HDFC Bank to migrate its core banking system to a new platform on July 13

HDFC Bank will undertake a system upgrade on July 13, wherein it will migrate its core banking system (CBS) to a new engineered platform to enhance customer experience, the bank said on Monday. The migration will allow the bank to improve performance speed, expand capacity to handle high traffic volume, and boost reliability and scalability, … Read more

Health insurer Niva Bupa files IPO papers to raise up to Rs 3,000 crore

Indian health insurer Niva Bupa has filed for an initial public offering (IPO) to raise up to Rs 3,000 crore (nearly $360 million), draft papers showed on Monday.  The company, majority owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to Rs 8 crore as part of the offering. … Read more

Modi in Space! PM can fly to space via Gaganyaan mission, says ISRO Chairman Somnath

Modi in Space! Prime Minister Narendra Modi can fly to space when India’s first human mission, ‘Gaganyaan’ will become operational, said Indian Space Research Organisation (ISRO) Chairman S Somnath while expressing pride in taking the head of state to space. “While he (PM Modi) certainly has many other, more critical responsibilities, developing a human spaceflight … Read more

Govt begins anti-dumping probe into glass fibre imports from China, Bahrain | News

India has initiated an anti-dumping probe into the import of glass fibre from China, Thailand, Bahrain following a complaint by a domestic player. The duty is aimed at protecting the domestic industry from cheap imports. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of glass fibres and … Read more

Investment holding companies rally after Sebi delisting framework

Investment holding companies (IHC) rallied on Friday following the announcement of an alternative framework for their delisting. Shares of Kalyani Investment, Bombay Burmah, and Summit Securities surged between 7 per cent and 11 per cent. The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the … Read more

Delhi Airport disaster raises concern over Modi’s building spree

The deadly roof collapse at India’s busiest airport is the latest in a string of recent infrastructure disasters in the country, raising safety questions as Prime Minister Narendra Modi spends billions of dollars to improve transportation across the country. Officials at Delhi’s airport canceled operations at Terminal 1 after an outdoor metal canopy collapsed during … Read more

Why online gaming companies are under scanner over cashbacks

The Directorate General of GST Intelligence (DGGI) has issued new summons to several online gaming companies, including Delta Corp, which runs Adda52, seeking details about cashback offered to players since October 2023, according to sources familiar with the matter. The DGGI’s Gurgaon office is investigating the practice of reimbursing taxed money to players as cashback … Read more