Adani-Hindenburg row: Plea in SC seeks contempt action against SEBI
November 20th, 2023 06:30
The plea said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023. It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature.
Uco Bank fiasco: Glitch first noticed in Jaipur, Jodhpur
November 20th, 2023 06:27
Some customers in these cities earlier this month found that when they tried to transfer funds using the Immediate Payment Service (IMPS) from their IDFC First Bank savings accounts to Uco Bank, the amount got credited into the Uco Bank account without getting debited at IDFC First, according to the preliminary findings by Uco Bank.
UCO Bank glitch: Dos and don'ts for banks and customers
November 20th, 2023 06:27
Banks must provide customers with facilities of a website, phone banking, SMS, email, IVR and a dedicated toll-free helpline for reporting unauthorised transactions as well as loss/theft of payment instruments such as cards. They should also be given the facility to report these to the home branch.
BFSI industry faces a talent crunch in cybersecurity roles
November 20th, 2023 06:27
"The Indian curriculum is more focused on AI, ML, and other data science courses but not cybersecurity," said Abhik Chatterjee at Boston Consulting Group, which advises top banks in the country. "There are very few Indian colleges that offer good, practical heavy cybersecurity courses. This is why a graduate from India is at a disadvantage when compared to a person who has graduated from a foreign university."
Gains for paint stocks seen capped despite oil boost
November 20th, 2023 06:27
Crude oil prices, currently below $80 per barrel, impact around 40% of the raw material costs for paint companies as the cost of binders - a key input material - is linked to the prices of crude oil.
Five companies to launch IPOs worth over 7,000 crore this week
November 20th, 2023 06:27
The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. "The money from one issue may not be available for the other; but except for that, the broader market may not see any effect," said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.
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