Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the launch of cross-border inward bill payment services for Indians based in Oman.
NRIs can now leverage the robust platform offered by the Bharat Bill Payment System (BBPS) to make bill payments on behalf of their families through the Musandam Exchange.
HDFC Bank announced that it has signed a "Master Inter Bank Credit Agreement" with Export Import Bank of Korea for a $300 million line of credit.
The pact was signed by the two entities at GIFT City in Gujarat's capital Gandhinagar.
This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses.
Ghana has become the first country in the world to approve an effective malaria vaccine developed at Oxford University.
The R21/Matrix-M vaccine, the first to exceed the World Health Organization (WHO)'s target of 75 per cent efficacy, has been approved for use in children aged 5-36 months, the group most at risk of malaria death
Insurance Samadhan, an insurance grievance redressal platform, has launched a new app called Polifyx, a one-stop solution for policyholders facing issues related to their insurance policies.
Direct tax buoyancy, which measures growth in the collection of personal income tax and corporation tax against the rise in GDP, increased to 2.52 in FY22, the highest in the last 15 years, according to the time series data the Central Board of Direct Taxes (CBDT) released.
Higher buoyancy reflects greater efficiency in tax collection.
The country’s overall exports are projected to scale new heights in the financial year 2022-23 registering a growth of 13.84 percent over the financial year 2021-22.
It is estimated to achieve 770.18 US billion dollars worth of exports in the last financial year despite the global headwinds and steady domestic demand.
India improved its ranking by six spots in the latest Business Environment Rankings (BER) globally, according to data released by the Economist Intelligence Unit (EIU).
The upward shift is due to its improved score in parameters like technological readiness, political environment, and foreign investment among others.
India’s largest power-generating company NTPC will publicly list its newly formed green energy arm – NTPC Green Energy (NGEL) – in 2023-24 (FY24).
The company houses all the green energy and green fuel projects of the parent entity and aims at building 60 gigawatt (Gw) of green energy portfolio by 2030 - 3x of its planned new thermal capacity.
Indian fintech start-ups raised $1.2 billion in the first quarter of 2023, down 55 per cent year-on-year (YoY) due to rising inflation and high interest rates.
India was still the second-highest funded "geography" in the world, behind the US, in Q1 2023.
It occupies a spot in the top five geographies in terms of total funding activities.
An Indian Air Force (IAF) contingent departed today for France, to participate in Exercise Orion at Mont-de-Marsan, an Air Force base of the French Air and Space Force (FASF).
The exercise will be conducted from 17 April to 05 May 2023, with the IAF Contingent comprising four Rafale, two C-17, two ll-78 aircraft and 165 air warriors.
Revenue Secretary Sanjay Malhotra launched the Unified Portal of the of the Central Bureau of Narcotics, which will instill efficiency and and transparency and reduce the time taken by the pharma industry to get a trade license
The Reserve Bank of India (RBI) approved the reappointment of Sanjay Agarwal as Managing Director and CEO of AU Small Finance Bank.
Agarwal has been reappointed for a period of three years, from April 19, 2023, to April 18, 2026.
Moreover, Uttam Tibrewal has been reappointed as Whole Time Director of the bank for the next three years.
Kumar Mangalam Birla, Chairman of Aditya Birla Group, received the ‘Business Leader of the Decade Award’ at All India Management Association's (AIMA) 13th Managing India Awards ceremony
Birla, won the award for his contributions to the Indian industry over the last decade.