Swift

On November 11, Maruti Suzuki unveiled the brand-new Dzire, which starts at Rs 6.79 lakh (ex-showroom Delhi). The car will be available in four variants: LXi, VXi, ZXi, and ZXi Plus

Central Bank Digital Currencies (CBDCs), digital versions of a country's official fiat currency, are also being trialled worldwide

Prime Minister Modi and Russian President Putin are set to hold key bilateral talks in Moscow today to discuss a wide range of issues as part of the 22nd India-Russia annual summit

The new Maruti Suzuki Swift is all set to release in India on May 9. The Swift offers a brand-new engine which is powered by a 1.2-litre Z series 3-cylinder petrol engine

Current practices involve routing funds through banks using the Swift platform. CBDCs could enable direct settlements between parties, offering advantages such as speed and cost-efficiency

SWIFT allows global financial institutions to communicate with each other using a messaging network that is quick, accurate, and secure

The West blocked several Russian banks' access to the international SWIFT payments system soon after Moscow invaded Ukraine in February last year

The shift comes after the Federal Deposit Insurance Corporation warned of crypto-asset risks

The tool is available as an Android app and as a website

The RBI has allowed two Russian banks, Sberbank and JSC VTB, to open Vostro accounts for rupee trade. Read more to find out what a Vostro account is and how it is different from a Nostro account

India has stepped up its purchase of cheaper Russian crude despite international opposition and sanctions. New Delhi is looking to settle this trade in rupees to continue with its purchases

If the messaging platforms of India and Russia are connected, it might help in improving the payments settlement mechanism and provide Russia with a cover from further sanctions

Countries to accept trading partners' currency; move aimed at reducing dollar dependence

The first stock market came up in Amsterdam in the 17th century. And the modern banking system evolved in Italy. The terms, Nostro and Vostro, came from that region. But what do they mean?

The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 2 per cent rise in total wholesales to 1,70,395 units in March.

India is keen to continue bilateral trade due to its dependency on Russian weapons and the prospect of buying cheaper oil as global prices surge.

Improved detection and reporting along with comprehensive steps resulted in sharp decline of such frauds, he said

What a firm seeking supplies from abroad on credit should do in case there is an error in the contractual documents

While Russia's invasion of Ukraine doesn't quite throw Budget 2022 out the window yet, it does mean the fiscal maths will need a significant re-look.

While exporters will get more clarity on the impact when finer details of SWIFT ban are spelt out, they have had discussions with govt to deal with payment-related challenges