Business

India Business News: NEW DELHI: The Reserve Bank of India (RBI) on Friday fined State Bank of India and Jana Small Finance Bank for failing to follow certain regulatory no. Source

In an untitled letter issued in March, the regulator declared all in vitro data generated by CRO Raptim Research as unreliable and asked an undisclosed number of pharmaceutical companies to repeat the studies conducted by the firm. Source

RBI move is aimed at streamlining and consolidating the regulatory framework for digital lending activities undertaken by Regulated Entities Source

India Business News: NEW DELHI: At least 60 domestic flights at Delhi airport were cancelled on Saturday, as security was tightened and 32 airports in northern and western. Source

India’s Enforcement Directorate agency, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. Indian laws prohibit foreign e-commerce companies from doing so as the platforms can only operate a marketplace to connect buyers and sellers. Source

JioStar denies cyber attack reports, assures users their data and streaming services are secure. Reliance Industries confirms no disruption to JioStar operations. Source

Andrew Witty’s exit comes only a few weeks after UnitedHealth cut its annual forecast and reported its first earnings miss since the 2008 financial crisis, marking a major setback under Witty’s leadership. Source

India Business News: NEW DELHI: IndiGo passengers who were supposed to fly in and out of the airports that are currently closed now have the option of doing so from “anoth. Source

United Parcel Service Inc. backed away from its full-year financial guidance as President Donald Trump’s tariffs pose new challenges for the package-delivery market and inject volatility into the global economy. Source

Wholesale price inflation dropped to 0.85 per cent in April as prices of food articles, manufactured products, and fuel eased, government data showed on Wednesday. Source