NEW DELHI: Number of MSMEs registered on Udyam portal increased from about 1.6 crore in April 2023 to 6.9 crore in 2025, according to a senior government official. Dr Rajneesh, additional secretary at the ministry of MSME, said, “Our goal is to add another 4 crore MSMEs to this ecosystem in next four to five…

India is hopeful of reaching a “fair and balanced” trade agreement with the European Union (EU) by the end of December, commerce and industry minister Piyush Goyal said on Tuesday. The comments come as the 14th round of trade talks between the two sides takes place in Brussels.Goyal said that negotiations would be carried forward…

MUMBAI: India took a step closer to becoming a global financial hub with the launch of the foreign currency settlement system (FCSS) at GIFT IFSC, Gujarat, by FM Nirmala Sitharaman during the Global Fintech Fest here. “Currently, foreign currency transactions at IFSCs are routed through correspondent banks, taking 36-48 hours for settlement. The new FCSS…

Asian stocks traded mostly in red on Wednesday following Wall Street’s first slump in eight days, losing streak after gold rallied to record high.Hong Kong’s HSI was down 287 points or 1%, reaching 26,669. Taiwan’s index also slipped down 129 points or 0.48%.Nikkei too traded in red, falling 31 points to 47,919 at 10 AM…

MUMBAI: RBI has come out with a draft Ombudsman Scheme 2025, which proposes giving the RBI ombudsman broad powers to resolve customer grievances, removing limits on the financial value of disputes and introducing high ceilings for compensation. The move is aimed at providing a cost-effective, non-adversarial mechanism to handle complaints against regulated entities.Under the draft,…