News for 'customer protection'

Want to protect your bank deposits? Here's how

Want to protect your bank deposits? Here's how

Rediff.com6 Jul 2015

Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.

2 Indians among 5 arrested by US border authorities

2 Indians among 5 arrested by US border authorities

Rediff.com2 Mar 2023

Two Indian nationals were among five persons arrested by United States border authorities after they were apprehended for illegally crossing into the country from Canada by boat.

China bids to legitimise claim over Tibet through...

China bids to legitimise claim over Tibet through...

Rediff.com19 May 2023

China is trying to legitimise its claim over Tibet through museums, and cultural institutions in the region, according to Tibet Rights Collective.

China providing technology, equipment to Russia: US intel

China providing technology, equipment to Russia: US intel

Rediff.com28 Jul 2023

China is also providing supertankers and insurance coverage to move Russian Urals crude to PRC ports, as Moscow seeks vessels for exports after a G-7 oil price cap restricted the use of Western cargo services and insurance.

BoB-Dena-Vijaya Bank merger: What it means for their customers

BoB-Dena-Vijaya Bank merger: What it means for their customers

Rediff.com24 Dec 2018

The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.

6 smart ways to protect your business legally

6 smart ways to protect your business legally

Rediff.com16 Jan 2015

It will be safe to incur these costs initially to prevent any problems in the future, which would be far more expensive, in terms of money, time and effort.

Sebi opens doors for MF investment platforms to charge transaction fee

Sebi opens doors for MF investment platforms to charge transaction fee

Rediff.com21 Dec 2022

Online mutual fund (MF) investment platforms like Groww, Zerodha Coin and Paytm Money, which allow investments in direct MF schemes for free, will soon be able to charge their customers or the fund houses for executing transactions. "They can charge some money but commission-like structure won't be allowed," Madhavi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), said on Tuesday. At present, none of these online investment platforms generate any revenue through the MF sales.

'Public AI infrastructure we create would help startups'

'Public AI infrastructure we create would help startups'

Rediff.com9 Jan 2024

'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'

Mercedes, Audi to hike prices to offset rising input costs

Mercedes, Audi to hike prices to offset rising input costs

Rediff.com2 Dec 2021

German luxury carmaker Mercedes-Benz India on Thursday said it will hike prices of select models by up to two per cent from January 1, 2022, to offset feature enhancement and rising input costs. At the same time, Audi announced a price increase of up to 3 per cent across its entire model range, effective from January 1 next year. Mercedes, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models.

Thousands of toys from Hamleys, Archies fail quality test

Thousands of toys from Hamleys, Archies fail quality test

Rediff.com12 Jan 2023

The government on Thursday said 18,600 toys have been seized in the last one month from major retail stores, including those of Hamleys and Archies, at airports and malls across India for lack of BIS quality mark and use of fake licences. Meanwhile, consumer protection regulator CCPA has also issued notices to three major e-commerce players -- Amazon, Flipkart and Snapdeal -- for alleged violation of toys quality control order, it said. Since January 1, 2021, the government has made it mandatory for toys to conform with safety norms specified by the Bureau of Indian Standards (BIS), a national standard setting body.

Bournvita asked to remove misleading ads amid row

Bournvita asked to remove misleading ads amid row

Rediff.com26 Apr 2023

The notice came after a social media influencer sparked a row by posting a video alleging that Bournvita has high sugar content.

SEE: And a restobar opens...

SEE: And a restobar opens...

Rediff.com8 Sep 2020

The restaurant industry, one of the worst-hit by the pandemic and lockdown, is slowly trying to get back on its feet.

Insurance companies yet to see fire sale of high-value life policies

Insurance companies yet to see fire sale of high-value life policies

Rediff.com8 Mar 2023

Many life insurance companies are yet to see a sharp spike in the sale of high-value policies as was widely expected in the aftermath of the government's decision to tax income from insurance policies having an aggregate premium above Rs 5 lakh in a year.

Read All Contracts Carefully!

Read All Contracts Carefully!

Rediff.com24 Mar 2023

Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.

How best to protect your identity from thieves

How best to protect your identity from thieves

Rediff.com14 Nov 2017

Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.

