RBI’s Sovereign Gold Bond Scheme 2023-24 tranche 2 opens today: All you need to know
NEW DELHI: The Reserve Bank of India (RBI) has opened the next tranche of Sovereign Gold Bond opened for subscription from September 11.On the Friday, the RBI has fixed the issue price at Rs 5,923 per gram.“The nominal value of…
Iron ore rebounds on improved China data, resilient demand
BEIJING: Iron ore futures prices rebounded on Monday as a risk-off sentiment, stoked by Beijing’s latest market oversight move, gradually eased amid improved economic data from the world’s second-largest economy. The most-traded January iron ore on China’s Dalian Commodity Exchange…
Cryptocurrencies: No big crypto call for now, India to talk on regulation
NEW DELHI: The government does not appear to be in a hurry to decide on the way forward for cryptocurrency assets. A senior official said on Sunday that India will hold extensive consultation with other countries before coming to any…
Boeing sees no slowdown in Indian skies
New Delhi: Asserting that the Indian aviation sector‘s growth fundamentals are strong, Boeing has said significant skilling of people to meet demand, rationalisation of fuel taxes and continued infrastructure investments will keep the growth going. Boeing, which has hundreds of…
Finance minister Nirmala Sitharaman: External debt-service ratio within comfort zone
NEW DELHI: India’s external debt of $624.7 billion at March-end 2023 with a debt-service ratio of 5.3% is within the comfort zone and modest from a cross-country perspective, FM Nirmala Sitharaman said in her foreword to ‘India’s External Debt: A…
Feel tricked by app design? Government to act against deceptive ‘dark patterns’
BENGALURU: Did a shopping site sneak an item like a donation into your online shopping basket? Online platforms are using deceptive design patterns using UI/UX (user interface/user experience) interactions to mislead users, thereby violating consumer rights. The ministry of consumer…
India’s G20 presidency set path for world: World Bank president Ajay Banga
NEW DELHI: World Bank President Ajay Banga on Sunday said that India in its G20 presidency has set a path for the world and lauded that the G20 declaration was anonymously adopted by all G20 nations.“I consider the fact that…
RBI likely to start digital rupee pilot in call money market by October
NEW DELHI: The Reserve Bank is likely to launch the pilot of Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market by October, central bank Executive Director Ajay Kumar Choudhary said on Sunday.The pilot of…
Elon Musks: Elon Musk’s social media site X sues California over content moderation law
Elon Musk’s social media platform formerly known as Twitter has sued the state of California over a law requiring social media companies to publish their policies for removing offending material such as hate speech, misinformation and harassment. The first-of-its-kind legislation…
Meta: Meta Platforms must face medical privacy class action
A US federal judge said Meta Platforms must face a lawsuit claiming that it violated the medical privacy of patients who were treated by hospitals and other healthcare providers that used its Meta Pixel tracking tool. US District Judge William…