Speaking at the Times Network "We have formalised employment in the country by increasing the number of workers to 300 per unit, which was earlier 100," Mandaviya said. The labour minister said the government views workers as a priority segment that directly contributes to shaping the country's future and that the labour force would be a central pillar as India marks 100 years of Independence. Earlier, employers used to provide The new codes have formalised employment of the left-out workers, and they will ...

Speaking at the Times Network "We've brought down debt-to-GDP from over 60% post-Covid; it's declining, and debt reduction will be the core focus next financial year," Sitharaman said.The Centre expects general government debt to fall to 56.1% of GDP in this financial year.Calling for greater accountability and transparency in state finances, Sitharaman said that the Centre has consistently reduced debt levels and that states must follow suit.Live Events"Unless the debt-to-GSDP (gross state domestic produc ...

Ripple, the provider of enterprise blockchain and crypto solutions, has partnered with AMINA Bank, marking the first time a European bank has adopted its end-to-end payments solution.The collaboration aims to streamline cross-border payments for the Swiss-regulated crypto bank, allowing its clients to settle transactions in minutes, 24 hours a day, 365 days a year, without relying on traditional banking infrastructure.Bridging the gap between Web3 and legacy bankingFor many crypto-native businesses, moving ...

A group of shareholders in digital bank Monzo reportedly want to reinstate its outgoing CEO.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.TS Anil is due to step down as head of the U.K. company in February, but t ...

Eternal (Zomato) promoter Deepinder Goyal has pipped Radhakishan Damani of Avenue Supermarts (Dmart) to top the IDFC FIRST Private & Hurun India’s top-200 Self-made Entrepreneurs of the Millennia 2025 list released here on Wednesday.While Eternal topped the list with its valuation rising 27 per cent year-on-year to ₹3.2 lakh crore, Avenue’s Supermarts’ dipped 13 per cent to ₹3 lakh crore to occupy the second place.Interestingly, Rahul Bhatia and Rakesh Gangwal of InterGlobe Aviation (Indigo), which faced tr ...

Vaidyanathan said geoeconomics ultimately boils down to economic power. “Trade negotiations, tariffs and supply chains are all decided by the underlying strength of an economy—what a country produces, what others need and how competitive it is,” he said, citing China’s manufacturing scale and the US’s consumption-led $30 trillion economy as examples.India, he said, is now asserting its own strength. “From a $1.5 trillion economy some years ago, India is already close to $4 trillion. That growth story is pl ...

Credit for images: Supplied photosWeFi’s co-founder and group CEO Maksym Sakharov has positioned himself at the centre of a financial shift that is starting to reshape how money moves, how value is stored, and who gets real control over their wealth. Leading the world’s first deobank, he sits at the intersection of traditional finance, blockchain, and global regulation, arguing that the next big leap in banking won’t come from sleeker apps or faster KYC, but from rebuilding the system on-chain. In this con ...

The very existence of banks is justified by their ability to mobilise funds, specifically from the general public (depositors), and utilise those funds for their intended purpose: lending to firms and individuals within the economy. Collectively, the lending as a percentage of deposits is referred to as the credit-deposit ratio (CDR). The CDR in the range of 70-80 per cent is generally considered comfortable, though there is no specific number or range mandated by the Reserve Bank of India (RBI).In January ...

The Indian rupee has fallen for the fourth consecutive session today, hitting an all-time low of the 91 per dollar mark in the afternoon session. Falling to this lowest mark can be due to several factors including tariff pressures from Washington. The Indian rupee has fallen for the fourth consecutive session today, hitting an all-time low of the 91 per dollar mark in the afternoon session. Falling to this lowest mark can be due to several factors including tariff pressures from Washington, which still impa ...

Market Overview - Nifty Bank index opened lower at 59,054, down 0.3% from Friday's close of 59,390, currently at 59,220 [1] - The advance/decline ratio is 3/9, indicating a bearish market sentiment [1] - Nifty Private Bank and Nifty PSU Bank indices are both down approximately 0.3%, reflecting similar selling pressure across public and private banks [2] Individual Bank Performance - Federal Bank increased by 0.8%, IDFC First Bank by 0.7%, and Canara Bank by 0.1%, marking them as gainers [1] - IndusInd Bank and Kotak Mahindra Bank are the top losers, down 0.9% and 0.7% respectively [1] Futures Market - December expiry Nifty Bank futures opened lower at 59,600, down nearly 0.4% from last week's close of 59,658, currently trading at 59,440 [3] - Important support levels are identified at 59,150 and 59,000, which may prevent further declines [3] - A potential rebound could push Nifty Bank futures to targets of 60,500 and 61,000 [3] Support and Resistance Levels - If the futures contract falls below the support level of 59,000, the short-term outlook may turn bearish, with notable support at 58,250 [4] - Current trade strategy suggests staying out for now, with a long position on Nifty Bank futures recommended if it slips to 59,150, targeting 60,500 with a stop-loss at 58,900 [5] - Supports are at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5] Companies to Monitor - IndusInd Bank Ltd is highlighted as a company to follow in the current market context [5]