In November, the RBI sold $20 billion from its forex reserves to stabilize the rupee. Nomura observes that the central bank has sold $89.4 billion […]
Author: staff
Hindenburg allegedly colluded with hedge fund: Report
Nate Anderson and his firm Hindenburg are under scrutiny for alleged connections with hedge funds while preparing reports targeting companies. Documents filed in an Ontario […]
Tech hiring slump: Top 5 IT companies see headcount drop by 2,600 in Dec quarter
India’s IT sector has shifted towards automation, leading to a collective net headcount reduction of 2,587 in the December quarter. Major firms like TCS, Wipro, […]
Mule a/c check: Agencies eye ‘cooling off’ for fund transfers
Government and RBI are considering a ‘cooling off facility’ to block funds received in bank accounts to combat online frauds. This measure targets mule accounts […]
Personal loans under Rs 10,000 record higher default rate
Small-ticket personal loans under Rs 10,000 saw higher delinquency rates, especially for loans taken between Dec 2023 and June 2024. NBFCs, focusing on borrowers outside […]
Telecom department boosts efforts to block fraud from international nubmers
The telecom department (DoT) and companies in India used the ‘International Incoming Spoofed Calls Prevention System’ to block 70% of spoofed calls, reducing them from […]
Bigg Boss 18: Karan Veer Mehra lifts the trophy; takes home Rs 50 lakh
Karan Veer Mehra triumphed as the winner of Bigg Boss 18, securing the trophy and Rs 50 lakhs. His journey, filled with personal challenges and […]
Out on bail, stalker kills 15-year-old girl in Faridabad
A 15-year-old girl in Faridabad was killed by a 19-year-old stalker who had previously kidnapped her. The incident took place at her neighbour’s house. The […]
Isro preps for more docking trials with same SpaDeX satellites
Isro is working on enhancing the precision of its automated satellite docking. After a successful initial docking on January 16, the agency plans additional docking […]
Government to move new income tax bill in Budget session
Finance minister Nirmala Sitharaman plans to introduce a bill for a new direct tax law during the budget session. The focus is on simplifying provisions […]