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 […]
CashNews.co Alphard Maritime Group India’s Alphard Maritime Group has set out to establish a $500m shipping fund in the country’s new financial services centre, Gujarat International Finance Tec-City (GIFT City). The plan is for Alphard to contribute Rs500 crore, while partners would provide another Rs4,500 crore to Indian shipowners looking to acquire assets worth between […]
CashNews.co You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Finance Minister Nirmala Sitharaman highlighted the promising future of India’s innovation ecosystem, stating that the country’s ability to innovate is expected to mature and improve significantly over the coming decades. Referring to the recently released Global Innovation Index (GII) for 2023, she noted that […]
CashNews.co Here’s a quick look at stocks likely to be in focus in today’s trade. Bajaj Finance: Bajaj Finance saw impressive growth in its customer franchise, which expanded to 92.09 million as of the September 2024 quarter, compared to 76.56 million in the same period last year. The company’s Assets Under Management (AUM) increased by […]
CashNews.co Union Finance Minister Nirmala Sitharaman addresses the third edition of Kautilya Economic Conclave. October 4, 2024 | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Friday (October 4, 2024) said India would achieve near doubling of per capita income in the next five years and witness the steepest rise in living standard of the […]
CashNews.co Deccan HeraldIndia to see steepest rise in living standard of common man in coming decades: Finance Minister Nirmala SitharamanNew Delhi: Finance Minister Nirmala Sitharaman on Friday said India would achieve near doubling of per capita income in the next five years….46 minutes ago Read More #cashnews #India #finance
CashNews.co Finance Minister Nirmala Sitharaman expressed optimism about India’s economic growth, projecting that per capita income will increase by $2,000 over the next five years. During her address at the Kautilya Economic Conclave, she highlighted that it took 75 years to reach a per capita income of $2,730, but the next significant jump is expected […]
CashNews.co Fortune IndiaOpenAI bags $4 bn credit line after $6.6-bn funding; launches ChatGPT’s new canvas interfaceAfter securing $6.6 billion in new funding from leading investors, ChatGPT maker AI platform OpenAI has established a new $4 billion credit….13 minutes ago Read More #cashnews #India #finance
CashNews.co Tech giant Google has announced that it will tie up with Aditya Birla Finance, Muthoot Finance to offer personal loans and gold-backed loans, respectively. This was announced at the 10th edition of its flagship Google for India event. Google announced that the partnership seeks to enhance credit availability in a market where conventional lending […]
CashNews.co Google is leveraging India’s deep-rooted affinity for gold to expand its reach in the lending market of the world’s most populous nation. The company said on Thursday that Google Pay has partnered with Muthoot Finance, India’s largest gold-backed loans provider, to offer secured loans to users across the country. Google said the move aims […]