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MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework…
The Economic Survey frames insurance as a growth problem disguised as a coverage problem. To close India’s protection gap and deliver “Insurance for All by 2047,” it says the sector must outpace nominal GDP, not inch alongside it. The binding constraint is not demand but distribution.“The escalating cost of acquisition is not merely an operational…
NEW DELHI: A 30-year-old Bangladeshi Hindu man, employed at a fuel station, died after being allegedly run over by a driver who attempted to leave without paying for fuel, police said.The incident took place on Friday in Rajbari district. The victim was identified as Ripon Saha.Police have seized the vehicle, an SUV, and arrested its…
Michael Burry is betting against Oracle. The investor, who is also known from the movie “The Big Short,” has revealed bearish positions against the company founded by Larry Ellison after its recent expansion into artificial intelligence (AI) infrastructure. In a latest Substack post, Burry revealed that he holds put options on Oracle shares and has…
MUMBAI: In a win for the restaurant industry, Zomato has agreed to share customers’ phone numbers with eateries after seeking consent from users, the National Restaurant Association of India (NRAI) said. The restaurant industry had been at loggerheads with food delivery platforms – Zomato and Swiggy – over their refusal to share consumer data, which…
Qantas CEO Vanessa Hudson has announced that Chief Customer and Digital Officer Catriona Larritt will leave the airline at the end of the year to “pursue external opportunities,” marking the first major executive change since Hudson took the helm in early 2024. Larritt, who has spent over a decade with the Qantas Group in various…
Surprise customer at Gurgaon pizzeria GURGAON: Patrons at a city pizzeria on Tuesday night were in for a surprise when a familiar face, but one they least expected to see there, walked in. Leader of opposition Rahul Gandhi had decided to make a stopover at da Susy’s. Rahul was accompanied by two friends at the…
