The Reserve Bank of India (RBI) highlighted in its annual report on Currency and Finance that digitalisation will accelerate the internationalisation of the rupee. This will lower transaction costs for cross-border trade and investments, and reduce exchange rate risk.
The Court of Special Judge in Guwahati handed down verdicts in the APSC cash-for-job scam. It sentenced former chairman Rakesh Paul to 14 years in prison and a Rs. 2 lakh fine, with former members Basanta Kumar Doley and Samedur Rahman receiving 10-year jail terms. Additionally, 29 candidates involved in the scandal were given 4-year prison sentences and fined Rs. 10,000 each.
Wall Street's major indexes opened strong on Monday as investors prepared for the Federal Reserve's interest rate decision, upcoming Big Tech earnings, and important labor data following a recent equity sell-off.
The CBIC directed customs officials to meticulously assess cases before attaching bank accounts for customs violations. Attaching accounts should be well-documented and not routine. Investigations and adjudications must be expedited to ensure quick recovery of owed taxes and penalties. This measure protects revenue interests and requires careful consideration of each case’s specifics.
Rapido has so far raised $329 million in funding. A US-based family office and a UK-based fund are eyeing stakes in the company. The ride-hailing startup has become the third unicorn in India this year, after Perfios and Ola founder Bhavish Aggarwal's Krutrim AI.
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday.
Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand.
“This work is integral to the prosperity and security of our region. From emails to e-commerce, accessing news, social media and streaming content, we rely on a vast network of undersea cables, which carry over 95 per cent of international data traffic,” Australian Foreign Ministry said in a statement.
The Union education ministry has notified guidelines for implementing bagless days for classes 6-8 to make learning in schools more enjoyable and stress-free. These guidelines, developed by the PSS Central Institute of Vocational Education, were released on the fourth anniversary of the National Education Policy (NEP) 2020.
The government is set to operationalise 12 additional airports across 8 states and Union Territories, including one at Shibpur in Car Nicobar, under the UDAN scheme. Currently, 579 routes linking 85 airports have already been activated. A significant budget has been allocated for the revival of under-served airports.
Political strategist-turned-activist Prashant Kishor announced that he will not seek any leadership position in the political party emerging from his Jan Suraaj campaign in Bihar. He had done two years of groundwork and a formal launch scheduled for Gandhi Jayanti on October 2. The party formation process began with an office bearers' convention, with further deliberations involving thousands of members to establish party priorities, constitution, and leadership.
The local currency ended at 83.7275 against the US dollar on Monday, unchanged from its previous record low close on Friday, LSEG data showed. The currency hit its record intra day low of 83.74/$1 during Monday's trading session.
Private sector CSB Bank on Monday reported a 14% year-on-year fall in net profit for the June quarter due to higher provisions and a squeeze in net interest income..
Sify in a statement said that as a seasoned technologist and business leader, Srinivasan has an established track record in large enterprises, startups, and platform-based businesses.
Paris Olympics medal winners are being handed a slim, mysterious box and some other keepsakes apart from their respective gold, silver and bronze medals. Let's unravel the secret behind the gifts being received by the medal winners at Paris Olympics 2024.
A week after President Joe Biden decided to end his campaign and endorsed Kamala Harris, the Vice-President is surging ahead in most of the surveys. She is trailing behind Trump, though marginally. These results may change as the campaign unfolds in the upcoming months. Harris is all set to take on Trump. The Republicans will need to re-strategize after Biden’s exit and take some important decisions.
AdTotal Gas Ltd's CEO Suresh Mangalani announced on Monday that the company's total EV charging points have risen to 1,212 units by the end of June 2024. Additionally, there are over 740 EV charging points under various stages of construction.
Leader of the Opposition Rahul Gandhi requested Lok Sabha Speaker Om Birla to lift media restrictions in Parliament. He expressed concern over reporters being confined to a designated area. Birla advised Gandhi to address the issue privately, not in the House. Opposition leaders including Derek O'Brien and Karti Chidambaram stood in solidarity with journalists, labeling the restrictions as censorship. Birla later assured journalists that their concerns would be resolved.
With the recent massive scale real estate purchase, Ben Affleck hinted at the probable dissolution of his marriage to Jennifer Lopez. The couple, who have been living apart since May, has put their shared house up for sale.
Five accused in the Old Rajinder Nagar IAS coaching incident were sent to 14-day judicial custody by Delhi's Tis Hazari court, including four co-owners and a driver, bringing the total arrests to seven. The incident led to the tragic deaths of three students trapped in the flooded basement of Rau's IAS Study Circle. It has prompted investigations and actions by authorities to ensure accountability and safety in coaching centers.
Researchers and astronomers have said that Comet C/2023 A3 could be exceptionally bright and even outshine C/2020 F3 (NEOWISE), which was spotted in summer 2020. Space observers are very excited and hopeful about the comet and say that such a bright comet has not been seen for a long time.
The newly elected Labour government of the UK announced the resumption of FTA negotiations with India, emphasizing economic growth and job creation. Business and Trade Secretary Jonathan Reynolds laid out plans for international trade deals and a trade strategy that aligns with the industrial strategy, economic security, and net zero goals.
Uttar Pradesh Chief Minister Yogi Adityanath assured comprehensive arrangements for the Kanwar Yatra, emphasizing self-discipline among devotees for a smooth event. Coordinated efforts with the Centre include enhanced patrolling, cleanliness, and health camps. The yatra, from July 22 to August 6, sees devotees perform rituals with holy Ganga water.
The CUET UG results were announced by the National Testing Agency. Students must apply separately to each university for counseling. Admission is based on options and cut-off marks. Document verification and fees are part of the process. Delhi University, Jamia Millia Islamia, and Jawaharlal Nehru University have unique admission steps. No centralized counseling is available.
