A new Aadhaar-based framework has been rolled out for cooperative banks, paving the way for them to offer authentication and eKYC services that had long remained out of reach due to compliance and cost hurdles.Announcing the initiative at a workshop in New Delhi on Friday, Cooperation Ministry Secretary Ashish Kumar Bhutani said the move will…
The commerce ministry reported on September 16 that discussions with the visiting US delegation were constructive. India-US trade deal talks are back on track with commerce minister Piyush Goyal expected to visit America soon. The visit would follow the recent one-day discussions between US Chief Negotiator Brendan Lynch and Indian counterpart Rajesh Agrawal in India,…
MUMBAI: The International Civil Aviation Organization (ICAO) will take up 14 working papers submitted by the International Air Transport Association (IATA) at its 42nd Assembly in Montreal this month. These papers cover aviation safety, sustainability, and efficiency, with a strong focus on boosting Sustainable Aviation Fuel (SAF) production, reaffirming CORSIA as the sole global climate…
Gold rate today: Gold prices bounced back in the national capital on Friday, rising by Rs 800 to Rs 1,14,000 per 10 grams, driven by strong global cues amid escalating geopolitical tensions and renewed trade frictions between the US and China. The yellow metal of 99.9 per cent purity had closed at Rs 1,13,200 per…
India’s foreign exchange reserves rose by $4.698 billion to $702.966 billion for the week ended September 12, according to data released by the Reserve Bank of India on Friday.This marks the second consecutive week of robust accretion, after reserves had climbed $4.038 billion to $698.268 billion in the previous reporting week, PTI reported.Foreign currency assets,…
India’s stock markets are being propped up largely by consistent mutual fund investments, which are preventing a sharper fall despite heavy outflows, Jefferies has said in a new report.The brokerage noted that without these steady inflows, the high level of equity supply in the market could have triggered a collapse, news agency ANI reported. “Indian…
The Trump administration has been pushing European allies to accelerate their reduction of Russian fuel imports. (AI image) Looking to pressurise Russia, the European Union is now looking to hasten its phaseout of Russian liquefied natural gas imports. The new plan aims to stop imports of Russia’s LNG ahead of its original 2027 deadline, following…
Pete Hoekstra (Image/X@USAmbCanada) and Donald Trump (AP image) The US ambassador to Canada Pete Hoekstra has voiced frustration over what he sees as growing anti-American sentiment in the country, including from political leaders, following US President Donald Trump’s decision to impose tariffs on much of the world.Speaking at a Halifax Chamber of Commerce event on…
Unlike IPOs (where investors benefit from listing gains if shares are priced below their fair value), NFOs are not available at a “discount”. (AI image) The flood of NFOs is not abating. Some 25 new funds were launched in August, and the rush has continued in September. Four NFOs are open right now, and seven…
The ministerial delegation, comprising over 70 representatives, aims to boost exports in sectors including textiles. (AI image) India and the UAE are looking to reach a figure of $100 billion trade in non-oil and non-precious metal segments – double from the levels right now. The plan has been outlined to achieve the target in the…
