India’s Unified Payment Interface (UPI) has been launched in Sri Lanka and Mauritius on Monday, 12 February. The rollout of India’s UPI was done via video conferencing in the presence of Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth. #WATCH | Prime Minister…
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RBI retains repo rate at 6.5 pc for sixth consecutive time
RBI Governor Shaktikanta Das. ANI The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to…
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RBI Monetary Policy Committee projects GDP growth at 7% for next fiscal
RBI Governor Shaktikanta Das. ANI The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said rural demand…
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A look at highlights of RBI’s bi-monthly monetary policy
RBI Governor Shaktikanta Das. ANI The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said rural demand…
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Pakistan’s stock market crashes fearing political uncertainty
A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi. FILE/REUTERS The Pakistan Stock Exchange’s benchmark KSE-100 index went down by 1,700 points on Friday as confusion prevailed over the results of the general elections…
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A tale of transformation, tenacity and technology
Rise of Digital India. AP Indian businesses have come a long way. From days of manual labour and paper trails to a world where digital processes reign supreme. The contrast is stark. Traditional methods often meant slower operations and limited reach. Today, it’s a different story. India’s journey towards digitatisation…
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How QR codes have revolutionised small businesses in India
Representational image. Image courtesy Wikimedia Commons In the era of digital transformation, QR codes have become ubiquitous, extending their reach from high-tech businesses to the most unexpected corners of everyday life. The once-exclusive domain of corporate marketing and technological advancements has now trickled down to the street-side coconut vendor, symbolizing…
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A roadmap for business transformation
Integrating AI into business. Image courtesy Wikimedia Commons In an era defined by rapid technological advancements, businesses are presented with both challenges and opportunities to redefine their operations. Harnessing the power of Artificial Intelligence (AI) and technological innovations has become not just a competitive advantage but a necessity for those…
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Bengaluru-based Dynamatic Technologies bags contract from Airbus to build doors of A220 aircraft
Bengaluru-based Dynamatic Technologies has bagged a contract from France-based Airbus for manufacturing all the doors of its narrow-body A220 family of aircraft. The development is seen as a significant step in the expansion of the ‘Make in India’ initiative. For the unversed, Dynamatic Technologies, an Indian aviation parts maker, already…
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Snapchat owner set to lose $9 bln in market value after results disappoint
Snap tumbled 31% on Wednesday after fourth-quarter revenue missed Wall Street expectations, with the company struggling to compete for advertising dollars against heavyweights such as Meta and Alphabet. The Snapchat owner’s results are in contrast to strong advertising sales that rivals reported, a sign that advertisers are gravitating towards larger,…