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24% consumers in India experience online fraud: Report 24% consumers in India experience online fraud: Report


New Delhi, Nearly one in four Indians have directly experienced fraud while transacting online, a new report from global information services company Experian said on Monday.

As brands and consumers are looking for easier ways to buy and sell products online via mobile devices, the opportunity for online fraud is escalating simultaneously, suggests the report titled "Digital Consumer Insights 2018".

Cabinet may consider leasing out Pragati Maidan land for 5-star hotel Cabinet may consider leasing out Pragati Maidan land for 5-star hotel



New Delhi, At its meeting on Wednesday, the Union Cabinet is likely to consider among other things a proposal to lease out 3.7 acres of land at Pragati Maidan to private players for building a five star hotel, informed sources said.

The proposal, mooted by the Commerce Ministry, is part of the holistic plan to redevelop Paragati Maidan into a world class amenity for holding exhibitions and conventions.

Equity indices cede major gains to end flat Equity indices cede major gains to end flat



Mumbai, Broadly negative global markets ahead of US Federal Reserve's rate setting meet led the key domestic equity indices to provisionally close on a flat-to-positive note on Wednesday.

According to market analysts, domestic indices had risen during the afternoon trade session on the back of higher April industrial production but soon ceded their gains.

Apple bans cryptocurrency mining on iPhones, iPads Apple bans cryptocurrency mining on iPhones, iPads


San Francisco, After Facebook and Google, Apple has now targeted cryptocurrency, banning its mining on iPhones and iPads.

According to a report in The Verge on Tuesday, the iPhone maker Apple has introduced a new section on cryptocurrency in its guidelines on App Store that apply to iOS, macOS, watchOS, and tvOS app.

US dollar rises amid G7 summit US dollar rises amid G7 summit

 

Washington, The US dollar climbed on Friday after a four-day losing streak as investors became cautious amid what is expected to be a contentious Group of Seven (G7) summit.

Investors concerned over the tensions between the United States and its key trading partners. The G7 summit is set to be held in Canada from Friday to Saturday, during which trade is expected to top the agenda, Xinhua reported.

Reliance Big TV ropes in 50K post offices for set-top box booking Reliance Big TV ropes in 50K post offices for set-top box booking


New Delhi, In line with its vision of offering zero-cost entertainment to around 130 crore Indians, Reliance Big TV has so far partnered with 50,000 post offices in the country to facilitate booking of "free" high-definition, high-efficiency video coding (HD HEVC) set-top boxes by making an initial payment of Rs 500.

Bookings at post offices will commence from June 20 and those across Rajasthan, Punjab, Uttarakhand, Andhra Pradesh, Karnataka, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Sikkim can avail the facility, the direct to home (DTH) television operator said in a statement on Thursday.

RBI's 'neutral' stance boosts equity indices RBI's 'neutral' stance boosts equity indices

 

Mumbai, The key indices of the Indian equity market made healthy gains on Wednesday as investors' risk taking appetite was enhanced after the Reserve Bank of India maintained its "neutral" stance on future rate hike trajectory.

On Wednesday, RBI raised its key interest rate for the first time by 25 basis points to 6.25 per cent since January 2015.

US dollar declines as euro rebounds US dollar declines as euro rebounds



New York, The US dollar declined as the easing of political tensions in Europe supported the euro.

In late New York trading on Monday, the euro increased to $1.1697 from $1.1663 in the previous session, and the British pound was down to $1.3315 from $1.3345 in the previous session, Xinhua news agency reported.

The Australian dollar rose to $0.7653 from $0.7570.

Jaipur jewellers face crippling cash crunch, courtesy Nirav Modi and demonetisation Jaipur jewellers face crippling cash crunch, courtesy Nirav Modi and demonetisation

 

Jaipur, The ghost of Nirav Modi scam is stalking the jewellery markets in Jaipur, even as traders were trying to bury the memory of bad days triggered by demonetisation. Added to their woes are the compliance requirements under the goods and services tax.

Traders in the once busy streets of gems and jewellery market in the city are trying to cope with the sense of emptiness brought about by the severe financial crunch, as customers are not easy to find.

Global cues, profit booking push equity indices lower Global cues, profit booking push equity indices lower


Mumbai, Weak global cues and profit booking by investors depressed the key equity indices on Tuesday.

Investors booked profits after the indices closed on a positive note on Monday for the third consecutive session.

According to market analysts, heavy selling pressure was witnessed on banking, consumer durables and healthcare indices.

ED attaches Rotomac properties worth Rs 177 cr ED attaches Rotomac properties worth Rs 177 cr


New Delhi, The Enforcement Directorate (ED) on Tuesday said it has attached Vikram Kothari owned Kanpur-based Rotomac Global's properties worth Rs 177 crore in connection with a money laundering case involving an alleged bank fraud amounting to Rs 3,695 crore.

Gadkari advocates bringing fuel under GST Gadkari advocates bringing fuel under GST



New Delhi, With petrol and diesel rates skyrocketing on a daily basis, Road Transport and Highways Minister Nitin Gadkari on Friday advocated bringing fuel under the GST to curb the price hike

Bombay HC extends stay on SGX's launch of new contracts Bombay HC extends stay on SGX's launch of new contracts

 

Mumbai, The Bombay High Court has extended the period of injunction it had granted on May 21 against the launch of new India-based derivative contracts by Singapore Exchange Limited (SGX).

The extension comes after NSE's Index company on May 21 filed a petition before the Bombay High Court against SGX under Section 9 of the Arbitration Act and sought urgent interim relief against the marketing, promotion and launch of three new contracts called SGX India Futures, SGX Options on SGX India Futures and SGX India Bank Futures.

PNB scam: ED issues summons to Nirav Modi's father, sister PNB scam: ED issues summons to Nirav Modi's father, sister

 

New Delhi, The Enforcement Directorate (ED) has issued summons to absconding diamantaire Nirav Modi's father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in the multi-crore Punjab National Bank (PNB) fraud, an official said here on Friday.

The fraud was committed during 2011-17 by illegally issuing Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs).

SEBI warns PNB over late disclosure of Nirav Modi fraud case Indian civilisation built on 'waves of migration': UN told Market trades in green, sheds morning gains PNB posts net loss of Rs 13,417 crore for Q4 Bank unions announce 48-hour strike from May 30 NTPC auction yields solar tariff of Rs 2.73/unit, good response Indian tea industry records highest ever production ATMs go dry in northeastern states US dollar rises ahead of Fed announcement Australian dollar falls to lowest in 2018 5G to herald next wave of satellite communications Many ATMs run dry in MP cities, towns UCO Bank's shares slip 14 percent on loan fraud claims SGX to list new India equity derivative products in June Caution ahead of earnings season keeps equity markets flat Skype to offer call recording feature Indian equity indices close flat on tepid Asian cues RBI holds repo rate at 6% in first policy review of fiscal In boost to RCOM, Supreme Court clears decks for asset sale Chinese yuan weakens against US dollar Rs 4 lakh cr NPAs have returned due to insolvency system: Official PNB not providing information on Nirav Modi under RTI: Activist Ambrane India announces its newest extra bass in-ear Earphones India ranks 67 in fixed broadband speed in February: Ookla CBI books Jignesh Shah in fresh case Nifty50 closes below 10k mark, Sensex sheds over 400 points Kanishk Gold directors questioned in loan fraud case Reliance JioPhones likely to get WhatsApp soon India warns Facebook, Zuckerberg of action over data breach CBI moves Delhi HC over 2G spectrum acquittal