India extended concessional loans of over $12.3 bn to Africa, says Jaishankar

India extended concessional loans of over $12.3 bn to Africa, says Jaishankar

Being a trusted partner in the journey of socio-economic development, India has extended concessional loans of over $12.3 billion to Africa, External Affairs Minister S. Jaishankar said on Tuesday. The country has also granted $700 million of...

Snapdeal ready to debut on ONDC

Snapdeal ready to debut on ONDC

Snapdeal is set to become the first e-commerce marketplace to debut on the government-led Open Network for Digital Commerce (ONDC). The Delhi NCR-based Snapdeal, which signed the onboarding agreement to plug into ONDC earlier this month, will...

Neobank Fi Money seeks to collaborate more banks

Neobank Fi Money seeks to collaborate more banks

Bengaluru-based neobank Fi Money, which has partnered with Federal Bank to provide the underlying bank accounts, now plans to add other partners. The company, launched by ex-Google executives who pioneered GPay, has also plugged into the account...

IAMAI dissolves Blockchain & crypto council amidst regulatory uncertainties

IAMAI dissolves Blockchain & crypto council amidst regulatory uncertainties

Amid the heightened uncertainties around cryptocurrencies, the Internet and Mobile Association of India (IAMAI) on Thursday announced to dissolve the Blockchain and Crypto Assets Council (BACC). The association created and nurtured BACC for...

Inflation in Asia Pacific economies to subside early: Moody's Analytics

Inflation in Asia Pacific economies to subside early: Moody's Analytics

Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody's Analytics. A combination of factors like the extreme...

71% MSMEs optimistic about business growth in July-Dec: Survey

71% MSMEs optimistic about business growth in July-Dec: Survey

A survey covering responses from 7,295 MSME businesses has revealed 71 per cent of them are optimistic about growth in the remaining six months of 2022 and only 5 per cent expect a dip in this time frame. The 2022 Mid-Year MSME Business...

RBI permits global trade settlements in rupees

RBI permits global trade settlements in rupees

The Reserve Bank of India (RBI) on Monday announced an arrangement for domestic traders to settle imports and exports in rupees, a move experts said is aimed at facilitating trade with sanctions-hit Russia. According to the central bank, this...

Macquarie seeks funds to build EV leasing co

Macquarie seeks funds to build EV leasing co

Macquarie Group, one of the largest foreign infrastructure investors in India, is in talks with commercial investors to raise $205 million to set up an electric vehicle (EV) leasing and finance company, said two people aware of the development....

Global EV shipments up 79% YoY in Q1, Tesla leads: Report

Global EV shipments up 79% YoY in Q1, Tesla leads: Report

With Tesla registering phenomenal growth over a year, the electric vehicle (EV) shipments grew 79 per cent year-on-year (YoY) in the first quarter of 2022 to reach 1.95 million units, says a new report. According to market research firm...

Systra JV wins General Consulting contract of RRTS Corridor

Systra JV wins General Consulting contract of RRTS Corridor

The joint venture lead by Systra, one of world's leading engineering and consulting groups specialised in public transport and mobility solutions headquarters in France earned General Consulting contract of National Capital Region Transport...

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