New heights in aviation. Image courtesy Air India The aviation industry is undergoing a significant change, using digital advancements to transform how airlines work and professionals carry out their roles. The International Air Transport Association (IATA) labels this change as a “digital transformation”, where traditional methods are rebuilt using digital…

Paytm’s stock saw another dip of 20% on Friday, after the 20% dip on Thursday, following the RBI’s decision’s After seeing its shares fall by 20 per cent on Thursday, the day, after the Reserve Bank of India took decisive action against Paytm Payments Bank and prohibited them from offering…

Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman Friday said Budget 2024 did not announce any sops as the government led by Prime Minister Narendra Modi treated it like a true vote on account. In an exclusive interview with Rahul Joshi, Editor-in-Chief, Network18, a day after presenting Interim Budget 2024,…

Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman on Friday said the Prime Minister Narendra Modi-led government is confident of managing inflation, while sustaining robust growth. In an exclusive interview with Rahul Joshi, Editor-in-Chief, Network18, Finance Minister Sitharaman said: “The Chief Economic Adviser has also commented on how 7 per…

Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman Friday said she is hopeful the 2024-25 Budget estimate of Rs 11.11 lakh crore for capital expenditure will be met. In a post-Budget interview with with Rahul Joshi, Editor-in-Chief, Network18, Finance Minister Sitharaman said, “…to increase it to 11 (lakh crore rupees),…

Union finance minister Nirmala Sitharaman on Friday gave an exclusive interview to Network18 Group Editor-in-Chief Rahul Joshi A day after the interim Budget, Finance Minister Nirmala Sitharaman spoke with Network18 managing director Rahul Joshi in an exclusive interview about the fiscal exercise, calling it “secularism in action”. According to her,…

Describing the RBI order that has imposed restrictions on Paytm Payments Bank as a big speed bump, Paytm & One97 CEO Vijay Shekhar Sharma has tried to assure users that the digital payments and services app will continue to operate without disruption beyond February 29 Paytm CEO Vijay Shekhar Sharma…

Sitharaman presents Budget 2024 in Lok Sabha. Source: Screengrab/Sansad TV In a bid to prevent the occurrence of cervical cancer, the government will bring down the price of HPV vaccine in order to encourage vaccination among girls in age group of 9 to 14 years, Finance Minister Nirmala Sitharaman announced…

India has not seen significant improvement in debt affordability to justify a rethink of the country’s sovereign ratings upgrade, an analyst at Moody’s Investors Service said on Thursday after the government unveiled its last budget before upcoming elections. “I think it is worth bearing in mind that the largest proportion…

(File) Future of fossil fuels and India. Reuters India is largely reliant on fossil fuels for its energy needs, which account for ~57 per cent of the installed electricity capacity and 75 per cent of the electricity production in India. However, India has also been aggressively working towards increasing its…

Union Finance Minister Nirmala Sitharaman. PTI In the ever-evolving global economy, India stands at a crucial juncture where the integration of design into various sectors could catalyse innovation, economic growth, and social development. As the upcoming budget season approaches, the government must recognize the pivotal role of design education and…

India can aspire to become a $7 trillion economy by 2030, according to “The Indian Economy: A Review” written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists. The 74-page document is “not the Economic Survey of India prepared by Department of Economic Affairs…

More rural women are being brought within the financial network. AP Financial inclusion has grown remarkably in India on the back of the JAM (Jan-Dhan-Aadhaar-Mobile) trinity, world-class payments infrastructure and a vibrant banking-fintech ecosystem. From a low of less than 50 per cent in 2011, our bank account penetration (percentage…

Representational image. Reuters India, on the cusp of emerging as the third-largest global economy, is navigating an economic and digital revolution. In this transformative journey, rural MSME (Micro, Small, and Medium Enterprise) entrepreneurs, often led by women, OBC-SC-ST, and other marginalized groups play a pivotal role, contributing around 30 per…

Real estate sector needs careful handling Real estate is undoubtedly one of the most crucial sectors in India, whose growth is indispensable for the health of the economy. Single-handedly, the sector contributes nearly 8 per cent to the country’s GDP and is the second-largest employment generator in the nation. The…

