New Delhi: The total number of Jan Dhan accounts in the country has crossed 50 crore-mark, with 56 per cent of the accounts belonging to women, the finance ministry said on Friday. About 67 per cent of these accounts have been opened in rural and semi-urban areas, it said in a statement. The total deposits in…
Mumbai: India’s foreign exchange reserves jumped USD 708 million to USD 602.161 billion for the week ended August 11, the Reserve Bank of India (RBI) said on Friday. This is the first increase in the kitty after declining for three consecutive weeks. In the previous reporting week, the overall reserves had declined USD 2.417 billion to…
Bengaluru: India received a boost ahead of the Asia Cup and the ODI World Cup as KL Rahul on Friday underlined his readiness to return to international cricket while batting and wicketkeeping for an extended period during the match simulation at the NCA. In this scenario, Rahul will, in all probability, travel to Sri Lanka for…
Mumbai: Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank’s comfort zone of 6 per cent, said an article in the RBI’s monthly bulletin released on Thursday. The consumer price index (CPI) based retail inflation shot up significantly to 7.44 per cent in July, from…
Panjim (Goa): Three Monkeys, as a brand gives an instant India connection. Voila! India witnessing a new revolution for ‘Swadeshi’ says Dr Mohan Krishna, founder of Cheers group. “The India of today is not just ‘Local for Vocal’ but also providing a global platform to take it to the world” he adds. The best thing…
New Delhi: iPhone maker Apple will start manufacturing its wireless ear buds AirPods at Foxconn’s Hyderabad factory, according to sources. Foxconn has approved an investment of USD 400 million for Hyderabad plant which is expected to begin mass production by December 2024. “Foxconn Hyderabad factory will make AirPods. The factory is expected to begin mass production…
New Delhi: Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday. The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 per cent in July 2022. Previously, high inflation was recorded at…
New Delhi: India’s exports contracted by 15.88 per cent to USD 32.25 billion in July this year from USD 38.34 billion in the same month last year, the government data showed on Monday. Imports during the month also declined by 17 per cent to USD 52.92 billion from USD 63.77 billion in July 2022. During April-July…
New Delhi: Deloitte has resigned as auditor of the Adani group’s port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the…
Hyderabad: The Board of Directors FIT Hon Teng Ltd (Foxconn) approved the investment of USD 400 million in Telangana, V Lee, Foxconn India representative said in a social media post. Taiwan-based contract manufacturer Foxconn is Apple’s biggest supplier. “…FIT Singapore’s proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private…
