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India’s monsoon rains hit four-year high in boost to crop output
India badly needed good rainfall in 2024 after its driest year in...
Tata iPhone component plant halts production indefinitely after fire
The fire broke out at the plant in Tamil Nadu state early on...
iPhone owners 167 times more at risk of being hacked than Android phone users
“LG, Nokia and Sony were the phones that hackers were least interested in, generating under 100 searches a month for each individual brand,” reports goodtoknow.co.uk.
Delhi police files FIR on missing personal data of 45-lakh ex-services collected for ECHS smart cards
The ministry has alleged that Score Information Technology (SITL) was given a five-year contract in 2010 for the development of smart cards for ECHS but after the expiry of contract in 2015, the company did not return the database, source code, keys and computer applications, the file notings show.
Deposit Insurance Corporation receives Rs 14,100 cr claims amid PMC Bank crisis
The break-up of the claim with DICGC shows Rs 3,414 crore in the case of state cooperative banks and district central cooperative banks, and Rs 10,684 crore in the case of urban cooperative banks, including PMC Bank, according to the RBI.
Long-awaited U.S. drone safety rules call for extensive tracking network
The long-awaited draft rules call for a massive new tracking network for everything from toys to larger commercial drones so that law enforcement can spot the devices flying anywhere, from congested urban areas to the most rural zones
To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan
“This will safeguard the customers against the risk of unauthorized transactions on account of skimmed/cloned cards, while withdrawing cash at State Bank ATMs,” the bank said.
Financial system remains stable despite weakening domestic growth: RBI
Mumbai: Financial system remains stable despite weakening domestic growth: RBIThe Reserve Bank on Friday said the country's financial system remains despite slowing economic growth. The country's GDP slowed to a six-year low of 4.5 per cent in...
Banks see biggest job cull since 2015,cut a combined 77,780 jobs
This year, more than 50 lenders have announced plans to cut a combined 77,780 jobs, the most since 91,448 in 2015, according to filings by the companies and labor unions. Banks in Europe, which face the added burden of negative interest rates for years to come, account for almost 82% of the total.The 2019 cuts bring the total for the last six years to more than 425,000.
Improve corporate governance to lift economic efficiency: RBI to India Inc
Regulators like the Sebi and Irdai have been taking measures to improve the market integrity and to strengthen corporate governance processes, while the IBBI has been making progress in improving an enabling framework for stressed asset resolution.
Global shares reach record highs on trade optimism, festive cheer
The rally in global shares contrasts with a plunge late last year, when the Sino-US trade war had sapped investor confidence. The worries scuttled capital expenditure plans over much of 2019, but strong employment and signs of an improving global economy suggest that will change next year.
Bank frauds rise to record high of ₹1.13 lakh crore in H1FY20: RBI
The Reserve Bank is taking steps to integrate fraud reporting of NBFCs and urban co-operative banks in its central fraud registry database.