American banking major Citibank on Wednesday committed an additional Rs 200 crore to support COVID-19 relief measures in India. The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be allocated towards immediate medical and humanitarian needs, Read More
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away.
Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record.
"Almost every state government Read More
A coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — China has ambitious goals for cutting its carbon emissions, but it won't be abandoning coal power anytime soon as it keeps its eye firmly on economic targets.President Read More
(This story originally appeared in on Apr 24, 2021)Macquarie Research has valued Citibank’s India retail business at around $2bn, based on their Basel III disclosures in the country. This makes India the most valuable business among the 10 markets in the Asia-Pacific where Citi plans to exit consumer Read More
Even as the COVID-19 pandemic rages on, India’s largest life insurer, Life Insurance Corporation collected its highest ever new business premium at Rs 1.84 lakh crore. It also paid out claims worth Rs 1.34 lakh crore to policyholders.
The insurer grabbed 81% shares of the total policies in March and Read More
India's oldest credit assessment company TransUnion Cibil has launched an eligibility score for new to credit customers who have never taken a loan or have used a credit card and hence have no formal credit history.
Such new to credit customers were historically difficult to assess because they have no Read More
(This story originally appeared in on Apr 20, 2021)NEW DELHI: A data breach in the servers of Domino’s, the pizza brand, has allegedly exposed sensitive information of its Indian users, according to Israel-based cybersecurity firm, Under The Breach.
The database with details of over 18 crore orders and sensitive Read More
Citigroup announced Thursday it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small. Citigroup will depart China, India and 11 other retail markets, where "we don't have the scale we need to compete," said Read More
When India's government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a message about its clout and foreshadowed changes to the world's energy maps.
It was a move that had Read More
Private lender on Tuesday faced intermittent glitches in its payments platforms with some users taking to the social media to complain about problems in processing transactions.
Some bank users complained that they were unable to access net banking or the mobile app.
It could not be immediately determined what Read More