“It is primarily, I think, to consumer interest, to reduce costs...
Category:
Indian News
Latest
Leadership changes loom at Bajaj General, IndusInd General
Sharad Mathur has already joined IndusInd General Insurance to...
GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best...
PM Modi highlights climate inequality: Developed nations emit 6 times more per capita than India
"We all know that the responsibility for carbon emissions has often been wrongly placed on developing countries. While the historical truth is that even today, India's contribution to per capita carbon emissions is less than half of the global average," he said at the...
CBI lodges FIR against Anil Ambani’s RCAP over Rs 2,684-cr LIC investment ‘fraud’
Anil Ambani,Group chairman,Reliance Group According to the Central Bureau of Investigation (CBI), LIC has alleged that between April 12, 2012, and March 9, 2018, it subscribed to five non-convertible debentures (NCDs) issued by RCAP, aggregating to Rs 3,900 crore.The...
Moody’s raises India’s FY27 growth projections to 7 pc; flags inflation risks from crude, El Nino
"Although we continue to expect India to grow faster than all other G20 economies, as well as similarly rated emerging market sovereigns, risks remain. Elevated energy prices could push annual average inflation beyond its 4.8 per cent projection for the fiscal. The...
Trai tightens anti-spam rules, brings AI-based detection, automated calls under framework
The amended rules also provide for a consumer appeal mechanism against complaint resolutions; currently, this avenue is open for issues such as bill discrepancies. The amended norms permit no more than seven days of follow-up commercial communication when a verifiable...
Power infra the biggest risk factor in India’s data centres: Howden report
Between 2016 and 2025, the power consumed by data centres built in India grew 68-fold, at a 60% CAGR as per the recent S&P data. The demand is forecast to reach 57 TWh by 2030. Increasingly, hyperscale campuses are looking to on-site, behind-the-meter generation...
FSSAI initiates legal action against Nestle India over infant nutrition products
According to FSSAI, it examined NAN Excella Pro Stage 1, Lactogen Pro 1, and a follow-up formula along with their promotional material available on e-commerce platforms.Both the products were found to be in contravention of Regulation 4(2) of the Food Safety and...
LIC leads $703mn NSE anchor book
LIC, NSE’s largest shareholder, emerged as the biggest anchor investor, acquiring 2.24 million shares valued at ₹400.3 crore. Societe Generale’s offshore derivative instrument desk picked up 1.77 million shares worth ₹316 crore, while Norway’s Government Pension Fund...
EPFO wage ceiling hike could benefit up to 1 crore new workers: Mandaviya
Union Labour and Employment Minister Mansukh Mandaviya According to the latest EPFO data cited by the government, the organisation has around 7.98 crore contributing members across about 7.68 lakh contributing establishments, while the EPS provides pension benefits to...
Meta to report child safety cases directly to India’s cyber crime portal amid govt crackdown
"To collectively strengthen our efforts to combat this harm, Meta will now report child safety matters directly to the cybercrime portal managed by I4C," the spokesperson said. New Delhi:Amid a government crackdown on child sexual abuse and other harmful content...
UPI transactions above Rs 2,000 to attract 0.4% MDR from October 15, capped at Rs 300
The government notified changes in its payments legislation on Monday, specifying that banks cannot impose charges on payments via Unified Payments Interface transactions of up to 2,000 rupees ($20.93). New India: The introduction of Merchant Discount Rate (MDR) on...