Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing
According to Minister of State for Finance Pankaj Chaudhary, the rise of Indian fintech firms has been exponential, and the sector is predicted to reach a valuation of USD 150 billion by 2025. Chaudhary said fintech has emerged as one of India’s fastest-growing areas, attracting increased attention from all stakeholders,
On May 12, the Union government eased the requirements for the Covid vaccination precaution dose, allowing persons travelling abroad to acquire the vaccine before the nine-month waiting period mandated by the destination country. Health Minister Mansukh Mandaviya made an official declaration on Twitter. “Indian citizens & students travelling overseas can
India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid New Delhi’s goal of reducing China’s influence on the island nation, now grappling with a severe economic crisis. There was no immediate prospect that power cuts brought by
The Securities and Exchange Board of India (SEBI) has given in-principle apporval to the BSE to commence trading in electronic gold receipts (EGR) on the exchange, the bourse said in a filing to the National Stock Exchange. “To seek final approval for the introduction of the EGR segment, we have been advised
Savings and investment management platform Jar has raised $32 million in a Series A funding round led by Tiger Global, the company has said . The round also saw participation from Rocketship.vc, Third Prime, Stonks, Force Ventures and existing investors including Arkam Ventures and WEH Ventures, the company said on February
Finance Minister Nirmala Sitharaman in her Union Budget Speech for the upcoming fiscal year has announced that Kisan drones will be used to drive a wave of technology in the Agriculture and Farming Sector. These drones will be used for crop assessments, land records and spraying of insecticides.
France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same reason, the CNIL said. “The CNIL