CashNews.co The country’s biggest lender State Bank of India (SBI) intends to recruit about 10,000 new employees during the current financial year to meet its general banking requirement and foster its technical prowess. The bank has invested significantly in technology to provide seamless customer service as well as to strengthen the resilience of its digital […]
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CashNews.co A beach in Maldives. Walkerssk / Pixabay Indian online travel company EaseMyTrip has resumed flight bookings to the Maldives. This comes after EaseMyTrip suspended services in January following a diplomatic spat between the two nations. In a filing with the Bombay Stock Exchange (BSE) on Friday, EaseMyTrip announced the resumption of flight bookings to […]
CashNews.co By Siddhi Nayak and Nimesh Vora MUMBAI (Reuters) – India’s foreign exchange reserves crossed $700 billion for the first time on record, after climbing for seven straight weeks, on valuation gains and the central bank’s dollar purchases. The forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. […]
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CashNews.co Bengaluru: Despite a booming startup ecosystem, only 8.2% of all startups in the country undergo incubation, and a mere 10% of incubators support 98% of these startups, a study has found. The Indian startup ecosystem has grown steadily, with more than 1,100 active incubators, but the density of these incubators per million remains low, […]
CashNews.co BENGALURU (Reuters) – Jio Financial and U.S.-based BlackRock got in-principle approval from India’s markets regulator to act as co-sponsors and set up a mutual fund business in the country, the Mukesh Ambani-led Reliance Group company said on Friday. Jio Financial said the Securities and Exchange Board of India will grant the final approval after […]
CashNews.co NEW DELHI: India will nearly double per capita income in the next five years and will see steepest rise in living standards for its citizens, along with reduced inequality on account of the reforms undertaken by govt, finance minister Nirmala Sitharaman said on Friday.“While it took us 75 years to reach a per capita […]
CashNews.co Following the pandemic tech boom, edtech company Byju’s was India’s most valuable start-up in 2022, worth an estimated $22bn. The company, founded by a charismatic former maths teacher Byju Raveendran, sold tutoring services to millions of parents seeking to prepare their children for India’s brutally competitive school entrance exams. After winning investment from the […]
CashNews.co India’s foreign-exchange reserves will likely rise to $745 billion by March 2026, giving the central bank more potential firepower to influence the rupee, according to Bank of America. The monetary authority “seems relaxed about holding larger forex reserves, owing to its desire to build buffers against contingent external risks,” BofA analysts Rahul Bajoria and […]