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RBI Bars Kotak Mahindra Bank From Issuing New Credit Cards, Digital Onboarding Of Customers
New Delhi: The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank Limited to stop the onboarding of new customers through its online and mobile banking channels, as well as the issuance of fresh credit cards.
This action comes…
Ramdev’s Bigger Apology In Newspapers after Supreme Court Rap
New Delhi: Ramdev and his associate Balkrishna put out a bigger public apology advertisement in newspapers on Wednesday for not complying with the Supreme Court's directions in the misleading ads case against Patanjali Ayurved Limited.…
Public Sector Banks Can’t Issue Look Out Circulars Against Defaulters: Bombay HC
Mumbai: In a significant ruling today, the Bombay High Court declared that public sector banks lack the legal authority to issue Look Out Circulars (LOCs) against defaulting borrowers.
This decision invalidates all existing LOCs issued…
Zomato Hikes Platform Fee to ₹5 Per Order
New Delhi: Zomato has announced a 25% increase in its platform fee, raising it to Rs 5 per order from Rs 4 in select markets. The company attributes this adjustment to strategic business decisions.
Alongside this change, Zomato has…
Now People Above 65-Yrs Can Buy Health Insurance
New Delhi: As per the new directive of the Insurance Regulatory and Development Authority (IRDAI), one can buy health insurance even if they are older than 65.
To make the coverage more accessible, the IRDAI has removed the 65-year age…
Zomato Gets Notice for Rs 11.81 Cr GST Demand and Penalty
New Delhi: Online food delivery platform Zomato was served a goods and services tax (GST) demand and penalty order worth Rs 11.81 crore.
The order included Rs 5.9 crore in GST demand and a penalty of Rs 5.9 crore for the July 2017-March…
Google Sacks 28 Employees for Opposing Deal With Israel
Google sacked its 28 employees, who were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services.
The protests, which were led by the No…
Gold Price Jumps to Cross Rs 74,000 per 10g in Bhubaneswar
Bhubaneswar: The escalated geopolitical tension because of the faceoff between Iran and Israel has led to an increase in gold price throughout India. While in Kolkata 10g of 24k gold was Rs 75,580, in Bhubaneswar it crossed Rs 74,000 mark…
Anant Ambani Donates Rs 2.51 Cr to Puri Jagannath Temple
Bhubaneswar: According to reports, business tycoon Mukesh Ambani’s younger son Anant Ambani donated Rs 2.51 crore to Sri Jagannath temple in Puri during his visit to the temple on Tuesday night.
According to sources, Anant Ambani reached…
IMF Ups India’s 2024 Growth Forecast to 6.8%, Maintains Lead Over China
New Delhi: The International Monetary Fund (IMF) upgraded India's economic growth projection for 2024 to 6.8%, citing robust domestic demand and a growing working-age population. This keeps India as the world's fastest-growing major…