Binance sets aside $6.34 billion to cover crypto hack losses After facing a major crypto theft, Binance has assured users that they won’t lose money over the breach.The exchange is covering the $6.3 billion loss from its own funds, setting aside more than $6.34 billion to make up for the stolen assets. It has already…
NEW DELHI: The Securities and Exchange Board of India (SEBI) is monitoring governance-related developments at Tata Sons, the holding company of the Tata Group, chairman Tuhin Kanta Pandey said on Saturday. He added that the group’s listed companies and their promoters must follow Sebi’s disclosure and compliance rules, even though Tata Sons itself is not…
Is onling shopping increasing your bills? NEW DELHI: Do you feel your bills have gone up since you started using e-commerce apps? Don’t worry, you are not alone!A few taps on your phone could mean a bigger shopping bill. Indian households that use online shopping and payment platforms spend 7.5 per cent more every month…
Centre scraps petrol export levy, raises diesel duty to Rs 11.5 per litre NEW DELHI: The Centre has scrapped the Rs 2.5 per litre special additional excise duty (SAED) on petrol exports while raising the levy on high-speed diesel from Rs 8.5 to Rs 11.5 per litre and on aviation turbine fuel (ATF) from Rs…
Caller ID mandatory from November 1 Unknown callers bothering you? That is set to change from tomorrow!Telecom operators are set to begin rolling out Calling Name Presentation (CNAP), a facility that will display the caller’s name on the recipient’s phone screen. The service will not require users to register separately and will change how incoming…
US midterms may raise shutdown, keep tariff uncertainty high The US is preparing for its November 3 midterm elections, but the results will be closely watched in India too, particularly for their possible impact on trade ties and business conditions.The outcome could bring fresh uncertainty around US trade policies, with tariffs, government spending and the…
Reliance Industries reports 34% jump in Q2 profit to Rs 29,550 crore, beating estimates, on strong O2C and Jio performance; revenue rises 29% MUMBAI: Reliance Industries, India’s most valuable company by market capitalisation, reported a 34% rise in second-quarter profit for FY27 to Rs 29,550 crore on Friday, beating analysts’ average estimate of Rs 21,419…
Centre sets up Suresh N Patel-led panel to recommend comprehensive banking reforms within six months NEW DELHI: Govt Friday set up a high-level committee under former central vigilance commissioner Suresh N. Patel to undertake comprehensive banking reforms, delivering on an announcement made by finance minister Nirmala Sitharaman in Union budget 2026-27.The five-member panel, which includes…
Trai proposes AI rules for telecom firms, including board-approved policies, safety committees and mandatory reporting of serious AI-related incidents NEW DELHI: Trai on Friday proposed a comprehensive draft framework for the responsible use of artificial intelligence in telecom networks that would require service providers to adopt board-approved AI policies, establish dedicated governance and safety committees,…
LNG imports hit a record 2.7 million tonnes in October, rising 17.4% on higher demand and a rebound in supplies from Qatar. NEW DELHI: India’s LNG imports rose 17.4% to a record 2.7 million tonnes so far in Oct on the back of higher demand from the power, fertiliser and city gas distribution sectors. Besides,…
