News for 'service regulations'

Helicopter on way to Gangotri crashes in U'khand, 6 dead

Helicopter on way to Gangotri crashes in U'khand, 6 dead

Rediff.com8 May 2025

The helicopter carrying a total of seven people, including the pilot, crashed on the Rishikesh-Gangotri National Highway at around 8:45 am.

Probe report flags no maintenance issues: Air India CEO

Probe report flags no maintenance issues: Air India CEO

Rediff.com14 Jul 2025

Air India's CEO defends the fitness of pilots and aircraft after a preliminary report into the crash of flight AI171 raised questions. He urged against premature conclusions as the investigation continues.

Hospitals Boost IT Spend to Fight Cyber Threats

Hospitals Boost IT Spend to Fight Cyber Threats

Rediff.com20 Jun 2025

The growing caution among hospitals is being driven by a rise in double-extortion ransomware attacks, AI-enabled phishing, deepfake fraud, and vulnerabilities in connected medical devices.

RBI considers fresh guidelines to curb mis-selling

RBI considers fresh guidelines to curb mis-selling

Rediff.com10 Jun 2025

Concerned over the rise in mis-selling of products by banks and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) is examining whether to come up with norms to curb such practices. Observing that pushing financial products, such as insurance, indiscriminately to unaware consumers may be detrimental to their well-being, RBI Deputy Governor M Rajeshwar Rao said, "We are examining whether it necessitates framing of guidelines to address mis-selling of financial products and services by REs (regulated entities)."

Savings on stamp duty draw HFTs to GIFT City

Savings on stamp duty draw HFTs to GIFT City

Rediff.com12 Jun 2025

Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Rediff.com22 May 2025

For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.

UGC sets up fact-finding panel to look into KIIT student suicides

UGC sets up fact-finding panel to look into KIIT student suicides

Rediff.com2 May 2025

The panel was constituted after a 20-year-old Nepalese student of the Kalinga Institute of Industrial Technology (KIIT) in Odisha's Bhubaneswar was found hanging from the ceiling fan of her hostel room.

'Short-Term Panic Influences Investor Behaviour'

'Short-Term Panic Influences Investor Behaviour'

Rediff.com21 Jul 2025

'Investors who remain calm, consistent, and disciplined through short-term volatility are usually the ones who benefit most in the long run.'

India's $100 Bn Gambling Black Hole

India's $100 Bn Gambling Black Hole

Rediff.com11 Jun 2025

'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'

Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute

Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute

Rediff.com4 Jun 2025

The dispute between Aakash Educational Services Ltd (AESL) and edtech firm Byju's has escalated, with Aakash filing a sharply worded petition before the National Company Law Tribunal (NCLT) in Bengaluru, alleging conflict of interest and professional misconduct by global consulting firm Ernst & Young (EY), according to court filings

Boardroom gaps: Public-sector undertakings' governance under lens

Boardroom gaps: Public-sector undertakings' governance under lens

Rediff.com12 Apr 2025

Stock exchanges' levy of penalties, ranging from Rs 3 lakh to Rs 12 lakh, on public-sector undertakings (PSUs) for lapses in board composition for the 2024-25 October-December quarter has brought forth issues of governance. Last month, 16 PSUs requested bourses to waive these penalties, arguing that these lapses were neither due to negligence nor within their control, as the appointment of directors is managed by the government.

Private Firms Can Be Involved In Stealth Fighter Project

Private Firms Can Be Involved In Stealth Fighter Project

Rediff.com19 Jul 2025

'An HAL-private sector tieup is a possibility.'

After crash, Mumbai BEST bus drivers caught with liquor

After crash, Mumbai BEST bus drivers caught with liquor

Rediff.com13 Dec 2024

These videos are in circulation after the horrific December 9 accident in which a wet-leased electric bus of the civic-run transporter ploughed into vehicles and people in Kurla West, killing seven and injuring 42.

Some equity research firms shutting shops after Sebi's guidelines

Some equity research firms shutting shops after Sebi's guidelines

Rediff.com22 Jan 2025

Markets regulator Sebi's new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock recommendations and illegal practices in the securities market.

