Retail digital payments in India have grown from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in the financial year 2023-24 —- approximately 100-fold increase over 12 years, a new RBI report has revealed. ...
Morgan Stanley on Tuesday said that it expects the Reserve Bank of India (RBI) to commence the rate easing cycle with a 25-bps rate cut, reflecting the current domestic growth-inflation dynamics. ...
The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average growth rate) of 74 per cent over the last five years, according the RBI’s payment system report. ...
Confidence in India’s economic growth remains strong and 62 per cent of high-net-worth individuals (HNIs) and ultra high-net-worth individuals (UHNIs) have expressed desire to buy luxury properties in the country in the next 12-24 months, according to a report on Tuesday. ...
India’s trade with the USA is on the upswing with robust growth being recorded in December in the bilateral exports of the two countries despite the disruption in shipping due to geopolitical tensions. ...
The ‘Mann Ki Baat’ programme has become a transformative initiative highlighting the stories of ordinary citizens making extraordinary contributions to society, Union Minister of Railway and Electronics and Information Technology, Ashwini Vaishnaw, said on Sunday. ...
The total investment announcements stood at Rs 32.01 lakh crore in the nine months this fiscal (FY25), marking a 39 per cent increase from Rs 23 lakh crore in the same period last fiscal, reflecting a positive investment outlook, the government said on Sunday, citing a recent report by the State Bank of India (SBI)...
South Korea's major brokerage houses are expected to have racked up decent earnings last year on the back of increased trading of overseas stocks, industry sources said on Monday. ...
US-based artificial intelligence (AI) company Perplexity has reportedly submitted a revised proposal to merge with Chinese short-form video platform TikTok. ...
Smartphone processor performance has taken the lead in smartphone purchase decisions among Indians, followed by battery life, storage capacity and camera quality, according to a report on Monday. ...
