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Over 200 cooperative and regional rural banks faced outages due to a ransomware attack on their core banking provider, C-Edge Technologies. NPCI temporarily isolated C-Edge from its payment system to mitigate the impact. Restoration efforts are ongoing, with security reviews and forensic audits being conducted to ensure a swift resolution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oKtTyxR

Infosys faced scrutiny from the Directorate General of GST Intelligence (DGGI) for allegedly evading Rs 32,400 crore in GST on services imported from its overseas branches between July 2017 and March 2022. DGGI argued that these expenses should attract Integrated GST under the reverse charge mechanism. Infosys contested the allegations citing compliance with current regulations and recent guidelines. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/J1LdIyc

The Federal Reserve indicated progress towards its 2% inflation target and hinted at a potential rate cut. Despite the rise in unemployment and moderated job gains, the benchmark interest rate was kept unchanged. This decision came amid pressure from various quarters, including political figures. Financial markets had anticipated a rate cut announcement next month. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4dIew7y

On Tuesday, Sebi proposed measures to curb speculative trading in index derivatives, including increasing the minimum contract value to Rs 30 lakh. The regulator's consultation paper suggested several changes aimed at reducing excessive F&O trading, such as limiting weekly contract expirations and requiring brokers to collect options premiums upfront. This move follows warnings about excessive speculation impacting the economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g3rNMvl

India's recent budget decision to increase customs duty on laboratory chemicals from 10% to 150% has impacted research centres and labs, significantly straining their financial resources. Academic institutes have seen a surge in costs, prompting calls for exemption from the new tax to avoid jeopardizing the country's research environment. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I2Kwuxa

Maserati expanded its presence in India by launching the Grecale SUV, priced between Rs 1.3 crore and Rs 2 crore. The company planned to open new outlets in Delhi and Bangalore. Maserati expressed optimism about the India-EU FTA talks, which could lower import duties and enhance market access for Italian and Indian cars. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oOnRCaK

The digital era significantly altered the financial sector job landscape. Automation and AI-fueled digital channels have displaced mid-tier jobs, creating HR challenges. RBI highlighted the need for reskilling staff as AI skills gain importance. Despite increased digitalisation aiding affordable banking, there's concern over rising data breach costs and high turnover in private banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VY4BZyn

Private banks in Mumbai faced new liquidity coverage norms from RBI, requiring stable funds like fixed deposits and increased investment in govt securities. The norms pressured interest margins and saw a significant drop in liquidity coverage ratios (LCR) for both private and public sector banks, impacting digital banking accounts and collateral valuation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SVxitW8

The government monitored top 20 insolvency cases under Insolvency & Bankruptcy Code (IBC) due to slow action taken by banks. Following the intervention, movements in Jaiprakash Associates and Amtek Auto were observed. Bankers were found discussing loan settlements despite ongoing IBC issues. Finance Minister Nirmala Sitharaman reviewed multiple cases to expedite the process and improve debt recovery mechanisms. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/l27BFoI

IBPS concluded the application process for Clerical Cadre positions on July 28, following an extension from the initial deadline of July 21. The recruitment drive announced 6,128 vacancies. Applicants aged between 20 and 28 years had to undergo a Preliminary exam, Mains exam, and a language proficiency test. Applications were accepted on the official IBPS website. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/79dGgyI

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The National Testing Agency revised the NEET UG 2024 results on July 26th, following a Supreme Court directive. The updated results corrected a mistake in a Physics question. Revised scorecards and fresh merit lists were issued, along with new cut-offs for all categories. Notably, the cut-off for the unreserved category dropped by two points. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/EuaFYDB

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The effect of 2024's Lok Sabha election results was writ large on the first Budget of Modi 3.0, with employment creation given pride of place and keeping allies happy too very much in focus. The fact that the Budget comes at a time when the govt’s finances are relatively comfortable meant that finance minister Nirmala Sitharaman could afford to address these concerns with targeted schemes while keeping the fiscal deficit under a tight leash relative to recent years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8zxVth7

Sweeping changes in direct taxes gave the urban middle class plenty of reason to cheer, but also hit the wallets of others. The clear plus is in the form of an increase in standard deduction under the new regime for salaried employees from Rs 50,000 to Rs 75,000, which saves Rs 7,500 a year for those with annual incomes of Rs 10 lakh or more. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tCfDhqk

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Sitharaman's Budget balances spending, tax cuts, and fiscal path. Rs 2 lakh crore dividend aids solar scheme; funds needed for PM Modi's housing subsidy, Aayushman Bharat expansion. Modi 3.0 seeks job creation, private sector investment. BJP allies demand focus on women, farmers. Addresses leaks. 2047 target set, sector hand-holding stressed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YImVxL9

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Revised NEET-UG results reveal no candidate scored above 682 at a Haryana center. Allegations of mark inflation led to Supreme Court-ordered retest. NTA declares city-wise results with only 13 candidates scoring over 600 marks. Controversy surrounds grace marks and irregularities in exam conduct. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/d9VWP75

Indian airport systems were restored post a 17-hour MS Windows outage. With 273 cancellations, flights dropped from 3,000 to 2,700. According to aviation ministry data, around 3,000 domestic flights operated Thursday, but this number fell to 2,700 Friday - a decrease of over 300 flights, with IndiGo alone cancelling 273 flights (about 14% of its daily operations). The on-time performance of domestic flights was affected Friday due to slower manual processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/myw2fbc

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Sun Pharmaceutical Industries Ltd, the sixth-largest generic pharmaceutical manufacturer in the world, had questioned NPPA's demand notice of 2005 for payment of Rs 4.6 crore "to recover the higher price charged in relation to Roscilox, a brand of a Cloxacillin-based drug formulation, than that fixed by the govt under Drugs (Price Control) Order (DPCO)". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OuCTHBS

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Download your OSSC CHSL admit card now at ossc.gov.in. For 673 vacancies, the exam is scheduled for July 21, 2024. Remember to carry your admit card and valid ID. The selection process includes Prelims, Mains, and Certificate Verification. The Prelims cover Arithmetic, Data Interpretation, etc., including General Mental Ability and Computer Awareness. Find full download instructions and avoid negative marking. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Qi6sa25

NTA released JIPMAT 2024 results for the June 6 exam. 12,207 candidates participated and can access scorecards online. The CBT exam, featuring 100 questions, is vital for IIM Bodh Gaya and IIM Jammu admissions. Held at 101 centers in 73 cities, candidates could raise objections for Rs 200 per question regarding the final key. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/zMk2yDF

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