Kazakhstan's government originally fined NCOC 2.3 trillion tenge -...
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PSU general insurance industry unions stick to 17% wage hike demand
``In today's meeting with GIPSA through virtual mode, the...
Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report
C S Setty, chairman, State Bank of India, said, “India’s Digital...
RBI shifts 100 tonnes of gold from vaults in UK to India to save storage cost
The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the same time last year, according to the annual data released by the RBI New Delhi: The Reserve Bank of India (RBI)...
Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial institutions and fintechs, jostling for market share and growth, have loosened controls." Mumbai: Digital payment frauds in India saw a more than fivefold jump to Rs 14.57 billion ($175 million) in the...
China poised to impose a record fine on PwC
PwC faces a fine of at least 1 billion yuan ($138 million), the people said. That would exceed the previous record fine for an accounting firm, the 212 million yuan handed out to Deloitte Touche Tohmatsu Ltd. in 2023 China is poised to impose a record fine on...
Provide compensation to families of those killed in heatwave: Rajasthan HC to govt
The court said there was a need to declare heatwaves and cold waves "national calamities" and looking at the fact that a large number of people have lost their lives due to extreme heatwaves and heatstrokes during summers and chilling cold during winters, it was high...
India’s sovereign rating outlook upgraded to positive by S&P Global Ratings
"We expect sound economic fundamentals to underpin the growth momentum over the next two to three years," S&P said, adding that regardless of the outcome of general elections, the ratings agency expects broad continuity in economic reforms and fiscal policies...
India to stick to policy path even if Modi loses, Rajan Says
Raghuram Rajan, former governor, Reserve Bank of India “There is a lot of continuity built into Indian policy. Whatever government comes in will take a lot of the good stuff that has been done and continue it.” Raghuram Rajan, a former governor and now a professor of...
Cyclone Remal wreaks havoc in West Bengal, Bangladesh after making landfall; 1 killed
Arup Biswas, the minister for power in West Bengal government, said the power infrastructure was heavily battered. Reports of at least 356 uprooted electricity poles and damage to scores of transformers were received during the first hour of the landfall process More...
2024 General Elections: Policies and markets at risk
A lower margin of victory for Modi could lead to short-term volatility, fund managers said, while a win for the opposition could lead to a sharper correction due to policy uncertainty New Delhi: India's six-week long national election, the world's largest, has entered...
NSE/BSE market cap to cross USD 10 trillion by 2030- Experts
BSE and NSE journey from USD 4 trillion in November 2023 to USD 5 trillion this week took less than six months Experts say the Indian market still has a long way to go if we compare it with leading markets of the world. The US leads with a market cap of almost USD...
India to emerge as an economic superpower amid looming global economic landscape
The digital revolution in India is another sector where the country has taken a lead, many countries have adopted India's UPI for financial transactions. With the highest number of digital transactions globally and broadband connectivity reaching over 93 per cent of...