Page-22 of Economy & Banking Current Affairs

Nvidia Surpasses Apple With $3 Trillion Market Cap

June 8, 2024

Nvidia, a major chipmaker for artificial intelligence based in Santa Clara, recently reached a major milestone by raising its market value to $3.019 trillion, which is higher than Apple’s $2.99 trillion and just below Microsoft’s $3.15 trillion. Nvidia is now ..

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Peru Adopts India’s UPI System for Instant Digital Payments

June 6, 2024

The latest deal between NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) is a big step forward for digital payment systems around the world. The goal of this partnership is to set up a system ..

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Nvidia Stock Hits Record High, Approaches Apple’s Value

May 31, 2024

New Rise in the Price of Nvidia’s Stock market value rose sharply on May 28, when its stocks hit a new high. They are now worth almost as much as Apple’s. The value of the company’s shares went up by ..

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RBI Releases Final Guidelines for Fintech SRO

May 31, 2024

The Reserve Bank of India (RBI) finished the rules for setting up a self-regulatory organization (SRO) for the growing fintech industry in 2023. This is better than the draft guidelines that were first suggested in January, after hearing from people ..

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ADB Commits $2.6 Billion to India for Various Projects

May 30, 2024

ADB, the Asian Development Bank, promised to give a large amount of money (2.6 billion USD) to India in 2023 for several development projects. As part of this promise, USD 23.53 million in professional help and USD 4.1 million in ..

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RBI Governor Unveils Key Financial Initiatives for 2023

May 29, 2024

To make financial services easier to get to and better at what they do, RBI Governor Shaktikanta Das recently launched three big projects: the Pravaah site, the Retail Direct Mobile App, and a FinTech Repository. These plans came from what ..

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Four European Union Banks Seek RBI Nod for Clearing Model

May 28, 2024

Four big European banks—Credit Agricole, Societe Generale, Deutsche Bank, and BNP Paribas—are asking the Reserve Bank of India (RBI) to let them use a third-party clearing model to keep buying and selling Indian government bonds and derivatives. As a result of ..

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Adani Ports Becomes First Adani Group Company to Join Sensex

May 28, 2024

The Adani Group’s Adani Ports and Special Economic Zone Ltd (APSEZ) will be added to the Sensex on the Bombay Stock Exchange (BSE) on June 24. With this important step forward, APSEZ is the first company under the Adani Group’s control ..

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