Data storage norms: Mastercard submits audit report to RBI
After being banned by the RBI from issuing new cards, US-based payments technology major Mastercard on Friday said it has submitted an audit report to the regulator showing compliance with the local data storage norms.
States get more time to enrol for power reforms scheme
The government has given states two more months till December 31 to enrol for funding under the Centre’s Rs 3 lakh crore distribution reforms scheme, power minister R K Singh said after reviewing steps taken by states to improve power infrastructure.
Deadline day for inquiry's final report on eco groups and Alberta energy industry
News/Canada/Edmonton: Friday was the deadline for a public inquiry into what the Alberta government says is foreign funding of environmental groups who want to curtail energy development — an investigation lauded by Premier Jason Kenney as principled but derided by critics as a buffoonishly sinister political witch hunt.
First Solar of US plans $684 million module plant in TN
US-based First Solar on Friday said it will invest invest $684 million, or roughly Rs 4,965 crore, in India to build a solar PV (photovoltaic) module manufacturing plant with more than 3 GW (gigawatts) capacity in Tamil Nadu.
Jhunjhunwala's new airline may give Boeing chance to regain lost ground
Billionaire Rakesh Jhunjhunwala's plan to launch an ultra low-cost airline could give planemaker Boeing a chance to regain lost ground in India after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say.
Venture capital firms turn to India with China’s tech crackdown
Venture capital investors have a new favorite developing market. The value of venture deals in India surged to $7.9 billion in July, while China investments plummeted to $4.8 billion, according to data compiled by research firm Preqin.
Amazon hit with record EU data privacy fine
Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc's GDPR rules, as privacy regulators take a more aggressive position on enforcement.
Forex reserves down by $1.581bn to $611.149bn
The country's foreign exchange reserves declined by $1.581 billion to stand at $611.149 billion for the week ended July 23, RBI data showed on Friday. The reserves had reached a lifetime high of $612.730 billion after rising by $835 million in the previous week ended July 16, 2021.