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The brokerage firm Interactive Brokers Hong Kong has been licensed in Hong Kong for virtual asset trading by retail clients, according to a post on LinkedIn by the Managing Director for Asia Pacific at Interactive Brokers, David Friedland.

Reserve Bank on Friday imposed penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of Rs 5 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code of conduct on outsourcing of financial services, the RBI said in a statement.

₹10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of norms. The apex bank regulatory body made it clear that the action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

As the holiday season approaches, so does the much-anticipated Black Friday, a day notorious for its unbelievable deals and overcrowded stores. While it can be tempting to dive headfirst into the chaos, shoppers need to be aware of the potential pitfalls that can turn this day of savings into a nightmare. 

Droupadi Murmu on Friday said it is the duty of civil servants to respond promptly to the grievances of the people besides adopting innovative measures beneficial for citizens. Addressing a group of officer trainees who had called on her at the Rashtrapati Bhavan here, the president said the feedback of the public on various government schemes and projects is now considered very important for an efficient and accountable administration. At a time when people can post their grievances instantly on social media, the need to use updated governance tools and advanced technology for service delivery to people has increased manifold, she said.

Sanjay Banka, CFO, Senco Gold, says “the next two quarters will not be better than the first half. If we look at the past trends, the major sales happen up to Dhanteras. We have already seen around 26-27% year-on-year growth till today. The next quarters are likely to take the blended growth up to 25%. Secondly, as far as the growth across all the zones is concerned, we are very happy that we are growing across all the zones in India, particularly in the Eastern zone where the growth is around 22%.” Have you witnessed a strong festive demand? Also, what is the expectation for the upcoming wedding season? We are very much delighted with the festive demand. While the World Gold Council has said that around 9% growth has happened in the first nine months of the current calendar year, we have grown by almost 26% year-on-year versus last year. And we have seen a similar trend during the Dhanteras festival, a 25% increase. So we are very much delighted. It clearly shows the faith and trust of the consumers. We are looking for a similar trend for the rest of the year in the wedding season because in the wedding season, we are talking about around 30 lakh weddings and Rs 4.5 lakh crore expenditure, a major part of that is likely to come to the jewellery industry.

Global Health (Medanta) have almost turned multibaggers in the last 1 year, surging over 99 percent as against an over 8 percent gain in benchmark Nifty. The stock has already more than doubled its investor wealth, surging 167 percent, from its issue price of ₹336. Meanwhile, in 2023 YTD, it has advanced over 91 percent, giving positive returns in 9 of the 11 months so far and negative in just 2 - April (-2 percent) and (January -5.2 percent).

As businesses and governments adopt net-zero strategies, it is imperative for the industry to develop resilient solutions and construct infrastructure capable of withstanding the repercussions of climate change. Simultaneously, these initiatives should remain economically-viable investments. The reevaluation of how we plan, create, and manage our infrastructure is a vital component of this undertaking. Infrastructure is critical in influencing our cultures, economics, and environment. Rethinking infrastructure systems is a critical step towards creating a net-zero and sustainable future.

bond markets to raise capital for infrastructure projects, with big names such as the National Bank for Financing Infrastructure and Development as well as large public sector banks eyeing fund raises worth close to ₹30,000 crore in coming days. Sources aware of the developments told ET that NABFID is eyeing a bond sale worth up to ₹10,000 crore, while the Delhi-Mumbai Expressway aims to garner funds worth up to ₹3,000 crore. Amongst banks, state-owned lenders Bank of Baroda and Canara Bank are looking to raise funds worth up to ₹10,000 crore and ₹5,000 crore, respectively, through the issuance of infrastructure bonds, the sources said. The massive bond pipeline comes at a time when government bond yields have eased significantly from seven-month highs touched in early October.

Appario Retail, the largest seller on Amazon India, is scripting a change of plans for its future on the ecommerce platform, multiple people aware of the development told ET. Amazon and Patni Group, joint venture partners of Appario’s parent firm Frontizo, had in October last year announced plans to shut the seller entity within a year. But it is unlikely to stop selling on Amazon India as it continues to work closely with brands and sellers and has more than a month of forward inventory in its warehouses, people cited above said.

cofounders of ecommerce platform Dealshare, have left the firm which has seen multiple rounds of job cuts and a business restructuring this year, people in the know told ET. While Rao “stepped down” from his role of chief executive in July and was supposed to work with the board for hiring a new CEO, he has now left Dealshare even as the company has yet to name his successor, several people aware of the matter said. Bora, who was chief operating officer, has also moved on from the company which is now shifting its non-tech functions to Gurgaon.

Reserve Bank of India and the National Payments Corporation of India (NPCI), for pushing the adoption of the central bank-backed digital currency (CBDC), said two bankers in the know of the matter. Both the RBI and NPCI want CBDC to make digital payments as simple as cash transactions, the bankers said.

₹1.78 trillion in October aided by strong festive season purchases on e-commerce platforms, latest Reserve Bank of India data showed. The spending had seen a dip in September as consumers prioritized saving ahead of big buys in the festive season. Total spending via credit cards jumped 38.3% year-on-year and 25.4% month-on-month in October.

NCLAT) allowing a State Bank of India (SBI) petition seeking to set aside a lower court's approval for the resolution plan submitted by Darwin Platform Infrastructure (DPIL). This is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be built since Independence. It comes almost two years after creditors approved the plan overwhelmingly in December 2021 and months after the NCLT gave its nod in July this year. In its application, the SBI had sought to set aside the NCLT order and contended that DPIL did not adhere to the waterfall mechanism of the Insolvency and Bankruptcy Code (IBC) which does not treat government dues as secured creditors.

Tata group hospitality firm Indian Hotels Company Ltd on Thursday said it is investigating claims of a data breach, but asserted there is no suggestion of any current or ongoing security issue. According to a media report, there has been a personal data breach of 15 lakh users from the Taj Hotel database, which is available on the dark web for purchase at USD 5,000.

King Charles III honored the K-pop band Blackpink

Mercedes racer Lewis Hamilton has finally addressed rumours that claim that he is maybe looking to switch teams by joining Red Bull. «I don't really understand what he's been talking about because no one, as far as I'm aware, from my team has spoken to him. I haven't spoken to Christian really in years,» said Hamilton to reporters.

Nirmala Sitharaman on Thursday said non-banking financial companies (NBFCs) and small finance banks need to heed the central bank and exercise due caution while lending, without “going too far too soon”. Speaking at the Digital Acceleration & Transformation Expo in the capital, organised by Trescon, the minister said: «Enthusiasm is good but sometimes it becomes a bit too far for people to digest. So as a measure of caution the RBI (Reserve Bank of India) has also alerted small finance banks, NBFCs to be careful that they don't go too far too soon and face any downside risks later.» Earlier this month, the RBI tightened the norms for unsecured consumer loans, as it directed banks and shadow banks to assign a higher risk weight to such credit.

IGCSE school in Singapore, subjects may require students to undertake coursework or practical assessments alongside their written exams. These components are significant, and students should be aware of how they contribute to their final grade. With quality education often comes an associated cost.

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HP has introduced free online courses on esports management and game development to upskill serious gamers in the country who do not have access to professional education in online gaming. According to a recent study by HP, nearly half of gamers rely on YouTube and fellow gamer buddies to enhance their skills while 61% are not aware of gaming courses that exist in India.