Mumbai: Credit card spends grew 12 per cent in October to cross for the first time the Rs 1 lakh-crore-mark, driven by a steep 26 per cent growth in the previous month led by ICICI Bank and HDFC Bank, says a report. The banking system saw a net addition of 13,36,000 new credit cards in October, which...

Bangalore: The South African national who tested positive for the Omicron variant escaped from here after procuring a fake negative report from a private lab, the Karnataka government said Friday. It also said that the government is trying to track 10 other passengers who reportedly went went missing from the airport. Karnataka Revenue Minister R Ashok however,...

New Delhi: Asserting that Indian banks have been behind the curve in tapping payments technology, Kotak Mahindra Bank Managing Director Uday Kotak Friday said they need to wake up before large parts of the traditional financial markets move out from them. Indian bankers have been short-sighted on the payments business in the last couple of years as...

New Delhi: The electronics and IT ministry Friday released a national strategy on blockchain for adopting the technology in government systems especially for e-governance services. The ministry has adopted a multi-institutional approach for the national blockchain framework, which includes C-DAC for research and development of the framework, NIC and NICSI for hosting the national-level blockchain infrastructure and...

New Delhi: India's new climate goals will be difficult to achieve without significantly compromising the country's stated economic targets and its ambition to become a USD 5 trillion economy by 2024-25, according to global forecasting firm Oxford Economics. It further said India's pledge to achieve 'net zero' emissions by 2070 is admirable, but the path announced by...

New Delhi: Google CEO Sundar Pichai Friday said it is important to have a balance between open internet and regulations that can help support the open exchange of ideas and create opportunities. Speaking at the HT Leadership Summit 2021, Pichai said the tech giant remains committed to playing a strong enabling role in supporting growth of the...

New Delhi: India's import of raw materials to manufacture medicines during the last fiscal year stood at Rs 28,528.97 crore, of which 68 per cent (Rs 19,402.60 crore) came from China, the government Friday said. Replying to a query in Lok Sabha, Chemicals and Fertilisers Minister Mansukh Mandaviya noted that most of the imports of the bulk...

New Delhi: The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, received an overwhelming response from investors as it got subscribed a whopping 219.04 times on the last day of subscription Friday. The Rs 619.22 crore IPO received bids for 2,09,58,69,600 shares against 95,68,636 shares on offer, according to data with...

New Delhi: A decision on booster dose and Covid-19 jabs for children will be taken on the basis of scientific guidance from experts, Health Minister Mansukh Mandaviya said Friday. His comments came even as India stepped up surveillance for the Omicron variant of the coronavirus. Mansukh Mandaviya was replying to an 11-hour-long debate on the Covid-19 pandemic...

New Delhi: Millennials are leading the charge when it comes to buying pre-owned vehicles in the country, according to research report by online used car marketplace CARS24. The company has collaborated with leading research firm IPSOS to come out with the report which focuses on the used car buyer trends and top category drivers. The study highlights...