MUMBAI: An uptick in inflation is starting to “take a toll” on consumers who are increasingly becoming more mindful in terms of spending, Procter & Gamble (P&G) India said on Tuesday, projecting short-term headwinds to growth amid macro-economic risks. “Inflation is all around us, across food, energy, healthcare and so many more areas of everyday…
NEW DELHI: CERT-In has issued new cybersecurity guidelines that will require technology vendors to adopt AI-assisted security testing, disclose critical vulnerabilities immediately and significantly accelerate patch deployment across India’s digital ecosystem.The framework applies to OEMs, software vendors, cloud service providers, managed service providers and other technology suppliers operating in the country. The move comes as…
MUMBAI: Yum Brands is selling struggling fast food chain Pizza Hut in a $2.7 billion deal to two entities, the American company said on Tuesday. As part of the transactions, the Pizza Hut business excluding Mainland China will be bought by private equity (PE) firm LongRange Capital for nearly $1.5 billion while the China operations…
MUMBAI: Reserve Bank of India has finalised its consumer protection framework under responsible business conduct guidelines, tightening rules on mis-selling, deceptive digital practices & unauthorised bundling, and shifting to a prescriptive regime.The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture…
File photo US President Donald Trump on Tuesday said Washington would soon be in a position to reimpose sanctions on Russian oil shipments after crude flows resumed through the Strait of Hormuz following a deal with Iran to end the Middle East conflict.Speaking on the sidelines of the G7 summit in France, Trump said, “Soon…
Shares of Elon Musk‘s SpaceX surged more than 14 per cent on Tuesday, pushing the company’s market valuation above that of Amazon and briefly ahead of Microsoft, as investors continued to pile into the newly listed stock.SpaceX shares were last trading at around $220, up 14.3 per cent on the day and more than 62…
India is said to be exploring rare earth samples from Russia as it steps up efforts to diversify critical mineral supply chains away from China.State miner IREL is in talks with Rosneft on sourcing samples from the Tomtor deposit in Siberia, which the Russian oil major acquired last year. The discussions are being routed through…
The rupee ended 2 paise lower at 94.60 against the US dollar on Tuesday, breaking a two-session gaining streak despite easing crude oil prices and optimism surrounding a peace agreement between the United States and Iran.At the interbank foreign exchange market, the domestic currency opened at 94.69 against the greenback and moved in a range…
NEW DELHI: Air India airlines on Tuesday announced their ‘basic fare option’ which will not include complementary meals on domestic flights. This decision comes as the airlines deals with rising operating costs and overall losses.The airline said the newly introduced Basic fare will be entirely optional, while passengers will continue to have access to the…
US stocks traded near record levels on Tuesday, with the Dow Jones Industrial Average touching an intraday all-time high as falling oil prices and optimism over a US-Iran peace deal lifted investor sentiment.The Dow rose 360.77 points, or 0.70 per cent, to 52,031.80 in morning trading, setting a fresh intraday record.The S&P 500 gained 7.49…