The bull statue at Bombay Stock Exchange (BSE) building in Mumbai.(PTI) For the first time, India’s stock market has surpassed Hong Kong’s to rank as fourth-biggest equity market in the world. The total value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, exceeding Hong Kong’s $4.29…

Byju’s, a beleaguered edtech startup, is going to slash valuation by more than 90 per cent from its previous round to raise fresh funds and alleviate its financial troubles. Once counted among the world’s most valuable startups, Byju’s is seeking more than $100 million from existing investors through a fresh…

The gems and jewellery industry needs a boost from the government. AP The gem and jewellery industry, a key contributor to India’s exports and employment, is eagerly awaiting the Union Budget 2024-25, which will be presented by Finance Minister Nirmala Sitharaman on 1 February, 2024. The industry anticipates the announcement…

The consumer electronics market in India is anticipated to witness a robust growth of 6.06 per cent from 2024 to 2028, culminating in a substantial market volume of $92.4 billion in 2028, according to Statista. From smartphones and laptops to wearables and smart home devices, these gadgets have become an…

Technology should be increasingly included to better lives in rural India. AP The 2024 Interim Budget, like other annual budgets, presents another opportunity for us to advance the well-being of marginalised communities by prioritising initiatives. This can be done by keeping our attention on vulnerable sections in both the urban…

The German headquarters of online marketplace eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany. FILE/REUTERS eBay, an e-commerce giant, will lay off about 1,000 employees, accounting for 9 per cent of its current workforce, the company said. Online retailer eBay Inc has joined the…

How the insurance sector is innovating itself. Image courtesy The Blue Diamond Gallery As India approaches the unveiling of the interim Union Budget 2024, the InsurTech sector stands at a pivotal juncture, poised for transformative changes driven by technological advancements and supportive policies. This budget, transcending its role as a…

Real estate sector is immensely important for the Indian economy. Image courtesy Moneycontrol The construction industry is currently undergoing a significant transformation, primarily driven by the urgent need for sustainability. According to a report by HDFC Securities, the building material industry is expected to grow at 8–12 per cent for…

Smallholder farmers are important to India’s farming ecosystem. AP India is an agrarian nation with about 55 per cent of its population dependent on agriculture as their primary source of income. The agriculture sector in India contributed 18.4 per cent to the total GVA of the country for the year…

Representational image. PTI India is now ranked second after China on the MSCI EM index, with its weight having overtaken Taiwan. This confirms India’s status as one of the emerging countries’ most potential investment options. The MSCI Emerging Markets index for India surged from 7 per cent to 17.1 per…

New and seasoned blackjack players alike are spoiled for choice – and the best blackjack sites with high payouts and top-quality live dealer options are just a click away! That’s why we’ve set out to find not only the best blackjack casinos to play at, but ones that take the…

Firing up your phone and playing blackjack online in Australia is easy – but finding the best online blackjack sites in today’s overly saturated gambling market… Well, we wouldn’t call that easy.  With that in mind, we’ve updated our list of the top Australian blackjack casinos that offer tons of…

Is there a better way to get the heart pumping than spinning the wheel at the best roulette sites in Australia? It’s true – playing online roulette is heaps of fun so long as the casino is reliable and trustworthy. And since falling prey to rogue Australian roulette sites is…

Cryptocurrency trading bots have become a norm among traders, and like it or not – you’re likely already trading against these bots in your sessions. For these reasons, using software like Immediate Edge to automate your trading process is now essential. Not only can you execute flawless trades, but you…

Time to hit the felt? Well, the good news is that you can now do it online, thanks to the best online poker sites! To save you time, we’ve created the ultimate list of the top poker rooms. While Black Chip Poker is our #1, there are many other sites…

Safety should always be the number 1 priority — and that’s especially true when it comes to online gambling. There’s no need to risk the safety and security of your money and information at dodgy sites when there are plenty of safe online casinos in Australia. To that end, we’ve…

