Sanjay Malhotra,,Governor,Reserve Bank of India The 'National...
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FM says Finance Ministry does not advise LIC on investments, Adani investments as per SOPs
"The Ministry of Finance does not issue any advisory/direction to...
Govt orders smartphone makers to preload state-owned cyber safety app
In tackling a recent surge of cyber crime and hacking, India is...
IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator
The Administrator, in its affidavit informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own...
Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount
"Rent rebate to postpaid customer or validity extension to prepaid customer, due delay in rectification of faults or due to significant network outage of more than 24 hours, as applicable, shall be made within one week of rectification of significant network outage,"...
Hong Kong slaps AIA with record fine for anti-laundering lapses
The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
Tesla registers insurance brokerage in China
By selling insurance directly to consumers, Tesla could potentially offer lower-cost EV insurance products, which are usually more expensive than those for gasoline cars Beijing: Tesla registered an insurance broking firm in China at the end of July, based on a...
Centre issues fresh ESA draft for Western Ghats following Kerala disaster
The draft notification suggests a complete ban on mining, quarrying, and sand mining, with existing mines to be phased out within five years ”from the date of issue of the final notification or on the expiry of the existing mining lease, whichever is earlier”.It also...
Govt must provide additional disaster management funds to states without discrimination: Kharge
"The country is grappling with climate change, where floods, heavy rainfall, cloudburst and drought-like emergent situations have occurred in many states. For this, we will have to take steps by adopting a scientific approach, with the participation of all, by making...
HDFC Life fined Rs 2 crore by IRDAI for violating regulations
The IRDAI has asked HDFC Life to review its vendor management policy and review all its existing vendors’ agreement to make necessary changes to its policy in line with the regulations on outsourcing. Mumbai: The IRDAI has slapped fine of Rs 2 crore against HDFC Life,...
Small Indian banks back online after ransomware attack, payments authority says
The attack had affected C-Edge Technologies, a technology service provider to the banks. India has about 1,500 cooperative and rural regional banks, which largely serve customers in hinterland areas, one-fifth of which were affected by the attack MUMBAI: Nearly 300...
Fed leaves rates unchanged, nods to possible September cut
Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit
The lawsuit, filed in 2022, was the first major case to be brought under Texas’ 2009 biometric privacy law, according to law firms tracking the litigation. A provision of the law provides damages of up to $25,000 per violation. Texas accused Facebook of capturing...