Month: February 2023

The recently launched retail central bank digital currency (CBDC) pilot has 50,000 users and 5,000 merchants, the RBI said on Wednesday. “We want the process to happen, but we want … Read More

Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods and said U.S. short-seller Hindenburg Research’s report … Read More

Benchmark equity indices Sensex and Nifty closed higher by more than half a per cent on Wednesday following buying in IT, financial and oil stocks after the RBI slowed down … Read More

Domestic banks’ exposure to the Adani Group is “not very significant”, and the system is strong and large enough to not get impacted by a single case, the Reserve Bank … Read More

Shree Cement Ltd reported a 43.7% fall in third-quarter profit on Wednesday, missing expectations, as persistently high input and fuel costs triggered by the Russia-Ukraine war weighed on the cement … Read More

Governor Shaktikanta Das said the RBI has made its own assessments and found that its large exposure guidelines, which cap exposures to a single company or a group, are fully … Read More

Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger “to be affected by a case … Read More

Visitors to India will have access to UPI or Unified Payments Interface (UPI) to shop in the country, Reserve Bank of India (RBI) chief Shaktikanta Das announced today. Only visitors … Read More

Shares of most of the Adani group firms gained in late morning trade on Wednesday, with flagship company Adani Enterprises rising 13 per cent. As many as eight Adani Group … Read More

Tata Consultancy Services Ltd. has secured its largest UK deal in three years with a new agreement with an insurance services provider. London-based Phoenix Group Holdings Plc. has agreed to … Read More