NPCI blames Cosmos Bank’s ‘own IT environment’ for Malware attacks

In the first cyber hit, the bank lost Rs 80.50 crore through multiple ATM swipes in 28 countries. In the second malware assault, the hackers gobbled up Rs 13.92 crore by initiating... Read more »

Mobile handset makers may raise prices as rupee hits 70

Device companies importing components are likely to hike prices in September. Read more »

Falling rupee may force telcos to put 4G expansion plans on hold, say experts

Telcos may put their immediate 4G network expansion plans on hold as a falling rupee could significantly inflate the annual network gear import bill for the firms. Read more »

New norms notified for ATM cash loading

It also directed personnel deputed on these vans to undergo training in handling situations like an armed assault, tailing by vehicle-borne criminals and insider threat. Read more »

NHB MD Sriram Kalyanaraman quits over charges of favouring housing finance companies

There are allegations that unethical practices were adopted by the housing regulator for sanctioning refinance facility to various housing finance companies. Read more »

Government may fix landing, parking charges for aircraft at new airports

AERA will not decide the rates at new airports being bid out and it will become a regulator that will assess services at major airports. Read more »

Reliance Brands buys additional 12.56% stake in Genesis Colors for Rs 53 cr

The move would help Reliance Brands, a Reliance Industries Ltd (RIL) subsidiary, add to the existing portfolio of branded fashion retail outlets. Read more »

Government extends caps price of knee implants for one more year

Providing relief to patients going for knee implants, the National Pharmaceutical Pricing Authority (NPPA) has extended the ceiling prices till August 2019. Read more »

Tariffs fall at NTPC’s solar auction

The winning tariffs were all in the range of Rs 2.59-2.60 per unit, which is lower than the tariffs reached at NTPC’s last such auction... Read more »

Allahabad Bank says Usha Ananthasubramanian ceases to be MD & CEO

Accordingly, Usha Ananthasubramanian has ceased to be the MD&CEO of the bank with effect from the date of aforesaid government notification, it said. Read more »