RBI asks NBFCs to appoint chief risk officers

KOLKATA: The Reserve Bank of India told non-banking finance companies with assets size of over Rs 5,000 crore to appoint a chief risk officer to improve standards of their risk management. “With the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices,” the central bank […]

Update your WhatsApp ASAP: Newly-discovered spyware can infect a phone just by a WhatsApp call

BENGALURU: WhatsApp, the popular end-to-end encrypted owned by Facebook, has asked users to update to the latest version of the app following the discovery of a spyware to be injected into a user’s phone through its phone calling feature. The spyware was developed by the Israeli cyber intelligence company NSO Group, according to a news […]

Now Jio launches an IRCTC like app for booking train tickets

Reliance Jio has launched an application called JioRail for its JioPhones. The app will allow customers to book and cancel tickets by using debit cards, credit cards and e-wallets, check PNR status, train information, timings, routes, seat availability and several other services. Available on the Jio App Store, the JioRail app also allows Tatkal booking […]

HDFC Ergo and IBM to jointly setup data lab in India

MUMBAI: General insurance company HDFC Ergo and technology major IBM have jointly set up a lab in India to run deep analytics on customer data and subsequently develop customised solutions to improve business efficiency and profitability. The ‘IBM Garage’ with a team of 25 experts, including data scientists, technology architects and design engineers from IBM […]

No change in poll times, says Supreme Court

The Supreme Court on Monday refused to advance the timing of polls from 7 a.m. to 4.30 a.m. or 5 a.m. for the seventh and last phase of the Lok Sabha polls, considering the heat wave and that it is the holy month of Ramzan during which Muslims fast during the day time. A Vacation […]

Airtel scraps low-value postpaid plans

Bharti AirtelNSE -1.59 % has scrapped its low-valued postpaid plans of less than Rs 499 across circles and halved the total number of its offers for this higher-paying user segment to four, to boost its revenue per user, lower costs, and improve profitability. The Sunil Mittal-led mobile operator has now made Rs 499 the entry […]

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