The RBI has sought comments from the public by August 17 on its draft proposals titled ‘Guidance on Regulatory Expectations for Data Governance.’ These seek to strengthen controls over the growing use of external service providers, technology vendors and group…
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In Thursday’s trading session, further depreciation of the Indian rupee is anticipated due to soaring oil prices and escalating tensions between the US and Iran. This month, the rupee has plunged considerably, approaching its record low. The support previously provided…
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The United States on Wednesday targeted Iran’s coastal defence systems and missile sites after reimposing a naval blockade on Iranian ports. In response, Iran warned that it could further restrict regional energy exports, saying it was fighting an “existential war”…
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The Institute of Chartered Accountants of India has paused its global networking guidelines. These guidelines encouraged domestic firms to form international partnerships and register. Major audit firms opposed registration and sharing sensitive operational details. Stakeholder concerns and ministry input prompted…
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West Asian disruptions prompt companies to shift inventory to India. Multinational firms are establishing satellite distribution hubs alongside Dubai. This move diversifies supply chains away from single regional distribution points. Automotive and pharmaceutical sectors are leading this significant inventory relocation.…
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Fairfax Holdings aims to secure a major stake in IDBI Bank through an improved offer. The collaboration with the government and LIC is set to yield about fifty-three thousand crore rupees from their combined stakes. This groundbreaking investment will set…
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