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New Delhi: In response to a severe backlash against its new policies on foreign transactions, the Finance Ministry Friday clarified that any debit or credit card transactions of up to Rs 7 lakh made by individuals while abroad would be…

Photo used for representation purpose only. The government, on May 19, blinked on its plan to levy a 20% tax on overseas credit card spending from July 1, in the face of a furore from taxpayers as well as businesses, and decided to exempt…

Surat: On the streets of Surat — the hub of India’s diamond business — the word “mandi” echoes in every corner. Several companies manufacturing, processing and polishing the precious gemstone have sent their workers on a two-week “vacation”…

After reports of a Pune Woman losing Rs 24 lakhs after falling victim to a scam, another similar incident comes from a Gurugram techie. A software engineer working at an IT company in Gurugram Sector 102 fell victim to a massive scam,…

New Delhi: Artificial Intelligence-based systems were deployed to weed out mobile phone connections obtained using fake identification and about 37 lakh such connections were  disconnected so far, the government said Tuesday. According to…

Ian Clifford, a senior IT worker who has been on sick leave for the past 15 years, has taken legal action against tech giant International Business Machines (IBM) alleging discrimination. Clifford claims that IBM failed to increase his…

Mumbai: The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this financial year, its top executive told Reuters on…