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Reserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. E-commerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and ‘buy now, pay later’ (BNPL) schemes.

work from home (WFH) to championing work from office (WFO). Still, experts said once the dust settles, companies are likely to agree on a spectrum of working models from fully remote to hybrid to being in office. But right now, employers want to ensure that people actually show up in office, a push that's backed by changes in the job market. It's becoming an employers' market, said Arvind Usretay, senior director, commercial leader, India and South Asia, Mercer.

Credit card transactions surged 30% year-on-year in January despite regulatory restrictions on some business payments through this mode as reward points offered by banks were lucrative, as were the repayment terms, said experts. Reserve Bank of India (RBI) data showed that credit card transactions increased to ₹1.7 lakh crore in January from ₹1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. Ecommerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and 'buy now, pay later' (BNPL) schemes.

There can be ample roadblocks during a job hunt, including so-called «ghost» jobs.

Arvind Kejriwal arrest news: A Delhi court on Friday remanded Delhi Chief Minister Arvind Kejriwal to six days custody of the Enforcement Directorate (ED) till March 28 in connection with the Delhi Liquor Policy case. The Directorate of Enforcement (ED) arrested Delhi CM Kejriwal on Thursday in connection with the alleged Delhi Liquor scam case. The AAP Chief was produced before the court of Special Judge Kaveri Baweja.

Indian stock market to witness volatile FPI inflow amid US Fed rate cut; earnings growth key driver, say analysts Whereas, US is also witnessing a cool-off in foreign flows. However, US smallcap flows continues to show strong momentum since Jan 2024. “After record inflow of $56bn in the US last week, we saw flows cooling off with outflow of $22.6bn.

Arvind Kejriwal arrest news: Delhi's Rouse Avenue court on Friday remanded Chief Minister Arvind Kejriwal to 6-day custody of the Enforcement Directorate (ED) in connection with the Delhi excise policy case. Special CBI judge Kaveri Baweja passed the order and asked the federal agency to produce Arvind Kejriwal on March 28 at 2:00 PM. Delhi Chief Minister Arvind Kejriwal was produced in the Rouse Avenue court amid high security.

financial services, the gold loan (GL) sector, particularly NBFCs, has substantially evolved over the past two decades. It has become indispensable for lower- and middle-income households, emphasising that GLs are a crucial financial safety net for many. GLs enable individuals to access cash using gold as collateral without losing ownership. This shows its vital contribution to financial stability. They are short-term, low-obligation debt where borrowers anticipate future financial resources for repayment. GLs go beyond mere financial transactions. They encompass legacy, emotions, promises and deep-rooted trust. They are more than monetary support. They're a testament to the borrower's confidence and determination to face future challenges, fuelling aspirations in their endeavours. Efforts by GL NBFCs have propelled gold loans into a recognised financial category across India. This push has initiated a noteworthy migration from the unorganised to the formal market. Despite these strides, about 70% of gold loans are still disbursed in the unorganised sector, indicating significant room for growth and integration into the mainstream financial system.

OTTAWA (Reuters) -Canada's banking regulator is limiting the number of highly leveraged loans in banks' residential mortgage portfolios, which have ballooned alongside house prices to make Canadian borrowers among the most indebted in the world, the Globe and Mail reported on Friday.

By Max Hunder and Tom Balmforth

Certain Medicare patients may get help paying for the popular weight-loss drug Wegovy, as long as they also have heart disease

U.S. investigators say an American Airlines jetliner suffered an “anomaly” in the braking system before running past the end of a runway in Texas last month

A federal appeals court says a requirement that cigarette packs and advertising include graphic images demonstrating the effects of smoking does not violate the First Amendment

The executive director of Little Rock’s airport has died after he was injured earlier this week in a shootout with federal agents serving a search warrant at his home

Australia is set to provide $3 billion to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time

Delhi court on Friday sent Delhi Chief Minister Arvind Kejriwal to the Enforcement Directorate's custody till March 28, a day after his arrest in the excise policy-linked money laundering case. Special Judge Kaveri Baweja at the Rouse Avenue court said that Kejriwal will be produced before the court on March 28 at 2 p.m. During the proceedings, ED told a special PMLA court that Arvind Kejriwal is kingpin and key conspirator of Delhi liquor scam in collusion with his ministers, AAP leaders.

ISRO) in the Pushpak Reusable Landing Vehicle (RLV) LEX 02 landing experiment and dropped the 'Pushpak' from an altitude of 4.5 km. The shuttle was dropped from 4.5 km above the earth to a runway in Karnataka's Chitradurga by IAF's Chinook helicopter, where the landing experiment was conducted earlier in the day. The IAF shared a video from the inside of the chopper showing the shuttle being dropped towards the ground.

₹80 lkah to Air India Limited for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew. "DGCA has imposed a financial penalty of Rs. 80,00,000 (Rupees eighty lakhs) to Air India Limited for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew," PTI quoted DGCA as saying.

A new class of anticoagulant drugs on the horizon is taking fresh aim at one of cardiology’s toughest challenges: how to prevent blood clots that cause heart attacks and strokes, without leaving patients at risk of bleeding. At least a half-dozen experimental blood thinners are in development that inhibit a protein called factor XI, one of several blood factors that regulate how the body forms clots. The challenge is this: The body generates two types of clots—good ones that plug holes in blood vessels to stop bleeding caused by external injuries, and bad ones that grow inside arteries and veins.

Since the beginning of March, the S&P 500 has been undergoing a nice consolidation, which passed between the day before yesterday and yesterday.

Investors, once eager to pump in billions of dollars in promising Indian tech ventures, are now going slow and cutting smaller cheques. They've been burnt by ignominious falls from grace — and valuations — for once-marquee young firms or market debutants of recent years such as digital payments company Paytm.