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BusinessToday.in
New Delhi, August 14, 2018
ATMs across the globe under major threat from a cyber attackATMs around the world are under a major risk of fraudulent cash withdrawals. This type of attack is called \"ATM cashout\" and this particular plan has been detected by US' premier investigating agency, FBI. The attack is aimed at ATMs from different banks. The massive heist is expected to take place with the help of cloned cards. The payment processors of various banks might also be hacked to gain easy access to the cash. Reliance JioGigaFiber registrations to go live from August 15Reliance Jio seems all set for an entry in the broadband, cable TV and direct-to-home markets, courtesy of its new venture, JioGigaFiber. The registration for JioGigaFiber will start on August 15. \"Starting this Independence Day, August 15th you can start registering your interest for JioGigaFiber through both MyJio and Jio.com,\" said Mukesh Ambani at company's 41st Annual General Meeting.Xiaomi, Samsung battle it out for the top spot in Indian smartphone marketThe Indian smartphone market in the April-June quarter saw varied results carried out from several market research agencies. IDC, in its report released on Monday, declared China's Xiaomi as the formidable leader with a commanding share. A separate report by analyst last month had put Xiaomi just ahead of Samsung. However, Counterpoint chose Samsung as the leader for the second quarter. But what is inevitable from these reports is that both Xiaomi and Samsung are dominant leaders in the India's smartphone space.


BusinessToday.in
New Delhi, August 14, 2018
ATMs across the globe under major threat from a cyber attack; Reliance JioGigaFiber registrations to go live from August 15; Xiaomi, Samsung battle it out for the top spot in Indian smartphone market. Watch this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
New Delhi, August 14, 2018
Reliance Jio seems all set for an entry in the broadband, cable TV and direct-to-home markets, courtesy of its new venture, Jio GigaFiber. The registration for JioGigaFiber will start on August 15.


BusinessToday.In
August 13, 2018
Jio's broadband service JioGigaFiber will launch with plans priced as low as around Rs 500 a month.


PTI
New Delhi, August 5, 2018
Large corporates have started making arrangements to comply with regulator Sebi's directive to split the roles of chairman and managing director by April 1, 2020, but several smaller companies are still giving their CMDs tenures beyond the deadline.


Karan Dhar
August 3, 2018
Apple sits on a cash pile of roughly $285 billion which is more than enough to buy India's two most valued companies - Mukesh Ambani-led Reliance Industries and Tata's crown jewel TCS.


BusinessToday.In
August 3, 2018
The court asked RCom to pay Rs 550 crore to Ericsson by October 1. It also directed Anil Ambani to give an undertaking to pay the amount to Ericsson.


BusinessToday.In
August 2, 2018
After working together on Jio Payments Bank, Reliance Jio and the State Bank of India have decided to widen the scope of their partnership to online banking services and loyalty programmes.


