RBI issues new LCR guidelines for banks

IANS | April 22, 2025 3:14 PM

Mumbai, April 22 (IANS) The RBI has issued new Liquidity Coverage Ratio (LCR) guidelines which will require a bank to assign additional run-off rates of 2.5 per cent to internet and mobile banking-enabled retail and small business customer deposits with effect from April 1, 2026.

Swedish major Ericsson sets up antenna manufacturing in India

IANS | April 22, 2025 1:15 PM

New Delhi, April 22 (IANS) Aligning with the 'Make in India' initiative, tech major Ericsson on Tuesday announced to set up antenna manufacturing in India in collaboration with homegrown company VVDN Technologies to boost innovation, growth and global delivery.

Naveen Jindal lauds 12 pc safeguard duty on steel imports

IANS | April 22, 2025 11:19 AM

New Delhi, April 22 (IANS) Naveen Jindal, President of the Indian Steel Association and Chairman of Jindal Steel and Power, on Tuesday welcomed 12 per cent safeguard duty on certain flat steel products for 200 days, effective from April 21.

FM Sitharaman invites global CEOs, investors to join India’s growth story

IANS | April 22, 2025 11:06 AM

San Francisco, April 22 (IANS) Union Finance Minister Nirmala Sitharaman met global CEOs, pension fund managers and other institutional investors here, and discussed the opportunity for collaboration in the domain of energy and sustainability, the Rs 1 lakh crore ($12 billion) corpus private sector–driven research, development, and innovation scheme, and GIFT-IFSC, among others.

Over 8 in 10 Indian users seek compact smartphones with flagship performance: Report

IANS | April 22, 2025 11:03 AM

New Delhi, April 22 (IANS) More than eight in 10 (88 per cent) consumers in India are likely to purchase a compact smartphone if it delivers flagship-level performance, with more than half of the respondents not willing to compromise on processor performance and battery life when purchasing a compact smartphone, a report showed on Tuesday.