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'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
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Is There An AI Bubble? Financial Institutions Sound A Warning
Lingering doubts about the economic promise of artificial intelligence technology are starting to get the attention of financial institutions that raised warning flags this week about an AI investment bubble.
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Trump Says Harvard University To Settle Government Dispute For $500 Million
President Donald Trump said Tuesday his administration was close to reaching a $500 million financial settlement with Harvard under which the elite academic institution would operate trade schools.
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Action Against Sonam Wangchuk Based On Credible Inputs: Ladakh Administration
Ladakh administration on Tuesday said that the allegations of victimisation of individuals, especially Sonam Wangchuk, are baseless as the action taken against him (Sonam Wangchuk) is based on credible inputs and documents.
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Visa Direct Tests Stablecoins for Instant Cross-Border Transfers
Visa has launched a pilot programme allowing banks and financial institutions to use stablecoins like USDC and EURC for pre-funding cross-border transfers. The move aims to free up working capital, reduce reliance on traditional currency accounts, and accelerate settlement times. Wider rollout is planned in 2026.
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Opinion | Nepal Gen Z Revolt: What Should India Do?
India has to find the right balance between not interfering and not remaining indifferent, while supporting peace and stability in Nepal by offering financial and institutional assistance to the new government.
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Google Confirms Plans for GCUL Layer-1 Blockchain Project for Financial Institutions
Google Cloud has unveiled the Google Cloud Universal Ledger (GCUL), a new Layer-1 blockchain designed for financial institutions. The platform will support asset tokenisation, cross-border settlements, and Python-based smart contracts, offering a neutral foundation for banks, exchanges, and payment firms. Backed by Google Cloud’s scale, GCUL aims...
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"Those Doing 'Dadagiri'...": Nitin Gadkari Jabs Trump Over Tariffs
Union Minister Nitin Gadkari on Saturday emphasised the need for India to boost exports and advance in technology to achieve economic self-reliance. He made the remarks while delivering a lecture at Visvesvaraya National Institute of Technology
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"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
OpenAI CEO Sam Altman warned the financial industry of a "significant impending fraud crisis" because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money.
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Delhi Orders Probe Into Rs 145-Crore 'Scam' In Jai Bhim Coaching Scheme
The Jai Bhim Mukhyamantri Pratibha Vikas Yojana, a scheme meant to fund free coaching at private institutes for underprivileged students during the Aam Aadmi Party government, is now at the centre of a political and financial controversy.
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US Imposes New Sanctions Targeting Iran oil Trade, Hezbollah, Treasury Dept Says
The United States imposed sanctions against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution, the Treasury Department said.
-
Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
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DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
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"My Tuition Being Used To Fund Genocide": US Student's Graduation Speech
A George Washington University (GWU) graduate has slammed the institution's financial ties to Israel and its role in what she called the "genocide" in Gaza.
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Sensex Falls 231 Points, Nifty Downs 49 Points Amid Mixed Global Cues
The domestic benchmark indices opened lower on Friday amid mixed global cues as selling was seen in the IT, financial services and pharma sectors in the early trade.
-
'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
-
Is There An AI Bubble? Financial Institutions Sound A Warning
Lingering doubts about the economic promise of artificial intelligence technology are starting to get the attention of financial institutions that raised warning flags this week about an AI investment bubble.
-
Trump Says Harvard University To Settle Government Dispute For $500 Million
President Donald Trump said Tuesday his administration was close to reaching a $500 million financial settlement with Harvard under which the elite academic institution would operate trade schools.
-
Action Against Sonam Wangchuk Based On Credible Inputs: Ladakh Administration
Ladakh administration on Tuesday said that the allegations of victimisation of individuals, especially Sonam Wangchuk, are baseless as the action taken against him (Sonam Wangchuk) is based on credible inputs and documents.
-
Visa Direct Tests Stablecoins for Instant Cross-Border Transfers
Visa has launched a pilot programme allowing banks and financial institutions to use stablecoins like USDC and EURC for pre-funding cross-border transfers. The move aims to free up working capital, reduce reliance on traditional currency accounts, and accelerate settlement times. Wider rollout is planned in 2026.
-
Opinion | Nepal Gen Z Revolt: What Should India Do?
India has to find the right balance between not interfering and not remaining indifferent, while supporting peace and stability in Nepal by offering financial and institutional assistance to the new government.
-
Google Confirms Plans for GCUL Layer-1 Blockchain Project for Financial Institutions
Google Cloud has unveiled the Google Cloud Universal Ledger (GCUL), a new Layer-1 blockchain designed for financial institutions. The platform will support asset tokenisation, cross-border settlements, and Python-based smart contracts, offering a neutral foundation for banks, exchanges, and payment firms. Backed by Google Cloud’s scale, GCUL aims...
-
"Those Doing 'Dadagiri'...": Nitin Gadkari Jabs Trump Over Tariffs
Union Minister Nitin Gadkari on Saturday emphasised the need for India to boost exports and advance in technology to achieve economic self-reliance. He made the remarks while delivering a lecture at Visvesvaraya National Institute of Technology
-
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
OpenAI CEO Sam Altman warned the financial industry of a "significant impending fraud crisis" because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money.
-
Delhi Orders Probe Into Rs 145-Crore 'Scam' In Jai Bhim Coaching Scheme
The Jai Bhim Mukhyamantri Pratibha Vikas Yojana, a scheme meant to fund free coaching at private institutes for underprivileged students during the Aam Aadmi Party government, is now at the centre of a political and financial controversy.
-
US Imposes New Sanctions Targeting Iran oil Trade, Hezbollah, Treasury Dept Says
The United States imposed sanctions against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution, the Treasury Department said.
-
Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
-
DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
-
"My Tuition Being Used To Fund Genocide": US Student's Graduation Speech
A George Washington University (GWU) graduate has slammed the institution's financial ties to Israel and its role in what she called the "genocide" in Gaza.
-
Sensex Falls 231 Points, Nifty Downs 49 Points Amid Mixed Global Cues
The domestic benchmark indices opened lower on Friday amid mixed global cues as selling was seen in the IT, financial services and pharma sectors in the early trade.
