Business

UPI transactions

Indians can now make UPI payments in Uzbekistan

New Delhi: The NPCI International (NPIL) has paved the way for Indian tourists, business travellers and students to use UPI for making instant cross-border merchant payments by scanning Uzbekistan’s national interoperable QR code, UZQR, according to a Finance Ministry statement issued Monday. The NIPL, the...

Israel, Greece sign largest-ever bilateral arms deal

Tel Aviv: Israel signed a multi-billion-dollar weapons deal with Greece, the largest between the two Mediterranean countries, as Israeli defence exports soar. Israel's Defence Ministry said Monday the nearly 3 billion Euro (USD 3.5 billion) defence export deal, coined Achilles Shield, is one of the...

Indian Economy

India’s economy grows 7.8% in Q1 despite Iran war fears

New Delhi: India's economy grew at a faster-than-expected 7.8 per cent in the April-June quarter, showing resilience in the face of concerns that the war in Iran and resulting global economic uncertainty could weigh on growth. Gross domestic product (GDP) growth in the first quarter...

Defence gear

Govt considering easing FDI norms in defence sector, says official

New Delhi: The government is considering liberalisation of foreign direct investment (FDI) norms in the defence sector to further attract overseas investors, an official said Monday. The Department for Promotion of Industry and Internal Trade is holding stakeholder consultations on the subject. "Some easing in...

 

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