Top headlines
October 14, 2024
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ServiceNow to invest $1.5 billion in the UK to localize AI data processing

Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC American enterprise software giant ServiceNow announced Monday it plans to invest $1.5 billion in the U.K. over the next five years, in a vote of […]

Business
October 13, 2024
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Offer refund choice to users: Consumer panel to cab company

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 […]

Top headlines
October 13, 2024
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U.S. officials say Israel has narrowed down its targets for strike on Iran

Keithbinns | E+ | Getty Images U.S. officials believe Israel has narrowed down what they will target in their response to Iran’s attack, which these officials describe as Iranian military and energy infrastructure. There is no indication that Israel will target nuclear facilities or carry out assassinations, but U.S. officials stressed that the Israelis have not made a […]

Business
October 13, 2024
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SBI plans to enhance threshold limit under instant loan scheme for MSME sector

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 […]

Top headlines
October 12, 2024
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Chinese finance minister hints at increasing the deficit at highly anticipated briefing

Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg […]

Top headlines
October 11, 2024
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Rupee breaches 84 as oil prices, foreign outflows put strain

MUMBAI: The rupee breached the 84/dollar mark for the first time Friday, settling at 84.06, down 12 paise from Thursday’s close of 83.94. Opening at 83.98, the currency touched an intraday record low of 84.07.The breach of the 84 level is significant as RBI had defended this threshold for over two months. Friday’s intervention marked […]