Category: Business

Citibank’s “biggest banking mess”; now Indian IT firm, Wipro in the limelight

The report by Moneycontrol noted that the global banking major relies on the so-called “six-eyed” protocol for high-value transactions. To ensure additional precaution, at least three people must sign large sums of money to be transferred. In this case, two originated from India, working with Wipro Technologies. As previously reported, Citibank mistakenly sold Revlon’s lenders

Steps taken in the budget will give a boost to startups in the country: DPIIT Secretary

New Delhi: Dr. Guruprasad Mohapatra, Secretary, Department of Industry Promotion and Internal Trade (DPIIT), Ministry of Commerce and Industry, said that important steps have been taken to promote start-ups in the 2021-22 budget. Dr. Mahapatra said that the inclusion of initiatives to encourage One Person Companies (OPC), a one-man company, will directly benefit startups and