Less than half of the staggering Rs 9 lakh crore worth of non-performing assets (NPAs), or bad loans, accumulated by banks had returned due to the system set in place by the Insolvency and Bankruptcy Code (IBC), 2016, the government said on Wednesday. The figure was revealed by Corporate Affairs Secretary Injeti Srinivas at the c...
Digital payments platform PayPal on Wednesday said it has digitised the FIRC (foreign inward remittance certificate) application process for the ease of Indian sellers and freelancers by enabling the payment of the FIRC fee via NEFT (National Electronic Funds Transfer) as opposed to the previous process of a demand draft (DD). ...
Reliance Wealth Management, a subsidiary of Reliance Capital, on Wednesday announced the appointment of Nitin Rao as its new Chief Executive Officer. In this newly created role, Rao will report to Anmol Ambani, Executive Director at Reliance Capital, and will be responsible for driving a more broad-based strategy for growing the wealth management...
Realising the growing dominance of the Artificial Intelligence (AI) technology, the Consumer Technology Association (CTA) has announced that "CES Asia 2018" will highlight advancements in the sphere as a new dedicated product category. Alibaba AI Labs, Baidu "DuerOS" and "iFLYTEK", among others, will exhibit the latest in big data ...
Facebook has removed several accounts owned by Russia-based Internet Research Agency (IRA), the group accused of meddling in the 2016 US presidential election. "We removed 70 Facebook and 65 Instagram accounts -- as well as 138 Facebook Pages -- that were controlled by the Russia-based Internet Research Agency (IRA), Alex Stamos, Chief Secur...
Media tycoon Rupert Murdoch's company 21st Century Fox has offered to sell Sky News to Disney to allay fears among regulators about its plan to buy 61 per cent of Sky, according to a company statement on Tuesday. ...
Gold financing firm Muthoot Finance on Tuesday said that it plans to raise Rs 3,000 cr through the public issue of non-convertible redeemable debentures (NCDs). ...
Chief Minister Pinarayi Vijayan on Tuesday announced a vigilance probe into ...
Taiwanese computer hardware company MSI on Tuesday unveiled gaming laptops powered ...
Chinese President Xi Jinping will attend the Boao Forum for Asia, dubbed the Asian ...
