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Strong sales growth for India's textile manufacturing sector in Q2

Strong sales growth for India’s textile manufacturing sector in Q2

The manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of...
Paytm to launch payments bank; gets approval from RBI

Paytm to launch payments bank; gets approval from RBI

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to...
Payment companies see no threat from new authentication rule, say it will accelerate digital payment adoption  

New authentication rule no threat to payment companies, will only accelerate digital payment adoption

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication...
RBI urges retailers to deposit money, relaxes withdrawal norms

RBI urges retailers to deposit money, relaxes withdrawal norms

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they...
Paytm to go live with payments bank post Diwali

Paytm to go live with payments bank post Diwali

E-commerce and digital payments company, Paytm is targeting to go live with its payments bank post Diwali. The firm,...
Consumer durables industry hails RBI's rate cut decision

Consumer durables industry hails RBI’s rate cut decision

Consumer electronics and appliances manufactures have unanimously hailed the RBI's move to slash key policy rate by 0.25 per...
India's annual wholesale inflation at two-year high in August

India’s annual wholesale inflation at two-year high in August

India's annual rate of inflation based on wholesale prices touched a two-year high in August at 3.74 per cent...
Retail inflation reaches to 5.76 per cent in May on higher food prices

Retail inflation reaches to 5.76 pc in May on higher food...

Retail inflation, as measured by the Consumer Price Index (CPI), accelerated to 5.76 per cent in May, driven primarily...
RBI retains retail inflation target at 5 pc with upward bias

RBI retains retail inflation target at 5 pc with upward bias

RBI has retained January 2017 retail inflation target at 5 per cent, though with an upward bias, amid a...
Former RBI Deputy Governor joins Nestle India

Former RBI Deputy Governor joins Nestle India

Rakesh Mohan, former RBI Deputy Governor has joined Nestle India as an independent director.He will be taking over his...