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New Delhi: Congress senior leader Jairam Ramesh

Congress questions RBI's new policy to settle loans of "wilful defaulters"

Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and finance companies to settle loans of accounts classified as "wilful defaulters" by entering into compromise settlements or technically writing off the loans, and asked why it has changed its own rules with regards to frauds. Jun 14, 2023
Oracle Co-Founder and Executive Chairman Larry Ellison unveils Oracle's Gen 2 Cloud with autonomous capabilities, improved security and upgrades for enterprises.

Oracle founder Larry Ellison now world's 4th richest person

Oracle founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index, according to Bloomberg, CNN reported. Jun 13, 2023
Xiaomi

ED issues showcause notice to Xiaomi over FEMA violation; what does it mean [details]

The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore. Jun 9, 2023
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