PayPal receives RBI nod to operate as cross-border payment aggregator

PayPal receives RBI nod to operate as cross-border payment aggregator

Rediff.com28 May 2025

PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregatorross Borderxports (PA-CB-E). This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets, the company said in a statement.

Should You Take Possesion Of House Without An OC?

Should You Take Possesion Of House Without An OC?

Rediff.com14 May 2025

Taking possession without an OC can lead to legal complications, denial of utilities such as water and electricity, hurdles in availing home loans or reselling the property, and even eviction.

Outage hits SBI Bank customers; issue now resolved

Outage hits SBI Bank customers; issue now resolved

Rediff.com11 Mar 2025

SBI customers faced difficulties in accessing UPI and mobile banking services for more than four hours on Tuesday due to some "technical issues". The country's largest lender later said the technical issues have been fully resolved.

Govt tells e-com firms to audit dark patterns, submit yearly reports

Govt tells e-com firms to audit dark patterns, submit yearly reports

Rediff.com30 May 2025

The government on Wednesday asked e-commerce platforms to conduct annual internal audits to make sure that they are not resorting to manipulative tactics to mislead consumers and prevent them from making right choices -- a technique commonly referred to as dark pattern -- and submit reports to the Department of Consumer Affairs (DoCA). It comes just a week after Uber was issued a notice by the Central Consumer Protection Authority (CCPA) over its "advance tip" feature.

Why Lawyers Are Unhappy With ED Summons

Why Lawyers Are Unhappy With ED Summons

Rediff.com30 Jun 2025

'In no way can an advocate be considered responsible for his or her client's actions.'

Will German Visa Rules Affect Students?

Will German Visa Rules Affect Students?

Rediff.com10 Jun 2025

Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.

LIC Hits Back At USTR Bias Claim

LIC Hits Back At USTR Bias Claim

Rediff.com5 Apr 2025

LIC said USTR's views are based on an incomplete understanding of Indian insurance regulation and LIC's functioning.

'One Can't Monopolise Captain Cool'

'One Can't Monopolise Captain Cool'

Rediff.com18 Jul 2025

If the 'Captain Cool' trademark goes through, it could trigger a wave of similar attempts by celebrities to trademark nicknames given to them by fans.

RBI to focus on enhancing cyber resilience and capabilities of SEs

RBI to focus on enhancing cyber resilience and capabilities of SEs

Rediff.com29 May 2025

The Reserve Bank on Thursday affirmed its commitment to continue with its supervisory measures aimed at early identification of risks and vulnerabilities. The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, it said in its annual report.

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Rediff.com8 May 2025

Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.

Gensol promoters used firm like personal piggy bank: Sebi

Gensol promoters used firm like personal piggy bank: Sebi

Rediff.com17 Apr 2025

Gensol Engineering's promoters treated the listed company as a proprietary firm, diverting corporate funds to buy a high-end apartment in The Camellias, DLF Gurgaon, splurging on a luxury golf set, paying off credit cards, and transferring money to close relatives, Sebi revealed in its interim order.

What then PM Manmohan Singh told I&B minister about media approach

What then PM Manmohan Singh told I&B minister about media approach

Rediff.com29 Aug 2024

Then prime minister Manmohan Singh's brief to his new information and broadcasting minister Manish Tewari on what should be the government's approach to the media was simple -- it should be an essay in persuasion, not coercion.

AI 171 Crash: Fear Lingers Among Pilots

AI 171 Crash: Fear Lingers Among Pilots

Rediff.com1 Jul 2025

'This (crash) is one of those times where there is no concrete explanation yet for what happened. I think that adds to my parents' worry.'

Address grievance redressal promptly, RBI guv tells banks

Address grievance redressal promptly, RBI guv tells banks

Rediff.com19 Mar 2025

'In this age of competition, we will not survive long if we do not provide quality service to our consumers'

Mongolia: AI's new shortcut to North America to cut Pak costs

Mongolia: AI's new shortcut to North America to cut Pak costs

Rediff.com13 May 2025

Besides, the carrier is having a technical stop in Kolkata for some of the North America flights from Delhi, they added.

