Press Release

BENGALURU: Several Indian cities have risen in Startup Genome's global startup ecosystem rankings. Delhi rose by 11 places, to rank 26, compared to 2021. Bengaluru moved up one place from last year, to 22. Globally, the same five…

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Billionaire Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams “based on the greater-fool theory” at a climate conference Tuesday, reviving past criticisms of digital assets. “Obviously, expensive digital…

GENEVA: Commerce and industry minister Piyush Goyal on Tuesday attacked developed countries for proposing to limit the subsidies of developing and poor nations, including India, while ensuring that they are not significantly hit by the…

NEW DELHI: The Union Cabinet is understood to have approved holding of a mega spectrum auction for 5G telephony — with the sale valued at over Rs 4. 5 lakh crore just at the reserve price — and the process is likely to kick off over the…

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GENEVA: Hours before the close of the WTO ministerial meeting, the multilateral agency’s chief Ngozi OkonjoIweala has proposed to extend the deliberations by a day as talks are deadlocked on multiple fronts — from patent waiver to…

MUMBAI: The government has appointed four members to the board of the RBI — industrialists Anand Mahindra, Pankaj Patel & Venu Srinivasan, and academic Ravindra Dholakia. The appointees will be directors for a period of four years…

MUMBAI: The RBI has reiterated its earlier guidelines barring banks from providing loans that are used to finance state government Budgets noting that lenders have been found to flout the regulator’s norms. “We have come across instances…

MUMBAI: SBI, HDFC, IDBI Bank and Kotak Mahindra Bank have revised their deposit rates. SBI has also revised its marginal cost of lending rate (MCLR), used as a benchmark for older home loans. The country’s largest bank has raised by 20…