Representational image. PTI Sensex, Nifty hit to their new record highs on Monday powered by gains in information technology (IT) heavyweights. The Nifty 50 index moved above 22,000 mark for the first time, while Sensex traded above 73,000 level. At 09:43 IST, Sensex was up 622.70 points, or 0.86 per…

The EV sector in India needs a boost from the government The Indian electric vehicle sector marked a significant milestone in 2023 by clocking over 1.5 million unit sales, recording a 46 per cent Y-o-Y growth. This feat is commendable, given the renewed efforts to curb fossil fuel usage and…

Giving budgetary boost to healthcare. PTI The Union Budget 2023-24, the first budget of Amrit Kaal, set out a vision and blueprint for an empowered and inclusive economy to lay building blocks for the coming 25 years in the journey to India@100 in 2047. Some of the priorities adopted therein…

EVs and battery swapping. AP As the world increasingly turns its attention to sustainable transportation, electric vehicles have emerged as a saving grace in this eco-friendly revolution. With global EV sales projected to reach an astounding 45 million units per year by 2040, the shift from traditional combustion engines to…

Real estate sector is immensely important for the Indian economy. Image courtesy Moneycontrol There is an age-old adage: Nothing is certain except death and taxes. Budget 2016 lived true to the adage with the re-introduction of the long-term capital gains tax on the sale of listed shares. Such gains were…

Bombay Stock Exchange. PTI Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run powered by a rally in IT shares, Reliance and HDFC Bank. Rising for the fifth day in…

Representational image. Reuters A week filled with geopolitical danger, Chinese economic data, and earnings reports from big US banks saw Asian equities get off to a slow start on Monday. As congressional leaders reached an agreement on another interim spending plan, there was at least some movement towards preventing an…

Representational image. AP October 2022 and November 2023 are landmark months for the Indian higher education ecosystem. With the objective of internationalising higher education, the Indian government has enabled foreign higher education institutions to set up campuses in India, either in the GIFT City through the International Financial Services Centres…

File photo of Finance Minister Nirmala Sitharaman holding a folder case containing the Union Budget 2021-22, during the Budget Session of the Parliament. PTI. Parliament’s Interim Budget Session 2024 will be held from 31 January to 9 February. The session will be last of the 17th Lok Sabha and will…

A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins/File Photo The overnight air and sea strikes by the United States and Britain on Houthi targets in Yemen have diverted course of oil…

India’s headline retail inflation rose to four-month high of 5.69 per cent in December 2023, the data released by National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) Friday informed. The Consumer Price Index, or CPI, was 5.55 per cent in November 2023, the data showed. The headline…

Anticipating reprieve in income tax As the dawn of the new year unfolds, individuals nationwide embark on setting their personal and financial resolutions. A pivotal event that significantly influences these resolutions is the Union Budget, with profound implications for matters related to personal finance and taxation. Significance of interim budget…

Rural women in India are fast becoming part of the country’s expanding banking story. AP Financial inclusion of rural women is key for inclusive growth in India. However, most rural women have limited engagement with formal financial services beyond withdrawing government benefits. In this context, banking correspondents (BCs), as intermediaries…

The above chart is always intriguing, how Brazil has different levels of Mutual Fund (MF) penetration although it is part of the emerging market or has a developing country tag! The global trade and economic landscape has been changing, especially in the aftermath of the COVID-19 pandemic. Countries that were…

Mukesh Ambani, Reliance Industries Ltd Chairman, addressing Vibrant Gujarat Summit 2024 in Gandhinagar. Mukesh Ambani Wednesday said his company, Reliance, “was, is and will remain a Gujarati company” and of more than 150 billion dollar (Rs 12 lakh crore) invested by the firm in creating world-class assets and capacities across…

Representational image. Reuters Following a dismal start to the year, Asian markets saw a much-needed rebound on Tuesday. Traders were following a Wall Street recovery driven by bargain-buying and a spike into sold-off tech titans. The gains occurred as investors attempt to determine the Federal Reserve’s intentions for interest rates…

