Maveric Systems rolls out academy to groom data technology experts
The academy was founded by the company as a response to train big data technologists to address banks’ digital transformation challenges. The platform will serve as a means to upskill and cross-skill fresh graduates, interns and existing employees, and then deploy them on live projects.
RBI monitoring NBFCs to prevent systemic shocks; better companies getting pre-IL&FS rates
Central bank’s watching the top 50 NBFCs much more closely and is making deep dive into their books, their balance sheets and other numbers wherever necessary, says Governor Shaktikanta Das. He said that RBI has a fairly good idea of where the vulnerabilities lie. It is holding periodic discussions with the management and promoters of NBFCs.
Bonds extend losses, yields hit six-week high
RBI action disappointed the market as traders anticipated a cut following New Delhi’s sluggish economic growth.
Strong US job growth highlights economy's resilience
Nonfarm payrolls increased by 266,000 jobs last month, with manufacturing recouping all the 43,000 positions lost in October.
BSE Star MF does 3.4 crore transactions worth Rs 1.17 lakh cr in FY20
The number of transactions in the period under review was 56 per cent higher compared with the year-ago period.
FICCI urges government to revisit tendering system for construction work contracts
Experience in India has shown that officials in procuring departments and agencies, in order to maintain utmost probity and transparency, prefer to adopt the least cost principle for the award of contracts.
Share market update: Auto shares in the green; Bharat Forge up 1%
The Nifty Auto index was trading 0.24 per cent up at 7960.95 .
LG Murmu asks for rooftop solar systems for all government buildings in Jammu and Kashmir
Murmu directed to conduct audit of all 220 KV and 132 KV transmission line towers and take corrective measures before the start of the next winter season to prevent damage to power structure, he said.
Greg Hyttenrauch named Cognizant EVP, President of Digital Systems & Technology
Prior to Vodafone, Hyttenrauch spent seven years at Capgemini, holding leadership roles that included Deputy CEO, Global Infrastructure Services, and Global Sales Officer and CEO of the UK and Nordics Outsourcing Business Unit.
White House considered kicking Huawei out of US banking system: Sources
The plan, which was ultimately shelved, called for placing Huawei Technologies Co Ltd, the world's second largest smartphone producer, on the Treasury Department's Specially Designated Nationals (SDN) list. One of the people familiar with the matter, who favors the move, said it could be revived in the coming months depending on how things go with Huawei.
Aadhaar enabled payment system growth slows in FY20
AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.
Indian government's loan bonanza seen a temporary salve and a long-term pain
Reviving a practice not used in three decades, India's government in September ordered state-run banks to hold more than 400 loan "melas" or fairs across the country over the following month - a measure aimed at boosting economic growth at six-year lows and lending growth at its weakest in three years.
Oppo takes startup route to build local services; says filed 5G patents from India
The handset maker had recently inked agreements with Telangana and Kerala state governments to develop and support start-ups and entrepreneurs working in areas specific to image processing, battery, 5G networks, payments, Artificial Intelligence, and gaming.
Top shadow banks soothed by yield-hungry global funds
The government needs a healthier shadow banking sector as it tries to boost economic growth.
Geospatial industry leaders seek integrated geospatial policy under PMO-led agency
At present, India has as many as 17 national-level geospatial policies and rules (four in draft stage) under six ministries/departments. There are no clear guidelines on data sharing between various ministries and their departments. When a department gathers data for its own use, it doesn’t share the information with another arm of the government.
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