New bill would effectively ban Apple Inc, Microsoft Corp, Amazon.com Inc, Alphabet Inc's Google and Facebook Inc from any deals and would attempt to stop their platforms from favouring their own products over those of rivals.

The episode, which analysts have said could cost the Swiss bank several billion dollars, is also expected to result in the departures of Chief Risk Officer Lara Warner and Brian Chin, the bank's investment banking head, the sources said

Switzerland's No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to Archegos, said Chief Risk Officer Lara Warner and Brian Chin, the bank's investment banking head, were stepping down following the losses

The RBI has given yet another relief of six-month to debit and credit card customers who have given standing instructions to third-party service providers for bill payments. These recurring payments up to Rs 5,000 will continue to get debited cards, but only till September this year. As per RBI's direction, the third-party service providers and the regulated banks and card issuers have to integrate their technology systems to protect the interest of the customer who is often charged without any prior intimation or have to run around for refunds. The big private banks are already ready for the technology integration., but the hundreds of service providers like  OTT players or utility companies and App-based Fintech players are yet not ready in terms of the technology as the e-mandate information has to flow from the service provider to the bank and vice-a-versa. Watch as Anand Adhikari, Executive Editor, Business Today explains the options to avoid debit failures on utility bills or subscription payments after September.Also Read: Byju's acquires Aakash Educational Services for $1 billion

Particularly within SBI Card, now, more than 53 per cent of the spends actually come from online payments which used to be around 44 per cent earlier,\" said SBI Card MD and CEO Rama Mohan Rao Amara

When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon

Credit Suisse and Nomura were slower than rivals to cut their exposure to the fund. Global lenders that acted as brokers for Archegos may have to write down more $6 billion after the fund defaulted on payments

A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government

Registration and consent form for Covid-19 vaccination issued by Mauritius health ministry requires beneficiaries to waive all claims against the country, GAVI Alliance, donor states, vaccine makers and agents for adverse events following immunisation

Every person who has been allotted PAN as of 1 July 1, 2017 and who is eligible to obtain Aadhaar number is required to link his PAN to Aadhaar

Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the Centre and states combined collect over Rs 5 lakh crore tax on petroleum products

Significantly, 45 per cent of global CEOs don't expect to return to normalcy in 2021, while only one-third (31 per cent) are anticipating a return to normal in 2021.

FM Sitharaman, while moving the bill for consideration and passage, said that expanding the FDI limit in the insurance sector to 74% was necessary as it will help insurers deal with matters regarding financial stress

Stock Market News Update Today: Tech Mahindra, Tata Consultancy Services, Sun Pharmaceutical Industries, Dr. Reddy's Laboratories and Infosys were among notable gainers, while IndusInd Bank, Power Grid Corporation of India, ICICI Bank, HDFC Bank, Axis Bank, Reliance Industries were among top losers

The passage of the American Dream and Promise Act of 2021, by the House on Thursday by 228-197 votes, was welcomed by the President Joe Biden, who described it as a critical first step in reforming the country's immigration system

Stock Market News Update Today: NTPC was top gainers in BSE Sensex pack, followed by HUL, Power Grid Corporation of India, ITC, Reliance, Nestle India, among others

Finance Minister Nirmala Sitharaman asserted that higher foreign investment in insurance industry will supplement domestic long-term resources as well as facilitate insurance penetration in the country

Currently, FDI limit in life and general insurers is capped at 49 per cent, with only Indians allowed to hold ownership and management controls. The bill, once approved, will pave the way for increasing this limit to 74 per cent

\"The demand for LED TV is going down because prices are increasing and if the government will not intervene right now, I think it will be very difficult for existing small TV manufacturing companies to survive,\" said Avneet Singh Marwah, Director and CEO, Super Plastronics

The government of India has already been taking steps to encourage television manufacturing in India. In July last year, the cabinet imposed restrictions by changing the import policy for colour televisions from free to restricted