Business

Myanmar and neighbouring regions are emerging as major hubs for “digital arrest” cyber-fraud networks that coerce trafficked Indians into running call-centre style operations, the CBI has said in a chargesheet filed against 13 accused, PTI reported.The agency’s findings stem from a suo motu case investigating 10 major incidents of digital-arrest scams. Technical analysis of nearly…

Some of the key provisions of the new labour codes include minimum wages, gratuity payout for fixed term employees after a year of service. (AI image) New labour codes decoded: The government has introduced new labour codes that have wide-ranging implications for your salary structure, provident fund contributions, bonus payout, ESI benefits, gratuity payout and…

ITR refunds: Delays in receiving income tax refunds this year are largely tied to filing errors, system checks for high-value claims and incomplete verification by taxpayers, according to an ET report. While small refunds have been processed for most filers, many taxpayers are still waiting because their returns have been flagged for additional review, or…

Trump envisions this updated programme as an instrument to draw and maintain exceptional talent. Indians, chasing the American dream, now have a fresh avenue to fulfill it with US President Donald Trump officially launching the Gold card programme. Given the long queues for Green cards and the stricter H-1B visa regime, Indians have been looking…

Prada’s recent collection in Milan featured tan leather sandals strikingly similar to Kolhapuri chappals, sparking controversy. Prada has decided to work with Indian artisans to create a limited-edition sandal collection, months after the brand faced criticism for using designs similar to traditional Kolhapuri chappals, reported Reuters.The Italian luxury company will produce 2,000 pairs in Maharashtra…

The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…

NEW DELHI: IndiGo passengers who were stranded at airports on Dec 3, 4 & 5 will receive a travel voucher of Rs 10,000 with a validity of a year from the airline. This will be in addition to the compensation of Rs 5000 to Rs 10,000 “depending on the block time of the flight, to…

Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…

NEW DELHI: Calling the India–US trade deal “elusive” but nearing completion, chief economic adviser V Anantha Nageswaran on Wednesday said he would be “surprised” if the pact is not sealed by March, further adding that “most issues have been resolved.““I was hoping something would be done by the end of November, but it has turned…

Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…