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Over $122 million embezzled by financial firms’ workers over past 6 years in South Korea: Data

Jun 23, 2024

Seoul, June 23 (IANS) Nearly 170 employees of banks and other financial firms embezzled around 180 billion won combined ($122.21 million) over the past six years in South Korea, but less than 10 per cent has been retrieved, data showed on Sunday. According to the data from the Financial Supervisory Service (FSS), a total of 168 officials from the…

Govt initiatives played vital role in creating jobs for people in private sector: Economist

Jun 23, 2024

New Delhi, June 22 (IANS) Government initiatives such as Startup India, Make in India, New Education Policy, and others have played an important role in creating employment for people in private sector on such a large scale, Vivek Singh,…

Business

GST Council waives interest, penalty on notices to taxpayers under Section 73

Jun 23, 2024

New Delhi, June 22 (IANS) As part of several taxpayer-friendly decisions, the GST Council on Saturday recommended the waiving of interest and penalty in cases of tax demand notices that have been sent under Section 73, of the GST Act,…

Business

New Telecom Act: Centre can take control of telecom networks during emergency

Jun 22, 2024

New Delhi, June 22 (IANS) The Centre on Saturday introduced the new Telecommunications Act, 2023 that will usher in the new era of connectivity from June 26, replacing century-old colonial laws.The Section 20 of the 'Telecommunications Act…

Business

GRSE bags export order for four commercial vessels

Jun 22, 2024

Kolkata, June 22 (IANS) The Garden Reach Shipbuilders and Engineers Ltd (GRSE), a defence public sector undertaking (DPSU) which is the only shipyard in the country to have built and delivered 109 warships to the Indian Navy and Indian…

Business

Clearly alert consumers about warranty, follow global practices: CCPA to electronics manufacturing…

Jun 22, 2024

New Delhi, June 22 (IANS) The consumers should be clearly informed about the starting point of warranty period while purchasing electronic appliances and companies should ensure that global best practices are followed in India, the Centre…

Business

Bangladesh to receive $900 mn World Bank financing for sustainable growth

Jun 22, 2024

Dhaka, June 22 (IANS) The World Bank's Board of Executive Directors has approved two projects totalling $900 million to help Bangladesh strengthen fiscal and financial sector policies and improve urban infrastructure and management to…

Business

Foreign portfolio investors bullish on Indian markets, pumps Rs 23,786 crore since June 10

Jun 22, 2024

New Delhi, June 22 (IANS) Buoyed by the policy and reform continuity, foreign portfolio investors (FPIs) have altered their position in the equity market following the election results, injecting Rs 23,786 crore since June 10, industry…

Business

India’s innovation ecosystem poised for exponential growth: Industry

Jun 22, 2024

New Delhi, June 22 (IANS) India's innovation ecosystem is poised for exponential growth, driven by robust government policies, increased venture capital and a dynamic talent pool, industry experts said on Saturday. The country is likely to…

Business

28 Indian startups raised over $800 mn in funding this week

Jun 22, 2024

New Delhi, June 22 (IANS) About 28 Indian startups have raised $800.5 million in funding across 29 deals this week. This represents an increase of 296 per cent from the $201.8 million secured by the startups last week across 21 deals,…

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