Tag Archives: Report

RBI Unlikely To Accept Shadow Banks’ Bad-Loan Exemptions Requests: Report

Shadow banks wanted loans of up to 20 million rupees ($250,000) to be exempt. MUMBAI: India’s central bank is unlikely to give “shadow banks” exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks. Non-banking financial companies (NBFCs) have asked the… Read More »

Asia Cup, IND vs HK: Weather Report – Will rain play spoilsport in India vs Hong Kong match? Know details

Image Source : TWITTER Dubai International Stadium India will face Hong Kong in their second Group league match at the Asia Cup 2022 on Wednesday. The match will begin at 7:30 PM IST and will be played at the Dubai International Stadium, Dubai. Here are details on the weather forecast: According to AccuWeather, there are less signs of… Read More »

Maharashtra Tops, UP At 2nd Spot In Crime In 2021: NCRB Report

Maharashtra also topped in registration of cases related to “riots” across the country.(Representational) New Delhi:  Maharashtra recorded the highest number of cases in the country under the Indian Penal Code (IPC) in 2021 at 3,67,218, while Mumbai was placed second among major metropolitan cities in registration of criminal offences, according to a National Crime Records… Read More »

IndusInd, Oaktree Capital, 2 Other Entities Bid For Reliance Capital: Report

IndusInd, Oaktree Capital, 2 other entities submit bids for Reliance Capital New Delhi: IndusInd Bank, US-based asset management firm Oaktree Capital, Torrent Group and B-Right Group have submitted bids for the takeover of debt-ridden Reliance Capital Ltd (RCL), according to sources. The sources said that these bids are in the range of Rs 4,000 crore… Read More »

Government Departments Didn’t Act In 55 Corruption Cases: Vigilance Report

The CVC also highlighted a case by SIDBI that resulted in massive financial loss. (File) New Delhi: Government departments have not adhered to the Central Vigilance Commission’s advice to act against corrupt officials in as many as 55 cases, with the Ministry of Railways accounting for 11 such deviations, according to an official report. The… Read More »

US Justice Department in early stages of drafting possible antitrust suit against Apple: Report

The U.S. Justice Department is in the early stages of drafting a potential antitrust complaint against Apple Inc, Politico reported on Friday, citing a person with direct knowledge of the matter. A Justice Department spokesperson declined to comment. Apple did not immediately respond to Reuters requests for comment. Politico reported the Justice Department has not… Read More »

New Digital Lending Rules Spark Disruption, Firms Plan Pushback: Report

India’s digital lending rules spark disruption, firms plan pushback MUMBAI: India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters. Citing concerns over high rates and unfair practices, the… Read More »

Akasa Air passengers’ personal information leaks in data breach: Report

The personal information of Akasa Air passengers, including details such as names, gender, email addresses and phone numbers, have reportedly been leaked to “unauthorised individuals.” The newly-launched Akasa Air only began commercial operations as recently as August 7. Business Standard reports that the airline sent emails to passengers who had booked tickets through its website,… Read More »