HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
'It is never easy to run a campaign as a woman, particularly a minority woman, especially when you are bucking the establishment.' 'My entire campaign is an act of resistance.'
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
The agency said, 'The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows.'
The Wayanad MP, who is on two-day visit to his constituency in poll-bound Kerala, also took on Prime Minister Narendra Modi on MGNREGA.
The only path to recovery of the economy lies in profit growth that triggers off employment growth, and finally investment, notes Ajay Shah.
Many offered to help the couple financially and others announced plans for lunch at Baba Ka Dhaba.
BCCI moves second ODI against Windies from Wankhede to CCI
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
A complex holding structure and unrelated businesses clubbed under one roof could have been the reasons that prompted investors to shun the stock, experts say. These are likely to impact the company's ability to raise funds, too, they add.
This will help to address short-term liquidity problems.
Shalini, 17, who helps her mother as a maid servant in five houses, while juggling studies, scored 84.8 per cent in science stream.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
He said the ISRO scientists have a very strong spirit of working and will not rest till the objective is met.
World Wrestling Entertainment Inc was sued on Monday by Jimmy "Superfly" Snuka and dozens of other retired male and female wrestlers seeking to hold it responsible for neurological injuries they claimed to suffer by participating in its bouts.
A new study highlights the difficulty young people face while trying to balance career and achieve parenthood at an age when they are most fertile.
Delhi Chief Minister Sheila Dikshit told reporters problems faced by people in opening bank account using the unique identity card Aadhaar was raised by most of the chief ministers in the meeting.
Why do people underestimate the difficulty of making money in the financial markets?
What do we know about India's devastating second wave, and can we assign responsibility for it?
'Of the 202 debates, 79 were around attacking Pakistan and 66 attacking the Opposition and Nehru.' 'The PMC Bank scam where thousands of depositors lost their savings got just one,' points out Vanita Kohli-Khandekar.
We need to take special steps to provide resources to the developing countries.
The financial crisis, which a year ago seemed to be localised in one part of the financial system in the US, has exploded into a systemic crisis
A bench headed by Justice L Nageswara Rao directed the state governments to get help from the National AIDS Control Organisation (NACO) and legal services authorities to identify sex workers and maintain confidentiality pertaining to the identity of sex workers.
Taking note of the difficulties faced by the media industry due to the financial crisis, the government on Saturday said it will shortly announce a stimulus package for the sector.
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue losses on account of GST for 2019-20.
Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms
Planning in India will need to change to take account of a more volatile global economy.
'You can ignore someone's passion, but how can you taunt someone for being obsessed with achieving greatness in her/his chosen field?'
The ruling BJP losing Chhattisgarh, Madhya Pradesh and Rajasthan, or being able to retain power only in Chhattisgarh may result in a "sharp correction" in the indices
While there has been a rash of growth estimate cuts, including a 0.70 percentage point reduction by the RBI last month to 6.1 per cent, the Japanese brokerage's estimate is so far the lowest.
Domestic stalwart Ashok Malhotra, who is also the president of Indian Cricketers' Association (ICA), said that four months of Ranji Trophy in a bio-bubble was never going to be a sustainable idea.
There was no announcement from the government on guaranteeing a minimum basic income, which is the need of the hour. The announcements on portability of ration cards and affordable rental housing to workers are for the long and medium terms. Migrant workers need immediate relief.
While investing in mutual funds, it is essential that you focus on the turnover rate percentage of a mutual fund, which is bought and sold every year.
In the video, which runs over nine minutes and was posted on Ines Ibbou's Instagram page, the world number 620 starts with "Dear Dominic" and goes on to talk about the difficulties she has had to endure and the sacrifices she needed to make in her career.
An online survey conducted across US, Brazil, China, France, Germany, India, Italy, Japan, Russia and the UK by CareerBuilder has revealed the job profiles that take longer time to fill in. Read on for details
Besides higher tax outgo, P-note issuers are worried about operational difficulties
'The Insolvency and Bankruptcy Code cleans up non-performing assets and puts companies in capable and credible hands.'
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