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Indo-French accelerator unveiled to spur tech innovation

Bengaluru, April 16 -- An Indo-French accelerator was launched on Thursday here for driving innovation in technology in the presence of visiting French foreign minister Jean-Vyes Le Drian and Karnatak... Read More


Citigroup to exit consumer banking ops in India, 12 other countries

New Delhi/New York, April 16 -- In a global restructuring to allocate resources in markets with scale, Citigroup will exit consumer banking operations in India as well as 12 other countries. The mult... Read More


India stood firm to China's shove and push tactics: Gen Bipin Rawat

New Delhi, April 16 -- India stood firm to China's 'shove and push tactics' on the northern borders in Eastern Ladakh, Chief of Defence Staff General Bipin Rawat said on Thursday. China feels that ju... Read More


LIC employees to get over 25% wage hike

Chennai, April 16 -- The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on a happy note with over 25 per cent hike in their pay packets,... Read More


Invited Tesla to manufacture EVs in India: Gadkari

New Delhi, April 16 -- Union Road Transport and Highways Minister Nitin Gadkari on Thursday said that he has invited electric vehicle (EV) major Tesla Inc to start manufacturing EVs in India. In his ... Read More


Amazon launches $250 mn fund to support Indian startups

New Delhi, April 16 -- E-commerce major Amazon on Thursday announced a $250 million fund - Amazon Smbhav Venture Fund - to invest in startups and entrepreneurs focusing on technology innovations in SM... Read More


RBI sets up new Regulations Review Authority

Mumbai, April 16 -- The Reserve Bank of India (RBI) has set up a new Regulations Review Authority (RRA 2.0) for a period of one year to review regulatory prescriptions internally as well as by seeking... Read More


Goldman Sachs reduces Q2 GDP, earnings forecasts as rising Covid cases fuel concerns

New Delhi, April 16 -- Goldman Sachs has downgraded Indian consumer discretionary stocks, which include autos and consumer durables, from overweight to marketweight given the near-term earnings impact... Read More


SBI says charge on cash withdrawals to stay, digital transactions exempted

New Delhi, April 16 -- The country's largest bank, State Bank of India, on Thursday said that the bank has retained charges on cash withdrawals over and above four free withdrawals per month but has s... Read More


RBI received 8 applications to set up universal, small finance banks

Mumbai, April 16 -- The Reserve Bank has received eight applications for acquiring 'on tap' licenses to set up universal banks and small finance banks. The RBI received four applications each to set ... Read More