Account holders no longer required to visit bank to update KYC details, says RBI

New Delhi, January 6 Bank account holders are no longer required to visit their bank branches to update ‘know your customer’ (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said. Instead, if there is no change in KYC information, they can…

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Amazon to lay off 18,000 employees citing economic uncertainty

Washington, January 5 E-commerce giant Amazon and business software maker Salesforce are the latest US technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown. Amazon said Wednesday that it will be cutting about 18,000 positions. It’s the largest set of layoffs…

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US orders Air India to pay $121 mn as refund, $1.4-mn fine

Washington, November 15 The US has ordered Air India to pay a whopping $121.5 million as refunds and $1.4 million as penalties for extreme delays in providing refunds to passengers due to the cancellation or change in flights, mostly during the pandemic, officials said. Air India is among the six…

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Farmers backbone of nation, can’t be made to suffer: VP

Vijay C RoyChandigarh, November 4Vice-President Jagdeep Dhankhar today said the farmers are the backbone of the country and they cannot be made to suffer financially to sustain others.FPOs can transform farm sector: ITC chiefThe government has taken far-sighted steps to promote Farmer Producer Organisations (FPOs) with multi-dimensional schemes to support…

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Jio Platforms wins ‘Cloud Native Award’ at 24th World Communication Awards in London

London, November 3Jio Platforms Limited (JPL) won the Cloud Native Award at the 24th World Communication Awards (WCA) ceremony that was held in London by Total Telecom, an international telecom media company.As the world opens up after a two-year-long hiatus caused by the Covid pandemic, senior executives from across the…

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Markets take heavy beating on negative global trends; fall for 3rd day

Mumbai, October 11 Equity benchmark indices fell sharply on Tuesday, with the Sensex tumbling nearly 844 points, in line with weak global market trends and foreign fund outflows. The 30-share BSE benchmark slumped 843.79 points or 1.46 per cent to settle at 57,147.32. During the day, it tanked 940.71 points…

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Auto sales dip as rains, inflation hurt demand

New Delhi, August 4Automobile retail sales in India dropped 8% on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors.As per data released by the automobile dealers’ body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units,…

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HSIIDC unveils new brand identity, redesigned logo

Chandigarh: The Haryana State Industrial amp; Infrastructure Development Corporation (HSIIDC) has launched its new corporate brand identity, redesigned logo, and website. The logo was revealed by Haryana Chief Minister Manohar Lal in the presence of Deputy Chief Minister Dushyant Chautala and other senior officials. tnsNew DelhiExports dip marginally to $35.24…

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Almost 2 million Income Tax returns filed till 1 pm on deadline day

ANI New Delhi, July 31 As many as 19,53,581 Income Tax returns have been filed up to 1 pm on Sunday and out of which 467,902 were filed just in the last 1 hour. Today is the last day for income tax return (ITR) filing for the financial year 2021-22…

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SEBI cautions against dealing in PACL assets

New Delhi, July 25A SEBI-panel on Monday cautioned the public against dealing in the properties of PACL Group and its subsidiaries, saying no one has been authorised to sell the properties.Fresh advisoryPACL, also known as Pearl Group, had collected over Rs 60,000 crore through illegal collective investment schemes in 18…

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