Risk of data breaches, cyber frauds up due to digitisation: RBI report
The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by 2028, up from $8.15 trillion in 2023.
The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by 2028, up from $8.15 trillion in 2023.
Adani Cement-owned ACC Ltd’s net profit fell by more than a fifth in the June quarter as weak pricing overshadowed the company’s robust volume growth and reduction in some costs.
On expected lines, Vice-President Kamala Harris who is also the presumptive presidential nominee of the Democratic party has seen her popularity levels increasing. The woes of the Democratic party may have just ended with the ascent of Harris.
Why is Birla entering a sector where a big player like Tata is well-entrenched and growing besides several other national-level brands while an Ambani brand too strives to make its place?
If digitalisation were to lead to a decline in resistance to price change by 10%, say, due to the rising online presence of retail stores and dynamic pricing algorithm, inflation fall could be higher at 35 bps without impacting the output in the economy. If the price elasticity of demand falls, inflation could drop by 30 bps (5 bps more than its baseline level), the study explains.
AICC president Mallikarjun Kharge, Opposition leader in the Lok Sabha Rahul Gandhi and other senior leaders are expected to discuss a few important issues including changing the portfolios of a few ministers and sprucing up the Karnataka Pradesh Congress Committee (KPCC) that Shivakumar heads. The visit has also triggered speculations of a Cabinet reshuffle, but sources say it is unlikely for the time being.
Tesla CEO Elon Musk has once again hit the headlines for the wrong reason. He has been in a custody battle with his estranged wife Grimes for their three children. Now Grimes' mother Sandy Garossino has accused Musk of withholding their children and not allowing them to meet their great-grandmother. Musk's estranged daughter Vivian Jenna Wilson has slammed him.
Skipper Harmanpreet Singh saved India with a last-minute penalty corner goal against Argentina, securing a 1-1 draw in a Pool B hockey match at the Paris Olympics. Despite struggling with finishing, Harmanpreet's goal countered Argentina's lead by Lucas Martinez. India's missed opportunities were balanced by Argentina's inability to convert chances. The match showcased India's need for improved finishing skills and lessons learned from Argentina's defensive strategies.
Capital markets regulator Sebi on Monday proposed changes to the definition of connected person and relative under the scope of insider trading rules. Additionally, the regulator has suggested removing the "Note" from the definition of "immediate relative".
Hewlett Packard Enterprise (HPE) transformed business operations through advanced AI solutions. Their approach involved AI-specific infrastructure, collaboration with NVIDIA, and HPE GreenLake integration. This allowed businesses to enhance productivity, streamline operations, and improve data management across various sectors, such as retail, finance, and healthcare, providing a strong foundation for AI application and development.
Karnataka Chief Minister Siddaramaiah urged Tamil Nadu to negotiate for a balancing reservoir at Mekedatu on the inter-state border as good rainfall has led to excess water flow into the Bay of Bengal. This potentially wastes valuable resources. With 83 tmc ft already flowed this year, concerns about water management persist. This has prompted the need for a proposed 67 tmc ft reservoir that could benefit both states and address long-term water needs.
Eight scheduled passenger airlines encountered 427 technical faults in their planes between January 2024 and July 19, 2024, as per official data. During this period, 268 flights were canceled due to these issues. The data, provided by Minister of State for Civil Aviation Murlidhar Mohol, showed Air India, IndiGo, and Alliance Air having the highest number of incidents and cancellations.
E-scooter maker Ola Electric’s long-awaited IPO, one of the country’s biggest this year, is set to hit the markets on Friday.
The average ticket size of personal loans disbursed by fintechs has consistently decreased over the past two years with the rise of young borrowers, according to a Reserve Bank of India (RBI) report. In the first half of fiscal 2024, the average loan size dropped to Rs 9,861 from Rs 10,955 in fiscal 2022. The report noted that 59% of the total loans were disbursed to users below thirty, despite higher delinquency rates among younger age groups.
UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday.
In a recent ETMarkets Live Stream, seasoned crypto trader Saketh shared invaluable insights into the fundamentals of trading bullish spreads. The session was geared towards helping both novice and experienced traders navigate the complexities of the crypto market with ease and confidence.
Restaurant Brands Asia, which operates Burger King and Popeyes chains in India and Indonesia, reported a narrower first-quarter loss on Monday as offers and discounts brought more customers to its outlets.
The Southern Delta Aquariids and the Perseid meteor shower are set to provide a spectacular celestial display simultaneously.
The Reserve Bank of India (RBI) highlighted in its annual report on Currency and Finance that digitalisation will accelerate the internationalisation of the rupee. This will lower transaction costs for cross-border trade and investments, and reduce exchange rate risk.
The Court of Special Judge in Guwahati handed down verdicts in the APSC cash-for-job scam. It sentenced former chairman Rakesh Paul to 14 years in prison and a Rs. 2 lakh fine, with former members Basanta Kumar Doley and Samedur Rahman receiving 10-year jail terms. Additionally, 29 candidates involved in the scandal were given 4-year prison sentences and fined Rs. 10,000 each.
Wall Street's major indexes opened strong on Monday as investors prepared for the Federal Reserve's interest rate decision, upcoming Big Tech earnings, and important labor data following a recent equity sell-off.
The CBIC directed customs officials to meticulously assess cases before attaching bank accounts for customs violations. Attaching accounts should be well-documented and not routine. Investigations and adjudications must be expedited to ensure quick recovery of owed taxes and penalties. This measure protects revenue interests and requires careful consideration of each case’s specifics.