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IDFC First Bank on Tuesday said it has settled fraud claims at a Chandigarh branch at Rs 645 crore and has found no further discrepancies. Private sector IDFC First Bank had last month disclosed a Rs 590 crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set…
Farcaster will now center its roadmap around its in-app wallet and trading features as the key product area to show sustained traction after years of stalled social growth. Cofounder Dan Romero said in a series of posts over the weekend Romero said the team spent 4.5 years pursuing a social-first strategy but never achieved a…
Investors have a couple of new reasons to like portfolio stocks Broadcom and Goldman Sachs . Deal king: Coterra named Goldman Sachs as a financial advisor on its $58 billion all-stock merger with fellow shale producer Devon . The deal is the largest in the energy sector since Diamondback ‘s $26 billion acquisition of Endeavor…
Silver gave up most of its gains in late US trading after surging the most since 2008 and gold eased after topping $5,000 an ounce, with heightened volatility disrupting a rally that drove the metals to fresh record highs.The white metal ended Monday with a 0.6% gain after earlier soaring more than 14% on to…
Air India on Tuesday revealed the redesigned cabin interiors of its first line‑fit Boeing 787‑9 Dreamliner, marking a significant milestone in the airline’s ongoing transformation programme. The aircraft is the first widebody to be delivered from the 470‑aircraft order placed three years ago and is the first to feature interiors designed exclusively for the airline….
NEW DELHI: The road transport ministry has told states that no bus should be registered unless full compliance with mandatory safety requirements is established. It asked states to ensure that RTOs register buses only after “compliance with all mandatory safety standards”.The ministry has written to all chief secretaries in the light of recent instances of…
Prime Minister Narendra Modi on Tuesday announced the signing of the India-EU Free Trade Agreement (FTA), saying it accounts for 25% of the global GDP and one-third of global trade. The trade deal aims to strengthen economic and political ties between the world’s second and fourth largest economies, at a time of rising geopolitical tensions and…
Supply Chain Automation, Robotics Won’t Lead To Fall In Employment: Sr V-P Madan NEW DELHI: Amazon may not have been the quickest of the block in rolling out 10-minute delivery in India, but it is taking the model to serve its customers in other parts of the world.“We have launched Amazon Now in UAE, Egypt…
US President Donald Trump said that America is headed for an “economic boom” in the upcoming year. Speaking at the White House on Wednesday (local time), Trump highlighted his achievements of during the second term and outlined the administration’s plans for the economy, border security and the United States’ role on the global stage.For the…
