The Indian rupee appreciated three paise to 77.52 against the US dollar (21.12 versus the UAE dirham) in the opening trade on Thursday as a positive trend in Indian equities and weak American currency overseas supported the rupee. However, rising crude oil prices in the international markets and continued foreign fund outflows kept the pressure […]
RBI cancels registration of 5 NBFCs due to irregular lending practices
The Reserve Bank said it has cancelled Certificate of Registration (CoR) of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations. Non-Banking Financial Companies (NBFCs) whose CoR stands cancelled are: UMB Securities Ltd, Anashri Finvest, Chadha Finance, Alexcy Tracon, and Jhuria Financial Services. The CoR of […]
Flyer’s Video vs SpiceJet As “Attempted Ransomware Attack” Delays Flights
New Delhi: SpiceJet pointed to an “attempted ransomware attack” as several of its flights were delayed and hundreds of passengers stranded at various airports this morning. While the air carrier said its IT team has “rectified the situation and flights are operating normally now”, a passenger tweeted a video, saying that they have been stuck […]