Business News

Business

RBI Warns: Cyber Threats and Lack of Empathy Fueling Customer Complaints in Digital Banking Era

RBI deputy governor Swaminathan J addresses the challenges of digital banking, including cyber threats and the importance of empathy in customer service, urging vigilance and fores...

Business

Government Aims to Secure Pharma Supply Chains with Minimum Import Price on Key Ingredients

The government plans to introduce a minimum import price on key pharmaceutical raw materials to protect the domestic industry from cheap Chinese imports and secure supply chains. T...

Business

SBI Report Warns: Aggressive GST Enforcement on UPI Payments Could Drive Small Businesses Back to Cash

An SBI report cautions that aggressive GST enforcement based on UPI transactions could push small businesses back to cash, undermining formalization efforts. It calls for a balance...

Business

Indian Overseas Bank Faces Hefty Fine in Hong Kong Over AML Compliance Failures

The Hong Kong Monetary Authority fined Indian Overseas Bank's Hong Kong branch HK$8.5 million for AML and CTF compliance failures. The bank is addressing procedural lapses to preve...

Business

Paytm Achieves First Quarterly Profit in Core Business, Marking a Turnaround in Q1

Paytm has achieved its first quarterly profit from its core business in Q1, reporting a net profit of Rs 123 crore, a significant recovery from previous losses. This turnaround is ...

Business

Breaking the AI Talent Barrier: How Skilled Freshers Are Earning Up to Four Times More

Technology companies face a significant AI talent shortage, with only 15-20% of the workforce trained in AI. This has led to higher salaries for skilled freshers and a shift in hir...

Business

India and UK on the Brink of Signing Historic Free Trade Agreement Amid Global Tensions

India and the UK are finalizing a landmark Free Trade Agreement (FTA) as Prime Minister Narendra Modi visits London. Discussions will also cover global tensions, bilateral cooperat...

Business

Block Inc. Revolutionizes Payments: Square Now Supports Native Bitcoin Transactions via Lightning Network

Block Inc., founded by Jack Dorsey, launches native bitcoin payments on Square, enabling merchants to accept bitcoin directly via the Lightning Network without fiat conversion.