Foreign banks have seen their share of credit cards come down by a third. In terms of value of transactions, their share has halved as that of private and public sector banks Our BureauNew Delhi The RBI has said...
Lockdowns of varying severity are leading to reduced mobility and unemployment Our BureauNew Delhi India’s economy, which was showing signs of recovery in early 2021 after the first Covid-19 surge, has now been hit by the second wave of...
Our Bureau New Delhi With the ongoing pandemic crisis, Indian rupee has little advanced against dollar. It raised 18 paise against dollar, it was 73.60 on Friday. The rupee was supported by domestic equities and weak American currency. A day...
Rising exports are boosting some economies in developing Asia amid strengthening global economic activity, including a rebound in manufacturing Our BureauNew Delhi It may sound strange but as the pandemic gets more dangerous in India, its markets continue to...
Fitch Ratings says the resurgence of infections may delay India's economic recovery Our BureauNew Delhi Over three-fourths of small businesses in the country have shown an adverse impact on their health during the Covid-19 pandemic, with those in the...
Airtel recently became India’s first telecommunication service to demonstrate 5G over a live commercial network in Hyderabad. On Tuesday, Indian telecommunication operator Bharti Airtel and US chipmaker Qualcomm announced a collaboration for speeding up 5G in India. Airtel recently became...
A prominent group of Indian retailers on Wednesday asked the government to ban the operations of e-commerce giant Amazon in India after a Reuters report indicated that for several years, the company has been providing preferential treatment to a group...
Internal company documents reviewed by Reuters show that Amazon for several years has been providing preferential treatment to a small group of sellers on its platform in India, publicly misrepresented its ties with the sellers, and used them to dodge...
India’s Minister of Commerce and Industry Piyush Goyal said that India will now have a 74% FDI (Foreign Direct Investment) allowed through the automatic route in insurance, which the United States had specifically requested. India’s Minister of Commerce and Industry...
The announcement followed after a meeting between Senior Vice President, Amazon India Amit Agarwal, and Minister of Information and Technology Ravi Shankar Prasad. On Tuesday, Amazon announced that it will launch its first manufacturing unit in India later this year....
