Economy

Banks show Rs.10.3 lakh crore of NPAs     The Reserve bank of India (RBI) has started scrutiny of 200 large accounts to assess level of stress and provisioning done against these borrowers by respective banks. The move is to...

Credit rating not impacted, says S&P   Most of its rated Indian corporates can withstand the recent sharp depreciation in the Indian rupee because the share of US-dollar linked earnings largely balance the share of dollar-denominated debt. Stating this, S&P...

Demonetization of Rupee notes and introduction of Goods and Services Tax (GST) have hit the already financially-strapped Micro, Small and Medium Enterprises (MSMEs), according to a Reserve Bank of India’s (RBI) study.

A draft National Mineral Policy is expected soon once the final touches are done, announced Bipul Pathak, Joint Secretary, Ministry of Mines.

Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the catastrophic floods that has ravaged the Indian state of...

Bahrain-based SNIC Insurance (formerly known as Saudi National Insurance Company) has selected Tata Consultancy Services (TCS) BaNCS for Insurance to support its digital transformation strategy in order to establish a unique leadership position in the market.

The US digital remittance company Remitly has released an update to its money transfer service to India, raising the daily sending limit to US$30,000.

Banks in India have been asked to collaborate with Fintech companies, using digital platform effectively to popularize the government’s various schemes to support Micro, Small and Medium Enterprises (MSMEs).

Global investment firm KKR will acquire a 60% stake in Ramky Enviro Engineers Limited (REEL), a leading provider of environmental services and solutions in India and overseas.

Technology is on the forefront of Deutsche Post DHL Group which operates across the globe, keeping to time-sensitive deadlines. The group’s recent technology is SmarTrucking.