NEW DELHI: HDFC Bank has temporarily suspended its partnership with Apple, citing cost-to-income considerations. The move comes after a five-year collaboration that offered exclusive cashback and EMI benefits to HDFC Bank credit card holders on Apple products. Parag Rao, Group Head of Payments, Consumer Finance, Marketing, and Liability Product Group at HDFC Bank, told Business […]
NEW DELHI: The Aadhaar Enabled Payment System (AePS) based financial transactions touched 100 million in the month of August, with transaction amount stood at Rs 24,676 crore, the National Payments Corporation of India (NPCI) data showed on Sunday. According to the data, average daily transaction count was 3.21 million, with Rs 796 crore as average […]
NEW DELHI: On the 65th anniversary of Indian Oil Corporation Limited (IOCL), Union Minister for Petroleum and Natural Gas Hardeep Singh Puri acknowledged the “extraordinary contributions” of the company and wished the organisation “continued success in its journey of excellence”. The Union minister also commended the company’s role in protecting Indian citizens from soaring global […]
NEW DELHI: Drought, a slow-moving phenomenon, can cause significant damage and displacement in affected communities, but its impact varies from region to region, which includes pivotal factors like the GDP of that region, a newly conducted study shows. This study, conducted by Pohang University of Science and Technology (POSTECH), South Korea and published in the […]
NEW DELHI: Union Environment Minister Bhupender Yadav has extended the deadline for idea submission in Ideas4LiFE from 15 September to 15 October. “Developed economies should also embrace developed ecologies. We must all cultivate a strong environmental consciousness as responsible citizens,” he said at a function in Mumbai while emphasising the need for economic and ecological […]
NEW DELHI: Foreign investors have infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks. Meanwhile, Foreign Portfolio Investments (FPIs) infused Rs 17,960 crore in the debt markets in August. They adopted a cautious stance amid the unwinding of the Yen carry trade after the Bank of Japan raised […]
NEW DELHI: In a significant breakthrough for India’s quantum technology aspiration, scientists from the DRDO Young Scientists Laboratory for Quantum Technologies (DYSL-QT) in Pune and the Tata Institute of Fundamental Research (TIFR) in Mumbai have successfully completed end-to-end testing of a 6-qubit quantum processor. This achievement marks a crucial step forward in the country’s quantum […]
New Delhi: Surpassing world’s leading digital payments platforms, India’s Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year). According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per cent […]
Merchant traders educated about entering jewellery export business; industry experts, govt officials share insights SRINAGAR: The Kashmir Chamber of Commerce & Industry (KCCI), in collaboration with the Gem and Jewellery Export Promotion Council (GJEPC) North Region, Directorate General of Foreign Trade (DGFT), and ECGC, organized an outreach programme on August 29, 2024, in Srinagar. The […]
NEW DELHI: India has ranked among the top five countries in 45 out of 64 critical technologies in 2023, up from 37 a year before. As per the Critical Technology Tracker report by the Australian Strategic Policy Institute, India has secured the second position in seven technologies. In 2023, India also overtook the US to […]