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MUMBAI: Reserve Bank of India has proposed a ceiling of Rs 50,000 for digital frauds to be eligible for compensation of up to Rs 25,000. According to the draft, customers who lose more than Rs 50,000 in a cyber fraud incident will not qualify for this compensation mechanism.Banks must credit the compensation to the victim…
US President Donald Trump recently proposed to cap credit card interest rates at 10% for one year, to ease affordability concerns for Americans. However the move has sparked a debate as supporters are arguing that it could save Americans billions of dollars, while critics have flagged that it may restrict access to credit for people…
US President Donald Trump vowed to block defence contractors from paying dividends or buying back shares until they accelerate the production of military equipment. The announcement was made on Truth Social on Wednesday and sent defence stocks tumbling. It signals a rare direct intervention in the US military-industrial sector. He claimed that US produces the…
TikTok has signed a joint venture agreement with major investors to keep its platform running in the United States and avoid a potential ban linked to its Chinese ownership, according to an internal memo seen by news agency AFP.TikTok chief executive Shou Zi Chew told employees that the company and its parent ByteDance have agreed…
