The Ernakulam District Consumer Disputes Redressal Commission has ordered an investment firm to pay an investor ₹4.68 lakh after collecting investments offering an exorbitant interest rate of 12.50% for five years. The Commission comprising president D.B. Binu and members V. Ramachandran and Sreevidhia T.N. issued the verdict on a petition filed by Vignesh M., originally … Read more
Consumer Reports has found that plastics retain a “widespread” presence in food despite the health risks, and called on regulators to reassess the safety of plastics that come into contact with food during production. The non-profit consumer group said on Thursday that 84 out of 85 supermarket foods and fast foods it recently tested contained … Read more
MUMBAI – The Reserve Bank of India has approved the appointment of Ashok Vaswani as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years from January 1, 2024. Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays … Read more
An assistant engineer attached to Gulbarga Electricity Supply Company (GESCOM) was assaulted allegedly by a consumer for asking him to pay electricity dues of his residence and a dhaba at Aland town in Kalaburagi district on Wednesday. Waseem Saifan Sab, a resident of Sonargalli in Aland town, thrashed Siddaramappa Nimbalkar, an assistant engineer of GESCOM, … Read more
The Ernakulam Consumer Disputes Redressal Commission has directed Kerala State Financial Enterprises (KSFE) to allow a customer to close his housing loan on payment of the balance amount due. The Commission also directed KSFE to pay a compensation of ₹10,000 to the customer for refusing to let him close the loan and demanding foreclosure charges. The … Read more
Along with other prudent costs of up to ₹5.33 crore and a revenue gap of ₹64 crore, KPTCL had urged the commission to recover ₹2,803 crore from Escoms which would be passed onto the consumer tariffs. In a public hearing called by the Karnataka Electricity Regulatory Commission (KERC) on Monday, Karnataka Power Transmission Corporation Limited (KPTCL) … Read more
Mumbai: Indian equities are likely to be under pressure earlier this week, mirroring the slump in US markets on Friday, sparked by the higher-than-expected May consumer inflation reading. Investors fear sharper hawkish tone from the US Fed in its rate-setting meeting on June 15 to contain inflation (at a 40-year high), driving up the dollar … Read more
Imports of vegetable oils, comprising edible and non-edible oils, fell 13 per cent to nearly 9.12 lakh tonnes during April due to lower import of crude palm oil, according to industry data. The Solvent Extractors’ Association of India (SEA) said in a statement that import of vegetable oils stood at 9,11,846 tonnes in April 2022 … Read more
Shahid Akhter, editor, ETHealthworld, spoke to Surya Gummadi, SVP & Head of Healthcare, Cognizant, to know more about the digital innovations that are transforming the way healthcare is administered and delivered. What are the critical factors that have provided the impetus to technology adoption in the healthcare sector? The global pandemic has spurred a tectonic … Read more
ET Now: Is normalcy back? I mean, has the non-Covid portion of business returned to normalcy?Suneeta Reddy: In the first quarter, while our revenues grew by 30% to Rs 3,760 crore, 26% of this was Covid revenue. I believe this trend has now started to shift. We saw signs of that shift in July where … Read more