Geneva-based Trafigura alleged Gupta was the mastermind of a...
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Budget 2026 proposes penalties to tighten crypto transaction reporting
The proposal is aimed at ensuring compliance with Section 509 of...
Govt mulls allowing 49% FDI in PSU banks
M. Nagaraju, secretary, Department of Financial Services Foreign...
Kuwait fire, a reminder of dismal working conditions of Indian diaspora
About 13 million Indians work abroad - more than 60% of them in Gulf nations - according to information shared with parliament by the Indian foreign ministry in 2023. The bodies of 45 Indians who died in a fire in a labour housing facility in Kuwait were flown to...
Drafting of rules under data protection law in advanced stage; extensive industry consultations soon: Vaishnaw
Ashwini Vaishnaw, Union Minister for for Electronics and IT The Parliament had passed the DPDP Act in August last year. The key piece of legislation aims to protect the privacy of Indian citizens while proposing a penalty of up to Rs 250 crore on entities for misusing...
Trai takes up fraud, pesky call issues in meeting with financial regulators, institutions
The telecom regulator discussed the allocation of 160 series exclusively for making transactional and service voice calls, which has been earmarked for all entities regulated by the RBI, Sebi, Irdai and PFRDA in the first stage NEW DELHI: Telecom regulator Trai has...
Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance
“There is a temporary blip in the market momentum, due to a lack of fresh triggers after the hawkish commentary from the US Fed, lowering the plausibility of a rate cut in the short-term. A near-term consolidation seems probable as domestic investors await cues from...
Extreme heat causes income loss for 50% of Delhi street vendors: Study
"Data from over 700 respondents highlight the devastating impact on their health, productivity, and livelihoods. We demand immediate government intervention, including the establishment of heat shelters in markets with essential facilities, safety kits, and...
Urbanisation’s influence on climate change increasing in recent decades, study finds
Researchers analysed land temperatures from all over the world and discovered that, although contributing only 2 percent of land warming between 1992 and 2019, urbanisation is still not the primary driver of climate change. It was discovered that India's urban areas...
Treat transgenders as special category for employment, education: Madras HC
The ruling, issued by Justice V Bhavani Subbaroyan on June 12, 2024, directs the Tamil Nadu government to establish unique norms for transgenders in all educational and employment avenues Chennai: In a landmark decision, the Madras High Court has mandated that...
Inflation worries continue for US Fed; No policy rate cut for seventh time
Jerome Powell, US Fed Chair "We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic developments," US...
Life Insurance: Surrender charges to reduce finally, hit insurance companies
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
Fizzling monsoon could prolong heatwave in north, says IMD
"The monsoon has slowed down after reaching Maharashtra and may take a week to regain momentum," an official of the India Meteorological Department (IMD) told Reuters New Delhi: India's monsoon rains have lost momentum after covering western regions ahead of schedule,...