The Reserve Bank of India (RBI) announced on Monday that 97.87 percent of the Rs 2000 denomination banknotes have been returned to the banking system. As of now, only Rs 7,581 crore worth of these notes remain in the hands of the public. This follows the RBI’s decision on May 19, 2023, to withdraw the…
Planemaker Boeing has reportedly started delivering new wide-body jets to China again after the deliveries were initially halted due to a Chinese regulatory review, media reports said. Citing flight tracking data and two sources familiar with the matter, a report by Reuters said that the planemaker has resumed its deliveries to the country. The Chinese…
PMI: India’s manufacturing sector witnessed a slight recovery in its growth in June as the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) improved to 58.3 in the month under review. The survey, compiled by S&P Global, revealed that the manufacturing PMI stood at 57.5 a month earlier in May. The domestic manufacturing sector…
There has been the first sighting of the new Ferrari EV and yes it is indeed coming next year towards the end. The new Ferrari electric car would be the first EV for the Italian brand and would be its boldest offering yet. However, while details are not there right now regarding the battery pack…
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $63,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood…
The development of the Noida International Film City project is expected to commence soon, the Uttar Pradesh government said on Friday. Issuing an official statement in Lucknow, the state government said that the project’s construction will start within six months and also create 50,000 jobs and provide benefits to 7 lakh people indirectly. Backed by…
US prosecutors are reportedly meeting with Boeing and the airline’s fatal crash victims’ relatives as the deadline of July 7 approaches when the Justice Department has to decide whether to levy criminal charges on the aircraft manufacturer, media reports said. According to a report by Reuters citing people in the know, the officials from the…
The Financial Services Institutions Bureau (FSIB) on Saturday recommended Challa Sreenivasulu Setty for the role of Chairman of the State Bank of India (SBI). Currently, Setty is one of the managing directors of the bank. Sharing an official notification, the FSIB said, “Keeping in view their performance in the interface, their overall experience and the…
Indian economy is set to potentially log a stable high growth phase ahead, Shashank Bhide, Monetary Policy Committee member, RBI, said. The economy remains in a strong position in light of the major risks the country is facing, he pointed out. In a conversation with PTI, the official noted that the domestic economic activity is…
Foreign portfolio investors (FPIs) turned bullish on Indian equities in June as the investors infused Rs 26,565 crore in the segment in the month. This inflow was driven by political stability and a sharp recovery in the markets. This inflow followed two months of net outflow for the investors, reported PTI. During the same period,…