Jio Financial gets Sebi nod for mutual fund business

Jio Financial gets Sebi nod for mutual fund business

Rediff.com27 May 2025

Jio BlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock, has received regulatory approval from the capital market regulator Sebi to commence operations as an investment manager for its mutual fund business. The Securities and Exchange Board of India (Sebi), vide letter dated May 26, 2025, has granted the certificate of registration to 'Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for Jio BlackRock Mutual Fund, JFSL said in a regulatory filing.

What DGCA Wants AI To Check Before B787 Flights

What DGCA Wants AI To Check Before B787 Flights

Rediff.com14 Jun 2025

The DGCA directive called for a series of specific checks before each flight's departure from India, including inspection of fuel parameter monitoring systems, cabin air compressors, and electronic engine control units.

AI 171 Crash: Insurance Cost: $475 Million

AI 171 Crash: Insurance Cost: $475 Million

Rediff.com1 Jul 2025

'$125 million for the hull and the remaining of over $350 million for liability.'

RCB moves Karnataka HC against CAT's stampede order

RCB moves Karnataka HC against CAT's stampede order

Rediff.com9 Jul 2025

RCB claimed that CAT's order didn't adhere to the principles of natural justice.

If Your Mutual Fund Shuts, Is Your Money Safe?

If Your Mutual Fund Shuts, Is Your Money Safe?

Rediff.com16 Jul 2025

Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.

Bank Deposit Insurance May Be Hiked From 5 Lakh To...

Bank Deposit Insurance May Be Hiked From 5 Lakh To...

Rediff.com2 Jun 2025

The revised ceiling will be within the Rs 10 lakh mark.

Ola Electric Hits Speed Bumps On Road to Future

Ola Electric Hits Speed Bumps On Road to Future

Rediff.com19 Jun 2025

Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.

14 killed in massive fire at Kolkata hotel, safety lapses exposed

14 killed in massive fire at Kolkata hotel, safety lapses exposed

Rediff.com1 May 2025

A massive fire that tore through a budget hotel in the congested Mechuapatti area of Burrabazar in central Kolkata on Tuesday night claimed at least 14 lives and left 13 injured, triggering a political blame game and calls for accountability.

Gen Munir turned against my wife after...: Imran Khan

Gen Munir turned against my wife after...: Imran Khan

Rediff.com4 Jun 2025

Khan said the events of May 9, 2023, in which military installations were targeted, were in fact a part of the "London Plan"- the sole purpose of which was to "eliminate Pakistan's largest political force, the Pakistan Tehreek-e-Insaf".

Punjab police raid 1,274 immigration firms, 7 illegal travel agents held

Punjab police raid 1,274 immigration firms, 7 illegal travel agents held

Rediff.com26 Feb 2025

Punjab Police conducted raids and search operations at 1,274 immigration firms across the state to protect aspiring immigrants from falling prey to unscrupulous travel agents. The massive operation, carried out on the directions of Director General of Police Gaurav Yadav, was a response to the recent deportation of illegal Indian immigrants by the US. Many of the deportees from Punjab and Haryana have alleged they were duped by travel agents who promised legal entry to the US but instead used the "donkey route" - an illegal and risky pathway. Police have registered 24 FIRs against travel agents and arrested seven. The operation was conducted under the Punjab Travel Professionals' Regulation Act, 2012, which mandates travel agents to obtain a license, maintain records, and comply with other regulations. The police advised citizens to verify travel agents' credentials before entrusting them with documents and money.

Regulation doesn't take away minority status: SC on AMU

Regulation doesn't take away minority status: SC on AMU

Rediff.com9 Jan 2024

Merely because an educational institution is regulated by a statute does not take away from it the character of a minority institution, the Supreme Court observed on Tuesday as it commenced hearing the vexed question of minority status of Aligarh Muslim University (AMU).