Washington/New Delhi: US President Joe Biden has rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank’s capacity to support low- and middle-income countries, the White House said on Saturday. Biden is currently in New Delhi to attend the annual G20 summit being hosted by India from…
Beijing/New Delhi: Chinese Premier Li Qiang on Saturday underlined the need for unity amongst the G20 members and called for cooperation, inclusion and resolute support for economic globalisation. Li, the number two ranked leader of the ruling Communist Party of China (CPC), is currently in New Delhi, deputing for President Xi Jinping, to attend the annual…
London/New Delhi: Prime Minister Narendra Modi and his British counterpart Rishi Sunak on Saturday agreed to continue to work at pace towards a “landmark” free trade agreement (FTA) during their bilateral meeting on the margins of the G20 Leaders’ Summit in New Delhi. A readout from 10 Downing Street of the meeting said that cooperation…
New Delhi: Ahead of the G20 summit, India on Friday said the New Delhi Leaders’ Declaration is “almost ready” and will be recommended to the leaders of the grouping during the conclave. India also said its presidency of the G20 has lived up to Prime Minister Narendra Modi’s vision of being inclusive, ambitious, action-oriented and very…
New Delhi: Aviation regulator DGCA has given a conditional approval to Air India for simulator training of pilots at the airline’s facilities in Hyderabad and Mumbai after certain deficiencies were rectified, according to officials. Last month, the watchdog had temporarily suspended simulator training activities at the two facilities due to certain lapses. A senior official at…
New Delhi: Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is…
New Delhi: The finance ministry has tightened the anti-money laundering rules by bringing in partners holding 10 per cent stake in a firm, as against 15 per cent earlier, under the definition of beneficial owners. The ministry has amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, which also provides for management-level functionary as ‘Principal…
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Wednesday urged fintech players to set up a Self Regulatory Organisation (SRO) at the earliest for an orderly growth of the industry. “Fintech players need to evolve industry best practices, privacy and data protection norms in sync with the law of the land,” he said, adding that…
Dr. Mohan Krishna led, Cheers group, one of India’s most trusted Single-malt and Scotch whisky brands, launching its award-winning flagship brands in the city of joy, Kolkata. With the launch in Kolkata it is set to win hearts of patrons with its renowned world known high-end spirit brands. To celebrate the launch of its flag-ship…
New Delhi: Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) as token for interbank borrowing or call money market, RBI sources said on Tuesday. The pilot in wholesale segment, known as the Digital Rupee -Wholesale (e₹-W), was launched on November 1, 2022, with use case being limited to the settlement of…
