Category: Business

AU Small Finance Bank Submits Application To RBI For Universal Bank Licence

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New Delhi: AU Small Finance Bank (AUSFB) on Tuesday submitted an application to the RBI seeking approval for a universal bank licence. The RBI in April invited applications from small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, for becoming regular or universal banks. AUSFB submitted an application to…

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PM Modi hails 10 years of Jan Dhan Yojana; shares how it has been ‘game-changing’ – Times of India

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10 years of Jan Dhan Yojana: Prime Minister Narendra Modi on Wednesday celebrated the 10th anniversary of the Jan Dhan Yojana and commended those who contributed to its success. “Today, we mark a momentous occasion – #10YearsOfJanDhan. Congratulations to all the beneficiaries and compliments to all those who worked to make this scheme a success,”…

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Australians get ‘right to disconnect’ after working hours

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A “right to disconnect” rule has come into effect in Australia, offering relief to people who feel forced to take calls or read messages from employers after they finish their day’s work. The new law allows employees to ignore communications after hours if they choose to, without fear of being punished by their bosses. A…

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Gold rate continue to climb locally despite global market decline | The Express Tribune

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Listen to article Gold prices in Pakistan have continued their upward trend, even as global rates have seen a decline for the second consecutive day. On Friday, the price of 24-carat gold in Pakistan increased by Rs200 per tola, pushing the new rate to Rs262,000. The price of 10 grams of gold also saw a rise of…

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Finance minister sees IMF approval for $7 billion bailout package next month – SUCH TV

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The government in Islamabad has said it is making good progress with the International Monetary Fund (IMF) and hopes to get board approval in September for a new $7 billion loan programme. “We are making good progress with the IMF for Board approval in September,” Finance Minister Muhammad Aurangzeb said on Wednesday in a text…

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Kerala-Based Travel Services Operator Alhind Group Receives Nod to Start an Airline – News18

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Alhind Group is looking to start airline operations by the end of this year. Alhind Group is looking to start Alhind Air operations by the end of this year after receiving the Air Operator Certificate from the Directorate General of Civil Aviation (DGCA). Kerala-based travel services operator Alhind Group has received the Civil Aviation Ministry’s…

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Gold Boosts Returns And Lowers Risk, While Bitcoin Heightens Volatility: World Gold Council

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New Delhi: Gold consistently reduces portfolio volatility while improving returns, even with increased allocation. By simulating portfolio performance with varying allocations of gold (2.5 per cent to 10 per cent), it’s evident that the metal bolsters return without adding significant risk, according to World Gold Council. On the other hand, Bitcoin shows diminishing returns as…

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Boost for IAF’s fighter fleet! Sukhoi 30-MKI jets likely to get new engines in Rs 21,000 crore deal – Times of India

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Sukhoi 30-MKI fighter jets set for a boost! The Defence Ministry is looking to sign a deal worth approximately Rs 21,000 crore to procure jet engines for its Su 30MKI fighter fleet. Hindustan Aeronautics Limited (HAL) will manufacture the engines in India, starting from the raw material stage, to replace the ageing engines nearing the…

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