Robust domestic demand and strong growth in manufacturing as well as service sectors are expected to push India’s growth at 6.2 per cent in 2024, the United Nations said. According to UN World Economic Situation and Prospects (WESP) 2024, India’s gross domestic product (GDP) is projected to increase by 5.2…

Supreme Court of India. Reuters The much-awaited approval from the top Constitutional Court in India is finally here, paving path for financial creditors to relay back on the fast-paced bad debts resolution track laid by the Govt’s masterstroke law – the Insolvency and Bankruptcy Code. The Supreme Court of India…

The recent raid on certain fintech firms that are believed to be backed by China led to the discovery of certain firms using “dummy” directors and local subscribers to operate on behalf of Chinese entities within India The Enforcement Directorate (ED) has launched a fresh round of investigations aimed at…

Representational image. Reuters File Asian markets fell Tuesday as most traders returned from the New Year’s holiday, anticipating a 2024 marked by a succession of Federal Reserve interest rate decreases but also by economic and political turmoil. Wall Street stumbled last week after a record-breaking run in the previous two…

Representational image. Reuters Tuesday saw a spike in gold prices as investors anticipated a plethora of economic data this week that would provide more light on the future for US interest rates. The likelihood of interest rate reduction in 2024 from the Federal Reserve also helped. As of 05:45 GMT,…

Representational image. AP Oil prices rose 1 per cent on Tuesday as a Red Sea naval confrontation focused attention on potential Middle East supply disruptions and prospects of Chinese economic stimulus bolstered demand in the world’s biggest petroleum importer. Brent crude was up $1.03, or 1.3 per cent, to $78.07…

Indian stock market. PTI. Foreign investment in Indian government bonds grew sharply in the last three months of 2023, led by JPMorgan’s decision to incorporate the paper in its indexes, which lifted inflows to a six-year high. According to clearing house data, foreign investors net acquired 350 billion rupees ($4.2…

From Zimbabwe’s capital Harare to Quito in Ecuador, green bills circulating on the streets and in shops with images of US presidents reflect a big choice that has been made: picking the dollar over the local currency to bring economic stability. The two countries offer a lesson – and warnings…

The sign of Beijing Stock Exchange is seen at its entrance during an organised media tour, in Beijing, China on 17 February, 2022. Reuters The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that…

Representational image. Reuters Gold prices were poised for their best year in three on Friday, as expectations strengthened for interest rate reduction in the United States early next year, while the crisis in Ukraine and tensions in the Middle East boosted safe-haven demand. As of 0350 GMT, spot gold was…

2023 is on its final leg and there’s lots to remember the year by. One of them will be the swathes of corporate bankruptcy filings throughout the year. Reports say, US bankruptcy filings are set to hit their highest this year since 2020. Meanwhile, statistics published by the US court…

A woman looks at an electronic board showing Japan’s stock price index at the Tokyo Stock Exchange in Tokyo. Reuters Asian equities took a respite on the final trading day of the year and are poised to end a two-year losing run, supported by optimism that the Federal Reserve will…

In a visionary address to the Reliance family, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani placed a spotlight on the pivotal role of data in the modern era, emphasising its significance as a new factor of production alongside talent and money. Embracing technology “In the Era of Digital…

LLC owners need to maintain a clear separation between their personal and business finances. One way to achieve this is by establishing a separate bank account for the LLC. This approach offers benefits such as simplifying accounting procedures, fostering trust with clients and suppliers, and protecting personal assets from potential…

Indian stock market. PTI. The Nifty 50 created history by hitting a lifetime high of 21,603 on Wednesday, 27 December, 2023. At 12:23 pm IST, NSE Nifty was trading at 21,562.85, up 121 points or 0.57 per cent at Rally in US stocks overnight has contributed to the gains observed…

Escrowpay, India’s digital escrow platform, has successfully raised $600 thousand from existing investors, bringing the total raised to an $6.6 million. The ongoing Series A round aims to reach $15 million. The fresh capital will accelerate initiatives, support growth, and foster innovation, focussing on cross-border transactions in the UAE and…

