Business & Economy

June 24, 2024 6:02 PM

Cyber attack compromised Indonesia data centre, ransom sought

A cyber attacker compromised Indonesia's national data centre, disrupting immigration checks at airports, and asked for an $8 million ransom, the country's communications minister told Reuters on Monday. The attack disrupted several government services, most notably at airports last week, with long...

September 16, 2024 6:14 PM

Apple charged with breaching EU tech rules, faces another probe

European Union antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers. The European Commission, which is also the EU's antitrust ...

June 25, 2024 2:21 PM

EU adopts new sanctions against Russia, including LNG

European Union countries adopted a 14th package of sanctions on Russia that aims to close some circumvention loopholes and hits Russia's gas exports for the first time, EU foreign affairs ministers said in a statement on Monday. Western powers imposed sweeping sanctions on Moscow after Russia launc...

June 24, 2024 11:02 AM

Asia shares slip as inflation, politics call for caution

Asia shares slipped on Monday in a countdown for U.S. price data that investors are banking on to show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention as the dollar tested the 160 yen barrier. Geopolitics also loomed large, with the first U.S. presi...

June 24, 2024 10:38 AM

BIS introduced new safety standards for EVs in India

The Bureau of Indian Standards (BIS) introduced two new guidelines aimed at enhancing the safety of electric vehicles in the L, M, and N categories. L refers to two-wheelers, while the M and N categories correspond to four-wheelers and goods trucks, respectively. These new sets of rules, called ...

September 16, 2024 6:15 PM

Stock markets begin week on a cautious note with key indices slipping into red

The stock market began the week on a subdued note as key indices opened lower on Monday. The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42 per cent decrease. The initial ho...

June 23, 2024 1:52 PM

GST exemption granted to platform tickets and essential railway services

Finance Minister Nirmala Sitharaman announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for mid to late August. GST Council proposes exemption for specific services offered by Indian Railways to the general public, as well as for intra-railway tra...

June 21, 2024 5:32 PM

Sensex, Nifty end lower on profit booking

Indian benchmark indices experienced high volatility as investors booked profits on the last trading session of the week. Both Nifty and Sensex closed with marginal declines. The Nifty 50 index, which touched a new high early in the session, closed at 23,501.10, down 65 points. The BSE Sensex fell ...