Wholesale inflation hits 8-month high of 0.8% in December
New Delhi: Wholesale prices moved out of deflation after two straight months, recording an eight-month-high inflation of 0.83% in December, official data released Wednesday showed,…
RBI proposes changes to banks’ forex positions
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a…
House-help startup Pync shuts down amid fierce competition; founders to join Snabbit
In what could be an early sign of consolidation in the fast-growing instant house-help segment, Bengaluru-based Pync, backed by Accel and General Catalyst, is shutting…
PM Modi to address National Startup Day event on Friday| Business News
NEW DELHI: The government plans to involve big private firms in hand-holding youth to encourage next-generation technopreneurs in areas such as deep tech and artificial intelligence (AI),…
RBI issues norms for internal ombudsman in banks, NBFCs
Mumbai, The Reserve Bank on Wednesday issued guidelines for the appointment and functioning of internal ombudsman in banks and NBFCs with an aim to strengthen…
Indian exports to China rise in 2025 but trade deficit touches record high of $116 billion
Beijing, India’s exports to China posted a USD 5.5 billion increase compared to last year bucking the declining trend even as the trade deficit hit…
India eyes public-private partnership to explore world’s largest thorium, monasite reserves
NEW DELHI: The Centre is looking to rope in private players to explore rare-earth materials such as thorium and monazite with India having largest reserves…
India, EU teams in constant engagement to resolve contentious issues of FTA: Official
New Delhi, Indian and EU teams are in constant engagement to resolve the remaining contentious issues in the proposed free trade agreement (FTA) ahead of…
FDI inflows surge $51 billion in 6 months as govt pushes manufacturing, startup collaboration: DPIIT Secy
India has received foreign direct investment (FDI) worth USD 51 billion in the last six months, reflecting sustained global confidence in the country’s growth story,…
Govt pushing corporates to increase engagement with startups: DPIIT Secretary
The government is pushing corporates to increase their engagement with startups with a view to promoting the growth of budding entrepreneurs and boosting domestic manufacturing…