RBI Monetary Policy: Repo rate hiked up, GDP, inflation forecast unchanged
Highlights of RBI Monetary Policy:
Governor Shaktikanta Das-led Monetary Policy Committee (MPC) on Friday raised the repo rate by 50 basis points (bps)...
People can receive ₹10 lakh without telling authorities after Center modifies FCRA
Union Home Ministry has amended the Foreign Contribution Regulation Act (FCRA) giving certain relaxations such as allowing relatives to send more money to India...
Central Bank of India launches Cent Kranti Credit Camp Abhiyan
During the ongoing celebrations of Azadi Ka Amrit Mahotsav, Central Bank of India has launched a mega credit campaign CENT KRANTI ABHIYAN with effect...
Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim
Ambuja Cement and ACC Cement from Holcium Group was bought by Adani Group For 82 thousand crores. Adani Group is preparing to raise overseas...
Carlyle and Advent close in on $1 billion stake in Yes Bank
The effort by Yes Bank to enlist Carlyle and Advent as equity investors for roughly $1 billion has picked up steam, following the proposed...
What is Tokenization and why you should use it
In a world where online fraud and cyberattacks constantly create hurdles in the adoption of digital payments, therefore to prevent online and digital data...
Why is Kuwait’s Currency Dinar Value the Highest in the World?
Kuwait is a small country located between Iraq and Saudi Arabia on the Persian Gulf. Its economy is primarily dependent on oil which makes...
Indermit Gill to be the next Chief Economist of World Bank from India
Indermit Gill will be the second Indian national to become the chief economist of the World Bank, after Kaushik Basu.
Gill is currently the World...
Reserve Bank of Zimbabwe introduces Gold coins to tackle inflation
In a bid to tackle chronic hyperinflation, Zimbabwe has launched new gold coins which will have "liquid asset status". This means they can be...
Central Bank of India Q1 Result: Net profit of Rs 235 crore
Today on 25th July 2022, Central Bank of India declared their first quarter result for the financial year 2022-23.
Major highlights of Central Bank...