The Reserve Bank has announced that all eligible current account transactions, including commercial transactions with Sri Lanka, can be settled in any eligible currency outside of the Asian Clearing Union (ACU) mechanism until further notice. The new system comes into

(BoI) has set an ambitious quarterly recovery target of Rs 2,500 crore for the current fiscal year as the public sector bank looks to expand after years of stagnation. CEO AK Das said he expects the loan book to grow

Razorpay, the payment gateway used by Alt News to receive donations, said Friday that only domestic payments are enabled for the fact-checking site and foreign transactions are not allowed without FCRA approval. Delhi police last week told a Delhi court

CHANDIGARH: The Haryana government is cracking down on private universities in the state for alleged norm violations. The State Department of Higher Education has cracked down on three universities in the past four months, all in Sonipat, most recently Ashoka

The rupee has lost about 6 percent of its value against the dollar since the beginning of this year, and the worrying trend has intensified significantly in recent weeks. This has prompted the Reserve Bank of India (RBI) to announce

NEW DELHI: The CBI has registered an FIR against former Mumbai Police Commissioner Sanjay Pandey and former Managing Director and CEO of NSE Chitra Ramkrishna for the former’s information technology firm allegedly illegally tapping the phones of stock exchange employees,

The Income Tax Authority has accused an Indian unit of Chinese tech company Huawei of repatriating large amounts in the form of dividends to its parent company, cutting its taxable income here. Citing discrepancies in earnings reported by Huawei Telecommunications

Businesses in India are making major investments in digital technologies to support ambitious expansion plans after learning the lessons of the pandemic. New results from Equinix, Inc.’s annual survey of technology decision-makers suggest that 96% of IT leaders in India

India has pledged to electrify 40 million homes this year to meet the goal of providing electricity to all of its 1.3 billion people. It also has plans to install 75 gigawatts of renewable energy as part of commitments under

“Consolidated Net Cash Excess as at 30 June 2022 was approximately £11.550 billion. The company’s cash position remains strong,” the press release emphasized. As per the press release, the Company remains well capitalized with a capital adequacy ratio (CRAR) of