Recent Views 16 NEW DELHI: India is increasingly stopping cyber fraud before money leaves a victim’s account. A telecom-led risk system has helped banks and payment platforms prevent suspected fraudulent transactions worth Rs 5,043.7 crore in 15 months, govt said, marking a shift from tracing stolen money to intercepting payments in real time, reports Aabhas…
Recent Views 18 MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model providers, warning that a common technology dependency could allow a disruption at one provider to spread across multiple financial institutions.Speaking at the Global Fintech Fest in Mumbai on…
Recent Views 19 MUMBAI: Rising geopolitical tensions in the Persian Gulf region pushed up Brent prices above the $100-per-barrel mark for the first time since July on Wednesday. This, in turn, led to the weakening of the rupee, which fell below the 95/$ mark and settled at 95.1 at close. Dalal Street, too, felt the…
Recent Views 11 NEW DELHI: BJP president Nitin Nabin Wednesday unveiled a month-long calendar of his party’s programmes to mark PM Narendra Modi’s birthday coupled with the upcoming milestone of his unbroken stint of 25 years as head of govt, with youth at the centre of several events.Sharing details of “Seva Sankalp Abhiyaan”, which will…
Recent Views 15 NEW DELHI: Govt on Wednesday approved eight railway multi-tracking projects worth Rs 20,804 crore as part of a big push for faster movement of passengers and goods across its high-density networks.PM Narendra Modi said that these projects will “ensure stronger connectivity, faster passenger movement and lower logistics cost”.Announcing the decisions, railway minister…
Recent Views 18 NEW DELHI: India’s largest private airport operator – Adani Airport Holdings (AAHL) – has entered into binding agreements to raise Rs 9,825 crore (about $1 billion) of primary equity capital from a consortium of investors, comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The transaction values AAHL at about…
Recent Views 16 MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to about 5.3% of its equity base, from 6% planned earlier. The stocks will be offered in a price band of Rs 1,700 to Rs 1,785 per share, people…
Recent Views 21 NEW DELHI: Skoda Auto and JSW Green Mobility have signed a non-binding agreement to explore a joint venture that could develop, manufacture and sell passenger vehicles in India and overseas, the companies announced on Wednesday. The proposed partnership will span internal combustion engine vehicles, electric vehicles, plug-in hybrids and hybrids, signalling that…
Recent Views 13 An international team of biologists, chemists and physicists has used sophisticated 3D X-ray technology to investigate the tooth at an unprecedented level. A unicorn may be a mythical creature, but nature made something very similar under the Arctic ice. Wondering what? Well, the narwhal has a strange tusk that can reach nearly…
Recent Views 15 Apple’s first foldable phone NEW DELHI: Apple on Wednesday entered the foldable smartphone market with iPhone Duo, priced at Rs 2,99,900, taking on Samsung, Google and Chinese brands in a category it had stayed away from even as rivals spent years refining the form factor.The book-style device has a 5.5-inch outer screen…
