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UPI Lite wallets may be recharged automatically
The new feature will further enhance the ease of making small value digital payments
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RBI keeps policy rate unchanged at 6.5% but more MPC members want a cut; Inflation outlook at 4.5%, GDP growth at 7.2%
There were signs of a more divided policy committee with two members voting for a softening in stance as well as policy direction
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TRAI floats consultation paper for new numbering plan for fixed lines
While TRAI is exploring new number series, it is also thinking of options to penalise telecom operators if they are found holding on to unutilised fixed line phone numbers
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Unveiling the Allure of Gold Exchange-Traded Funds
Beyond its cultural and symbolic roles, gold acts as a tangible investment and economic hedge, making it an important asset that Indian households own
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RBI to soon release stressed asset securitisation rules paving the way for junk bonds
Junk bonds allure investors with the possibility of higher yields since those venturing to invest in such bonds hope to rake in better returns than those offered by safe debt instruments
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ITC gets nod to demerge hotels biz
Under the scheme of demerger, ITC Hotels will issue 60% equity shares to the shareholders of ITC
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Domestic air traffic grows 5.1% in May
The domestic air passenger traffic for FY24 was around 154 million, with a year-on-year growth of around 13 per cent
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13 countries sign sign climate financing pact
The objective of the agreement is to help member countries meet respective objectives in climate by improving market conditions
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Cost of funds of NBFCs on the rise as banks squeeze
As a direct consequence of their funds becoming costlier, non-bank entities are also heading towards a market where their margins would be squeezed
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Shortage of pilots, cabin crew could clip wings of Indian airlines sector, says consultant
The shortages of pilots, aircraft maintenance engineers, cabin crew, flight dispatchers and others is far more serious than currently estimated or visible.
