RBI imposes curbs on Mastercard over data storage

New Delhi (IANS) In a major blow to payment services major Mastercard Asia/Pacific Pte Ltd, the Reserve Bank of India (RBI) on Wednesday imposed restrictions on on-boarding of new domestic customers in the country on its card network.

The RBI…

India among most vulnerable nations, least ready for automation

New Delhi (IANS) India joins Bangladesh and Pakistan among the countries most vulnerable and least prepared for automation in the Asia-Pacific region with construction, agriculture and mining sectors being the most at-risk, a new report showed on…

India's June WPI inflation eases on lower food prices

New Delhi (IANS) Lower food prices aided in sequentially lowering India's annual rate of inflation based on wholesale prices in June.

However, the inflation rate alarmingly remained above the 12 per cent mark.

Accordingly, WPI rose…

Flying object repulsed by BSF in J&K's Arnia sector

Srinagar (IANS) The Border Security Force (BSF) troops fired and repulsed a flying object along the international border in the Arnia sector of Jammu and Kashmir, officials said on Wednesday.

"On intervening night of 13/14th July, a blinking…

Equity indices flat amid weak global cues, banking stocks fall

Mumbai (IANS) The Indian stock market traded on a flat-to-negative note on Wednesday morning tracking decline on the global markets.

Selling pressure was witnessed in banking and finance stocks.

Around 10.25 a.m, Sensex was trading at…

US approves Bezos' Blue Origin license for human space travel

San Francisco (IANS) Jeff Bezos' Blue Origin had received approval from the Federal Aviation Administration (FAA) to carry humans on the New Shepard rocket into space on July 20.

The company was required to verify the rocket's hardware…

Don't get bogged down by expectations, PM tells Tokyo-bound athletes

Mumbai (IANS) Prime Minister Narendra Modi on Tuesday asked the Tokyo Olympics-bound Indian sportspersons not to get bogged down by the pressure of huge expectations and try and put up their best performance without bothering about the results.

Arrested JMB operatives open Pandora's Box for Kolkata Police

Kolkata (IANS) The three operatives of Jamaat-ul-Mujahideen Bangladesh (JMB), who were arrested from the southern fringes of Kolkata a couple of days back, have opened up a Pandora's Box for Kolkata Police.

Interrogating the arrested trio,…

Startups, pharma Cos face tax liability on new goodwill rules

New Delhi (IANS) In what can increase tax liability on companies that have undergone mergers and acquisitions in recent years, the Central Board of Direct Taxes (CBDT) has notified new set of rules on tax treatment of goodwill where depreciation provisions…

Kanpur is a major hub of terror activities, say ATS sources

Lucknow (IANS) Investigations following the arrest of two alleged terrorists in Lucknow on Sunday, have revealed that Kanpur is a major hub of terror activities.

ATS sources claimed that the interrogation of Maseeruddin and Minhaz Ansari has…