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Large Indian lenders shun rupee mechanism in Russia trade: Sources

Large Indian lenders shun rupee mechanism in Russia trade: Sources

Large Indian lenders are reluctant to process direct rupee trade transactions with Russia months after the mechanism was put in place for fear of becoming the target of sanctions by the United States and Europe over the invasion of Ukraine,...

Warburg Pincus to acquire majority stake in India's Vistaar Finance

Warburg Pincus to acquire majority stake in India's Vistaar Finance

U.S. private equity firm Warburg Pincus will acquire a majority stake in India's Vistaar Finance, the small-business lender said on Monday, underscoring the rising investor interest in the Asian nation's booming lending market. Terms of...

Finance minister Sitharaman to attend IMF, World Bank annual meetings in US

Finance minister Sitharaman to attend IMF, World Bank annual meetings in US

Finance Minister Nirmala Sitharaman will leave for the United States on Tuesday to attend the annual meetings of the IMF and World Bank, which are likely to deliberate on the current global economic situation. She will also attend the meetings...

India's apex bank to pilot brings out digital version of Indian currency soon

India's apex bank to pilot brings out digital version of Indian currency soon

The apex bank of India -- Reserve Bank of India (RBI) -- said it will soon commence pilot launch of digital version of Indian currency Rupee for specific use cases. It has also released a concept note on Central Bank Digital Currency (CBDC)...

4 Keys to Finding the Best Credit Score Monitoring Providers

4 Keys to Finding the Best Credit Score Monitoring Providers

The best credit score monitoring agencies are those that protect you from identity theft and online fraud and help you keep track of your credit score. There are key indicators that you can use to determine the effectiveness of these providers....

Types of Precious Metals you can hold in a Gold IRA Account

Types of Precious Metals you can hold in a Gold IRA Account

One of the best ways to expand your holdings in an individual retirement account (IRA) is to invest in precious metals. The precious metals you can hold in your gold IRA include gold, silver, platinum, and palladium. These metals are assets that...

Sitharaman directs banks to enhance coverage of SCs in all schemes

Sitharaman directs banks to enhance coverage of SCs in all schemes

Finance Minister Nirmala Sitharaman on Wednesday called upon public sector banks to enhance coverage of Scheduled Castes (SCs) in all schemes and advised them to also look into their needs for capacity building and entrepreneurship development, as...

Steering towards Success - the IP Way!

Steering towards Success - the IP Way!

The nature of employment in the consulting industry is highly diversified, with numerous specialised fields. In the business sector, consulting, which is an advise service, can include every facet of business operations, from tax to logistics....

Global economy more fragile amidst record inflation, decelerating growth

Global economy more fragile amidst record inflation, decelerating growth

Moody’s Analytics on Monday lowered its global economic growth forecast to 2.7% for 2022 from the 4.2% forecast in January, citing rising stagflation risks worldwide. The global environment has become more fragile as record-high inflation...

RBI restrains Mahindra Finance from using recovery agents after accident

RBI restrains Mahindra Finance from using recovery agents after accident

The Reserve Bank of India (RBI) on Thursday directed Mahindra & Mahindra Services Ltd, Mumbai (MMFSL), to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. In other...

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