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New Delhi: For the past few weeks, everyone-from common people to investors-has been asking one question: why has the Indian rupee fallen so sharply? The rupee has slipped close 90 against the US dollar, and because of this sharp fall, the issue was raised in Parliament. The government clearly explained in the Lok Sabha that the rupee's weakness is not sudden and has happened due to several domestic and global reasons. How fast did the rupee slide? The government said that in the third week of ...Read More >
Bengaluru : Unity Small Finance Bank (Unity Bank), a new-age bank, has collaborated with IBM to centralize and secure its growing Application Programming Interface (API) ecosystem, using IBM Cloud Pak for Integration and IBM Consulting's expertise in application management. This collaboration strengthens the bank's API-first strategy and supports rapid innovation across hybrid cloud environments to enhance customer experience and operational agility. Through this collaboration, Unity Bank has e ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has gained 7% since the start of September, showing renewed strength after weeks of uneven price action. Yet, the market is bracing for heightened volatility in the coming days as attention shifts to this Wednesday's Federal Reserve meeting. Investors widely expect a rate cut, but the size of the move remains the key question shaping sentiment. If the Fed opts for a 25 ba ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Holders of the World Liberty Financial token, WLFI, have voted overwhelmingly to make these tokens tradable, a decision that could significantly impact their market value and the financial interests of the Trump family. World Liberty Financial, a venture associated with Donald Trump's family, launched the WLFI tokens last autumn as part of its decentralized finance (DeFi) platfor ...Read More >
Panaji: Scientists have mapped the troubling forest structure dynamics in Goa, revealing a steep decline in forest health in a study. They have called for an urgent need for ecological safeguards. The study used over five decades (1973-2022) of satellite data and spatial modelling to quantify forest cover loss, fragmentation, and its cascading impacts on ecosystem services in the central Western Ghats region -- an ecological treasure trove that includes Goa. "Total forest cover declined by 3.7 ...Read More >
Mumbai: Aimed at reducing high school dropout rates, raising the gross enrollment ratio in higher education to 50% and to enable students to secure fulfilling careers, 'Vidyadhan' scholarship program has announced to offer one lakh scholarships to economically disadvantaged students across the country. Launched in Kerala in 1999, Vidyadhan is an initiative by the Shibulal Family Philanthropic Initiatives (SFPI) and is currently active in 22 states and union territories of the country. In the ne ...Read More >
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over ...Read More >
Mumbai, Jan 8 (VOICE) Securitisation volume surged by around 27 per cent year-on-year to Rs 1.78 lakh crore in the first nine months of the current financial year, supported by large issuances from private sector banks, according to a CRISIL report released on Wednesday.Among asset classes, vehicle loans (including commercial vehicles and two-wheelers) accounted for 48 per cent of securitisation volume (vs 40 per cent in the corresponding period in the last financial year). In the third quarter ...Read More >
India's Chief Economic Advisor (CEA), Anantha Nageswaran, has urged regulators not to hinder innovations in the crypto and gaming sector. Speaking at the 2024 Global Economic Policy Forum on Wednesday, Nageswaran stressed the importance of regulatory transparency. He also advocated to strike a balance between fostering innovation and addressing social costs. "In a country with low per-capita income and financial illiteracy, not every innovation needs to be encouraged without any questioning. Y ...Read More >
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