Economy - Arab Daily Digital

RBI sets up ‘Payments Infrastructure Development Fund’

A PoS infrastructure can have physical or digital features to allow online payments for goods or services…reports Asian Lite News The Reserve Bank of India has created a ‘Payments Infrastructure Development Fund’

6 January 2021

Business·Economy·India News

Reliance Seeks Govt Intervention to Stop Vandalism

Reliance Industries Limited (RIL), through its subsidiary Reliance Jio Infocomm Limited (RJIL), in a petition mentioned to be filed in the Punjab and Haryana High Court on Monday, has sought the urgent

4 January 2021

Business·Economy·India News

Global Laptop Sales Hit Record Highs in 2020

Riding on the surge in remote work and learning, the global laptop market will hit a high in 2020, increasing 9 per cent (on-year) to reach 173 million units and over $132

31 December 2020

Business·Economy

Nifty50 Touches 14K Mark First Time Ever

The Nifty50 on the National Stock Exchange (NSE) has crossed the 14,000 mark for the first time ever. It touched an all-time high of 14,010.15 points amid a largely subdued trade. The

31 December 2020

Business·Economy

Profit to GDP Ratio To Begin Growth Shortly: Report

Corporate earnings recovery will likely provide a cushion for valuations in 2021, Motilal Oswal Private Wealth Management said in its 2020 year-ender note. It pointed out that earnings growth over the last

31 December 2020

Business·Economy·India News

India Witnesses Sequential Drop In CA Surplus

India’s current account surplus moderated to $15.5 billion in Q2FY21 from $19.2 billion reported for the first quarter of the current fiscal. On a YoY basis, the country’s Balance of Payment status

31 December 2020

Economy·India News

Independent Sellers Saw Huge Growth During Holidays: Amazon

As online shopping boomed this year amid Covid-19, Amazon has said that this holiday season has been the best ever for independent businesses selling on the marketplace with worldwide sales growing over

29 December 2020

Business·Economy

GST Compensation: Union Govt Releses Further Rs 6K Crore

The Finance Ministry has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has

29 December 2020

Business·Economy

RBI Points Towards Holding Inflation rate at 4%

India’s inflation target should be maintained at 4 per cent in the medium term, according to a working paper by the Reserve Bank of India (RBI). The paper, published by the RBI’s

29 December 2020

Economy·India News

China Begins Probe On Jack Ma’s Ant Group

After China’s top market watchdog began investigation last week into alleged anti-competition practices by ecommerce giant Alibaba, media reported on Monday that the country has now laid out ‘rectification plan for the

29 December 2020

Business·China·Economy·World News

Economy - Page 95