Author: News Desk

The Reserve Bank of India (RBI) has introduced an innovative feature called UPI Interoperable Cash Deposit (UPI-ICD), allowing customers to deposit cash at ATMs using the Unified Payments Interface (UPI) without the need for a debit card. This new capability was announced by RBI Deputy Governor T Rabi Sankar at the Global Fintech Fest 2024. UPI-ICD enables customers to perform cash deposits at ATMs equipped with this technology. These ATMs, known as cash recycler machines, are designed to handle both deposits and withdrawals, streamlining the process of managing cash. How UPI-ICD Works With UPI-ICD, customers can use their mobile numbers…

Vistara will officially merge with Air India starting November 12, following the Indian government’s approval of foreign direct investment (FDI) by Singapore Airlines. This approval eliminates the final obstacle for the merger.Singapore Airlines, which owns 49% of Vistara, will hold a 25.1% stake in the newly merged Air India. The Tata Group, which owns the remaining 74.9% stake, will oversee the integration. Transition Details From November 12, Vistara’s aircraft and crew will operate under Air India. Vistara will cease bookings for travel after this date, with all Vistara flights being redirected to Air India’s website. Air India will gradually retire…

In 2020, Rimi purchased a luxury car for ₹92 lakh from Satish Motors Pvt. Ltd., an authorised dealer for Jaguar Land Rover. The vehicle came with a warranty valid until January 2023. However, due to the COVID-19 pandemic and the resulting lockdowns, the car was not frequently used. Defects and Frustrations Once Rimi began using the car more regularly, she encountered several issues, including a noisy sunroof, screen lags, a faulty sound system, and problems with the rear-end camera. These defects caused her significant frustration and disappointment, leading her to accuse the company of negligence and emotional distress. Incident and…

Google DeepMind’s India unit is spearheading an ambitious project named Morni (Multimodal Representation for India) aimed at developing artificial intelligence to encompass 125 Indian languages and dialects. This initiative seeks to address the linguistic diversity of India, which includes over 22 officially recognized languages and numerous regional dialects. Manish Gupta, Director at Google DeepMind India, shared insights at the Global Fintech Fest in Mumbai, highlighting the project’s scope. “India has 22 official languages, but we are focusing on over 100 languages. There are 60 languages with over a billion speakers and 125 languages with more than 100,000 speakers each,” Gupta…

Global currency values are a key indicator of economic strength and financial stability. Currencies are valued based on their exchange rates against others, fluctuating with market demand and supply. Some currencies are pegged to others for stability, while floating currencies vary more. This article delves into the top 10 strongest currencies in the world, ranked by their exchange rate against the Indian rupee (INR), offering insights into their economic significance. Top 10 Strongest Currencies 1. Kuwaiti Dinar (KWD) The Kuwaiti dinar is the strongest currency globally, with 1 KWD valued at 274.40 INR. Kuwait’s significant wealth from oil exports supports…

The 2024 Hurun India Rich List has solidified Radha Vembu’s position as the richest self-made Indian woman. Co-founder of Zoho Corp., Vembu’s remarkable success continues, with her net worth soaring to ₹47,500 crore. Her leadership and entrepreneurial spirit have kept her at the forefront of India’s wealthiest women. Falguni Nayar and Jayshree Ullal Follow Following closely behind are two influential figures in the Indian business landscape. Falguni Nayar, the founder of Nykaa, ranks second with a net worth of ₹32,200 crore. Her innovative approach in the beauty and lifestyle sector has significantly contributed to her wealth. In third place is…

India stands tall as the world’s largest producer of cotton, a crop deeply rooted in the country’s agricultural and industrial sectors. The nation’s cotton production is primarily concentrated in three agro-ecological zones, with over 80% of it sourced from the top five cotton-producing states: Gujarat, Maharashtra, Telangana, Andhra Pradesh, and Madhya Pradesh. This robust production base has not only supported India’s domestic textile industry but has also made the country a significant player in the global cotton export market. India’s Global Position in Cotton Export Despite substantial domestic consumption, India ranks as the third-largest exporter of cotton worldwide, trailing only…

The UAE has introduced a new visa amnesty program aimed at individuals who have overstayed their visas. Effective from September 1, 2024, this initiative allows both residents and visitors to adjust their status without the risk of fines or deportation. Categories Eligible for Amnesty The amnesty program includes the following categories: Key Features of the Amnesty The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) will implement several key features during the two-month grace period: Waivers and Fees During this period, the ICP will waive several fines and fees, including: Previous Amnesty Program The last large-scale visa amnesty…

Reliance Industries Limited (RIL) has unveiled the “Jio AI-Cloud Welcome Offer,” set to launch around Diwali this year. This initiative will provide Jio users with up to 100 GB of free cloud storage. The offer aims to make cloud data storage and AI-powered services widely accessible across India. Expanding AI and Cloud Services Mukesh Ambani, Chairman and Managing Director of RIL, highlighted the importance of this new offering during the company’s 47th Annual General Meeting (AGM). He emphasised that the Jio AI-Cloud Welcome Offer will enable users to securely store and access their digital content, including photos, videos, and documents.…

St. Joseph’s University in Bengaluru had become a hub of activity as it hosted the Nightingales Job 60+ fair. This event, organised in collaboration with Rotary Bangalore West, highlighted a growing trend among India’s senior population: a desire to remain active, purposeful, and financially independent well beyond traditional retirement ages. A Flourishing Spirit The fair saw over 500 senior participants, many in their seventies, eager to rejoin the workforce. Retired teacher A.S. Taj, who attended with her husband, expressed the event’s sentiment perfectly: “I have the desire to breathe my last breath while working.” This spirit was shared by many…