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The Latest Breaking News from RBI

Austrian bank takes centre stage as EU pushes new sanctions on Russia

Raiffeisen is seeking to offset €2.1 billion in damages imposed by a Russian court. As a solution, Austria has proposed to unfreeze the assets of a sanctioned Russian company. But the plan has proven controversial.

Euronews

Burger King hacked - ethical hackers crack fast food security, and find it's as fragile as a French fry

Ethical hackers uncovered catastrophic flaws in Burger King systems, from weak passwords to leaked drive-through audio, exposing fragile cybersecurity practices.

TechRadar

'Solid as a paper Whopper wrapper in the rain': Hackers reported 'catastrophic' cybersecurity flaws at Burger King before the fast food giant nuked their criticism off the 'net via DMCA

The hackers' blog post on the incident can still be accessed via the Wayback Machine.

PC Gamer

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Burger King hacked, attackers 'impressed by the commitment to terrible security practices' — systems described as 'solid as a paper Whopper wrapper in the rain,’ other RBI brands like Tim Hortons and Popeyes also vulnerable

Ethical hackers have detailed how they uncovered 'catastrophic' vulnerabilities in various Burger King systems.

Tom’s Hardware

This Indian Startup Is Making Cross-Border Payments Less Complicated

Cross-border payments have always been an issue for businesses, startups, and freelancers. As usual, legacy systems involve high transaction fees,

Geekflare

Lawyers decry arrest of Rwandan opponent Ingabire as 'unlawful and arbitrary'

Lawyers for Rwandan opposition leader Victoire Ingabire say she is being targeted by a biased justice system after her arrest on Thursday evening, claiming there is no evidence linking her to an alleged plot to incite public unrest.

Radio France Internationale

Inside India’s shadow wealth: Just 3 lakh crorepatis in a nation of 1.4 billion

India’s wealthy elite love their cash – not just for convenience, but for what it hides. Despite a surge in digital payments, stacks of unaccounted currency still fuel real estate deals and many economic activities in the informal part of the economy, leading to tax dodging and funding of election…

Newslaundry

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India’s FDI story is a mirage and the numbers prove it

Late last week multiple news outlets reported that in 2024-25, gross foreign direct investment (FDI) into India hit $81 billion, up nearly 14 percent from the previous year – a stat that made headlines.

Newslaundry

1876 to 2025: Why civil services age reforms always hit a wall

In an opinion piece published in The Times of India, D Subbarao, former IAS officer and former RBI governor, on Wednesday called for lowering the upper age limit for the civil services examination to 27 years and reducing the number of attempts to three. Last month, following the declaration of…

Newslaundry

From Global Trade Wars to Political Firestorms! Read Today's Top 10 Headlines.

From political clashes to tragic crimes, here are today's must-know developments across India and beyond. Read Top 10 Must Know Headlines of the Day on Dynamite News:

Dynamite News

India Central Bank Cuts Interest Rates As Trump Tariffs Kick In

India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

International Business Times

RBI cuts repo rate by 25 bps; Relief for homebuyers, EMIs to come down

The repo rate cut, besides relief for homebuyers and other borrowers, will boost economic growth. Read further on Dynamite News:

Dynamite News

India's GDP grows 6.2 in Q3 of 2024-2025 fiscal year

In July-September, the economy recorded a growth of 5.6 per cent. Read further on Dynamite News:

Dynamite News

Mumbai's EOW summons ex-bank general manager Hitesh Mehta over Rs 122 crore fraud

The Economic Offences Wing (EOW) has summoned Hitesh Pravinchand Mehta, the former General Manager of New India Co-operative Bank Limited, in connection with a Rs122 crore financial fraud case, Mumbai police confirmed in their statement. Read further on Dynamite News:

Dynamite News

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Dynamite News

RBI bars this bank from offering loans, deposits; Customers queue outside bank

The RBI has barred this Co-operative Bank from granting or renewing loans and accepting fresh deposits for 6 months. Read further on Dynamite News:

International Business Times

Burger King Owner Restaurant Brands Reports Strong Sales And Income Growth

Burger King saw an 8% growth in system-wide sales, contributing to a 5.4% increase in year-over-year system-wide sales to $44.5 billion.

Dynamite News

Sitharaman in Lok Sabha: RBI’s gold purchases not meant to replace Dollar in global trade

Finance Minister Nirmala Sitharaman said, Gold is also kept in the Reserve Bank and gold is also being bought by the Reserve Bank. Read further details on Dynamite News

TechRadar

Indian banks are getting a whole new domain to combat fraud

The Reserve Bank of India is mandating the use of new and exclusive domains for banks to prove their legitimacy.

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Al Jazeera

India cuts key interest rate for first time since 2020 amid slowing growth

Reserve Bank of India announces first rate cut in nearly five years as world’s most populous nation faces slowdown.

Dynamite News

RBI reduces repo rate for first time in five year

Just In: RBI's monetary policy committee decided unanimously to reduce the policy rate by 25 basis points, from 6.5% to 6.25%. Read further on Dynamite News:

Newslaundry

Cash transfers, free bus rides: How parties are wooing Delhi’s women voters

From higher literacy rate to better nutritional levels to improved access to the internet, men in Delhi are far more privileged in several aspects than their female counterparts. But when it comes to elections, it is the women that feature more prominently in political parties’ poll campaigns.

Dynamite News

ED raids Tamil Nadu water resources minister's premises

The raids have been underway since morning at four locations in the Vellore district of Tamil Nadu, connected to Duraimurugan, as well as other accused individuals. Read further on Dynamite News:

The Independent UK

India’s new central bank governor takes over as economic growth slows and inflation rises

Sanjay Malhotra, a career civil servant, has become India’s new central bank governor as the country’s economic growth slows and inflation is rising

Dynamite News

Sanjay Malhotra takes charge as RBI Governor for 3 years

Sanjay Malhotra, in his new role, will oversee the bank's several functions, including monetary policy and ensuring economic stability in the country. Read further on Dynamite News:

Dynamite News

Sanjay Malhotra appointed as new RBI Governor

Sanjay Malhotra will assume office on December 11, 2024 for a period of three years, according to a notification issued by the appointment committee of the cabinet: Read further on Dynamite News:

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