Private banks grapple with rising IT expenses amid surge in transactions – Times of India

NEW DELHI: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the one-time capital expenses incurred when they migrated to core banking, IT is now becoming a recurring cost accounting for up to 10% of operating expenses.Bankers have responded to queries about their level of…

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Beyond Rs 76k-crore: Government to scale up semiconductor package – Times of India

NEW DELHI: Government is looking at rolling out a fresh multi-billion-dollar incentive package for semiconductor companies after nearly exhausting the Rs 76,000-crore plan that was launched in Dec 2021 for supporting investing companies, top sources told TOI.Preliminary work on the new package, which is “in all likelihood be much bigger than the previous one”, has…

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Mayawati’s nephew booked for poll code breach for ‘terrorist’ barb | India News – Times of India

LUCKNOW: Uttar Pradesh Police Sunday booked BSP chief Mayawati’s nephew Akash Anand on hate-speech charges after he allegedly branded the Bharatiya Janata Party-led Centre “a govt of terrorists” at a rally in Sitapur. Anand (28) was addressing the rally for BSP Sitapur Lok Sabha candidate Mahendra Yadav. The two are among 35 other unidentified people…

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Arvinder Singh Lovely quits as Delhi Congress chief, criticises AAP pact, poll picks | India News – Times of India

NEW DELHI: With less than a month to go for voting in the capital, Delhi Congress chief Arvinder Singh Lovely quit his post Sunday, citing the party’s alliance with AAP in the city, the high command’s choices of Lok Sabha candidates, and not getting freedom to elect party functionaries according to his preferences.Claiming he wasn’t…

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