NEW DELHI: Central Consumer Protection Authority (CCPA) has directed ride-hailing platform Ola to offer a choice to customers to either opt for a refund directly in their bank accounts or a coupon that can be redeemed against booking another ride. It observed that only giving a coupon is “unfair trade practice“.The authority also instructed the […]
The Super Heavy booster lands on the company’s launch tower during the fifth Starship flight on Oct. 13, 2024. SpaceX SpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket’s more than 20-story tall booster. The achievement marks a major milestone toward SpaceX’s goal […]
Getty Images The cost of borrowing money to buy a home is “unlikely” to return to the low levels seen over the past decade, the boss of the UK’s largest mortgage lender has said. Charlie Nunn, chief executive of Lloyds bank, said the bank expected mortgage rates to come down, but not to the near-zero […]
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and […]
Consumers may choose refund via bank account or coupon in grievance redressal Process The Authority is headed by Chief Commissioner Nidhi Khare. In a landmark decision, the Central Consumer Protection Authority (CCPA) has directed Ola, a leading online ride-hailing platform, to implement a mechanism allowing consumers to choose their preferred method of refund—either directly to […]
Mumbai: Highlighting the $117 billion untapped export potential for India, more than 30 countries are set to participate in the fifth edition of ‘World Trade Expo’ in the financial capital from October 17-18. India has untapped export potential with the participating countries in sectors such as textiles, pharmaceuticals, chemicals, automobiles and components, machineries, etc. The […]
To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore. ‘MSME Sahaj – End to End Digital Invoice Financing‘, provides solutions ranging from applying for the loan, documentation and disbursement of […]
ICICI Bank Credit Card Rules: ICICI Bank has introduced significant changes to its credit card rules, impacting millions of cardholders. The updates include modifications to reward points, transaction fees, and benefits across various card categories. The new rules will come into effect from November 15, 2024. After the new rules, the bank has taken away […]
Getty Images Warnings of a “painful” Budget tend to mean hefty tax rises are looming. Chancellor Rachel Reeves claims she needs to find £22bn to mend a “black hole” in the public purse. At the same time, she is pledging to end austerity and spend money on things like hospitals and roads, which are crucial […]
New Delhi: At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week. Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) […]