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SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident...
US major Everest Re receives license for GIFT-IFSC venture
“Everest’s launch in India presents significant opportunity, as one...
Existing rules allow termination of govt staff for giving fake certificate to secure job: Centre
"The extant instructions provide that if it is found that a government servant had furnished false information or produced a false certificate in order to secure an appointment, he should not be retained in service," Union Minister of State for Personnel Jitendra...
Mention Of heatwaves at all-time high in India’s earnings calls
While heat wave was a recurring theme in many earnings transcripts, high raw-material costs driven by geopolitical tensions in the Middle East and disruptions to shipping routes were also significant factors Mumbai/New Delhi: India’s sweltering summer is the latest...
Ambanis most valuable among family businesses in India
"The significant industry diversification of these family businesses demonstrates their essential role in maintaining and advancing long-term economic stability and growth in India," Anas Rahman Junaid, founder and chief researcher at Hurun India Mumbai: At Rs 25.75...
Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to retail customers and as a result banks are facing challenges on the funding front with deposits trailing loan growth,RBI Governor Shaktikanta Das Referring to the recent incidence of unprecedented IT...
Clearing time for cheques to be cut from 2 days to a few hours: RBI Governor
Shaktikanta Das,Governor,RBI “This means that cheques will be cleared within a few hours on the day of presentation. This will speed up cheque payments and benefit both the payer and the payee,” the RBI governor said Mumbai: The RBI aims to reduce the clearing time...
New record of over 7.28 cr income-tax returns filed: Tax dept
"Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the new tax regime compared to 2.01 crore ITRs filed in the Old Tax Regime," the tax department said in a statemen NEW DELHI: A new record of over 7.28 crore income tax returns...
Delta CEO says airline is facing $500 million in costs from global tech outage
Speaking on CNBC, Bastian said Wednesday that the monetary amount represents lost revenue as well as “the tens of millions of dollars per day in compensation and hotels” for the five-day period. Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in...
Malware attacks in India increase by 11%; 22% jump seen in ransomware
The report stated that a total of 78,923 never-before-seen malware variants were identified in the first five months of 2024. The threat landscape remains complex, with over 500 strains of new variants discovered each day, the report said New Delhi: Malware attacks in...
CrowdStrike sued by shareholders over global outage
In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike’s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks,...
No data to establish correlation of death exclusively due to air pollution, govt tells Rajya Sabha
“There are no conclusive data available in the country to establish direct correlation of death/disease exclusively due to air pollution. However, air pollution could be one of the triggering factors for respiratory ailments and associated diseases,” Mahesh Sharma...