Business

Myanmar and neighbouring regions are emerging as major hubs for “digital arrest” cyber-fraud networks that coerce trafficked Indians into running call-centre style operations, the CBI has said in a chargesheet filed against 13 accused, PTI reported.The agency’s findings stem from a suo motu case investigating 10 major incidents of digital-arrest scams. Technical analysis of nearly…

Trump envisions this updated programme as an instrument to draw and maintain exceptional talent. Indians, chasing the American dream, now have a fresh avenue to fulfill it with US President Donald Trump officially launching the Gold card programme. Given the long queues for Green cards and the stricter H-1B visa regime, Indians have been looking…

ITR refunds: Delays in receiving income tax refunds this year are largely tied to filing errors, system checks for high-value claims and incomplete verification by taxpayers, according to an ET report. While small refunds have been processed for most filers, many taxpayers are still waiting because their returns have been flagged for additional review, or…

India’s rural centres are now leading the country’s fixed deposit (FD) expansion, reversing a trend that long saw metropolitan areas driving deposit growth, according to the Reserve Bank of India’s latest data.Rural FD balances jumped 14% year-on-year to Rs 9.7 lakh crore in the September quarter, significantly outpacing the 10% rise in metro centres to…

Prada’s recent collection in Milan featured tan leather sandals strikingly similar to Kolhapuri chappals, sparking controversy. Prada has decided to work with Indian artisans to create a limited-edition sandal collection, months after the brand faced criticism for using designs similar to traditional Kolhapuri chappals, reported Reuters.The Italian luxury company will produce 2,000 pairs in Maharashtra…

The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…

NEW DELHI: IndiGo passengers who were stranded at airports on Dec 3, 4 & 5 will receive a travel voucher of Rs 10,000 with a validity of a year from the airline. This will be in addition to the compensation of Rs 5000 to Rs 10,000 “depending on the block time of the flight, to…

Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…

Mexico has approved steep tariff hikes of up to 50% from the year 2026 on a wide range of imports from India, China and several other Asian countries in order to protect the national industry and producers, Reuters reported.The bill passed by the Senate on Wednesday with 76 votes in favour, 5 against and 35…

Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…