Electronic Financial News

Canada’s financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.

Make in India'. The ambitions have had a heroic journey to grow sinews that makes the Prime Minister of world's fifth largest economy to now vouch for 'Make for the world'. There are still miles to go before India laps up a significantly greater share of what the world consumes.

GoKwik said the Black Friday weekend saw a 36% increase in orders with gross merchandise value surging 57% increase on its network. Beauty and cosmetics saw a 2.5 times surge in orders followed by home decor 94.9%, electronics at 62.5%, health and nutrition by 61% and fashion at 41%.

frauds, as per reports. These websites, as per an official statement, were operated by overseas individuals. Also Read | QR code scams: How to identify and be safe from such tricks The Indian Cybercrime Coordination Centre (I4C), a unit of the Union Home Ministry's vertical National Cybercrime Threat Analytics Unit (NCTAU), identified and recommended the blocking of these websites last week.

A look at the day ahead in European and global markets from Kevin Buckland

Apple is scouting for new suppliers — Indian, Japanese and South Korean — which can provide crucial components to its contract manufacturers in India, people aware of the matter told ET. This comes on the back of delayed government approvals for imports from existing suppliers — primarily of Chinese origin — of batteries, camera lens, chargers and other equipment required to make its flagship iPhones and iPads in India, they said.

Netflix India has partnered with nearly a dozen large brands for 'The Archies' movie, which releases on December 7, making it among the largest number of brand marketing collaborations for an over-the-top (OTT) film in India so far, said industry executives. Cosmetics maker Maybelline, cafe chain Starbucks, e-commerce platform Flipkart, consumer electronics brand BoAt, Vistara airline, VIP Skybags and Bombay Sweet Shop are among companies that have launched limited edition products or services to recreate the Riverdable vibe in the Zoya Akhtar-directed movie and cash on its pre-release hype. Shilpa Singh, senior director, marketing partnerships, APAC, Netflix, said: «By partnering with brands like Starbucks, Vistara, Maybelline, Skybags, and boAt, our aim is to marry the iconic elements from The Archies and the 60s era with brands of today.» She said the OTT platform is looking «beyond just showcasing». Executives said the partnerships reflect the coming of age for OTT-brand tie-ups in India and borrows from 'Barbie's' $150 million global marketing blitz. «After the success of global franchises like Barbie in India, we have Archies which is equally high on aspiration.

Kiranas or neighbourhood stores, which contribute more than 85% of sales of fast-moving consumer goods companies, saw orders placed with companies decline 7.5% in November from a year earlier. This is because retailers are left with excess inventory from pre-Diwali orders, which, however, failed to generate enough demand, especially in rural areas. Orders also fell 3.5% compared to the previous month October, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores. «Demand has been challenging over the past few months and last month's decline may have been triggered by uncertainty in consumer sentiment, especially in states where elections were due. Recovery will be seen only when there are visible greenshoots in rural markets,» said Sushil Kumar Bajpai, president, RSPL Group, which makes Ghari detergent and Venus soap. FMCG companies had indicated that consistent decline in rural markets had halted in the September quarter but deficient rains, followed by a spike in food prices affected the second part of the quarter.

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After a rash of layoff announcements at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling. Tech-industry layoffs, which dominated at the start of 2023, included Facebook parent Meta Platforms, Google parent Alphabet and Microsoft. Then downsizing went beyond high-growth technology companies, with retailers, manufacturers and the financial sector announcing cuts.

France’s National Assembly has unanimously approved a bill to ban single-use, disposable electronic cigarettes, in an attempt to protect young people drawn to their flavors and mitigate the environmental impacts of the disposable products known as “puf...

microwaves stand out as reliable kitchen companions. IFB, a well-known brand in home appliances, has carved a niche for itself in the world of microwaves. Offering a blend of advanced technology, user-friendly features, and aesthetic appeal, IFB microwaves are designed to cater to the diverse cooking needs of modern households.

₹133.4 crore) in a Series A funding round from 360 ONE Asset Management Ltd (formerly IIFL Asset Management Ltd). The funds will be used for research and development (R&D), product expansion and increasing manufacturing capacity. This is the firms's first funding round.

360 One Asset Management, formerly known as IIFL Asset Management, on Tuesday said it will invest $16 million in CoreEL Technologies. The funds will be used to accelerate CoreEL’s growth plans including research and development, new products development and augmenting manufacturing capacity, it said in a statement.

PTI citing sources. In the meeting, the platforms were told that there are criminal consequences to such user harms, mapped even under existing laws. On November 24, Minister of State for IT and Electronics Rajeev Chandrasekhar had met the representatives of social media companies.

Central Bureau of Investigations (CBI) has conducted search operations in around 13 locations in West Bengal and Karnataka in its investigation related to the IMPS transactions worth Rs 820 cr in UCO Bank accounts. Kolkata-based UCO Bank had registered a complaint against two Support Engineers who worked with the bank alleging suspicious transactions through Immediate Payment Service (IMPS) amounting to around Rs 820 crore. Despite reporting the matter to law enforcement agencies, the state-owned bank did not clarify whether this technical glitch was due to human error or a hacking attempt. Apart from the accused, the CBI's search also included the premises of private persons and bank officials.

NEW DELHI : Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. India wants to implement a European Union rule that will require smartphones to have a universal USB-C charging port, and has been in talks with manufacturers about introducing the requirement in India by June 2025, six months after the deadline in the EU.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

Visa's payment data analysis, there was a 25% increase in credit card spending on e-commerce platforms during the Diwali 2023 period compared to the previous year. Simultaneously, overall credit card expenditures experienced a growth of around 18%.

«Yes,» says Mayank Arora, Advocate, Chambers of Bharat Chugh. «An individual can send or receive legal notice or other general notices such as money recovery notices or eviction notices through WhatsApp, email or any other electronic means.

Canada’s financial intelligence agency says it anticipates that criminals will increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system.