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Fraud victims to be compensated up to Rs 25k under RBI’s new customer protection measures

MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework…

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Big jolt for Australia! Josh Hazlewood ruled out of T20 World Cup as ‘Big Three’ era ends after 15 years | Cricket News

Josh Hazlewood of Australia (Getty Images) Australia’s T20 World Cup preparations have suffered a massive setback with veteran pacer Josh Hazlewood ruled out of the tournament, leaving the former champions without their famed “Big Three” quicks at a global event for the first time since 2011. The 35-year-old has not played since injuring his hamstring…

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RBI monetary policy: Repo rate kept at 5.25% – what’s the GDP, inflation outlook & what does status quo mean for your EMIs, fixed deposits?

The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) on Friday kept the repo rate unchanged at 5.25% in line with expectations from market analysts and economists. The decision to hold the repo rate was driven by resilient GDP growth and benign inflation, amid global headwinds.“After a detailed assessment of the evolving macroeconomic conditions…

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Asian stocks today: Markets trade in red amid tech worries; Hang Seng slips over 1%, Nikkei up 230 points

Asian markets fell sharply on Friday as an extended sell-off in US technology stocks continued to weigh on investor sentiment. The losses came amid growing concern over heavy spending on artificial intelligence and uncertainty about when those investments will deliver returns. In Hong Kong, HSI was down 304 points or 1.13% as on 10:20 am…

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