Economy and Finance

Anyone can access the UDGAM portal to search for bank details, it only needs a phone number and some basic details like PAN, AADHAAR etc

RBI paused the repo rates at 6.5 per cent for the third time in a row amid concerns over inflation.

The EOW officials found that the company was using popular terminology like green energy and solar technology to hide its scam.

Foxconn will invest $600 million, almost ₹5,000 crore, to set up two manufacturing plants in Karnataka.

Advanced Micro Devices (AMD) has announced that it will invest around $400 million in India over the next five years

“Comprehensive measures have been taken by the Government and RBI to recover and to reduce NPAs, including those pertaining to corporate companies, which has enabled an aggregate recovery of Rs. 10,16,617 crore (RBI provisional data for FY 2022-23) by SCBs during the last nine financial years,” the written reply stated. 

The EPFO has increased interest rate to 8.15% and it will benefit over 6 crore subscribers in FY23. It has also asked filed offices to start crediting it into members' accounts.

Security issues were highlighted during the vetting process of BYD Motors and Megha Engineering and Infrastructures Ltd's proposal, resulting in its rejection by the Centre.

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency

In its official statement, the company stated that building fabs from scratch in a new geography is a challenge, but Foxconn is committed to investing in India.