Binance sets aside $6.34 billion to cover crypto hack losses After facing a major crypto theft, Binance has assured users that they won’t lose money over the breach.The exchange is covering the $6.3 billion loss from its own funds, setting aside more than $6.34 billion to make up for the stolen assets. It has already…
Caller ID mandatory from November 1 Unknown callers bothering you? That is set to change from tomorrow!Telecom operators are set to begin rolling out Calling Name Presentation (CNAP), a facility that will display the caller’s name on the recipient’s phone screen. The service will not require users to register separately and will change how incoming…
US midterms may raise shutdown, keep tariff uncertainty high The US is preparing for its November 3 midterm elections, but the results will be closely watched in India too, particularly for their possible impact on trade ties and business conditions.The outcome could bring fresh uncertainty around US trade policies, with tariffs, government spending and the…
Bitcoin sank below $77,000 for the first time in more than a month, deepening a selloff after Binance Holdings revealed a record hack that rattled the crypto industry and renewed questions about the security of customer assets — even at the world’s largest digital-asset exchange. Cryptocurrency slid below $77,000 following a record $6.3 billion hack…
Reliance Industries reports 34% jump in Q2 profit to Rs 29,550 crore, beating estimates, on strong O2C and Jio performance; revenue rises 29% MUMBAI: Reliance Industries, India’s most valuable company by market capitalisation, reported a 34% rise in second-quarter profit for FY27 to Rs 29,550 crore on Friday, beating analysts’ average estimate of Rs 21,419…
Centre sets up Suresh N Patel-led panel to recommend comprehensive banking reforms within six months NEW DELHI: Govt Friday set up a high-level committee under former central vigilance commissioner Suresh N. Patel to undertake comprehensive banking reforms, delivering on an announcement made by finance minister Nirmala Sitharaman in Union budget 2026-27.The five-member panel, which includes…
Trai proposes AI rules for telecom firms, including board-approved policies, safety committees and mandatory reporting of serious AI-related incidents NEW DELHI: Trai on Friday proposed a comprehensive draft framework for the responsible use of artificial intelligence in telecom networks that would require service providers to adopt board-approved AI policies, establish dedicated governance and safety committees,…
Nasdaq bleeds: Faces $2 trillion wipeout in October More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured into artificial intelligence can generate returns quickly enough.The wipeout would amount to slightly more than SpaceX’s…
AU Small Finance Bank probes alleged data leak involving a Salesforce-hosted platform holding limited vehicle loan customer information, while saying its core systems remain unaffected MUMBAI: AU Small Finance Bank is investigating a potential data leak involving a Salesforce-hosted software platform that holds limited information relating to its vehicle loan customers, after a cyber threat…
Banks add Rs 16.1 lakh crore in non-food credit in H1 FY27, with NBFCs, industry and personal loans driving growth; lending to NBFCs rises by Rs 1.8 lakh crore MUMBAI: Banks lent more to NBFCs than to home buyers in the first half of FY27, with advances to non-bank lenders rising by Rs 1.8 lakh…
