RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here

Shaktikanta Das, RBI Governor

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

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During the RBI MPC announcement, Shaktikanta Das announced increased UPI transaction limits for UPI123Pay and UPI Lite wallet, a move aimed at boosting UPI adoption

Fintech firm Paytm's immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by the RBI, a top company official said on Sunday.
The RBI had restricted Paytm Payments Bank from accepting deposits or facilitating credit transactions in customer accounts, including prepaid instruments and wallets.
In August, Paytm sold its ticketing business to foodtech company Zomato for Rs 2,048 crore to sharpen its focus on core operations  payments and financial services distribution.
"Payments remain our primary business, and the merchant side continues to be strong. However, we lost a significant consumer base due to regulatory constraints. Moving forward, we aim to reinvest in the consumer payments business area," Paytm CEO Vijay Shekhar Sharma said during an interactive session organised by the Calcutta Chapter of Young Indians, the youth wing of the Confederation of Indian Industry (CII).
Consumer payments encompass

Vijay Shekhar, Vijay

Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said.
Exicom managing director Anant Nahata told PTI that the company is setting up a manufacturing unit in Hyderabad where it will use DC (Direct Current) fast charging technology of Tritium to develop solutions for electric vehicles.
The Hyderabad facility is expected to be operational by the end of 2025.
"This strategic investment highlights Exicom's robust positioning in international markets and our commitment to expanding operational capabilities across diverse geographies. The comprehensive deal encompassing four key regions'?the UK, the Netherlands, the United States, and Australia'?amounts to USD 37 million," Nahata said.
Exicom has absorbed the entire workforce of 300 people at Tritium in the company.
"With the integration of Tritium's 300 talented individuals, Exicom will leverage synergies an

In July, electric vehicles sales in the country were nearly 28 per cent higher than in the previous month and the highest for a month in the current financial year, according to Vahan data from the Ministry of Road Transport and Highways. If you look

Indian hockey legend PR Sreejesh has no doubt in her mind that the void he left after his retirement will eventually be filled though he has set a high benchmark for the younger goalkeepers to emulate.
The 36-year-old Sreejesh retired following his final outing during the Paris Olympics in August, as the national team finished with a bronze medal under the guidance of head coach Craig Fulton.
While his retirement has brought a massive void in Indian hockey's goalkeeping department, Sreejesh is confident that there will eventually be someone to fill it up.
"There will be someone who will fill my shoes, for sure. After Sachin (Tendulkar), we all felt that, okay, there would be a gap. But Virat Kohli came, and he filled it. So, it goes the same way," Sreejesh told reporters on the sidelines of the 'Road to Brisbane 2032' event here on Saturday.
"I kept the benchmark on a high note so that these guys could work hard to get there and to perform better than that. So, I always believe the

PR Sreejesh, Sreejesh

The outcome of the state polls, especially in Haryana and Maharashtra, analysts believe, are also important from 'farm politics' viewpoint, and how the government deal with the farmer's demands

BJP Flag, BJP

Once worked behind the scenes to shape the political fortunes of others, Prashant Kishor is now ready for his second coming with the launch of Jan Suraaj Party.

Prashant Kishor

India also has its share of both large tech companies and large national laboratories, but why is it that these don't seem to be at the forefront of any innovation news headlines?

Flip through any academic journal, wade through an opinion piece on an online news site or its print cousin, or glance at a news headline and you see businesses claiming their innovative new product/service launch or governments proclaiming innovatio

Actor and Singer Diljit Dosanjh is about to bring additional shows of his Dil-luminati tour to Delhi and Jaipur. Tickets are available in 3 categories and all 3 are sold out in just 9 minutes

Diljit Dosanjh

With the BJP set to form its government for the third time in Haryana after winning the polls, all the three Independent MLAs -- Savitri Jindal, Devender Kadyan and Rajesh Joon -- on Wednesday decided to extend support to the BJP government once it is sworn in.
While Joon was a Congress rebel, Kadyan fought as an Independent after the BJP denied him ticket.
Kadyan fought from the Ganaur constituency in Sonipat and defeated his nearest Congress rival Kuldeep Sharma.
Joon won from the Bahadurgarh seat in the Jhajjar district, defeating his nearest BJP rival Dinesh Kaushik.
Savitri Jindal fought as an Independent candidate from Hisar and won against her nearest Congress rival Ram Niwas Rara. BJP's Kamal Gupta, who was the sitting legislator and minister in the outgoing Saini Cabinet, ended up at the third spot.
Savitri Jindal said she has decided to extend support to the BJP government after it is formed.
"I want development for Hisar and want it to become a beautiful city, for this

vote, election, voting, Voter, Haryana Election

Karnataka Congress MLA B Nagendra is the "mastermind" behind the multi-crore Valmiki Corporation alleged scam and the funds diverted from this state government entity were also used for a candidate who contested the Lok Sabha polls earlier this year, the ED claimed Wednesday.
The federal agency said it has filed a prosecution complaint or charge sheet in this case sometime ago before a special Prevention of Money Laundering Act (PMLA) court in Bengaluru. The court has taken cognisance of the charge sheet, it said.
"B Nagendra, MLA and former Minister for Scheduled Tribal Affairs, has been named as the primary accused and mastermind behind the scam, allegedly orchestrating it with the help of 24 others, including key associates like Satyanarayana Varma, Etakari Satyanarayana, J.G. Padmanabha, Nageshwar Rao, Nekkenti Nagaraj, and Vijay Kumar Gowda," the Enforcement Directorate said in a statement.
Nagendra was arrested by the ED in this case.
The agency claimed its probe found that .

Enforcement Directorate, ED

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Diljit Dosanjh announces more shows of Dil-Luminati Tour for Delhi, Jaipur

Haryana elections: All 3 Independent MLAs set to extend support to BJP

Karnataka Cong MLA Nagendra 'mastermind' of multi-crore Valmiki scam: ED

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RBI MPC highlights: Inflation expected to remain elevated during September, October, says Das

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