Business
Employing IMT Tech, RBL Bank Launches Card-less Cash Withdrawal Facility Through ATMs
To avail the service a customer has to log into RBL Bank's MoBank app to locate an ATM that supports the IMT function and initiate cash withdrawal by either using his or her mobile number linked to the account or by following a few easy steps on the app.
Ingka Grp Hikes Sustainability Investment By 600 Mn Euro For Next 12 Mths
Swedish furniture major IKEA's partner Ingka Group has increased investment by 600 million euro (around Rs 52,00 crore) towards sustainability projects over the next 12 months. After this announcement, Ingka Group's total investments in sustainability p...
SenseHawk Raises USD 5.1 Mn From Alpha Wave Incubation, SAIF Partners
Tech firm SenseHawk on Thursday said it has raised USD 5.1 million (about Rs 37.4 crore) in funding led by Alpha Wave Incubation (AWI). Existing investor SAIF Partners also participated with a followon investment in the series A1 funding round, a statem...
Vietnam To Resume Some Asian Flights As Curbs On Business Travel Ease
Vietnam plans to restart international commercial flights to and from six Asian cities from midSeptember, state media reported on Thursday, ending months of coronavirusrelated suspension after easing some restrictions on foreign business travellers.
Singapore Central Bank Enhancing Banking System's Liquidity During Pandemic
Singapore's central bank announced new measures on Thursday to enhance the banking system's access to Singapore dollar (SGD) and U.S. dollar (USD) funding to bolster the sector's resilience during the COVID19 pandemic.
How Major US Stock Indexes Fared Wednesday
Wall Street extended its milestone-setting rally Wednesday as the Dow Jones Industrial Average climbed more than 450 points and the S&P 500 jumped to its biggest gain since July.
Fed Survey Finds Widespread Pessimism About Economic Future
The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
AstraZeneca COVID-19 Vaccine Could Be On The Market By End Of 2020: Italy Minister
The first shots of British drug maker AstraZeneca's potential COVID19 vaccine could be on the market by the end of 2020, Italian Health Minister Roberto Speranza said on Wednesday.
Should Students Gamble On An Income Share Agreement?
Students watching the COVID-19 pandemic play out have reason to be wary of taking on additional loans for college. With what could be a slow economic recovery, signing up for an additional bill that comes each month, no matter what, might sound like a bad...
Global Stocks Climb As Recovery Hopes Gather Strength
Shares gained strongly on Wednesday as investors bet that improving economic data and more policy stimulus from Washington would add momentum for equities.
Norway's Government In Deficit For The First Time In 25 Years
Norway's quarterly public spending exceeded the government's overall income for the first time in 25 years during the three months from April to June, Statistics Norway (SSB) said on Wednesday.
'Now We Are Ruined': Lebanon's Embattled Savers Try To Rebuild
Like many Lebanese expatriates, Nadim Srour wired savings back as a nest egg for his return. Now those deposits have crumbled in an economic crisis and a Beirut blast has destroyed his home.
Suga As Japan's Next Premier May Be Tough Partner For BOJ
The growing likelihood that Yoshihide Suga will succeed Shinzo Abe as Japan's new premier may be a mixed blessing for the country's central bank.
Zoom CEO Eric Yuan's Wealth Grows by $4.2 Billion After 'Blowout Quarter': Report
The Bloomberg report said Yuan could see his wealth swell beyond $20 billion if Zoom Video's stock maintains its gains on September 1.
RBI's Loosening Of Rupee Reins Likely To Aid More Gains
India's central bank appears to have stopped trying to rein in the rupee to help exports, letting the currency drift to a sixmonth high and raising expectations it will gain further, analysts and market participants said.
Argentina Defuses Default Crisis With 'massive' Debt Deal
Argentina has defused fears of a messy default after it gained backing from creditors, allowing it to exchange 99% of the bonds involved in a $65 billion restructuring, a deal that could set a precedent for future sovereign crises.