To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore. ‘MSME Sahaj – End to End Digital Invoice Financing‘, provides solutions ranging from applying for the loan, documentation and disbursement of…
NEW DELHI: Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore…
MUMBAI: The rupee breached the 84/dollar mark for the first time Friday, settling at 84.06, down 12 paise from Thursday’s close of 83.94. Opening at 83.98, the currency touched an intraday record low of 84.07.The breach of the 84 level is significant as RBI had defended this threshold for over two months. Friday’s intervention marked…
NEW DELHI: About 193 companies, ranging from Reliance Industries, Larsen & Toubro, Maruti Suzuki, Jubilant FoodWorks and Eicher Motors, have offered over 90,000 internships through the PM Internship scheme portal, which opens to applicants on Oct 12 evening.As of Friday, 90,849 internship opportunities have been posted by 193 companies, including major private sector players, sources…
NEW DELHI: India has emerged as the largest engineering base for American semiconductor giant Qualcomm – bigger than even home market US – as the company rides on high-end local technical talent as well as affordable costs to develop solutions that are deployed across global markets.Such has been the success of the company’s work in…
The average Social Security payment is increasing by $48 per month next year. The Social Security Administration announced the 2.5% cost-of-living adjustment (COLA) for 2025 on Thursday, marking the smallest increase since 2021. The average COLA was 2.6% across the past decade, with the 2024 change at 3.2%, according to the administration. The close to…
Leaders from Nvidia’s Jensen Huang to JPMorgan Chase’s Jamie Dimon have hailed AI as the technology driving the next industrial revolution. And while AI can lead to business impact and productivity gains, it can also be “unreal and dystopian,” one Apple Intelligence user discovered. On Thursday, Nick Spreen, an app developer based in New York,…
NEW DELHI: Demand for premium cards is on the rise as growing spends by high-net-worth individuals and economic growth are fuelling their adoption.As the country’s GDP moves up to $3.5 trillion, spending by HNIs and other affluent Indians is on the rise while they seek exclusive services, including feature-rich credit cards.RBI has reported a 16.4%…
Tesla’s “We, Robot” event Thursday night showed that Elon Musk is steering the electric car maker towards a self-driving future — one without steering wheels. Musk arrived at the event, held at Warner Bros. studio in Burbank, California, in a “Cybercab,” a self-driving car without the standard controls: no pedals, plug to charge, or steering…
Ryan Salame, a former FTX top executive who worked alongside Sam Bankman-Fried, is set to report to federal prison in Maryland on Friday. He pleaded guilty to campaign finance fraud in May and will serve a sentence of seven-and-a-half years. Salame, 31, announced the change in location and scenery by updating his LinkedIn Thursday with…