BusinessToday.In
August 2, 2018
RBI increases repo rate by 25 basis points to 6.5%, maintains 'neutral' stanceThe RBI's Monetary Policy Committee, during its by-monthly meeting on Wednesday, increased the repo rate by 25 basis points to 6.5 per cent from the previous rate of 6.25 per cent. This is the second hike in the interest rate after four years of continuous halt by the central bank. This time too, the MPC again maintained the neutral stance to achieve the medium-term target for inflation of 4 per cent in a band of +/- 2 per cent.The MPC has noted that uncertainty around domestic inflation needs to be carefully monitored in the coming months. What caused the rate hike? \"The main reason for increasing of the repo rate has been done to maintain the 4 per cent inflation target, a target from which we have been away for several months,\" said the RBI Governor.Supreme Court comes down heavily on the Amrapali GroupThe Supreme Court has come down heavily on the Amrapali group for \"defrauding investors\" and playing \"dirty games\". The apex court has directed the attachment of all bank accounts and movable properties of 40 companies of the Amrapali real estate group. It has frozen all the bank account of all directors of the 40 companies and also restrained them from selling their personal properties without the permission of the court. The apex court is hearing petitions filed by flat buyers who have demanded reversing of the September 4, 2017, NCLT order.LIC-IDBI deal: Cabinet approves LIC's acquisition of 51% stake in IDBI BankUnion Cabinet, chaired by Prime Minister Narendra Modi, has cleared the Life Insurance Corporation's acquisition of 51 per cent stake in the debt-ridden IDBI Bank. The approval of the deal means LIC will raise its stake in the bank from the current 8 per cent to 51 per cent, which makes makes it a majority holder. As per the proposal, IDBI Bank will issue preferential shares to LIC to raise money. The LIC stake buy will help the bank get capital support of Rs 10,000-13,000 crore.TRAI Announces 5G Spectrum PricingTelecom regulator TRAI has recommended rules and prices for the next round of spectrum auction which will include radiowaves for 5G mobile services. The regulator has recommended that base price for bidding should be higher of the two figures - 80 percent of the average valuation of spectrum band in the licensed service area or the price realised in the October 2016 auction. The government is yet to finalise the timing of the next round of auction. RBI asks Paytm Payments Bank to stop enrolling new customers on its platform Days after Paytm Payments Bank CEO Renu Satti stepped down from her role to lead company's new retail initiative, a Livemint report said that the Vijay Shekhar Sharma-led mobile-first bank has stopped onboarding new users on its platform following observations made by the RBI. Paytm stopped enrolling new customers on June 20 following an audit by RBI. Paytm Payments Bank allows customers to open zero balance accounts without any transaction charges. It is part of a new set of differentiated banks which were given licence by the RBI Mukesh Ambani's Reliance Industries jumps 55 spots in Fortune 500 companies Mukesh Ambani-helmed Reliance Industries has made one of the biggest jumps in the Fortune 500 rankings of the world's biggest companies. Reliance Industries moved up on the list by 55 slots to be ranked at 148. It was previously ranked 203rd. According to Fortune, Reliance Industries saw an upward trend in profits by 25.5% in the last fiscal. In 2017-18, RIL saw a revenue of $62.3 billion. However, state-owned Indian Oil Corporation (IOC) is the top-ranked Indian company. It is ranked 137, a significant rise from the previous 168.


BusinessToday.In
New Delhi, August 1, 2018
The list is topped by US giant Walmart, followed by Chinese state-owned power company, State Grid.


BusinessToday.In
New Delhi, August 1, 2018
JioGigaFiber is a fibre-to-the-home (FTTH) broadband service announced by Reliance Jio earlier this year at Reliance Industries 41st annual general meeting.


BusinessToday.In
New Delhi, August 1, 2018
On November 4, 2016, the oil ministry had slapped a demand of $1.47 billion on the RIL-BP-Niko consortium for \"unfairly\" producing natural gas belonging to ONGC.


