New Delhi: Bank of America has named Infosys McCamish Systems as a source of a data breach that it said affected 57,028 customers, as per documents submitted to the Maine Attorney General in the US. Infosys McCamish Systems (IMS) is an Infosys' step-down subsidiary. The...
Mumbai: RBI Governor Shaktikanta Das Wednesday asked banks to remain vigilant against build-up of risks in the banking system as there is no scope for any complacency. The Governor held meetings with MD and CEOs of public sector banks and select private sector banks as...
New Delhi: Shares of Paytm's parent company One97 Communications tanked 10 per cent Wednesday after reports claimed that a preliminary inquiry has been started against subsidiary Paytm Payments Bank Ltd for alleged FEMA violations. Falling for the second straight day, Paytm shares dived 10 per...
New Delhi: The Ministry of Defence Wednesday signed a Rs 1,752.13-crore contract with a Kanpur-based firm for manufacturing and supply of 463 indigenously built 12.7 mm stabilised remote control guns for the Indian Navy and the Indian Coast Guard, officials said. This acquisition will provide...
Mumbai: Auto major Mahindra & Mahindra (M&M) reported a 60 per cent increase in standalone net profit to Rs 2,454 crore for the October-December quarter of the current financial year. The company had posted a net profit of Rs 1,528.06 crore in the same quarter...
Mumbai: Equity benchmark indices Sensex and Nifty bounced back from early lows to close higher Wednesday, helped by fag-end buying in energy, metal and utility stocks amid a mixed trend in global equities. Rising for the second straight session, the 30-share BSE Sensex climbed 267.64...
New Delhi: Domestic passenger vehicle wholesales rose 14 per cent year-on-year to 3,93,074 units last month, the best-ever figure for January, amid robust demand for utility vehicles, industry body SIAM said Wednesday. As per the latest data issued by the Society of Indian Automobile Manufacturers...
New Delhi: The wholesale price index (WPI)-based inflation eased in January to 0.27 per cent, mainly due to moderation in prices of food items. WPI inflation was at 0.73 per cent in December 2023. The WPI inflation was in the negative zone from April to...
New York: Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates. The Fed halted the rate hike after a 52-week long fight to rein in...
San Francisco: Amazon founder Jeff Bezos has sold 24 million shares of the company in recent days worth more than $4 billion. The first sale of 12 million shares was announced in a regulatory filing February 9, followed by another 12 million share sale on...
It’s now over two and half years since Russia invaded Ukraine and the war between the two countries is now...
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Voters in Japan have spoken and delivered the loud and clear message to the ruling coalition that they cannot be...
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One of the key indicators of the health of an economy is the size of its middle class. A burgeoning...
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Let us discuss what is called merit. The British middle class is 60 per cent of the population. The working...
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