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The government, however, wants any critical data to be mandatorily stored in India while sensitive data can be processed abroad with the explicit consent of the data owner.

Business

Itâ€™s like writing a blank cheque to govt: Experts

The bill comes very close to writing a blank cheque to the government to get access to data.

11 Dec 2019 1:42 AM IST

Several countries, including India and South Africa, have expressed interest in lifting the moratorium as they develop their digital economies and seek to recuperate lost customs revenue as more trade becomes digital.

Business

WTO tariff freeze on digital trade extended till June â€™20

The moratorium on digital trade worth an estimated $225 billion a year has been in place since 1998, but was due to...

11 Dec 2019 1:37 AM IST

Gross NPA ratio were at 10.25 per cent and net NPA was 3.91 per cent.

Business

Banks cut MCLR rates after RBI nudges on transmission

Bank of Baroda-'s one-year MCLR will be 8.25 per cent, 5 basis points (bps) below the exsisting level, effective...

11 Dec 2019 1:32 AM IST

In the September quarter, online mobility platforms recorded a total of 1.3 billion annualised trips, while food tech apps witnessed 1.1 billion annualised orders.

Business

E-ride overtakes e-food in volume terms in Q2

The growth in e-mobility is currently driven by alternative mobility services like e-bikes and e-autos as cab services...

11 Dec 2019 1:27 AM IST

With conventional sources of fundingbank loans, bonds and commercial paper becoming difficult to access, many non-banks (NBFCs) have been rushing to securitise their receivables, especially after the credit crunch post the IL&FS crisis in September 2018.

Business

Securitisation shores up retail loan growth figures

Consumer behaviour in the past 18 months throws up an unusual trend: spending has slowed, but borrowings remain robust.

11 Dec 2019 1:25 AM IST

The bank had provided Rs 1.06 lakh crore for the bad loans but the provisions for the NPAs as assessed by the RBI was Rs 1.18 lakh crore.

Business

SBI under-reported close to Rs 12,000 crore bad loans

Bank would have made Rs 6,968-cr net loss instead of profit.

11 Dec 2019 1:22 AM IST

$Efforts are also being undertaken to increase our exports to emerging markets of Africa, Latin America through PTAs/FTAs (preferential/free trade agreements),\ the Minister of State for Commerce Hardeep Singh Puri said. (Photo: File | ANI)$ Business