Recognising the weaknesses of password-based systems, companies the world over are increasingly betting on biometric security.

Alibaba is the first foreign company to openly claim it's ready to accept the data localisation rules, while other prominent giants like Amazon, Microsoft, American Express, Google and Facebook have shown reluctance.

In July, a government panel recommended that all \"critical personal data\" should be processed in India, and presented a draft bill that could affect how global firms store customer data.

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.

The RBI had earlier directed all payment services companies to store data in India by mid-October.

Section 377 and the judgment was one of the most-talked about topics on social media on Thursday.

The 170,000 sq mt facility in Singapore is expected to be operational in 2022.

Tips to filter what your children are exposed to.

Several members from the eBay team have been integrated with Flipkart's 2GUD team.

The mega deal, announced in May this year, is the largest so far in the Indian retail space. This is also Walmart's biggest acquisition and will help it compete more aggressively with its US-based rival Amazon.

Technology executives and trade groups have discussed approaching Prime Minister Narendra Modi's office to appraise him of their worries. Separately, the industry is considering pitching the issue as a trade concern, including at the India-US talks in September in New Delhi.

PM Modi may push financial inclusion drive in I-Day speechPrime Minister Narendra Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government's financial inclusion drive, official sources said. There could be a doubling of overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as part of the government's effort to fund the unfunded, they ...

PM Modi to inaugurate India Post Payments Bank on August 21; govt panel wants localisation of cloud storage data in possible blow to big tech firms; Wipro to move workforce to a new 50-acre campus; and Indian Oil to invest Rs 1.75 lakh cr for expansion, says Chairman Sanjiv Singh. Watch more in this episode of business wrap.

Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra...

The policy will be the latest in a series of proposals that seek to spur data localisation in India, as the government finalises an overarching data protection law.

The outgoing chairman of Bank of Baroda, Ravi Venkatesan, said that the government needs to ease its grip over the lenders or risk slowly killing off the sector.

The Bengaluru-based B2B firm offers an AI-powered speech recognition system for major Indian languages.

RBI's big worry! About 74% public sector bank ATMs vulnerable to fraudsAbout 74 per cent automated teller machines (ATMs) of public sector banks are running on outdated software - which makes these machines highly vulnerable to frauds. The revelation came in response to a question in the Parliament on whether the softwares used for the ATMs are supported. Currently, India has over 2 lakh ATMs and approximately 70 percent of them still run on Windows XP - which Microsoft itself sto...

Last year In April, the RBI through a confidential circular to banks had highlighted concerns about the ATMs running on Windows XP and/or other unsupported operating systems.