2026

MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model providers, warning that a common technology dependency could allow a disruption at one provider to spread across multiple financial institutions.Speaking at the Global Fintech Fest in Mumbai on Wednesday, Jain said…

BENGALURU: Cognizant’s US green-card filings have been suspended amid an investigation into potential fraud and misuse of employment visa programmes, Anthony D’Esposito, inspector general at US Department of Labor, said in a post on X. “Fighting fraud is a Team Sport…..Threats to American workers will not be tolerated. Alongside @WHFraudTF, we’re following facts, fraud and…

MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to about 5.3% of its equity base, from 6% planned earlier. The stocks will be offered in a price band of Rs 1,700 to Rs 1,785 per share, people in the know…

Apple’s first foldable phone NEW DELHI: Apple on Wednesday entered the foldable smartphone market with iPhone Duo, priced at Rs 2,99,900, taking on Samsung, Google and Chinese brands in a category it had stayed away from even as rivals spent years refining the form factor.The book-style device has a 5.5-inch outer screen and unfolds into…

Merchandise exports rose 17.04% to $173.78 billion during April-July, while imports climbed 19.27% to $292.38 billion. India’s merchandise exports have grown by more than 15 per cent in the first five months of the current fiscal despite a challenging global trade environment, Commerce and Industry Minister Piyush Goyal said on Wednesday.The union minister said the…