Business

Shaktikanta Das, the governor of the Reserve Bank of India (RBI), announced this development and said that customers will now be able to avail round-the-clock availability of Real-Time Gross Settlement (RTGS) System.

Business events and economic reports scheduled for the coming week.

A shortage of chips used in auto manufacturing could disrupt automotive production in China well into next year, industry officials said Friday, with chip companies saying they are raising prices and expanding their production in response.

KLM, the Dutch arm of Air FranceKLM, on Friday said it would begin offering COVID19 tested flights to Atlanta, the latest example of a European airline adopting a testing strategy to increase passenger confidence in flying amid the coronavirus pandemic.

Drugmaker Eli Lilly and Co and insurer UnitedHealth Group on Friday said they have partnered to conduct a study of Lilly's COVID19 antibody treatment bamlanivimab in highrisk Medicare patients.

Uganda has granted environmental approval for a $3.5 billion pipeline to export crude oil from western fields to the Indian Ocean coast in Tanzania, despite pressure from lobby groups.

At the interbank forex market, the domestic unit opened at 73.81 against the US dollar and gained ground to touch a high of 73.77 against the greenback, registering a rise of 16 paise over its previous close. On Thursday, the rupee had settled at 73.93 ag...

Despite simmering tensions between the two nations, China's insatiable appetite for iron ore is aiding Australia's economic recovery and that demand is expected to sustain momentum into the next year.

Now that it's clear Joe Biden soon will be president, the fight over automobile pollution and fuel efficiency standards is likely to peter out, and U.S. consumers should see a broader selection of electric and efficient vehicles.

Ryanair hopes to agree another large order of the 737 MAX jets with manufacturer Boeing over the next 18 months and expects to be flying the 230seat MAX 10 by 2025, Group Chief Executive Michael O'Leary told Reuters in an interview on Thursday.

Walmart says for the fourth time during the pandemic it will be giving its 1.5 million U.S. parttime and fulltime employees additional cash bonuses for their work.

A HDFC Bank official said existing users will be able to continue using the services and added that security-related updates for mobile banking apps will be the only addition allowed till the RBI order is in force.

China is carrying out sweeping inspections on food importers, supermarkets, ecommerce platforms and restaurants to prevent the spread of coronavirus through imported cold chain products, the country's market regulator said on Wednesday.

Following a subdued trend in Asian peers, India market is likely to open flat on December 3. SGX Nifty was trading 1.00 points lower at 13,15 at 7 am. This indicates a flat start for Nifty50 and Sensex.

Gulati was honoured with the Padma Bhushan, the third highest civilian award in the country, in 2019.

Japan's government is considering abolishing sales of new gasolineengine cars by the mid2030s in favour of hybrid or electric vehicles in line with a global shift from traditionally powered cars, public broadcaster NHK reported on Thursday.