Category: Technology

BankBazaar raises US$30 million from investors group led by Experian

BankBazaa

BankBazaar raises US$30 million from investors group led by Experian

r.com, India’s leading financial marketplace with 50 million visits per quarter, has raised US$30 million in a funding round led by Experian, the world’s largest credit rating agency and information Management Company.

Speaking about the investment, Adhil Shetty, CEO, BankBazaar, said, “Experian is a global leader in credit reporting and information management, and we are very excited to have them on board as a part of our investor group which includes Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International. There is a natural synergy between the world’s largest information management company and one of the fastest-growing fintech companies. The funds from this round will be used to further strengthen our position as the leader in secure paperless access to loans, cards, and mutual funds. Experian will enable us to accelerate towards our vision of paperless access to all financial products.”Read Morehttp://www.varindia.com/news/bankbazaar-raises-us30-million-from-investors-group-led-by-experian

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Kotak Mahindra inks partnership with Samsung India

Kotak Mahindra inks partnership with Samsung IndiaKotak Mahindra Bank and Samsung India have announced expansion of Samsung Pay platform for Kotak’s Visa Credit and Debit Cardholders. According to the company, with this, Kotak customers can now tap and pay using their Samsung smartphones at merchant outlets having card acceptance machines.

The company has revealed that the collaboration significantly enhances consumer convenience and gives a fillip to the country’s “Digital India” mission. In addition to Kotak’s other digital payment solutions including UPI, Bharat QR Code, and One Time Fund Transfer on the bank’s mobile banking platform, Samsung Pay will enable Kotak customers to make contactless and cardless payments….Read Morehttp://www.varindia.com/news/kotak-mahindra-inks-partnership-with-samsung-india

Is Apple working with LG to launch a foldable iPhone by 2020?

Is Apple working with LG to launch a foldable iPhone by 2020We understand that Apple has been working on a lot of innovations from time to time – the latest being a TouchID embedded into its iPhone display or the FaceID complemented by a bezel-less display. The iPhone X has been a revolution for Apple in terms of design. Its Home button, later integrated with TouchID, has been a part of the iconic design for years.

However, this may not be the latest innovation like we all have been expecting.

If the Korean news outlet The Bell can be believed, Apple is reportedly working with LG to come up with a flexible display. The result is that by 2020, we are going to see foldable iPhones in production. With the company getting positive feedback on its innovation designs so far, trying something new again could be a great idea for Apple….

Read Morehttp://www.varindia.com/news/is-apple-working-with-lg-to-launch-a-foldable-iphone-by-2020

RBI orders online marketplaces to settle seller payments in 2 days

RBI orders online marketplaces to settle seller payments in 2 daysReserve Bank of India (RBI) has mandated e-commerce firms to clear seller payments within two days from the date of intimation of the completion of transaction.

In response to a news portal, RBI’s makes it clear that the completion of transaction here means the act of making the payment, to which presently, the majority of e-commerce companies take a week to 15 days to settle payments to sellers.

It is reported that the online marketplaces have been ordered to follow the 2009 guidelines pertaining to the settlement of payments for electronic transactions involving intermediaries by RBI….Read More

Indian Promoter finds confidence in Indian IT industry : Fourth Dimension

Indian Promoter finds confidence in Indian IT industryIn a bid to move its current filing with NSE-Emerge, an Indian IT company, Fourth Dimension Solutions Limited, has decided to issue shares (three lac shares)to be subscribed by its promoter at a price which is higher than the current share price. The Indian promoter showing confidence in the Indian IT industry will subscribe the shares in the IT company at Rs. 78/- per share when the market price of the its share is being traded at around Rs. 51/- per share.

Fourth Dimension Solutions Ltd is an IT company mainly engaged in large System Integration IT projects, both in government as well as commercial segment. This is a rare instance in the history of listed entities that the promoter is subscribing shares at 53% higher than the traded price. This should give impetus to the overall market sentiments regarding the scrip. Besides this the company will also issue shares in the non-promoter category as well at Rs.78/- in a recent report to NSE says….Read More

IMEI Tampering could send you Jail for 3 Years

IMEI Tampering could send you Jail for 3 YearsWith a recent mandate of Law on tampering of IMEI number- which is a 15-digit serial number of mobile devices, – a punishable offence that can attract jail term of up to 3 years as it seeks to curb incidence of mobile theft. The move will help curb issues pertaining to fake IMEI numbers and also ease tracking of lost mobile phones. “It shall be unlawful, if a person, except the manufacturer – intentionally removes, obliterates, changes, or alters unique Mobile Device Equipment Identification Number,” the Department of Telecom said in a notification dated 25 August.

The new rules called “the prevention of tampering of the Mobile Device Equipment Identification Number, Rules, 2017” bar a person from knowingly using mobile device whose IMEI number has been changed unlawfully or software that can change or tamper the unique number. IMEI is a unique ID of a mobile handsets. Since,IMEI is a unique ID of a mobile handset. Whenever a user makes a call, the call record shows phone number of the caller and IMEI number of the handset from which the call has been made.. Whenever a user makes a call, the call record shows phone number of the caller and IMEI number of the handset from which the call has been made….Read More