India has eliminated all queues by going online: PM

Prime Minister Narendra Modi was addressing a gathering after inaugurating Digital India Week 2022. He said India has eliminated queues or lines by going online and offering a host of services. Modi said time will not wait for a country which does not adopt new technology when required. Gujarat has taken a lead in this initiative too, as the state had already taken initiatives like data centre, GSWAN, e-Gram and ATVT Jan Seva Kendra.
#NarendraModi #India #Finance


2 hours ago

UPI transactions remain above Rs 10 lakh crore in June for second month in a...

Unified Payments Interface (BHIM UPI) digital payments in June 2022 stood at Rs 10,14,384 crore. UPI-enabled digital transaction remained above Rs 10 lakh crore in June for the second month in a row. However, it was down by nearly 3 per cent from the previous month.
#UPI #UPI #BusinessIndustrial #News #BusinessNews


10 hours ago

PNB Fixed Deposit Interest Rates Hiked for These Tenors: Check Latest FD Rates Here

Punjab National Bank has announced a hike in its fixed deposit interest rates. The PNB FD rates are applicable on deposits below Rs 2 crore and will be effective from July 4, Monday. Other rates have been kept unchanged by the public sector lender. Several lenders, including ICICI Bank, State Bank of India and HDFC Bank, have increased their interest rates for deposits.
#PunjabNationalBank #Finance #Banking #CreditLending


12 hours ago

HDFC Bank records 21.5% loan growth in Q1

HDFC Bank registered a 21.5 per cent rise in loans to Rs 13,95,000 crore in the first quarter this fiscal. The credit book was Rs 11,47,700 crore as of June 30 last year. The bank purchased loans aggregating Rs 9,533 crore through the direct assignment route.
#HDFCBank #Finance #CreditLending #Banking


13 hours ago

Government’s windfall tax seen netting $12.7 billion, cut budget gap

Tax on production of crude, and exports of petrol, diesel and aviation fuel could garner about 1 trillion rupees ($12.7 billion) for the government. India joined a growing number of nations that are taxing energy firms to cope with surging costs. It also increased taxes on gold imports to control the widening current account gap and slow the rupee's fall.
#India #BusinessIndustrial #News #BusinessNews


14 hours ago

India’s windfall tax seen netting $12.7 billion, cut budget gap: Report

Tax on production of crude, and exports of petrol, diesel and aviation fuel could garner about 1 trillion rupees ($12.7 billion) for the government. India joined a growing number of nations that are taxing energy firms to cope with surging costs. It also increased taxes on gold imports to control the widening current account gap and slow the rupee's fall.
#India #BusinessIndustrial #News #BusinessNews


14 hours ago

Nomura Says Many Major Economies Will Hit Recession In 2023

A report by Nomura Holdings Inc revealed many major economies will enter recessions over the next 12 months. This is spurred due to tightening government policies and rising living costs which will push the global economy into a ‘synchronized growth slowdown’ Nomura said the Eurozone, the UK, Japan, South Korea, Canada, Australia and the US will fall into recession.
#Nomura #Japan #BusinessIndustrial #News #BusinessNews


14 hours ago

SBI customer? Call on these toll free numbers to avail banking services on phone

State Bank of India (SBI) has released two new toll free numbers, by calling on which its customers can avail banking services on their phone. This will, therefore, also help them avail these facilities on bank holidays, as well as on second Saturdays and Sundays. By calling on either of these numbers, SBI customers can access the following services: Account balance and details of last five transactions.
#StateBankofIndia #Finance #Banking


16 hours ago

HDFC-HDFC Bank Merger Proposal Receives Go-Ahead From BSE, NSE; What Happens Next?