Hackers attack ICMR website around 6,000 times in a day

Hackers attack ICMR website around 6,000 times in a day

Rediff.com6 Dec 2022

The attempted attack on the ICMR website was prevented by the firewall/security measures of NIC, they said, adding further steps are being taken to enhance cyber security.

Truckers' stir turns violent in Rajasthan; fuel rush across many states

Truckers' stir turns violent in Rajasthan; fuel rush across many states

Rediff.com2 Jan 2024

Petrol pumps in many cities witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists.

RBI plans to speed up cheque clearance. Here's how

RBI plans to speed up cheque clearance. Here's how

Rediff.com6 Feb 2020

The cheque truncation system, which is currently operational at the major clearing houses of the country, has stabilised well and it has made large efficiency gains: RBI

The Battle For Satellite Spectrum

The Battle For Satellite Spectrum

Rediff.com27 Dec 2023

While the market for satellite broadband currently is small, the potential is large as an estimated 30 per cent of the country does not have reliable terrestrial broadband services.

Indian drug firm recalls eye drop linked to vision loss in US

Indian drug firm recalls eye drop linked to vision loss in US

Rediff.com3 Feb 2023

Global Pharma Healthcare is recalling entire lots of eye drop linked to vision loss in the US, according to the US Food and Drug Administration. The Chennai-based company is recalling all lots of artificial tears lubricant eye drops distributed by EzriCare, LLC and Delsam Pharma to the consumer level due to possible contamination, the US health regulator said in a statement. "The Centres for Disease Control and Prevention (CDC) alerted FDA to an investigation of a multi-state cluster of Verona Integron-mediated Metallo--lactamase (VIM)- and Guiana-Extended Spectrum--Lactamase (GES)- producing carbapenem-resistant Pseudomonas aeruginosa (VIM-GES-CRPA) infections possibly associated with the use of the artificial tears manufactured by Global Pharma Healthcare," USFDA said.

CBI not liable to furnish any information under RTI Act: Kerala HC

CBI not liable to furnish any information under RTI Act: Kerala HC

Rediff.com7 Nov 2022

The case lodged against him by one of the Customs officials is pending before the special judge, Thiruvananthapuram.

Prescriptions a must to buy ayurveda drugs online, says consumer body

Prescriptions a must to buy ayurveda drugs online, says consumer body

Rediff.com14 Jul 2022

The Central Consumer Protection Authority (CCPA) on Thursday directed e-commerce entities to sell specified ayurveda, siddha and unani drugs only after customers upload valid medical prescriptions from registered doctors on the platforms.

Acid test for specialty chemical firms: Mix of weak demand, low realisations

Acid test for specialty chemical firms: Mix of weak demand, low realisations

Rediff.com7 Aug 2023

The weak April-June quarter (first quarter, or Q1) results of the largest listed specialty chemical maker, SRF, and multiple global headwinds for the sector are expected to weigh on the prospects of Indian specialty chemical companies in 2023-24 (FY24). Stocks in the sector (down 7-18 per cent) have underperformed the benchmarks (up over 10 per cent) in the past three months, and given the multiple challenges, the trend is likely to continue. Kotak Institutional Equities expects a very weak quarter (Q1FY24) for the sector due to destocking, demand weakness across certain critical end-use industries, and price erosion amid intense competition from Chinese suppliers.

UK regulator probes Air India's data leak impacting 4.5 mn passengers

UK regulator probes Air India's data leak impacting 4.5 mn passengers

Rediff.com26 May 2021

EU and UK laws require airlines to incorporate data protection measures and report data breach to regulators within 72 hours. Non-compliance can invite steep fines.

SC rejects legal status for same-sex marriage, bats for queer rights

SC rejects legal status for same-sex marriage, bats for queer rights

Rediff.com17 Oct 2023

Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.

Trai to update quality of service parameters soon; to meet telcos next month

Trai to update quality of service parameters soon; to meet telcos next month

Rediff.com6 Jul 2023

State-level reports every quarter for service quality and artificial intelligence-based solutions may be officially mandated as part of a set of more stringent, updated quality-of-service (QoS) norms by the Telecom Regulatory Authority of India (Trai) soon. The new norms will also factor in user experience for 5G networks, officials informed Business Standard. In February, Trai asked telecommunication (telecom) service providers (TSPs) to submit updates on measures taken to reduce call drops and lags and raise the quality of connection.

