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Posted in Economy

Government approves introduction of one billion polymer banknotes of Rs 10 and 20

New Delhi: The government has approved the introduction of one billion polymer banknotes of Rs 10 and Rs 20 for field trials, Parliament was informed…

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Posted in Economy

Over 6,000 agriculture students to get scholarships via NSP-DBT, Rs 21.35 crore disbursed: Shivraj Singh Chouhan

More than 6,000 agriculture students will receive scholarships and fellowships directly into their bank accounts every month under a new National Scholarship Portal (NSP)-Direct Benefit…

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Union Finance Minister Nirmala Sitharaman speaks in Rajya Sabha during the Monsoon session of Parliament in New Delhi. (Sansad TV)
Posted in Business

No transaction charge on UPI for users, small merchants: Nirmala Sitharaman

Indian customers will continue to use instant digital payments without paying any transaction charge, Union finance minister Nirmala Sitharaman assured the Parliament on Monday, saying…

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Role of smartphone financing is no longer about offering longer EMI tenures; it’s about making monthly ownership more affordable. (iStock representative)
Posted in Business

Longer financing tenures underline India’s smartphone purchases

In a rather worrying trend, India’s smartphone financing system is clocking longer tenures, as consumers with an intention to buying premium phones, are willing to…

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Yulu, Bounce seek funds as gig-EV rentals zoom
Posted in Startups

Yulu, Bounce seek funds as gig-EV rentals zoom

Electric mobility startups Yulu and Bounce Infinity are in talks to raise $50 million and $20-25 million, respectively, to expand their electric vehicle (EV) rental…

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India-SACU trade pact terms may be signed tomorrow
Posted in Economy

India-SACU trade pact terms may be signed tomorrow

New Delhi: India and the Southern African Customs Union (SACU) are likely to ink the terms of reference (ToRs) for a preferential trade pact on…

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Unemployment rate up at 5.4% on rise in rural joblessness in Q1
Posted in Economy

Unemployment rate up at 5.4% on rise in rural joblessness in Q1

New Delhi: India’s unemployment rate rose to 5.4% in the April-June period from 5% in the preceding quarter, driven primarily by an increase in the…

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Posted in Economy

Rice use for ethanol may rise as maize, sugarcane acreage falls this Kharif season

New Delhi: India may have to rely more heavily on rice for ethanol production this year as lower kharif acreage under maize and sugarcane raises…

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Kharif Sowing Near Normal as Rainfall Deficit Shrinks
Posted in Economy

Kharif sowing near normal as rainfall deficit shrinks

New Delhi: The area planted with major kharif crops increased to 87.7% of the normal seasonal average by August 7, down only 1.8% year-on-year, as…

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JPMorgan raises its S&P 500 target to 8,000 (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

S&P 500 to 8,000? Why JPMorgan is betting on earnings despite high valuations

JPMorgan is becoming more bullish on the US stock market. Strategists at JPMorgan Chase & Co. have raised their year-end target for the S&P 500…

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