Business

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Friday said his government will come up with its own fintech policy in the coming months. Addressing the Black Swan India Summit here, Majhi said, "Giving due importance to innovation in the state, our government implemented the IT...

Moscow: Russian and US negotiators discussed the expiration of the last remaining nuclear arms pact between the two countries and agreed on the need to quickly launch new arms control talks, the Kremlin said Friday. The New START treaty terminated Thursday, leaving no caps on...

Bhubaneswar: President Droupadi Murmu Friday expressed concern over rising cyber fraud cases across the country, and stressed the need to create awareness among people about digital tools. President Murmu also said that in order to enhance digital awareness among people, financial literacy should be made...

Mumbai: Amid growing digital fraud, the Reserve Bank Thursday said that banking customers will receive compensation of up to Rs 25,000 for a fraudulent transaction. A customer will be paid the compensation even in cases where the customer ends up sharing the one-time password (OTP)...

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Friday met three global business leaders and sought their support in empowering the state's youths and women through successful entrepreneurship models. The leaders who met the Chief Minister at Lok Seva Bhawan in Bhubaneswar were Singapore-based GFTN chairman...

Mumbai: Stock markets closed higher Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate...

Mumbai: The Reserve Bank of India Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector. REITs are investment vehicles that own or operate income-generating real estate, enabling...

Mumbai: The Reserve Bank Friday revised inflation projection for the current fiscal year to 2.1 per cent and for first and second quarters of the next financial year, mainly due increase in prices of precious metals. The central bank projected the consumer price index (CPI)-based...

Mumbai: As part of the move to develop a corporate bond market, the RBI plans to issue a regulatory framework soon to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds. RBI Governor Sanjay Malhotra said that an active...

Mumbai: RBI Governor Sanjay Malhotra announced Friday that the RBI is drawing up fresh rules on compensation for customers of banks in case of small-value fraudulent transactions. The extant instructions on limiting the liability of customers in unauthorised electronic banking transactions were issued in 2017,...