0250 GMT. Bullion hit a record high of $2,531.60 on Aug. 20 and is up … Read more
The Indian rupee is likely to open slightly higher on Thursday, boosted by equity inflows and after yet again managing to avoid hitting a record low in the previous session. The one-month non-deliverable forward indicated the rupee will open at 83.92-83.94 to the U.S. dollar, compared with its close of 83.9525 in the previous session. … Read more
India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments … Read more
India's Eros Investments and its Immerso AI-IP unit are expected to invest $1 billion to develop an artificial intelligence park and movie studio in Malaysia, Malaysia's digital ministry said on Thursday. The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in … Read more
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
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
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
