Treasury described the intrusion as a "major cybersecurity incident," since it was attributed to a state-sponsored actor, according to the letter, which was reviewed by Bloomberg News.
This story is from the January 01, 2025 edition of Financial Express Bengaluru.
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This story is from the January 01, 2025 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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'Rate-cut cycle unlikely to begin soon unless liquidity improves'
The sluggish deposit growth poses a risk to achieving higher economic growth, says Rajiv Anand, deputy managing director, Axis Bank. In an interview with Sachin Kumar, Anand speaks of the challenges facing the banking sector, including declining credit growth, stress in unsecured loans and tight liquidity. Excerpts:
Dollar gains, stocks climb as global markets turn jittery
THE DOLLAR RALLIED on Tuesday and stocks rose as Donald Trump's return to the White House brought mixed messaging on tariffs and highlighted markets' nervousness about the trade policy.
Exporters Can Import Small Diamonds Sans Duty From Apr 1
The government on Tuesday announced a scheme that will allow duty-free import of natural cut and polished diamonds of up to 25 cents or quarter of a carat by exporters to retain India's position as a global leader in the entire diamond value chain, according to a statement.
Startups seek boost in local investments
WITH THE UNION Budget on the horizon, startups and venture capitalists are advocating for key policy measures to foster growth and innovation in the ecosystem.
At ₹25,000-cr, Adani Energy bags its largest ever project
ADANI ENERGY SOLUTIONS (AESL), the transmission and distribution arm of the Adani Group, announced on Tuesday that it has secured the ₹25,000 crore Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) HVDC (high voltage direct current) project.
Trump Jitters for Markets
FPIS have been of the view that India's markets are over-valued and have moved money out at a time when the rupee has depreciated sharply.
India wary as Trump pulls US out of Pillar 2 tax deal
PRESIDENT DONALD TRUMP, through an executive order, declared on Tuesday that the 15% minimum global corporate tax deal has \"no force or effect\" in the US, effectively pulling the country out of the 2021 pact signed by around 140 countries.
InMobi to raise $400 mn, targets $8 bn valuation
New and existing investors to join
D2C snack brands make global forays
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Kia India seeks additional time for PLI compliance
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