Officials said the possibility that it was caused by a cyber attack...
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India, as fastest growing economy, is ideal investment destination: RBI Governor
Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra...
Govt cautions citizens against using public Wi-Fi for transactions
Free Wi-Fi at places like airports, coffee shops, and public spaces...
India faces high power cut risks after years of coal, hydropower neglect
While Indians looking to beat the heat this summer will want steady power for their air-conditioners, night time outage risks threaten industries that operate around the clock, including auto, electronics, steel bar and fertiliser manufacturing plants "If there is a...
Sebi extends timeline until March 15 for comments on ESG rating norms
This came in the wake of growing recognition of the significant economic and financial impact of climate change and environmental, social and governance (ESG) risks In addition, the regulator suggested ESG parameters that could be relevant to Indian context that may...
Money laundering rules to apply to crypto trade – gov’t notification
Extending India's money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country's borders MUMBAI: India's money laundering laws will apply to trade in cryptocurrencies, the federal...
6 Lakh HDFC Bank customers’ personal data breached, bank denies
Data allegedly includes full names, email addresses, physical addresses, and sensitive financial data, the report mentioned. The criminals provided data samples while demanding money for the full database. HDFC Bank Cares Twitter handle on Tuesday posted that "there...
Yellen warns climate change could trigger asset value losses, harming US economy
"As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as...
India must align with leading global markets in freedom in pricing, coverage, limits and deductibles: RIMS/NIA study
The report provides global benchmarks on proven insurance practices, and discusses critical aspects like customer experiences, seamless claim settlements, and adoption of new technologies. The time is ripe for introducing changes in the insurance industry that will...
El Nino expected to return, likely to fuel spike in global temperatures
La Nina refers to the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean, coupled with changes in the tropical atmospheric circulation The El Nino event may develop after three consecutive years of an unusually...
India to withdraw licenses for oil tankers, bulk carriers older than 25 yrs
"There is a need to modernise the Indian fleet, which requires extensive review of the requirements of the registration and operation of the ships," the Directorate General Of Shipping said in the order uploaded on its website late on Monday "Age norms will assist in...
US urges Microsoft, Twitter to strengthen Cyber security
“Technology manufacturers must take ownership of the security outcomes for their customers.Microsoft, Twitter and other technology companies should by default enroll users in basic safeguards such as multifactor authentication,” Jen Easterly, director of the...
Visa and Mastercard slow down on plans to forge new partnerships with crypto firms
The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and BlockFi rattled investors and increased regulatory scrutiny on the sector “Recent high-profile failures in the crypto sector are an important reminder that we...