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India, US, Saudi, EU Sign Ports Deal To Counter China Amid G20

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi. The pact comes at a critical time as U.S. President Joe Biden...

SoftBank Eyes OpenAI Investment Amid Arm IPO Fever – FT

Japanese tech investment fund SoftBank is looking for deals in artificial intelligence, including a potential investment in ChatGPT-maker OpenAI, after the blockbuster listing of its Arm unit. SoftBank’s founder and chief executive, Masayoshi Son, is now looking to invest tens...

China Central Bank in Investment Talks with JPMorgan, HSBC

China’s central bank and forex regulator met foreign financial institutions including JPMorgan, HSBC on Monday as Beijing bids to revive foreign trade and investment. Deutsche Bank and Tesla were also among those attending the meeting, according to a statement by...

Russia’s VTB Bank to commence money transfer in Indian rupees for easier transactions and forex services improvement

VTB Bank one of Russia’s leading banking institutions, is set to commence money transfer operations in Indian Rupees by the end of September. The bank will enable retail customers to transact funds directly with individuals and legal entities in...

Brazil’s Ebanx expands into India in Asian market debut

Brazilian financial technology company Ebanx is expanding operations to India, marking its entry into the Asian market ahead of plans to eventually launch an initial public offering (IPO), the firm said. The move is part of the company's global expansion...

SBI introduces digital opening of NRE/NRO account setup through YONO

State Bank of India (SBI) has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current accounts) through its mobile app YONO. This service is designed for NTB or 'new to...

Indian Bank Launches IB SAATHI to Enhance Financial Inclusion Services

Indian Bank has introduced a new initiative called ‘IB SAATHI’ (Sustainable Access and Aligning Technology for Holistic Inclusion) to bolster its financial inclusion efforts. The primary goal of IB SAATHI is to provide essential banking services to various stakeholders...

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