RBI cancels Paytm Payments Bank licence; to approach High Court MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking business and setting in motion the process for winding up, even as the entity had already been reduced to a runoff institution after…
NEW DELHI: Bharatiya Janata Party on Saturday launched a sharp attack on Arvind Kejriwal, a day after Raghav Chadha and six other MPs from Rajya Sabha left the party. The BJP described Kejriwal as the “Rahman Dakait of Delhi” and released fresh images of what it called “Sheeshmahal 2.”Delhi minister Parvesh Verma in a press…
Mamata Banerjee slams PM over Ganga ride, cites polluted Yamuna KOLKATA: “Our Ganga is clean. That is why the PM could enjoy the boat ride. Can he do the same in (Delhi’s) Yamuna?” CM Mamata Banerjee said on Friday, referring to PM Narendra Modi‘s early morning boat ride on the Hooghly.Dubbing it a photo-op, the…
BENGALURU: Headcount is passé, outcomes are the new currency. India’s top five IT services firms witnessed net workforce contraction in FY26, reversing the modest hiring recovery a year earlier, as demand uncertainty, delayed decision-making and AI-led efficiency gains weighed on headcount.The traditional fresherheavy pyramid is being reshaped. A people-plus-AI model is upending its foundation, putting…
‘Their operational influence already diminished’: AAP’s 2022 strategists who cracked ‘Punjab code’ out CHANDIGARH: The exit of seven Aam Aadmi Party Rajya Sabha MPs has dealt the party a symbolic blow in Punjab, with two of its backroom strategists – Sandeep Pathak and Raghav Chadha – quitting the party ahead of the 2027 assembly elections,…
An India flag (PTI Photo/Shailendra Bhojak) BENGALURU: India on Friday officially submitted its Expression of Interest (EOI) to the Olympic Council of Asia (OCA) to host the 2038 Asian Games, with Ahmedabad once again emerging as the front runner to host the event.The Indian Olympic Association delegation led by president PT Usha submitted the EOI…
PUNE: Union Finance Minister Nirmala Sitharaman on Friday said that banks should continue to have a human interface while serving the customers despite the massive continuing thrust on digitisation.“Digitisation should happen. It brings in greater inclusivity. But as this digitisation is happening we should ask ourselves whether we are getting distant from our customer base,”…
Apple CEO Tim Cook this week announced his decision to step down as Apple CEO and that John Ternus will be taking over. The announcement is a huge shift for Apple as Tim Cook has been CEO of Apple since taking over for Steve Jobs in 2011. During Cook’s tenure as CEO, Apple has grown…
MUMBAI: Belgium’s top insurer present in life and non-life in India aims to break into the top 10, and will also explore acquisition opportunities as they arise, deepening its commitment to one of its fastest growing markets. The strategy builds on earlier moves, including becoming the first insurer in India to hold over 70% in…
Iran’s carefully coordinated display of unity after US President Donald Trump claimed divisions inside Tehran’s leadership may have been an attempt to contain a far deeper internal crisis, according to accounts circulating in Iranian political circles and reports cited by opposition outlet Iran International.At the center of the controversy is a reportedly confidential letter sent…