MUMBAI: Bahrain’s high civil court rejected all seven legal proceedings filed against HDFC Bank by investors over Credit Suisse Additional Tier 1 (CS AT1) bonds, with the latest two cases dismissed on Sept 9, the bank said on Thursday. Five similar cases were rejected by the court between July and Aug.AT1 bonds are risky instruments…
NEW DELHI: From Jan, e-commerce entities will have to display both the “reduced price” and “prior price” whenever they announce a price cut, including during festive sale seasons. The “prior price” will be the lowest price at which the product was offered up to 30 days before the announcement of discount.The provision is part of…
New Delhi: Having secured nearly 2,000 convictions in food safety cases across the country, Food Safety and Standards Authority of India (FSSAI) is now stepping up enforcement, including holding e-commerce platforms responsible for products sold through them and proposing stricter action against high-fat, sugar and salt (HFSS) foods near schools, its CEO Rajit Punhani said…
Benchmark stock indices fell for the third straight session on Wednesday, with the Sensex plunging 813 points to a nearly three-month low and the Nifty slipping below 23,450 as escalating West Asia tensions pushed crude oil prices above $100 a barrel. The 30-share BSE Sensex tumbled 813.35 points, or 1.08%, to close at 74,764.23, its…
The Income Tax Assessing Officer (AO) issuing a notice under Section 148 on March 29, 2017. This is the case of a senior citizen woman who fought for nine years and won a case against the Income Tax Department’s tax demand. She had been issued a tax notice after it was found that she had…
The overall pre-placement offer conversion rates have increased by approximately 6% YoY. In a job market that sees frequent headlines of layoffs, the emerging hiring trends hold significance, particularly for entry-level placements. A new report by Deloitte India suggests that the journey from internship to a Pre-Placement Offer, or PPO is becoming increasingly important.For students…
The government’s amendments target price transparency, search rankings, sponsored listings, dark patterns, consumer complaints and data use on e-commerce platforms NEW DELHI: The government has amended the Consumer Protection (E-Commerce) Rules, 2020, notified under the Consumer Protection Act, 2019, to tighten norms governing how online marketplaces display prices, search results and sponsored content, while imposing…
RBI Governor Sanjay Malhotra said fintech’s biggest promise lies in how widely its benefits can be felt across society NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Thursday said India has an opportunity to become a trusted partner in shaping the future architecture of global finance, while highlighting the country’s expanding fintech ecosystem…
FATF vice-president Vivek Aggarwal asked the fintech industry to step up their investments to counter emerging threats from AI, scam compounds and other technologies and said these challenges are a major risk to India’s growth story MUMBAI: Vivek Aggarwal, the first Indian bureaucrat elected to the Financial Action Task Force (FATF), said risks from virtual…
China on Thursday described its economic and trade cooperation with India as “mutually beneficial and win-win in nature” and urged New Delhi to provide a fair, transparent and non-discriminatory business environment for Chinese companies operating in the country.Chinese foreign ministry spokesperson Guo Jiakun made the remarks at a press briefing when asked about reports that…
