HDFC fuels digitization launches all-inclusive DigiPOS machines
HDFC fuels digitization launches all-inclusive DigiPOS machines


HDFC fuels digitization launches all-inclusive DigiPOS machines. HDFC Bank Ltd. unveiled its ‘DigiPOS’ Point of Sale (POS) machine, which will offer a complete suite of digital payment options. The device will offer customers various digital payment options such as UPI, Bharat QR, SMS Pay and PayZapp, in addition to the facility to pay through debit

NITI Aayog CEO to launch Mentor India Campaign tomorrow NITI Aayog CEO to launch Mentor India Campaign tomorrow

NITI Aayog CEO to launch Mentor India Campaign tomorrow. NITI Aayog CEO Amitabh Kant will tomorrow launch the Mentor India Campaign, a strategic nation building initiative to engage leaders who can nurture and guide students at more than 900 Atal Tinkering Labs.Atal Tinkering Labs have been established across the country as a part of the

Banks to pay 3% IGST on gold imports Banks to pay 3% IGST on gold imports

Banks to pay 3% IGST on gold imports. Banks importing gold and precious metals will have to pay 3 per cent tax under the GST which can be claimed as input tax credit, the government has said. Clarifying issues on GST on gems and jewelry through Frequently Asked Questions (FAQs), the Central Board of Excise

Rupee Gains 8 Paise against Dollar in Early Trade Rupee Gains 8 Paise against Dollar in Early Trade

Rupee Gains 8 Paise against Dollar in Early Trade. The rupee advanced by 8 paise to 64.06 against the US dollar in early session on Tuesday on increased selling of the US currency by exporters and banks.Besides, the dollar’s weakness against major currencies overseas and a higher opening in domestic stocks kept the domestic unit

India’s foreign reserves at record high: DBS
India’s foreign reserves at record high: DBS

India’s foreign reserves at record high: DBS. India’s foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to (DBS). “Strong year-to-date foreign portfolio (USD 24 billion), net investment flows (USD 13 billion) and lower absorption due to a narrower current account

India consumer confidence sees largest dip in APAC: Mastercard
India consumer confidence sees largest dip in APAC: Mastercard

India consumer confidence sees largest dip in APAC: Mastercard. Consumer confidence in India witnessed largest decline for the first half of this year compared to July-December period of 2016, as consumer outlook on the economy and quality of life parameters suffered, says a Mastercard survey. According to the Mastercard Index of Consumer Confidence released today,

Govt extends Bhim cash back scheme for merchants till March
Govt extends Bhim cash back scheme for merchants till March

Govt extends Bhim cash back scheme for merchants till March. The government has extended till March a cash back scheme that offers incentives of up to Rs 1,000 to merchants for accepting payments through the BHIM application. “The BHIM cash back scheme for merchants will be operational till March 31, 2018,” a note by Ministry

RBI will soon issue the Rs 50 denomination

RBI will shortly issue new banknotes of Rs 50 denomination in the Mahatma Gandhi (New) Series. Press release by RBI  has informed that the base colour of the new notes will be fluorescent blue and its dimension will be 66 mm x 135 mm.It will have a motif of Hampi with Chariot on the reverse, depicting

Gold plunges Rs 190 on fall in demand
Gold plunges Rs 190 on fall in demand

Gold slipped below the Rs 30,000 -mark by falling Rs 190 to Rs 29,860 per 10 grams at the bullion market today on muted demand from local jewellers even as the metal strengthened overseas.Silver followed suit and declined by Rs 200 to Rs 40,000 per kg due to reduced offtake by industrial units and coin

Companies with transitional credit get more time to file GST returns
Companies with transitional credit get more time to file GST returns

Companies with transitional credit get more time to file GST returns. The government today gave some relief to taxpayers availing of transitional input tax credit under the GST regime by giving them an extra week until August 28 to file tax returns. Businesses under the Goods and Services Tax (GST) set-up have to file their

Rupee slips 2 paise against US dollar
Rupee slips 2 paise against US dollar

Rupee slips 2 paise against US dollar. The rupee edged lower by two paise to 64.17 against the US dollar in early trade today on sustained foreign fund outflows.Traders attributed the rupee’s fall to increased demand for the US currency from importers and banks and a lower opening in the domestic equity market.However, dollar’s weakness

Gold climbs Rs 56 on positive global cues
Gold climbs Rs 56 on positive global cues

Gold climbs Rs 56 on positive global cues. Gold prices were up by Rs 56 to Rs 29,270 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend.At the Multi Commodity Exchange, gold for delivery in far-month December was trading higher by Rs 56, or 0.19 per cent,

Rajasthan holds IT fest to develop apps on state schemes
Rajasthan holds IT fest to develop apps on state schemes

Rajasthan holds IT fest to develop apps on state schemes. Around 800 experts and students are taking part in a two-day IT event here that aims to provide a platform for entrepreneurs and startups and develop apps for state flagship schemes.The event, DIGIFEST 2017, organized by Rajasthan Information and Technology Department, was kicked off today

Ola's connected car platform, Ola Play now in six cities across India
Ola’s connected car platform, Ola Play now in six cities across India

Taxi app Ola has announced the launch of Ola Play, its connected car platform for ridesharing in two new cities, Chennai and Pune. Ola Play launched in November last year, in a short span of time has witnessed 200 percent quarter on quarter growth. Starting with over 1000+ cars in the city and a host

Vishal Sikka resigns as MD and CEO of Infosys- Daily Post India
Vishal Sikka resigns as MD and CEO of Infosys

Vishal Sikka on Friday submitted his resgination for the post of Managing Director (MD) and Chief Executive officer (CEO) of Infosys. UB Pravin Rao has been appointed as Interim MD and CEO of the company.   Accepting his resignation, Infosys has now appointed Sikka as the Executive Vice-Chairman. In a press release issued, Infosys said:

Gold tops Rs 30,000
Gold tops Rs 30,000 on demand push, silver above Rs 40k

Gold tops Rs 30000 on demand push, silver above Rs 40k. A strong global trend and intensifying local demand turned out to be a potent mix for gold prices that surged Rs 300 to Rs 30,050 per 10 grams today. Silver surpassed the Rs 40,000 level again with a sharp jump of Rs 900 at

Alibaba to help SMEs expand their business to global markets
Alibaba to help SMEs expand their business to global markets

Alibaba.com, a leading global wholesale trading platform, has expressed its willingness to extend helping hand to small and medium-sized enterprises (SMEs) in the city for expanding their business globally at a faster pace. Addressing a workshop for re-sellers of textile products in the city recently, Alibaba.com Head, Global Supplier Department, Jack Zhang ascertaining the crucial

Gold drops below Rs 30,000, silver plunges Rs 800
Gold drops below Rs 30,000, silver plunges Rs 800

Gold drops below Rs 30,000, silver plunges Rs 800. Gold moved on a slippery track today, settling below the Rs 30,000-mark by plunging Rs 300 to Rs 29,750 per 10 grams, in a sign of subdued overseas trend as well as local demand.The plunge was sharper in silver, which cracked below the Rs 40,000 level

Swiss Party Opposes Black Money Info-Sharing Pact With India
Swiss Party Opposes Black Money Info-Sharing Pact With India

The Swiss People’s Party (SVP), a populist political party in Switzerland, has opposed automatic exchange of banking information with India and 10 other countries. The opposition by SVP, which is known as a national-conservative and right-wing populist political party, is in sharp contrast to the official position of the Swiss government which has cited strong