COST Financial News

NEW DELHI : The number of countries where the Unified Payments Interface (UPI) “is live" is set to double in the next 12 to 18 months, said Ritesh Shukla, the chief executive officer of NPCI International, the firm running India’s flagship retail payment and settlement system. European countries will be a key focus for greater collaboration and commercial partnerships, including Lyra, a French firm that will be an interoperability partner for UPI in France. In addition, India and the UAE, home to a large number of Indians, are working to operationalize cross-border remittances and personal payments.

Reliance Industries Limited (RIL) aims to provide affordable green hydrogen as a viable alternative to traditional fuels, said Chairman Mukesh Ambani in Ambani in RIL's integrated annual report 2022-23 released on Sunday. «A switch to cleaner energy sources is key to our decarbonisation strategy. We are making significant strides in establishing a world class solar energy value chain...Our goal is to provide affordable green hydrogen as a viable alternative to traditional fuels,» Ambani said in his address to shareholders.Reliance is among the largest global producers of grey hydrogen.

Uttar Pradesh Social Welfare Minister Asim Arun on Sunday said the Supreme Court's directives in the Gyanvapi Mosque case are welcome and that a final decision should be made on the basis of evidence. The Supreme Court on August 4 refused to stay an Allahabad High Court order that allowed an ASI survey of Varanasi's Gyanvapi mosque, an exercise the Muslim side says will «reopen wounds of the past». The SC bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, asked the Archaeological Survey of India not to carry out any invasive act during the survey to find out if the 17the century mosque was built on a Hindu temple.

Narendra Modi laid the foundation stone for the revamp of 508 stations across the country, railways minister Ashwini Vaishnaw on Sunday that said in the name of station redevelopment project there will be no hike in fares. About ₹25,000 crore needed for the redevelopment project will be allocated through the current Budget, asserting that the project is aimed at facilitating seamless travel for passengers across all strata of society, Vaishnaw said. “PM Modi is working to elevate the lives of the common people.

₹4 trillion in the last fiscal year, registering a 28% rise from 2021-22, a Mint analysis showed. The analysis is based on 439 of the BSE 500 companies for which data was available. This includes proposed payouts, and uses both audited and unaudited numbers.

₹38,905 crore, but was 4% lower sequentially owing to faster deposit growth of 2.4% versus loan growth of 1.1%. Lower provisions and strong growth from non-interest income meant net profit more than doubled year-on-year to ₹16,884 crore. The bank continues to maintain stable asset quality metrics, which is a bonus.

Railways Minister Ashwini Vaishnaw said Sunday after Prime Minister Narendra Modi laid the foundation stone for the revamp of 508 stations across the country. Vaishnaw said about Rs 25,000 crore needed for the redevelopment project will be allocated through the current Budget, asserting that the project is aimed at facilitating seamless travel for passengers across all strata of society. «PM Modi is working to elevate the lives of the common people.

BJP considers «Brahmin religion», which is followed by only 10 per cent of the people, as «Hindu religion» and there exists nothing like «Hindu religion», Samajwadi Party leader Swami Prasad Maurya has said. Maurya said the party does not consider tribals, Dalits, and other backward classes, who form the majority of Indians, as Hindus, and characterises the entire religion only with Brahmins. In an interview with PTI, the politician also called the ruling BJP-led NDA, a «Non-Democratic Alliance», as he exuded confidence that the opposition bloc's INDIA will deliver a defeat to the two-time Narendra Modi government at the Centre in the coming general election.

'The Big Money Show' co-host Brian Brenberg speaks with voters in Fox Square about American's credit rating downgrade.

Reliance Industries Ltd. said it expects shares of its financial services business to be listed soon as the conglomerate seeks to propel its recently carved out unit into India’s largest non-banking lender, leveraging the prowess of the digital and retail businesses. “The new entity is expected to unlock value for shareholders and give them an opportunity to be a part of a new growth platform,” Reliance’s billionaire chairman Mukesh Ambani in his message to shareholders in the annual report for the financial year that ended Mar.

digital economy, as well as one that takes cognizance of the need to safeguard such personal data from misuse. The Bill breaks new ground in its legislative drafting.

World Trade Organization (WTO) rules designed for barrier-free trade, which may explain the citation of ‘security’ as a motive—it’s a carve-out that could allow such curbs. Possible exposure to Chinese spyware has been hinted at. While both geo-strategic and job creation ends may possibly be served this way, we must also weigh the costs.

Let’s face it – investing in retail now is as contrarian as it gets. Domino’s Pizza Enterprises, the master franchisee for Domino’s in Australia and New Zealand, has been out of favour with investors for some time.

‘The Ramsey Show’ co-host Jade Warshaw on what is driving energy costs higher and gives tips on how to cut back.

Let's take a look at how certain countries are dealing with the problem: 1) Italy Italy has introduced entrance fees to some of its popular tourist attractions. This measure is being taken to to help control the number of visitors and generate revenue for local authorities. Venice now requires tourists to pay an entrance fee of €3 to €10 to access the city and its islands. This has helped in reducing the visitors and improve the quality of life for locals. 2) Greece Greece in a recent announcement said that they will be implementing time slot system in its most visited site, the Acropolis. Additionally, daily visits to the Acropolis will be limited to 20,000 individuals, with visitors being assigned specific hourly slots during the monument's 12-hour daily operation. Greece has also decided to charge entry fee to some of its tourist spots.

Narendra Modi laid the foundation stone for the redevelopment of 508 railway stations across the country via video conferencing on Sunday. Redeveloped at a cost of more than ₹24,470 crore, the 508 stations are spread across 27 states and union territories, including 55 each in Uttar Pradesh and Rajasthan, 49 in Bihar, 44 in Maharashtra and 37 in West Bengal. The railways has set an internal target of one-and-a-half years to two years to complete the projects.

RBI Governor-headed six-member Monetary Policy Committee's (MPC) meeting is scheduled on August 8-10. The policy decision will be announced on August 10 by Governor Shaktikanta Das. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent.

Modi on Sunday accused the opposition of playing «negative politics» and said now the entire country is rooting for corruption, dynasty and appeasement to 'quit India'. Addressing an event after laying the foundation stone for redevelopment of 508 railway stations across the country via video conferencing, he alleged that a section of the opposition is working on the principle that neither will they work nor let others work. A modern Parliament building has been built but part of the opposition even opposed that, Modi said.

Given the diverse nature of business which an individual pharma company does, each company is an industry in itself. But because they are clubbed in a common sectoral word called “Pharma stock” and tend to move in tandem even though one segment would gain at the cost of another.

₹1 lakh crore to keep Air India afloat before selling it to the Tatas for ₹2,400 crore and saddling the conglomerate with ₹61,000 crore of legacy debt and liabilities. Dutch carrier KLM, the world’s oldest airline in operation, is still afloat thanks to a merger with another government-backed airline, Air France. Meanwhile, Italian carrier AlItalia shut shop in 2021 after going bust.

Big Japanese investors in Australia’s resources sector sent more than $9 billion of dividends back to Tokyo in the past year, but issued a fresh warning about the risk posed by government interventions in commodity markets.