The United Bank of India established 36 retail and MSME hubs across the country.
Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”
Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer
Housing finance major HDFC Limited has partnered with the India Mortgage Guarantee Corporation (IMGC) to offer a mortgage-guaranteed home loan product. The partnership aims to make it possible for HDFC to further penetrate the home loan market and access an enlarged customer base, helping them to own a home of their choice, HDFC said.
As part of its participation in Abu Dhabi Sustainability Week (ADSW) 2020, the UAE Space Agency discussed its continuous efforts for achieving a sustainable future, both through space exploration as well as the implementation of innovative space technologies.
Global stock markets rose on Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China’s economic slowdown may have stabilized and Washington and Beijing signed a trade deal.
In a major move Volkswagen (VW) to acquire 20 per cent stake in a Chinese battery maker. VW is set to buy a stake in Chinese electric vehicle battery maker Guoxuan High-tech Co, according to some sources.
The United Nations (UN) projects India’s economy to grow by 5.7 per cent in the current fiscal year and expects it to rise to 6.6 per cent in the next. The global body also suggested the county should uplift social conditions of labour class especially women.