Chinese toys popular in India seized in US for having dangerous chemicals

Chinese toys popular in India seized in US for having dangerous chemicals

Rediff.com22 Oct 2021

The US Customs and Border Protection (CBP), ahead of the holiday shopping season, warned consumers to be extra diligent while shopping online for children's toys after the recent seizure of toys that were coated in unsafe levels of lead, cadmium and barium.

China Reopens Borders After 3 Years

China Reopens Borders After 3 Years

Rediff.com10 Jan 2023

Thousands of travelers began to fly in and out of mainland China as Beijing removed almost all of its border restrictions.

Wadia-owned Go First files for insolvency, suspends flights for 3 days

Wadia-owned Go First files for insolvency, suspends flights for 3 days

Rediff.com2 May 2023

Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.

17 Indians among 100 migrants held while illegally crossing into US

17 Indians among 100 migrants held while illegally crossing into US

Rediff.com2 Sep 2022

Seventeen Indian citizens were among a group of 100 migrants apprehended while illegally climbing over a fence into the United States at a border post in California, authorities said.

Crude shipments from US on the rise

Crude shipments from US on the rise

Rediff.com5 Dec 2022

Crude oil shipments from the US to India rose to the highest levels in November since the conflict began in Ukraine in late February, sparking hopes of a resurgence in oil flows from the US to the subcontinent, reveals shipping data. Shipments from the US have surged as Western nations prepare to impose additional sanctions on Russian crude flows. The US shipped around 450,000 barrels per day of crude last month to India, twice that of shipments in October, according to data from London-based commodity intelligence provider Vortexa.

California senate panel passes bill to end caste bias

California senate panel passes bill to end caste bias

Rediff.com26 Apr 2023

Major Indian businesses and temples issued a joint statement opposing the proposed California Caste Bill SB 403.

Lessons For Banks To Learn From SVB Collapse

Lessons For Banks To Learn From SVB Collapse

Rediff.com5 Apr 2023

The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.

The World Today In Pictures

The World Today In Pictures

Rediff.com28 Jul 2022

Six images from around the world.

PHOTOS: Salons reopen in Mumbai after 3 months

PHOTOS: Salons reopen in Mumbai after 3 months

Rediff.com28 Jun 2020

The parlours and salons falling under the COVID-19 containment zones did not open.

El Nino effect: Agrochem companies may face near-term headwinds

El Nino effect: Agrochem companies may face near-term headwinds

Rediff.com6 Mar 2023

Domestic-focused agricultural chemical (agrochem) companies could face near-term headwinds, given the worries on the El Nio effect on monsoons, higher inventory, and pressure on margins. Some of these were reflected in the October-December quarter (third quarter, or Q3) results of companies and may impact them in the current quarter (fourth quarter, or Q4) as well. Nuvama Research pointed out that the sector witnessed mixed performance during the quarter as global agrochem and domestic fertiliser companies maintained growth momentum, while adverse agronomical conditions and excess channel inventory weighed on domestic market volume offtake.

Tata Motors to hike passenger vehicle prices from Jan 19

Tata Motors to hike passenger vehicle prices from Jan 19

Rediff.com18 Jan 2022

Tata Motors on Tuesday said it will increase prices of its passenger vehicles by an average of 0.9 per cent with effect from January 19, in order to partially offset the impact of rise in input costs. The Mumbai-based automaker sells various models like Tiago, Punch and Harrier, in the domestic market. Effective January 19, 2022, an average increase of 0.9 per cent will be implemented, depending on the variant and model, the automaker said in a statement.

UEFA to refund Liverpool fans after CL final chaos

UEFA to refund Liverpool fans after CL final chaos

Rediff.com7 Mar 2023

The final was delayed by 36 minutes after thousands of Liverpool supporters were unable to get into the Stade de France for the match

6 cops among 12 hurt after violence during Muharram processions in Delhi

6 cops among 12 hurt after violence during Muharram processions in Delhi

Rediff.com30 Jul 2023

Twelve people, including six police personnel, were injured in the clashes, they said.

'Private equity can transform banks'

'Private equity can transform banks'

Rediff.com22 Mar 2021

'Facilitating conversion of well-run NBFCs into banks is urgently needed.'