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PREDATORY FINANCIAL SCHEMES
Proverb of the day: ‘When the fox preaches, look to your geese’ - A timeless wisdom on being aware of hidden motives and deceptionBeware of those who offer sweet words and promises, especially when they stand to gain from your trust. The timeless proverb of the day war...- One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millionsIran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for...
- When easy EMIs become a trap: 85% of struggling borrowers spend over 40% of their income often to predatory lendersA nationwide survey reveals thousands of Indian borrowers are trapped in debt due to easy credit, with 85% dedicating over 40% of their inc...
- Import price floor on cards for critical pharma inputsIndia is setting a minimum import price for essential drug ingredients. This move aims to shield local manufacturers from cheap imports, pa...
- India must continue to protect farmers' interest while negotiating trade deal: SBI reportIndia needs to safeguard its farmers during trade talks with the US. A US team will visit India for discussions. Concerns arise from the US...
- Karnataka govt mulls stringent laws to regulate microfinance companiesThe Karnataka government plans to enact tougher laws to control microfinance companies amid reports of loan recovery agent harassment leadi...
- View: Keep our small retailers up and runningIndia's retail market, valued at $820-840 billion in 2023, is driven by around 100 million micro and small retailers. These small businesse...
- Google for India: Tech giant unveils host of AI-powered features for users, businessesShivani Mohan, senior director, UX research, said Google is adding new capabilities to its generative AI experiment in Search, Search Gener...
- US files lawsuits against call centres, mostly from India, for making fake robocalls to AmericansIn each case, the Department of Justice sought an order immediately halting the defendants' transmission of unlawful robocall traffic. A fe...
- Metro Cash & Carry seeks level playing fieldThe German wholesale retailer has thrown its might behind mom-and-pop groceries and has demanded level-playing for the unorganised sector, ...
- Private brands businesses of e-tailers under scannerThe government has started scanning digital payments business of ecommerce giants Amazon & Flipkart. DPIIT has asked questions like the tot...
- CCI rejects Airtel's complaint against Reliance Industries, Reliance JioIn its today's order, CCI said Jio's conduct "has not been found as prima facie contravening the provisions of the (Competition) Act prohib...
- Reliable financial growth through innovative servicesWith already a presence in Mumbai, the institution is expected to open a slew of new branches in the city.
- Central scheme of free drugs gets a quiet burialJoint secretary (policy) in the health ministry confirmed that there will be no separate central scheme for free drugs and diagnostics anym...
- Government to keep an eye on airline discountsAnalysts don’t regard the campaigns as predatory pricing and believe these are born of necessity and that airlines need to innovate.
- Civil aviation ministry to start monitoring discount offers announced by airlinesThe airlines feel that such offers are nothing but ‘predatory pricing’ and will lead to further losses for the sector.
- Corporate frauds of Rs 10,800 crore detected by SFIOThe Serious Fraud Investigation Office has completed probes in 78 cases of corporate frauds since 2011-12 till June-end this year, Parliame...
- SpiceJet rallies 7% even as DGCA spikes Re 1 ticket offerSpiceJet's Re 1 ticket offer may have earned the carrier a stern cease-and-desist warning from the aviation regulator, but the stock is on ...
- SpiceJet floats Re 1 ticket, DGCA shoots it downThe carrier shot back that the offer can’t be predatory as it has only a 20% share of the market and that it clearly told customers that se...
- Banking sector gears up for more M&AsWhile the Centurion-Lord Krishna deal enters the final stage, Allahabad Bank is seen pitching for South Indian, Lakshmi Vilas.
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