MUMBAI: More than 200 cooperative and regional rural banks are experiencing outages because of a ransomware attack. Following the attack, the National Payments Corporation of India disconnected their core banking provider C-Edge Technologies – a technology company promoted by SBI and TCS – from the payment system.In a statement issued here, NPCI said, “C-Edge Technologies,…
BENGALURU: India’s second-largest IT services company Infosys has received a goods and services tax demand of 324.03 billion rupees ($3.87 billion) from an Indian tax authority, a document viewed by Reuters showed. The tax demand relates to services availed by the IT services conglomerate from its overseas branches for five years starting 2017. Infosys did…
NEW DELHI: Equity benchmark indices, Sensex and Nifty rose marginally in early trade on Wednesday. Sensex climbed over 100 points to 81,589 from 81,455.40 while Nifty was at 24,900, up by 45 points. Maruti Suzuki, ICICI banks, Adani Ports, NTPC and Tata Steel were the major gainers while Axis Bank, Power Grid, Bajaj Finserv and…
NEW DELHI: Tata group‘s bid to acquire a majority stake in Chinese smartphone giant Vivo’s India business may have stalled after objections by Apple, sources told TOI.Sources said Vivo (FY23 revenue: Rs 30,000 crore) was looking to offload 51% stake in its Indian subsidiary to the Tata group as part of its efforts to ‘Indianise’…
NEW DELHI: Founder of Grump start-up Senain Sawant shared the horrors of hiring she recently faced after being called a “bi**h” by an applicant during an interview. Posting the screenshots of the chat, Sawant said, “The younger generation is in clear need of strong guidance, and as a young entrepreneur myself, I am appalled by…
August 2024 Bank Holidays: In August, banks across India, both public and private, will be closed for up to 13 days, including Sundays, national and regional holidays, and the second and fourth Saturdays of the month.Various festivals will be celebrated in different states during August, leading to bank closures. These include Ker Puja, Tendong Lho…
Budget 2024: Prime Minister Narendra Modi on Tuesday addressed a CII post-Budget 2024 conference, stating that in 10 years, his government has tripled India’s Budget. The last Budget presented by the Manmohan Singh government in 2014 was of Rs 16 lakh crore. Ten years later, the Union Budget 2024 presented by us a few days…
ITR Filing FY 2023-24 deadline extension: The Income Tax Department has advised taxpayers to file their income tax returns for the financial year 2023-24 before the July 31, 2024 deadline.According to an ET report, the Income Tax Department has issued an alert to the public regarding erroneous information published in media about the extension of…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened lacklustre in trade on Tuesday. While BSE Sensex was near 81,360, Nifty50 was above 24,800. At 9:18 AM, BSE Sensex was trading at 81,360.60, up 5 points or 0.0058%. Nifty50 was at 24,835.90, down 0.20 points or 0.00080%.This week, investors will be…
CHENNAI: India Cements vice chairman and managing director N Srinivasan has assured employees that the takeover by UltraTech Cement will not impact their career. He told them their future is in safe hands and that they need not feel threatened.“The change (from India Cements to UltraTech) does not mean a change in your career. I…
