ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of India has now partly reversed its January 2012 directive that had mandated disabling of cash retraction in ATMs. The original decision was taken to prevent fraudulent activities at ATMs.ATMs are equipped with…
The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 (provisional) against the US dollar in a range-bound trade on Thursday, amid a positive trend in domestic equities. Forex traders said the Indian rupee recovered slightly on strength in the domestic markets and overnight…
UPI Lite: The amendment to the framework for UPI Lite was announced by the RBI on December 4, 2024. New UPI rules 2024: The Reserve Bank of India (RBI) has enhanced the transaction threshold for offline digital payments made via UPI Lite. This increase in UPI Lite transaction limit is particularly advantageous for individuals residing…
Putin commended PM Narendra Modi’s national-centric approach and the “Make in India” programme. Russia willing to set up manufacturing operations in India? At the VTB Investment Forum in Moscow, the Russian president Vladimir Putin drew parallels between Russia’s import substitution programme and India’s “Make in India” initiative. He indicated Russia’s readiness to establish manufacturing units…
IIT placements: An increasing number of organisations are providing attractive packages for India-based positions. (AI image) IIT graduates get high-paying offers! The premier technology institutions of India, IITs, are witnessing an increase in domestic jobs offering substantial salary packages from various companies aiming to attract exceptional candidates.However, fresh engineering graduates in the IT sector typically…
PAN Card serves as both a tax identifier and physical identity proof. PAN 2.0: With the Modi government announcing a comprehensive upgrade of the PAN infrastructure, taxpayers are wondering whether PAN 2.0 with enhanced QR code will be similar to m-Aadhaar or e-Aadhaar systems. Will PAN 2.0 feature dynamic QR codes for KYC, identity verification…
Breaking above 24,700 could extend the upward trend, whilst falling below 24,350 might weaken market confidence, say experts. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex moved above 81,000, Nifty50 was above 24,500. At 9:17 AM, BSE Sensex was trading at…
Poonawalla Fincorp Ltd aims to double its headcount as the Indian shadow bank expands into new product lines to increase assets to 1.5 trillion rupees ($17.7 billion) in the next five years.The non-bank finance company controlled by billionaire Adar Poonawalla, plans to add six retail-focused lending businesses in the next four to six quarters, on…
NEW DELHI: Engineering exporters have cautioned against imposition of safeguard duty on steel, arguing that it will increase prices in the domestic market and make exports uncompetitive. Steel makers are lobbying hard for protection from imports, arguing that cheap imports from Asean nations, which have a free trade agreement, are hurting the domestic players. Arguing…
NEW DELHI: Amidst intense lobbying by incumbent telecom operators — led by Reliance Jio and Airtel — against administrative allocation of spectrum to multi-national satcom providers like Elon Musk’s Starlink and Amazon’s Project Kuiper, govt on Wednesday said it will ensure a “level-playing field” between the two technologies.“Spectrum assigned administratively are also chargeable and hence…
