Indian Railways is undertaking several measures to modernise and strengthen its rail ticket booking system. The Indian Railway Catering and Tourism Corporation (IRCTC) has set a new ticket booking record! Online booking of train tickets now accounts for 89% of total train ticket bookings on the Indian Railways network and this rush became evident when…

The RBI has recently floated a tender to procure material for polymer banknotes. Soon you may be using plastic or polymer currency notes! The government has authorised the Reserve Bank of India (RBI) to print an initial batch of 2 billion polymer banknotes for field trials, the government informed Parliament on Monday.The RBI has recently…

Dixon Technology surged 3.5 per cent after announcement of JV with Vivo for manufacturing smartphones in India NEW DELHI: Govt approval for a manufacturing joint venture between China’s Vivo and Dixon Technologies could become the blueprint for how Chinese smartphone brands expand production in the country while navigating strict foreign investment rules.The approval clears a…

BENGALURU: Canara Bank plans to raise $2.3-2.5 billion through foreign-currency deposits under RBI’s FCNR(B) deposit swap window, its MD and CEO Brajesh Kumar Singh told TOI.The bank has already mobilised around Rs 7,300 crore through the scheme in July. Canara Bank’s loan book grew nearly 18% in the June quarter, outpacing the 11.6% increase in…