Business

The Reserve Bank of India (RBI) recently issued Fair Practices Code guidelines to ensure that lenders charge interest only from the date of actual disbursement of funds. This move follows an annual inspection revealing instances of unfair practices by lenders. The new regulation mandates that interest is charged only for the duration of the loan’s…

Reliance Jio has implemented a significant price hike for its prepaid and postpaid plans, with increases ranging from 12 to 25 percent, effective July 3, 2024. Additionally, the entry-barrier for accessing free unlimited 5G data under the “Jio Welcome Offer” has been raised. Previously, users with 5G devices in active Jio True 5G cities could…

New Delhi: HDFC Bank has announced significant changes to its credit card fee structure, effective from August 1, 2024. The adjustments will affect various transaction types including rental, fuel, utility, and educational transactions, as well as international purchases, rewards redemption, and finance charges. Key Changes Include: These updates are part of HDFC Bank’s strategy to…

Tariff Increase from July 3: Reliance Jio has announced an increase in its mobile service rates starting from July 3. This marks the first hike in over two-and-a-half years, affecting almost all plans. New Unlimited 5G Data Plans: In addition to the tariff hike, Jio has unveiled new unlimited 5G data plans, emphasizing its commitment…

Why Did Musk Criticize Apple? Elon Musk shared a meme highlighting concerns about Apple’s integration of OpenAI’s ChatGPT, suggesting it could lead to privacy issues. He criticized Apple’s reliance on OpenAI and expressed doubts about their ability to protect user data, stating that such integration could lead to a ban on Apple devices within his…

Meta-owned WhatsApp is shifting focus to status updates, aiming to make them a central feature in the app. This move is designed to boost engagement and integrate new functionalities, offering a more dynamic user experience.

Why Are These Layoffs Happening? In May 2024, the tech industry saw significant layoffs, though the number was lower compared to previous months. According to layoffs.fyi, a website tracking global job cuts, 39 companies laid off a total of 9,742 employees. This is a substantial drop from April’s 21,473 layoffs across 50 companies. Major firms…