ICICI Bank raises $17.88 billion under RBI's FCNR(B) swap facility

IANS | September 2, 2026 11:35 AM

New Delhi, Sep 2 (IANS) ICICI Bank has mobilised about $17.88 billion through foreign currency non-resident (FCNR-B) deposits under the Reserve Bank of India's special dollar-rupee swap facility, the lender said in an exchange filing on Wednesday.

India’s development lessons can help world: Ajay Banga

IANS | September 2, 2026 10:17 AM

Asheville, Sep 2 (IANS) India has reached a stage where its development experience, including digital public infrastructure and technology-led agriculture, can be shared with other countries, World Bank President Ajay Banga has said.

Apple's new CEO to get $58 million pay package in FY27

IANS | September 2, 2026 10:06 AM

New Delhi, Sep 2 (IANS) US-based Apple Inc.'s new Chief Executive Officer John Ternus will receive a compensation package worth about $58 million in fiscal 2027, while outgoing CEO Tim Cook is set to receive about $47 million in his new role as executive chairman, as per multiple reports.

Consumer prices up 3.1 pc in S. Korea in Aug over fuel, mobile subscription fees

IANS | September 2, 2026 9:38 AM

Seoul, Sep 2 (IANS) South Korea's consumer prices moved up 3.1 per cent in August from a year earlier as oil prices remained elevated, along with higher mobile service subscription charges due to a low base effect from large-scale discounts offered last year following a hacking incident, data showed on Wednesday.

India can clock growth beyond 8 pc: World Bank's Ajay Banga

IANS | September 2, 2026 9:14 AM

Asheville, Sep 2 (IANS) India has the potential to grow beyond its current 7-8 per cent trajectory, World Bank President Ajay Banga has said, describing the country’s latest economic performance as robust despite global energy pressures, trade uncertainty and the impact of El Niño.

India, World Bank eye deeper capital ties

IANS | September 2, 2026 7:08 AM

Asheville, Sep 2 (IANS) India and the World Bank Group have discussed expanding their partnership beyond traditional lending, with a sharper focus on infrastructure finance, digital public infrastructure, tourism and the mobilisation of private capital.