Mumbai: SBI plans to double its mobile banking customer base to 20 crore over the next two years from 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor…
New Delhi: The unemployment rate for those in the 15 years and above age group dipped to an eight-month low of 4.7% in Nov from 5.2% in the previous month while the overall Labour Force Participation Rate (LFPR) for the same age bracket rose to a seven-month high of 55.8% during the month.The monthly bulletin…
MUMBAI: State Bank of India plans to double its mobile banking customer base to 20 crore over the next two years from the current 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital…
A fresh sweep against tax fraud has uncovered 489 bogus GST registrations in just six months, with forged PAN and Aadhaar details used to evade over Rs 3,000 crore in taxes, the government told Parliament on Monday, signalling a sharper focus on data-led enforcement, according to PTI.The latest detections, covering April to October, come even…
France’s last-minute opposition and mounting farmer protests are threatening to derail the European Union’s long-delayed free-trade agreement with South America’s Mercosur bloc, raising fresh doubts over whether the pact can be signed this year, AP reported.Angry European farmers, fearing cheaper agricultural imports and tougher competition, have taken to the streets in Brussels just as EU…
India is well placed to attract large-scale investments in data centres as the country faces no shortage of electricity and its national power grid is capable of meeting future demand surges, Union minister Piyush Goyal said on Monday, ANI reported.Addressing a press conference on the energy sector, Goyal said India’s integrated national grid of 500…
Finance Minister Nirmala Sitharaman on Monday cited India’s strong growth and sovereign rating upgrades to counter claims that the country was a “dead economy”, telling the Lok Sabha that such upgrades would not have been possible if the economy were weak, PTI reported.Responding to Opposition members who sought the government’s reaction to US President Donald…
Wall Street opened the new week on a cautious positive note on Monday, with investors positioning themselves ahead of a heavy slate of economic data that could influence interest-rate expectations and market direction.In early trade, the S&P 500 rose 0.3%, while the Dow Jones Industrial Average gained about 150 points, or 0.3%. The Nasdaq Composite…
Commerce and Industry Minister Piyush Goyal with New Zealand’s Trade Minister Todd McClay (File photo-ANI) Negotiations between India and New Zealand on a proposed free trade agreement are likely to be wrapped up soon, Commerce Secretary Rajesh Agrawal said on Monday, signalling progress after multiple rounds of discussions at both official and ministerial levels, PTI…
The rupee on Monday weakened further to close at a fresh all-time low of 90.74 against the US dollar, after slipping as much as 90.80 during intra-day trade, amid lingering uncertainty over an India–US trade deal and continued foreign fund outflows, according to market participants.At the interbank foreign exchange market, the local currency opened at…