About 60 per cent of Indian private insurers believe there has been a significant rise in insurance-related frauds, and as risks lurk there is an immediate need to consider a proactive fraud risk management framework, a Deloitte survey said on Thursday. Insurance companies in India have experienced a rise in fraud instances in life and [...]
HDFC Bank has become the first private sector lender to offer its customers the option to use their Rupay credit cards on the unified payments interface (UPI). Till last year, UPI was being linked to savings accounts from where the payments used to be debited. From now on, HDFC Bank Rupay credit cards can be [...]
The inbound shipment of steel is "very minimal", Steel minister Jyotiraditya M Scindia said on Thursday amid industry flagging the issue of "cheap imports". "If you look at the numbers, the rise is very very minimal. Our market is growing tremendously and our domestic producers are supplying well," the minister told PTI in reply to [...]
The shares of Ramco Systems rallied 7.54% on Thursday’s early trades to reach an intraday high of ₹ 224.60 apiece. They were trading at ₹ 218.05 apiece at 02:45 PM on the National Stock Exchange (NSE). In an exchange filing, the company informed the bourses that it has signed a digital transformation deal to automate [...]
India's fuel demand witnessed the sharpest rebound in February as petrol and diesel consumption rose by double digits after a winter lull in the previous month, preliminary industry data showed on Thursday. Petrol sales jumped almost 18 per cent to 1.22 million tonnes in the first half of February, as compared to 1.04 million tonnes [...]
The Advertising Standards Council of India (ASCI) on Thursday said it has processed 2,767 complaints since coming up with influencer guidelines in May 2021. More than half of the violations have been found on Meta-owned Instagram platform, while Alphabet's Youtube contributed a third of them, the self-regulatory organisation for the advertising industry said. The body [...]
After a year of load-shedding, Sri Lankans will get continuous power from Thursday, albeit with a hike in tariff in line with the conditions set by the IMF. The Sri Lankan government's move comes as the debt-hit country aims to secure a much-needed USD 2.9 billion tranche from the Washington-based global lender. President Ranil Wickremesinghe [...]
The shares of Oil India and Oil & Natural Gas Corporation (ONGC) appreciated to the tune of 5.97% and 4.17% respectively on Thursday’s intraday trade after the government slashed the windfall profit tax on domestically produced crude oil. The Centre levies windfall tax on the profits made by oil producers, on the price they get [...]
Hindustan Aeronautics Limited, an aerospace and defense manufacturer, remained in focus on Thursday. The scrip was trading 4 percent higher at Rs 2,606 levels till the afternoon after the company signed multiple deals. The most recent contract was signed with Argentinian Air Force for the supply of spares and engine repair of legacy two-tonne class [...]
Agreements have been signed with 26 companies for 54 applications under the production linked incentive (PLI) for specialty steel, Union Steel Minister Jyotiraditya M Scindia said on Thursday. The minister made the remarks at the Global Zinc Summit 2023 in the national capital where he also urged the stakeholders to explore investment opportunities in India. [...]
