EP MONEY

The Reserve Bank of India (RBI) has stepped up scrutiny of banks’ cybersecurity systems, seeking details of their preparedness for artificial intelligence-related threats amid a rise in attacks targeting financial infrastructure. In a series of recent meetings, the central bank asked lenders to examine vulnerabilities in their application programming interfaces (APIs), the software connections banks […]

The Centre’s new 30% trade margin cap on cancer medicines may leave several expensive drugs out of reach for patients, with the prices of 159 out of 643 listed drug packs expected to remain unchanged, according to an analysis of data published by the National Pharmaceutical Pricing Authority (NPPA). The regulator earlier this month announced

India has recorded one of the world’s fastest declines in poverty over the past decade, lifting an estimated 496 million people out of poverty between 2011 and 2023. However, the gains have not eliminated income disparities, with workers in the top 10% earning around 13 times more than those in the bottom 10%, according to

India’s aviation industry could record net losses of ₹36,000 crore to ₹38,000 crore in the financial year 2026-27, up from an estimated ₹28,000 crore to ₹30,000 crore in the previous fiscal, ratings agency ICRA said on Thursday. The projected increase reflects slower passenger traffic growth, higher aviation turbine fuel (ATF) prices and foreign exchange losses

Jio Platforms made a strong stock market debut on Wednesday, October 28, becoming India’s second-most valuable company by market capitalisation after its shares surged 27% above the initial public offering (IPO) price. The telecommunications and technology arm of Reliance Industries listed at ₹1,358 per share on the National Stock Exchange, a premium of approximately 21%

The Union Cabinet on Wednesday approved a 3-percentage-point increase in Dearness Allowance (DA) for central government employees, according to a report by The Times of India. The latest revision is intended to help employees manage the impact of inflation on their household expenses. The increase follows the Cabinet’s approval of a 2-percentage-point hike in Dearness

Jio Platforms’ initial public offering (IPO) has crossed one crore applications, setting a global record and surpassing the previous benchmark of approximately 97 lakh applications set by Waaree Energies. According to sources cited by PTI and Reuters, the offering crossed the milestone on October 23, with five hours remaining before the issue closed. The strong

Accenture has introduced a monthly spending cap of $29 per employee on Claude, Anthropic’s AI assistant. The restriction marks a significant shift for workers who previously had unlimited access to the tool. Some employees were spending as much as $1,000 monthly on Claude subscriptions through the company, using it for coding tasks, drafting reports, and

The Supreme Court has ruled against Yes Bank’s plan to write off Rs 8,415 crore in AT1 bonds, protecting thousands of investors from complete loss of their money. AT1 bonds are a special type of investment sold to both large institutions and ordinary Indians, designed to absorb losses when banks face financial emergencies. The court

The Reserve Bank of India has approved a 15-year timeline for Canadian insurance company Fairfax to reduce its majority stake in IDBI Bank down to 26%, according to ET Finance. This extended period gives Fairfax considerably more time than standard regulations typically allow for foreign investors exiting control of Indian financial institutions. Fairfax acquired its