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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.

Business

Hong Kong Monetary Authority Slaps Indian Overseas Bank with Hefty Fine for AML Lapses

The Hong Kong Monetary Authority fines Indian Overseas Bank's Hong Kong branch HK$8.5 million for lapses in anti-money laundering controls, alongside penalties for other banks. The...

Business

Indian Rupee Continues Downward Trend: Drops to 86.38 Against Dollar Amid Trade Uncertainties

The Indian rupee declined for the fifth consecutive day to 86.38 against the US dollar, influenced by trade deal uncertainties and FII outflows. Experts highlight the role of globa...

Business

IndiQube Secures Whopping Rs 314 Crore from Anchor Investors, Setting Stage for a Blockbuster Rs 700 Crore IPO

IndiQube Spaces raises Rs 314.3 crore from anchor investors at Rs 237 per share, ahead of its Rs 700 crore IPO. Key investors include major mutual funds and financial institutions....