In order to promote cross-border financial transfers, India and Indonesia intend to settle bilateral transactions s in local currencies and connect their quick payment systems, according to a top Indian government official.

According to statistics released by the Commerce Ministry on Friday, India’s wholesale inflation decreased for the third consecutive month in June, falling to 4.12% on an annual basis from a contraction of 3.48% in May. It was 16.23 percent in June of the previous year.

Prime Minister Narendra Modi has declared the Unified Payments System (UPI) which has achieved great success in India and will now be launched in France. This groundbreaking step aims to provide Indian tourists with the opportunity to make payments in rupees without the hassle of forex cards or cash. UPIs ongoing progress is evident through its recent agreements with Singapore and France. And there are further plans to extend its services to the United States, Europe, and West Asia.

With regards to the latest ruling by the GST Council mandating a taxation rate of 28% on online gaming services, Nazara Technologies—a distinguished entity renowned for its expertise in both gaming and esports—confidently states that it foresees minimal impact.

Why Streamlining Your Payroll is Important? Efficiently streamlining processes within a company holds significant benefits, as it brings clarity to job responsibilities, accelerates processing time, and enhances adherence to regulations.

The Reserve Bank of India’s (RBI) financial stability report has revealed that private banks in India have shown a more proactive approach towards writing off bad loans than their public sector counterparts.

Confidential area loan specialist HDFC Bank on Wednesday posted its June quarter update for both independent business and the combined element. The bank’s independent business saw a development of almost 16% in progress while consolidated substance’s — HDFC Bank + HDFC — propels have risen by in excess of 13% year-on-year.

JM Financial aims to secure a final close of the fund, including co-investments, at around ₹1,500 crores. As a testament to its confidence, the group has invested 10% of the capital as a sponsor commitment into the fund. The fund will primarily provide lending for scenarios where traditional banks face limitations, such as domestic acquisitions or partner buyouts.

HDFC Bank DHFC merger: Following the merging of the HDFC twins, a large number of equity mutual funds will have more than 10% stock exposure in HDFC Bank shares.

Deepak Jasani, the Head of Retail Research at HDFC Securities, remarked, “U.S. stocks concluded Tuesday on a positive note, primarily driven by the stellar performance of mega tech stocks. The

In a statement released on a fine Wednesday, the World Bank declared that this substantial funding would play a pivotal role in empowering the state to fortify its renewable energy

Over the past year, Scapia, headquartered in Bengaluru, had maintained a secretive stance but officially unveiled itself on June 15. The company proudly offers a co-branded credit card and an