[ad_1] MUMBAI: Travel solutions provider InterGlobe Air Transport Limited has been designated as the exclusive General Sales Agent (GSA) by Oman Air for the entire territory of India.A GSA works as a third-party sales representative for an airline in a country in a region and it handles air ticket and cargo sales, manages operations, develops…
[ad_1] NEW DELHI: India’s foreign exchange reserves declined by $8.478 billion to settle at $644.391 billion for the week ending on December 20, according to the Reserve Bank of India (RBI) on Friday.This marks a continued slide after a $1.988 billion drop in the previous week, bringing reserves to a six-month low of $652.869 billion,…
[ad_1] MUMBAI: The year-end travel surge is on, but what separates this year from the pre-Covid times is the number of foreign destinations that offer free visas or visa-on-arrival to Indian tourists. Gone are the day when a last-minute plan to go on a holiday meant flying to Goa. With a number of countries relaxing…
[ad_1] NEW DELHI: Reserve Bank of India (RBI) on Friday said that users of prepaid payment instruments (PPIs) can now make and receive Unified Payments Interface (UPI) transactions from and to full-KYC-compliant PPIs via third-party mobile applications, expanding the scope of digital payment services, as stated in their circular.“A PPI issuer shall enable holders of…
[ad_1] NEW DELHI: Osamu Suzuki, the former President Chairman & CEO of Suzuki Motor Corporation, passed away at the age of 94 on Wednesday afternoon due to malignant lymphoma, the company announced on Friday. According to Kyodo News, Japan, Suzuki’s leadership spanned over four decades, during which he transformed the Japanese automaker into a global…
[ad_1] A Bitcoin rally is fizzling in the final days of a record-breaking year for the digital asset, as investors assess the remaining impetus from President-elect Donald Trump’s embrace of the cryptocurrency sector.The largest token changed hands at $96,200 as of 6 am Friday in London, partly paring a retreat of almost 3 per cent…
[ad_1] NEW DELHI: Indian benchmark indices BSE Sensex and Nifty50 closed on a positive note on Friday, with notable gains in banking and automobile sectors as the year drew to a close.BSE Sensex ended at 78,699.07, rising by 226.59 points or 0.29 per cent, whilst the NSE Nifty was up by 63.20 points or 0.27…
[ad_1] MUMBAI: RBI has formed a panel to guide ethical AI adoption in the financial sector. The committee on Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) will be chaired by Pushpak Bhattacharyya of IIT Bombay.Others in the panel include experts from academia, industry, govt, and regulatory bodies. Its mandate includes assessing AI…
[ad_1] MUMBAI: There is scope for bank credit to outpace growth of the economy given the relatively low share of credit to GDP, according to RBI.“India’s total credit-to-GDP ratio (including credit extended by banks as well as NBFCs) at 90.1% in 2022 was below that of advanced economies and of emerging market economies (EMEs) as…
[ad_1] MUMBAI: In 2023-24, banks reported the lowest amount involved in frauds in 10 years. The average amount per fraud was the lowest in 16 years. In the first half of FY25, however, there has been an 8x increase in the fraud amount to Rs 21,397 crore.The fraud numbers are based on the date of…
