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Lovable admits error in chat visibility settings, says issue fixed now
Lovable, an app-building platform, has apologized for chat data exposure in public projects. The company clarified it was a mix of unclear product design and a technical error, not a data breach. Users could previously make projects public, with chat history visible. Changes were made to default projects to private.
Oracle default fears surge as credit swaps spike to 2-year high - is AI taking its toll?
Oracle default fears surge as its credit-default swaps jump to a two-year high, signaling rising investor anxiety. The five-year CDS spread nears 80 basis points, up from 55 earlier this year. The spike follows Oracle’s massive $38 billion AI-driven debt plan to fund new cloud data centers. Analysts warn total debt could hit $290 billion by 2028, tripling from current levels. Markets see growing AI leverage risk, testing confidence in Oracle’s balance sheet as AI spending collides with rising borrowing costs.
More taxpayers getting defective ITR notice from tax dept this year; How to rectify the defect
Defective ITR: Chartered accountants report that many of thier clients have received defective ITR notices this year. As per Amit Bansal, Partner - Direct Tax, Singhania & Co, Yes, there has been a noticeable increase in defective ITR notices and invalid returns this year." Know what to do incase you get a defective tax return notice under section 139(9).
SGX Nifty up 20 points; here's what changed for market while you were sleeping
Japan's Nikkei 225 rose 0.24 per cent, Korea's Kospi climbed 0.8 per cent, Hong Kong's Hang Seng edged 0.02 per cent higher while China's Shanghai Composite added 0.04 per cent in early trade.
Companies, custodians struggle with dividend payments
Till the previous financial year, dividends were taxable in the hands of companies.
Coronavirus impact: Economic dent could prove costly for banking sector. What should investors do?
Downgrades are bad news for the financial services sector. When other sectors weaken, banks and NBFCs could witness increased defaults. As the economy slows to a grind, investors should avoid debt laden companies. Here are other expert takes.
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How RBI is using Big Data to track your money
The central bank is currently drafting a PCR Act with the Ministry of Corporate Affairs.
Retail bond street: Speed bump or dead end?
In hindsight, it might be termed irrational exuberance.
Soon, non-banking companies may verify via eKYC
Access to Aadhaar database will be a boon for mobile wallets and digital lenders.
Microfinance to mega dreams: Aspiration should be to financially include over 400 million lives in India
In terms of reach, microfinance sector has created an astonishing last-mile connectivity infrastructure where over 60,000 lending officers meet 100% of their clients every week/ fortnight/ month.
Are your debt mutual funds in big trouble?
Three mutual fund houses – Aditya Birla Sun Life Mutual Fund, Franklin Templeton, and HDFC Mutual Fund – have individual investments of more than Rs 1,000 crore in the Essel Group.
Blockchain pumping new life into old-school tech firms like IBM
The market for blockchain-related products and services will reach $7.7 billion in 2022, up from $242 million last year, according to researcher Markets & Markets.
Paradise Papers: Indian names tumble out for tax haven links
In all, there are 714 Indians in the tally. Interestingly, an Indian firm figures as Appleby's second-largest client globally, with at least 118 different offshore entities.
Your credit data is at risk as hackers seek to bully startups
Most companies, particularly small businesses, may be clueless about the enormity of a problem or assess the seriousness of a threat.
RBI mulls an agency to improve credit culture
Making a strong case for it, RBI Deputy Governor Viral Acharya said a transparent and comprehensive PCR is the need of the hour in India.
Initials, punctuations on PAN card make linking with Aadhaar a pain
Millions of Indians could be facing the problem as the government insists on Aadhaar-PAN linking by July 31, a prerequisite to filing tax returns.
Sebi revamps grievance redressal tool at bourses, depositories
The decision to revamp the grievance redressal mechanism at stock exchanges and depositories has been taken in consultation with all the stakeholders.
Pakistan nuclear scientist's kin linked to offshore firm in Panama Papers
Khan's brother Abdul Quyuim Khan, wife Hendrina, and two daughters Dina Khan and Ayesha Khan, are all shown as owners of Wahdat Ltd.
Most people lack awareness about creditworthiness: Survey
Most borrowers are unaware about the fallout of defaulting on loan payments and presence of systems to rate their creditworthiness, says a survey.
Unison International, a recruitment consultancy harnessing manpower
Despite two failed ventures, Udit Mittal has managed to make a success of his recruitment consultancy.
Telemarketers and cellphone operators are raking in the moolah by sending spam SMSs in bulk while users fret and fume
Now, with a DM-this or LM-that spamming phones all day long with advertisements, users check their messages with a mix of foreboding and exasperation.
How to use apps for your smartphone to cut spam SMS, email & unwanted calls
Constantly buried under heaps of spam SMS, email & unwanted calls? Block them and you’ll save a lot of time. ET guides you how to use apps for your smartphone, extensions for your e-mail client and little tricks to cut out all the spam
Sebi to frame rules for outsourcing by market entities
Sebi plans to frame new rules for outsourcing of business by brokers, MFs, portfolio managers and other market entities.
Cibil to launch mortgage default database; to expand clientele
Credit Information Bureau (India) Ltd (Cibil) today said it will come out with a database on mortgage defaulters and is also looking at expanding client base to telecom and insurance companies.
Brokers deny ASBA facility to IPO investors
The implementation of Application Supported by Blocked Amount might see setbacks from broker apathy.
RBI to set norms for credit card bills
If you are among thousands of credit card holders who have been blacklisted in the banks' central database even after dues have been settled, there's some relief coming your way.
Bajaj Allianz General Insurance to set up debt collection company
Bajaj Allianz General Insurance, in association with Euler Hermes, plans to set up a separate debt collection company in India to consolidate its presence in the domestic and export credit insurance space.
Consumers risk a beating if loan repayments late
Most consumers risk being hit by hefty fees or a nasty spike in interest rates if loan or credit card repayments are late -- but in India there is also the danger of being pummelled with an iron bar.
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