Bank Sakhis are taking banking to rural India. Reuters India aspires to grow into a $5 trillion economy, but only 27 per cent of women participate in the workforce currently, underscoring a substantial gender gap. Bridging this disparity by promoting financial inclusion and digital literacy among women, especially in remote…

Representational image. Reuters Gold prices gained in holiday-shortened trade on Tuesday, as the US dollar and bond yields fell on rising expectations that the Federal Reserve may lower interest rates as early as March of next year. As of 0401 GMT, spot gold was up 0.5 per cent at $2,063.78…

Paytm has sacked more than 1,000 employees as it is “transforming” its operation with artificial intelligence (AI)-powered automation to improve efficiency. One 97 Communications, parent of Paytm, said the employees of multiple units including operations, sales and engineering teams. ‘AI has delivered more than expected’ A report by Moneycontrol quoted…

Chinese payments giant Alipay has initiated a $400 million accelerated bookbuild to divest its stake in the prominent Indian food delivery firm, Zomato, according to the term sheet released on Wednesday. This move follows a previous report by Reuters on Tuesday, indicating Alipay’s intention to sell its 3.4 per cent…

CNBC-TV18 and Moneycontrol will host their first-ever AI Conclave on 16 December, 2023 at the JW Marriott in Bengaluru, Karnataka. Presented by Palo Alto Network, the AI Conclave will see thought leaders, policymakers, and experts from around the world coming together to explore the transformative power of Artificial Intelligence (AI)…

Sensex settles at fresh life-time high. PTI Sensex and Nifty opened Monday, 4 December, at fresh all-time highs with analysts saying the sweeping victory of the ruling Bharatiya Janata Party (BJP) in Assembly elections 2023 in three states – Rajasthan, Chhattisgarh and Madhya Pradesh, has given fillip to the ongoing…

People walk along at financial district of Lujiazui in Shanghai, China October 15, 2021. REUTERS. China’s underperforming economy has been keeping investors at bay and in the latest, Moody’s has cut its outlook for Chinese sovereign bonds to negative from stable. The rating agency has cited lower medium-term economic growth…

By 2030, India will be the world’s third-largest economy, S&P Global Ratings said Tuesday in its “Global Credit Outlook 2024” report. India is currently the fifth largest economy in the world behind the US, China, Germany, and Japan. The US-based rating also said India’s gross domestic product (GDP) is expected…

Ernst & Young Merchant Banking Services LLP (EY) and PwC Business Consulting Services LLP (PWC BCS) have collaborated to develop a valuation assessment that establishes the fair share exchange ratio for the merger Network18 Media & Investments Ltd (Network18) and TV18 Broadcast Limited (TV18) have on Wednesday, On December 6,…

RBI Governor Shaktikanta Das. PTI. The Reserve Bank of India (RBI) Friday kept the repo rate unchanged at 6.50 per cent for the fifth consecutive time. The Monetary Policy Committee (MPC) last raised this rate by 25 bps to 6.50 per cent at its meeting in February 2023. The repo…

Representational Image. PTI. Sensex fell a whopping 931 on Wednesday to close 70,506.31. The Indian stock market went from new highs to a sharp fall within hours, as the benchmarks wiped out the morning gains on 20 December on wide-spread selling. The selling came even as the global market mood…

Paying larger amount, including hospital bills and educational institutions fees, through Unified Payments Interface, or UPI, will now be easier as the RBI Friday announced to raise its limit from Rs 1 lakh to Rs 5 lakh. The Reserve Bank of India (RBI) hiked the cap for e-mandates for recurring…

The casino and gambling in general have always been very popular in Anglo-Saxon countries. And make no mistake, Australia is no exception. Highly appreciated by Australian players from all over the country, the casino is anchored in the culture and real money pokies and other slot machine games are often…

Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund (IMF) said on Monday. “What we have been observing…

The World Bank’s latest Migration and Development Brief reveals a continuing growth in remittance flows to low- and middle-income countries (LMICs) in 2023, albeit at a slower pace compared to previous years. According to the World Bank, the report highlights India’s significant position as the top remittance recipient, drawing attention…