Business

NEW DELHI: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 10 lakh on ride-hailing platform Rapido for disseminating misleading advertisements and engaging in unfair trade practices, reports Dipak Dash. The action was taken suo motu following investigation into the company’s advertisement claim: “Guaranteed Auto. Auto in 5 mins or get Rs…

The finance ministry on Wednesday held a meeting with the heads of public sector banks (PSBs) to review their financial performance in the first quarter of FY26. The three-hour session was chaired by Financial Services Secretary M Nagaraju.According to PTI report citing sources, the secretary urged the MDs and CEOs of state-owned banks to step…

NEW DELHI: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 10 lakh on ride-hailing platform Rapido for disseminating misleading advertisements and engaging in unfair trade practices. The action was taken suo motu by the authority following investigation into the company’s advertisement claim: “Guaranteed Auto. Auto in 5 mins or get Rs…

India’s textile and apparel sector posted steady growth in July 2025, with exports of major commodities rising 5.37 per cent to $3.10 billion from $2.94 billion a year ago, the government said on Wednesday.According to the Textile Ministry, the industry has demonstrated resilience despite global uncertainties, reaffirming its role as a key driver of employment,…

NEW DELHI: Making the Directorate General of Civil Aviation (DGCA) a fully autonomous agency; mitigating fatigue among air traffic controllers (ATCO) and flight crew; modernising ATC and filling up critical staffing gaps in key organisations are among the 12 key issues that a parliamentary panel has flagged to “ ensure the continued safety and sustainable…

Gold rate today: Gold prices fell Rs 400 to Rs 1,00,020 per 10 grams in the national capital on Wednesday amid sustained selling by stockists, the All India Sarafa Association said. The yellow metal of 99.9 per cent purity had ended at Rs 1,00,420 per 10 grams in the previous session.In line with the weakness,…

The Lok Sabha on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, which seeks to foster the growth of e-sports and online social gaming while banning online money games. The Promotion and Regulation of Online Gaming Bill, 2025, introduced in the Lok Sabha by Union minister Ashwini Vaishnaw, aims to regulate India’s…

The Centre has proposed exempting individual life and health insurance policies from GST, Bihar Deputy Chief Minister and convenor of the Group of Ministers (GoM) on insurance Samrat Choudhary said on Wednesday. At present, insurance premiums attract 18% GST.“The Centre’s proposal is clear that the individual insurance policies should be exempt from GST. This has…

Chinese internet major Baidu reported a fall in quarterly revenue on Wednesday, hit by sluggish domestic consumption even as the company ramped up its artificial intelligence drive and overseas robotaxi ambitions.Baidu posted revenue of 32.7 billion yuan ($4.56 billion) in the April-June quarter, a 4% year-on-year decline, according to its filing with the Hong Kong…

Infosys bonus distribution covered employees at levels 4, 5 and 6, comprising the majority of the organisation’s 323,000 workforce. Infosys, India’s second largest IT services firm, has distributed performance bonus letters to qualifying staff members for the April-June (Q1FY2025-26) quarter. The IT giant is paying out a significantly higher average bonus compared to the previous…