New Delhi: More than half of all fraud incidents in India were ‘platform’ fraud, a novel form of economic crime that involves fraudulent activities associated with social media, e-commerce, enterprise and finTech platforms, said a PwC India report on Thursday. The onset of the pandemic has led to an increase in platform fraud, said the second…
New Delhi: Two more aircraft lessors — GY Aviation and SFV Aircraft Holding — on Thursday moved appellate tribunal NCLAT against the order passed by the NCLT allowing Go First’s voluntary plea to initiate insolvency proceedings. SMBC Aviation Capital, which is one of the world’s largest aircraft leasing companies, already moved NCLAT on Wednesday, hours…
Mumbai: Indo-Israel trade will grow to USD 10 billion this year and a free trade agreement (FTA) is essential to strengthen the economic relations, visiting officials from the Jewish country said on Thursday. Direct flight connectivity will be established between more cities in India and Israel by the end of this year, they said. The country’s…
Tokyo/New Delhi: India’s Finance Minister Nirmala Sitharaman on Thursday invited Japanese investors and business leaders to explore investment opportunities in the country, saying that New Delhi is easing a lot of restrictions and ensuring overall ease of doing business in its walk towards Amrit Kaal. Indian government describes ‘Amrit Kaal’, as the 25-year period culminating in…
New Delhi: With the debt mutual fund schemes now under the tax ambit, the attractiveness of the product has reduced as High Net worth Individuals (HNIs) are favouring bank fixed deposits (FDs) over such funds, according to a report by Motilal Oswal Financial Services on Thursday. In addition, interest rates on bank deposits have increased…
New Delhi: Prime Minister Narendra Modi will inaugurate a three-day international tourism exposition in Delhi on May 18 during which a host of cultural activities will be organised, Union Culture Minister G Kishan Reddy said on Wednesday. The event will be held from May 18-20 and will also commemorate the International Museum Day that falls on…
Mumbai: Maharashtra Deputy Chief Minister Devendra Fadnavis has said banks asking for CIBIL score from farmers before disbursing crop loans would face FIRs. CIBIL score is a numeric summary of a person’s credit history. The score is derived using the credit history found in the CIBIL report. Fadnavis told reporters in Amravati on Tuesday that…
Patna: The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents. The Telecom Service Providers have also blacklisted 517 Point of Sales (PoS) who have been prima facie found to…
New Delhi: The government will investigate a claim that WhatsApp accessed the microphone of smartphone users while the phone was not in use, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on Wednesday. In a tweet, the minister said the government will examine the alleged breach of privacy even as the new Digital…
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company…