HDFC Bank and parent HDFC inched closer to merger process as stock exchanges give thumbs up to their amalgamation scheme. After the merger with HDFC, HDFC will become one of the largest banks in the world. This deal is worth about Rs 4.53 lakh crore, which is the second-largest business deal so far in 2022 this year.
#HDFCBank #Finance #Banking


16 hours ago

British Army’s Twitter and YouTube accounts restored after hack

The British Army regained control of its Twitter and YouTube accounts on Sunday after they were briefly hacked and used to post about cryptocurrencies and non-fungible tokens. The army’s YouTube account, which had been renamed ‘Ark Invest’ and showed several videos relating to cryptocurrency was also restored to its original state.
#BritishArmy #Finance #Investing #CurrenciesForeignExchange


17 hours ago

Rupee falls 9 paise to 79.03 against US dollar in early trade

The rupee depreciated 9 paise to 79.03 against the US dollar in opening trade on Monday. Forex traders said the weakness of crude oil prices is supporting the local unit. Inflation and growth worries in India and globally could cap the appreciation bias.
#Forex #India #News #Finance #Investing


17 hours ago

Tether fails to calm jittery nerves with short sellers circling

Short sellers have boosted bets against Tether in the past month, the Wall Street Journal reported. Tether, the biggest stablecoin, has been under scrutiny since the collapse of TerraUSD in early May. The token is backed by ample reserves and working smoothly, backers say.
#WallStreetJournal #Finance #Investing


18 hours ago

Stock Market This Week: Q1 Results, Oil Prices, Macro Data, Other Factors to...

The BSE Sensex surged 179.95 points or 0.34 per cent to 52,907.93 during the week ended Friday. The Nifty surged 52.80 per cent to 15,752.05. On July 1, a hike in the export tax on oil producers pulled down the oil & gas space.
#Nifty #BusinessIndustrial #Finance #Investing


18 hours ago

4 men convert duped money into cryptocurrency to hide trail, held

Four men arrested from Rajasthan's Chittorgarh for allegedly cheating people on the pretext of securing online loans and converting the cheated amount into cryptocurrency. Police sources said the accused might have duped hundreds based on the recoveries — 15 debit cards, seven mobile phones, 27 SIM cards, a dongle, a laptop, a tablet, six cheque books, and a BMW car.
#Rajasthan #Finance


20 hours ago

British Army's Twitter and YouTube accounts restored after hack

British Army regained control of its Twitter and YouTube accounts on Sunday after they were briefly hacked and used to post about cryptocurrencies and non-fungible tokens. Earlier the account had retweeted several posts about NFTs. The army's YouTube account had been renamed 'Ark Invest' and showed videos relating to cryptocurrency.
#BritishArmy #Finance #Investing #CurrenciesForeignExchange


21 hours ago

4 men convert duped money into cryptocurrency to hide trail, held

Four men arrested from Rajasthan's Chittorgarh for allegedly cheating people on the pretext of securing online loans and converting the cheated amount into cryptocurrency. Police sources said the accused might have duped hundreds based on the recoveries — 15 debit cards, seven mobile phones, 27 SIM cards, a dongle, a laptop, a tablet, six cheque books, and a BMW car.
#Rajasthan #Finance


Yesterday

Forget Web3

A French company, Lyra Network, just announced it would deploy UPI. Entrance into the European Union is just the latest international move for UPI. Merchants in Singapore, Malaysia, Thailand, Philippines, Vietnam, Cambodia, and Bhutan accept UPI payments through QR code payment systems common in Asia.
#LyraNetwork #French #Singapore #Finance #Investing #CurrenciesForeignExchange


Yesterday

Crypto exchange Coinbase looks to expand footprint in Europe

Cryptocurrency exchange says it is expanding in France, Italy, Spain and the Netherlands. The company slashed 1,100 jobs in June, constituting nearly 18% of its workforce. In June, the company slashed its workforce by 18% in the digital asset market.
#Coinbase #France #Finance #Investing #CurrenciesForeignExchange


Yesterday

IDBI Executive exam admit card released; how to download

The Industrial Development Bank of India (IDBI) has released the admit cards for the recruitment exam. Applicants can download their hall ticket at the official website — idbibibank.iN. The examination will be conducted on July 9, 2022, for the executive post in online mode.
#IndustrialDevelopmentBankofIndia #Finance #JobsEducation #Education


Yesterday

Two men cheat Pune bank of ₹65 lakh by securing loan on forged docs

Wakad police registered case as per the complaint filed by the bank manager. Accused Swapnil Madhukar Bhumkar and Pravin Shinde used forged ITR and manipulated bank statements to apply for a loan. Police say one of the accused is associated with three more bank loan fraud cases, in which he used forged documents to get loan for his client.
#SwapnilMadhukarBhumkar #Pune #LawGovernment #Legal #Finance


Yesterday