The BIS will oversee the implementation of these orders, and the...
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RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The potential rate cut is coming after the domestic rate-setting...
Corporate ‘Irritation’ over ESG fueled by significant costs
There’s evidence to suggest that fund managers devoting lots of...
Maruti Suzuki to phase out pure petrol-powered cars in 10 years
The move comes as Maruti, India's biggest car manufacturer, looks to update its product offerings in line with green targets set by the Indian government, the report said BENGALURU: Automaker Maruti Suzuki India will phase out vehicles that run completely on petrol in...
Big tech firms offering financial services pose risk to financial stability: RBI
FinTech innovations are ubiquitous, especially in retail and wholesale payments, financial market infrastructures, investment management, insurance, credit provision, and equity capital raising, and may lead to material changes in the financial landscape, it said....
India’s monsoon rains cover entire country but still down on average
India is likely to receive monsoon rainfall between 94% and 106% of the long-term average in July, the most crucial month for planting rice and a host of other summer crops such as corn, cotton, soybean and sugarcane, the India Meteorological Department had said on...
Top billionaires lose $1.4 trillion in worst half ever
Elon Musk, co-founder,Tesla Musk, Tesla's co-founder, still has the biggest fortune on the planet, at $208.5 billion, while Amazon's Bezos is second with a $129.6 billion net worth, according to the Bloomberg Billionaires Index Elon Musk's fortune plunged almost $62...
Saving Ocean: Global emergency
Among the challenges the Ocean faces are coastal erosion, rising sea levels, warmer and more acidic waters, marine pollution, overexploitation of fish stocks and decrease of marine biodiversity Recognizing the past “collective failure” in the Conference’s final...
COVID-19 Pandemic: Risk lessons in a complex, inter-connected world
Today’s interconnected world is an evolving system, and disastrous events are often the results of systemic failures. The new UN report shows that It’s time to develop a deeper understanding of systemic risks, how they trigger other hazards and shocks, often in...
Carmakers post sales growth in June as semiconductor woes show signs of easing out
''Despite the global supply chain constraints, we are still managing to achieve milestones in record time,'' Kia India Vice President & Head of Sales and Marketing Hardeep Singh Brar said New Delhi: Major carmakers, including Maruti Suzuki, Hyundai, Tata Motors on...
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
Rishi Sunak,British Chancellor "Financial service is an area where there's an enormous opportunity for both of our countries. India's goal is to spread insurance across the entire economy because insurance is a great thing for enabling protection for individuals and...
India gets $1.75 bn World Bank loan for Ayushman Bharat, private investment
Through this combined financing of USD 1 billion, the World Bank will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, the World Bank said in a release on Friday New Delhi: The World Bank has...
Cryptocurrencies a clear danger to financial systems: RBI Governor
In the foreword to the 25th issue of the Financial Stability Report (FSR) released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention "We must be mindful of the emerging risks on...