Swift

Analysis of data from the RBI bulletin shows that the United States, which was the second largest contributor to remittances in 2016-17, with a 22.9 percent share pipped UAE to become the largest contributor with a 27.7 percent share in India’s total remittances

SWIFT to trial live digital currency transactions next year

Banks and asset managers have been exploring "tokenising" traditional assets like bonds for several years

Maruti Suzuki Launches New Swift | Here’s The First Look, Features & Price

Maruti Suzuki India Limited launched the all-new Swift at a starting price of Rs 6.49 lakh that goes up to Rs 9.64 lakh (ex-showroom Delhi) The new Swift is is powered by all-new 1.2 litre, Z-Series engine that produces 80 bhp at 5,700 rpm and 112Nm of torque at 4,300 rpm and is mated to either a 5-speed manual transmission or a 5-speed AMT. Watch for more!

Swift to expand premium hatchback segment, not cannibalise any other models: Maruti Suzuki

The fourth generation Swift will be taking on another superhatch Hyundai i20 ( Rs. 7.04 - 11.21 lakh price range) and can also be subscribed for Rs 17,436 per month

Maruti Suzuki hikes prices of Swift and selected variants of Grand Vitara; details here

This comes after the leading automaker announced a price hike across models to the tune of 0.45 percent in January citing increased cost pressure

India using SWIFT global payment system to settle Russia dollar trade: source

The West blocked access to SWIFT for several Russian banks, including Sberbank and VTB, soon after Moscow invaded Ukraine in February last year to target Russian trade, making it harder for Russian companies to do business. SWIFT underpins financial transactions globally.

Global NCAP crash test results are in; and the news isn’t good for Maruti Suzuki

Abysmal safety ratings for the country’s largest carmaker bring into sharp focus the need for safer entry-level road cars.

Maruti Suzuki Swift's new variant launched with S-CNG Technology

The new model also offers fuel efficiency of 30.90 Km/kg, making it India’s most powerful CNG hatchback and the most fuel-efficient CNG premium hatchback.

Top-10 selling cars of June 2022: Maruti Suzuki takes the top-3

While Tata Motors has been doing phenomenally well, competition has and always will be there from India’s biggest four-wheeler manufacturer, Maruti Suzuki. In the month of May, where the Tata Nexon managed to secure second place, in June it has been shifted down to fourth with the top-3 going to Maruti Suzuki.

Payment giant has SWIFT alternative for 32 million Indian expats

Indians overseas remitted $87 billion last year, the biggest inflow for any country tracked by the World Bank. The remittances market, where it costs $13 on average to send $200 across borders, is ripe for disruption, according to Ritesh Shukla, chief executive officer of NPCI International Payments Ltd.

Indian banks watchful of defaults, delay in offshore dues amid Russia, Lanka crises

Some bankers said the situation may worsen if Western countries invoke sanctions against all trading partners of Russia. India is among the few countries that have not entirely cut their trade ties with Russia.

Russia proposes SWIFT alternative to India for Ruble payments

The plan involves rupee-ruble-denominated payments using Russia’s messaging system SPFS, the people said, asking not to be identified discussing confidential deliberations.

The world after the Ukraine war

The war in Ukraine will herald changes in geopolitical structures, the energy transition, cross-border payments and technology nationalism

Government to work out alternative trading mechanism with Russia only after situation eases

Apart from geopolitical compulsions, India needs to make sure that revamping trade flows to Russia doesn’t do more harm than good to the export and banking sectors, senior officials said.

Explained | How exactly does the West plan to cripple Russia economically through sanctions?

Similar sanctions have been used earlier by the US against the regimes in Iran and North Korea, which effectively eliminated them from global financial flows and removed all possibility of them interacting with the global economy independently.

Investors brace for volatility as US allies move to cut Russia off from SWIFT

Investors had been fearing Russia's getting kicked off SWIFT, the world's main international payments network, as it would disrupt global trade and hurt Western interests as well as hitting Russia.

Explained: What is SWIFT, which US allies say they'll use to punish Russia for Ukraine invasion?

SWIFT, or the "Society for Worldwide Interbank Financial Telecommunication", is a secure messaging system that facilitates rapid cross-border payments, making international trade flow smoothly.

France pushes to bar Russia from SWIFT as Germany brakes

While Le Maire received public backing for the move from other nations including Austria, German Finance Minister Christian Lindner resisted the high-pressure timetable without ruling out an exclusion altogether.

Maruti Suzuki hikes prices of Swift, CNG variants of other models by up to Rs 15,000

The price change for Swift and all CNG variants is owing to an increase in various input costs, Maruti Suzuki India said in a regulatory filing.

Maruti Suzuki rolls out 1,65,576 units in June

MSI has shut production from May 1 till May 16 in order to divert oxygen from industrial use for medical purposes.

Swift completes 15 years with sale of over 22 lakh units: Maruti Suzuki

Launched in 2005, Swift heralded the start of the premium hatchback segment in India and has created a glorious legacy, MSI said in a statement.

Politics | INSTEX is an ineffective grouping which will silently wrap up

The INSTEX cannot solve Iran's own economic inefficiency, it cannot facilitate any meaningful commercial exchanges and it cannot resolve Iran's acute liquidity crisis.

SWIFT may run trials for instant cross-border payments in India

The results or trials conducted in Singapore showed payments between all countries settled within 25 seconds. SWIFT plans to go live with the ‘gpi instant’ service globally by December-end

Podcast | Digging Deeper: Nirav Modi is caught, but has banking sector caught up with SWIFT?

What is SWIFT? How has the Modi scam brought about changes in the banking sector?