BusinessToday.In
New Delhi, August 1, 2018
Reliance Industries overtakes TCS as India's most-valued companyReliance Industries headed by India's richest man Mukesh Ambani has just snatched back the tag of the country's most valued company in terms of market capitalisation. As of 1 pm yesterday, the m-cap of Reliance Industries (RIL) stood at Rs  7.47 lakh crore, overtaking Tata Consultancy Services (TCS), becoming India's first 7.5 lakh crore company in stock market history. The IT bellwether had first replaced RIL as the most valued firm more than five years ago. And, in the bargain, Ambani's net worth has also shot up, since he holds a 44.5 per cent stake in the company. According to Bloomberg data, he is now worth $45.9 billion, $1.6 billion richer in less than three weeks Call drop: Trai sets new call quality parameters for 4G networksTelecom regulator yesterday released new parameters for assessing call quality on the 4G network with a view to checking problems like voice mute faced by customers. The Telecom Regulatory Authority of India (Trai) has decided to measure call quality on the 4G network in terms of data packets -- a parameter different from benchmarks used for assessing call drops on 2G and 3G networks. The regulator has mandated telecom operators to ensure that not more than or equal to 2 per cent of total data packets transmitted during uplink and downlink of calls should be lost so that customers get to experience better call quality. New norms would be applicable from October 1. Social media platform Twitter tries to measure 'healthy conversations' Twitter is working with academics to start measuring 'healthy conversations' on its platform. The conversations will be judged on the basis of 'openness and civility' as it disclosed in a blog post. It is in process to develop a measurement framework. \"Partnering with outside experts who can provide thoughtful analysis, external perspective, and rigorous review is the best way to measure our work and stay accountable to those who use Twitter,\" it explained in its blog. Twitter and Facebook are currently facing a backlash over their impact on popular culture and politics. Govt ready to inject Rs 980 cr to keep ailing Air India aliveThe government has sought approval of parliament to inject Rs 980 crore in ailing national carrier Air India during the current financial year, after attempts to find a buyer for its 76 per cent stake in the airline failed to take off. The government has \"sought funds for infusion of equity in Air India under its turnaround plan,\" a statement tabled in the Lok Sabha said. The government last month was forced to shelve its plan to sell a majority stake in the beleaguered airline due to lack of interest from bidders, in the latest setback in its efforts to rescue the loss-making carrier that has been kept afloat for years using taxpayer funds. UIDAI tells people to refrain from posting Aadhaar numbers on social mediaUnique Identification Authority of India (UIDAI) has issued an advisory, asking people to refrain from posting their Aadhaar numbers on the internet or social media sites, and posing challenges to others. Indiscriminate and unwanted publication of any personally sensitive information, whether Aadhaar or any other, may render the person concerned vulnerable and, therefore, should be avoided, cautioned UIDAI. The UIDAI advisory comes two days after TRAI Chairman RS Sharma courted controversy for posting his Aadhaar number on Twitter as a challenge.  Vijay Mallya's bail extended; UK court asks India to submit video of Mumbai jailAhead of the closing arguments in his extradition trial, embattled tycoon Vijay Mallya on Tuesday said that he was not guilty, and that the question of money laundering was completely false. Meanwhile, the Westminster court asked the Indian authorities to submit a video of Mumbai's Arthur Road Jail and extended Mallya's bail till September 12. Vijay Mallya is fighting extradition to India on the charges of fraud and money laundering amounting to around Rs 9,000 crore. If extradited, he could be kept in the Arthur Road jail. However, the defense counsel has cited poor conditions of the Indian jails as a reason for not to extradite Mallya.


BusinessToday.In
July 31, 2018
After pumping in billions to build 4G LTE infrastructure for mobile connectivity, Reliance Jio is gearing up for another challenge - its newly announced JioGigaFiber roll out.


BusinessToday.In
July 31, 2018
The IT bellwether had first replaced RIL as the most valued firm more than five years ago. And, in the bargain, Ambani's net worth has also shot up, since he holds a 44.5 per cent stake in the company.


BusinessToday.In
July 30, 2018
The government is mulling a single regulator and legislation to address all e-commerce related issues in the country.


BusinessToday.In
July 30, 2018
Reliance Retail, India's largest brick-and-mortar retail chain is now vying for a slice of the country's red-hot online retail market.


Nevin John
July 28, 2018
While its hydrocarbon exploration and production continues to be in shambles, the new businesses like Reliance Retail and Reliance Jio have shown signs of becoming the formidable force in their respective industries.


BusinessToday.In
New Delhi, July 27, 2018
The telecom operator saw its operating revenue grow 13.8 per cent quarter-on-quarter to Rs 8,109 crore during the quarter ended June 30, 2018 as opposed to Rs 7,128 crore in the March preceding quarter.


BusinessToday.In
New Delhi, July 27, 2018
We continue to focus on strong delivery through operational excellence in our portfolio of businesses. Financial results of 1Q FY19 underscore the strength of the petrochemicals we have reinforced over the last investment cycle, says Mukesh Ambani.


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