Tag: Financial services

Breaking News: More than 2,500 fraud connections being cut daily, say DoT officials | Economy & Policy News – Business Standard
News & Events

Breaking News: More than 2,500 fraud connections being cut daily, say DoT officials | Economy & Policy News – Business Standard

The Department of Telecommunications’ (DoTs’) Sanchar Sathi portal is discontinuing more than 2,500 fraudulent connections on a daily basis, officials said on Monday.  The portal, launched last year, is the government's primary tool to protect mobile phone users from frauds.   Sanchar Saathi detects fraudulent connections and triggers re-verification. Failing to reverify, the number is disconnected.  Questions have been raised on the process followed by the government. But the DoT claims the established process of built-in checks and balances has resulted in zero complaints or grievances till date against the portal.    The portal will launch an app version soon. However, the DoT is working on introducing a grievance redress...
Latest: Stock market today: Wall Street holds near record levels, with S&P 500 on precipice of 5,000
News & Events

Latest: Stock market today: Wall Street holds near record levels, with S&P 500 on precipice of 5,000

NEW YORK -- U.S. stocks are holding near record levels Thursday as evidence keeps piling up to show the job market remains remarkably solid.The S&P 500 was virtually unchanged in early trading, a day after coming within a fraction of a point of the 5,000 level for the first time. The Dow Jones Industrial Average was up 24 points, or 0.1%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was flat.The U.S. economy has blown past earlier expectations for a recession, and the latest show of strength came from a report indicating fewer workers applied for unemployment benefits last week than expected. The number remains low relative to history, even if layoffs at Google’s parent company, Macy’s and other big-name companies have been getting attention recently.In prior months, such a r...
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