The Centre on Wednesday approved a proposal for the implementation of Production Linked Incentive (PLI) scheme 'National Programme on High Efficiency Solar PV (Photovoltaic) Modules' for achieving manufacturing capacity of gigawatt (GW)...

The Finance Ministry on Wednesday said banks and financial institutions have sanctioned Rs 14.96 lakh crore to over 28.68 crore beneficiaries in the last six years. Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Narendra Modi on...

Reserve Bank of India governor Shaktikanta Das on Wednesday announced that the repo rate and the reverse repo rate will remain unchanged at 4 per cent and 3.35 per cent, respectively, and the accommodative stance will go on as long as it will be...

With the aim to promote digital payments banks in the country, RBI on Wednesday announced an increase in the maximum end of day balance for payment banks to ₹2 lakh. The earlier limit, which was in place since 2014, was set at ₹1 lakh per...

Accidents can happen for many reasons, such as unexpected or overspeeding on a curvature part of the road, losing a vehicle’s stability. Modern vehicles feature dynamic stability control (DSC), electronic stability program (ESP), or...

With an estimated net worth of $84.5 billion, Reliance Industries Chairman Mukesh Ambani topped Forbes list of India's 10 richest billionaires, preceded by Adani Group CEO Gautam Adani. Despite the Covid-19 pandemic, Ambani was able to raise...

The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021which is stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic. The Washington-based global...

India's economic recovery is still "shallow" and a month's national lockdown to curb the rising pace of COVID-19 infections can dent the GDP by up to 2 per cent, an American brokerage warned on Tuesday. Analysts at BofA...

Meesho became the nation’s latest unicorn after the social commerce platform raised $300 million in a fresh funding round which was led by SoftBank Vision Fund 2. The fundraising, that valued Meesho at $2.1 billion, also saw participation...

The country’s manufacturing sector activity weakened sharply in March, with the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) slipping to a seven-month low of 55.4 in March from 57.5 in February. This marks an...