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Australia flags major fines for companies failing to protect customers from scams

Sep 13, 2024

Canberra, Sep 13 (IANS) The Australian government has announced plans to issue fines worth millions of dollars to companies that fail to protect customers from scams.On Friday, Stephen Jones, the assistant treasurer, released details of the government's proposed new laws, that would force banks, telecommunications companies and technology giants to…

China bans PwC for 6 months, fines $62 mn for ‘audit lapses’

Sep 13, 2024

Beijing, Sep 13 (IANS) In a significant development, China has banned PwC China -- part of the Big Four -- for six months and fined it nearly $62 million for alleged auditing lapses, the media reported on Friday.The action came after an…

Business

Centre boosts accountability for food grain procurement, distribution system

Sep 13, 2024

New Delhi, Sep 13 (IANS) In an effort to enhance the efficiency and accountability of food grain procurement and distribution, the Department of Food and Public Distribution (DFPD) on Friday signed an MoU with the Food Corporation of India…

Business

Non-metro cities leading in orders on e-commerce platforms in India: Report

Sep 13, 2024

New Delhi, Sep 13 (IANS) Non-metro cities are leading the pack in India when it comes to growth in orders on e-commerce platforms, with at least 60 per cent of online orders coming from tier 2 cities and smaller towns, a report showed on…

Business

Global VR headset shipments drop 4 pc in Q2, Meta leads

Sep 13, 2024

New Delhi, Sep 13 (IANS) Global virtual reality (VR) headset shipments fell 4 per cent in the April-June quarter (Q2), primarily due to a sharp drop in Sony’s PlayStation VR2 shipments, a report said on Friday.The decline was also due to…

Business

96 pc of Indian midmarket firms prioritising Gen AI, faster than the world

Sep 13, 2024

New Delhi, Sep 13 (IANS) About 96 per cent of Indian organisations (between 250 and 1,500 employees) are prioritising generative artificial intelligence (GenAI), compared to 91 per cent in the rest of the world, a report showed on…

Business

Large office spaces reach 45 pc of overall commercial transactions in India

Sep 13, 2024

Mumbai, Sep 13 (IANS) Large office space contributed 45 per cent of the overall commercial transactions across eight leading cities in the country in the January-June period this year, a report showed on Friday.Transactions for office…

Business

India jumps to Tier 1 in Global Cybersecurity Index 2024

Sep 13, 2024

New Delhi, Sep 13 (IANS) India has jumped to Tier 1 in the Global Cybersecurity Index (GCI) 2024, released by the International Telecommunication Union (ITU), when it comes to role-modelling as part of the country’s cybersecurity…

Business

Tata Power Renewable Energy and Tata Motors sign a MoU to set up 200 fast-charging stations

Sep 12, 2024

Tata Power EV Charging Solutions Limited,

Business

Samsung Unveils Galaxy M05 with 50MP Dual Camera and Stunning Display in India

Sep 12, 2024

Samsung, India’s largest electronics brand, today announced

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