Month: June 2026
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
KOLKATA: The Reserve Bank of India on Wednesday temporarily removed the interest rate ceiling on non-resident deposits allowing banks to go all-out in overseas fund…
PhonePe, Google Pay duopoly weakens as market share slips below 80%
Fintech giants PhonePe and Google Pay’s combined UPI market share slipped to 79% in May, according to data from the National Payments Corporation of India…
UK-India free trade deal to kick in on July 15, cutting tariffs by over $480 mn in year one
The United Kingdom and India on Wednesday announced that their landmark Free Trade Agreement (FTA) will enter into force on July 15, less than a…
UK-India free trade deal to kick in on July 15, cutting tariffs by over $480 mn in year one
The United Kingdom and India on Wednesday announced that their landmark Free Trade Agreement (FTA) will enter into force on July 15, less than a…
Maharashtra advises farmers to do fodder planning to avoid a potential shortage due to El Nino
The Maharashtra government has advised its farmers to pay special attention to fodder planning as the El Nino can possibly create a fodder shortage. “The…
Sarvam AI’s Pratyush Kumar joins AI executive huddle with G7 leaders
Bengaluru-based Sarvam AI co-founder Pratyush Kumar was among top artificial intelligence executives such as Sam Altman and Dario Amodei who joined the lunch meeting with…
India-EU free trade deal to be inked by year-end: Ursula von der Leyen
Evian-Les-Bains (France): India and the European Union will sign the ambitious free trade agreement by the end of this year, top EU leader Ursula von…
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds
The Reserve Bank of India (RBI) on Wednesday temporarily relaxed interest rate restrictions on certain non-resident deposits, giving banks greater flexibility to offer higher returns…
US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materials
The US government awarded $500 million on Wednesday to startup SandboxAQ to develop new chemicals and materials for domestic semiconductor manufacturing, including alternatives to PFAS…
China to support IPOs by ‘future industry’ startups, large model companies
China took fresh steps on Wednesday to fund tech innovation amid an intensifying rivalry with the U.S., saying it would support listings of startups in…