India’s banking sector is increasingly recognising the impact of...
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Tens of thousands evacuated as cyclone Montha gains strength
The cyclone is likely to turn into a severe storm by Tuesday,...
Govt plans to hike foreign investment cap in state-run banks to 49%, source says
Foreign interest in India's banking industry is on the rise as...
Equity investors lose Rs 2.89 lakh crore in two days of market fall
''The domestic markets remained under pressure due to rising US bond yields and a stronger greenback. Concerns reigned over upcoming Fed policy, interest rate trajectory and rising oil prices. Bank Nifty underperformed today due to rising cost of funds and reduction...
Kerala to conduct surveillance study on Nipah virus: CM Pinarayi Vijayan
"It cannot be said that the Nipah threat has gone away. It is a relief that the disease has not spread to more people. The government is going ahead with effective measures to prevent the spread and ensure better treatment for those infected. The entire health system...
New India to integrate with ONDC soon, targets digital footprint increase by 10 to 15% annually: Kapur
Neerja Kapur, CMD, New India Assurance ``The insurer is taking lot of digital initiatives and is deploying artificial intelligence for doing motor Own Damage( OD) claim surveys up to Rs. 50,000. This is currently in the pilot phase. It will be rolled out to all its...
Panda urges key stakeholders to collaborate to tap massive Indian Surety Bonds market
``India is expected to spend around Rs 100 trillion on infrastructure through the National Infrastructure Pipeline in the next five years. This requires bank guarantees of around Rs 90 lakh crore in the next five years which banks currently do not have capacity for....
Govt should consider bringing in age limit for use of social media: HC
MeiTY had under Section 69A of the Information Technology Act between February 2, 2021 and February 28, 2022 issued 10 Government Orders directing it to block 1,474 accounts, 175 Tweets, 256 URLs and one hashtag. Twitter challenged the orders related to 39 of these...
Bengal transport dept to frame guidelines for use of two-wheelers for commercial purposes
In the meeting held recently, it was decided that all stakeholder aggregators, corporate houses, and agencies using non-transport two-wheelers unauthorisedly for commercial purposes must be brought under an oversight mechanism in accordance with relevant Motor Vehicle...
Global banks expand maternity benefits to retain women in India
Banks are hungry for talent in India. With US-China tensions growing, many global lenders are targeting the country, drawn by its fast-growing economy and burgeoning middle class Across India, global financial firms are expanding maternity benefits to include perks...
States reverting to old pension scheme fiscally unsustainable: RBI paper
The immediate gain for states shifting back to the OPS is that they will not have to spend on the NPS contribution of the current employees, but in the future, the unfunded OPS is likely to exert "severe pressures" on their finances, it said. Mumbai: States reverting...
Ministry of Finance approves welfare measures for LIC agents and employees
Siddhartha Mohanty, chairperson, LIC, thanked finance minister Nirmala Sitharaman for extending the benefits of agents and employees of the corporation New Delhi: The Ministry of Finance today approved a series of Welfare measures for the benefit of agents and...
TCS launches digital solution for life cycle assessment and reporting
“TCS Product Life Cycle Profiler will help our clients identify the changes they need to make their product value chains more sustainable and advance their climate goals,” TCS Global Head for Strategic Capabilities Group Suranjan Chatterjee said New Delhi: Tata...