MUMBAI: Reserve Bank of India has proposed a ceiling of Rs 50,000 for digital frauds to be eligible for compensation of up to Rs 25,000. According to the draft, customers who lose more than Rs 50,000 in a cyber fraud incident will not qualify for this compensation mechanism.Banks must credit the compensation to the victim…
BENGALURU: The IT sector’s biggest dealmakers have historically emerged from a predominantly male cohort. Even as women account for a significant share of the workforce across large IT services firms, far fewer have traditionally occupied roles that drive multi-million and billion-dollar deals, underscoring a long-standing gap between corporate representation and influence. Though still a small…
NEW DELHI: A shipping lobby group and a state-run oil company on Friday sought security escort for vessels moving in and out of the Strait of Hormuz, the channel for oil and gas supply from West Asia, while also suggesting access through other ports, such as Yanbu in Saudi Arabia, to ensure uninterrupted flow of…
NEW DELHI: India has sufficient foreign exchange reserves, low current account deficit and inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security despite the country’s high dependency on imported crude oil, a finance ministry report said on Friday.But it cautioned that if…
NEW DELHI: Government will use “every policy tool and the export promotion mission” to support exporters in the ongoing crisis in West Asia, commerce and industry minister Piyush Goyal said on Friday. “We are in complete engagement with exporters. Every day, the inter-ministerial group talks to exporters and takes feedback. We will not be found…
MUMBAI: The rupee closed at 91.75 against the dollar on Friday, down 15 paise from the previous close of 91.6, after a largely range-bound session marked by pressure from higher crude oil prices and foreign fund outflows.Suspected intervention by the central bank too influenced market movements. Heavy selling in domestic equities and withdrawals by foreign…
Banking relief for UAE and Gulf amid Iran–US–Israel crisis: Emirates NBD Bank removes ATM cash withdrawal charges In a move aimed at easing financial access during a turbulent period in the Gulf, Emirates NBD has announced that it will temporarily waive ATM withdrawal fees at other banks’ machines across the UAE and the wider GCC….
NEW DELHI: India’s medical technology (medtech) sector is set to get its first dedicated investment fund, which will also support the government’s ‘Make in India‘ push. A clutch of investors and industry veterans led by Ganesh Sabat, former CEO of SMT (Sahajanand Medical Technologies), a major cardiac stent player, are floating a Rs 1,000 crore…
Bengaluru: In a break from a decades-old system, Karnataka will stop fixing retail prices of alcoholic beverages from April 2026, allowing beer and liquor makers greater freedom to set prices in one of India’s largest alcohol markets.Announcing the move in the 2026-27 state budget on Friday, chief minister Siddaramaiah said the government will also introduce…
The Australian government sharply increased the application fee for the Temporary Graduate Visa (Subclass 485) from March 1, effective immediately. The non-refundable fee has risen to AU$4,600 (US$3,000), up from AU$2,300, marking more than a doubling over three years. The visa allows eligible foreign graduates to work in Australia from 18 months to three years…
