SBI begins operations as merged entity from April 1

SBI begins operations as merged entity from April 1

Mumbai (Maharashtra) [India], Apr. 1 : The State Bank of India has merged its five Associate Banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore besides Bharatiya Mahila Bank - with itself with effect from April 1.

With this six-way mega merger, the SBI has joined the league of top 50 banks globally in terms of assets.

The total customer base of the bank is now expected to reach 37 crore with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

The merged entity will have a deposit base of more than Rs. 26 lakh crore and advances level of 18.50 lakh crore.

PVR Cinemas launches first four-screen multiplex in Ranchi

PVR Cinemas launches first four-screen multiplex in Ranchi

New Delhi [India], Apr. 1 : Multiplex chain PVR Cinemas launched its first multiplex in the capital city of Jharkhand- Ranchi. With this, PVR Cinemas has successfully established its presence in 50 cities across India.

The newly launched four-screen property is the largest and the most premium multiplex of the city, situated in the heart of Ranchi. Being elected to be developed as a smart city under the Government of India's ' Smart City Project'; Ranchi has witnessed tremendous development in the recent times. This surge of expansion has also opened opportunities resulting in a diverse population with evolved entertainment consumption patterns.

CBDT's APA Program crosses the 150 mark

CBDT's APA Program crosses the 150 mark

New Delhi [India], Apr. 1 : The Central Board of Direct Taxes (CBDT) entered into nine new Advance Pricing Agreements (APAs) during the last two days of the current financial year, thus crossing the 150 mark.

'Improved' wireless communication systems come closer to reality

'Improved' wireless communication systems come closer to reality

Washington D.C. [USA], Apr. 1 : A team of scientists has paved the way for ultrafast and reconfigurable on-chip wireless communication systems with unmatched advantages in compactness, low power consumption and low fabrication complexity.

Researchers from the University of Sydney made a breakthrough achieving radio frequency signal control at sub-nanosecond time scales on a chip-scale optical device.

Radio frequency (RF) is a particular range of electromagnetic wave frequencies, widely used for communications and radar signals. The work should impact the current wireless revolution.

Idea launches 4G services in Assam

Idea launches 4G services in Assam

New Delhi [India], Apr. 1 : Telecom operator Idea Cellular on Friday launched its 4G services in Assam circle, starting with five towns, namely Jorhat, Tezpur, Nagaon, Bongaigaon and Lumding, and is looking to further expand 4G network to cover 13 towns including Guwahati, by April 2017.

Idea also unveiled Digital Idea, a suite of digital applications for consumers in Assam. As part of the Digital Idea offerings, the company will offer a suite of three entertainment apps - Idea Music Lounge, Idea Movie Club and Idea Game Spark for its 13 lakh customers in Assam.

Tata Motors, Jayem Automotives announces joint venture for performance enhancement

Tata Motors, Jayem Automotives announces joint venture for performance enhanceme

New Delhi [India], Mar 31 : Tata Motors on Friday announced the launch of JT Special Vehicles Pvt. Ltd., a 50:50 joint venture with Jayem Automotives Pvt. Ltd., for the development of special performance vehicles based on the latest series products.

As part of the agreement, both Tata Motors and Jayem Automotives will work towards performance enhancement and appearance of series vehicles to offer an exciting and innovative range of niche aspirational products for the passenger car customers.

Satellite galaxies at edge of Milky Way coexist with dark matter

Satellite galaxies at edge of Milky Way coexist with dark matter

Washington D.C. [USA], Mar. 31 : A new research has ruled out a challenge to the accepted standard model of the universe and theory of how galaxies form by shedding new light on a problematic structure.

The vast polar structure, a plane of satellite galaxies at the poles of the Milky Way, is at the center of a tug-of-war between scientists who disagree about the existence of mysterious dark matter, the invisible substance that, according to some scientists, comprises 85 percent of the mass of the universe.

The paper bolsters the standard cosmological model, or the Cold Dark Matter paradigm, by showing that the vast polar structure formed well after the Milky Way and is an unstable structure.

More trees, less global warming? Not exactly

More trees, less global warming? Not exactly

Washington D.C. [USA], Mar. 31 : Trees are considered as one of our biggest natural allies in the war against global warming, but in a new twist, scientists have found that the army of green is spewing out methane.

The University of Delaware study is one of the first in the world to show that tree trunks in upland forests actually emit methane rather than store it, representing a new, previously unaccounted source of this powerful greenhouse gas.

Methane is about 25 times stronger than carbon dioxide, with some estimates as high as 33 times stronger due to its effects when it is in the atmosphere.

Genius launches portable Bluetooth enabled speakers at Rs.3050

Genius launches portable Bluetooth enabled speakers at Rs.3050

New Delhi [India], Mar 31 : Global brand in personal peripheral devices for the digital world Genius on Friday announced its India launch of compact but powerful portable Bluetooth speakers at Rs.3050.

However, the product is also available on Amazon for an introductory offer price of Rs.1699 only.

With built-in microphone, the SP-906BT and the SP-906BT Plus feature superb clear audio, stunning loudness and extra heavy bass which is smaller and lighter than a baseball.

SP-906BT Series gives people on-the-go more than 10 hours of continuous playing, that's almost more than 200 songs, perfect for personal enjoyment, outdoor activities or hanging out with friends.

The exquisite audio and powerful bass of these products gives its users an amazingly clear and loud sound.

Software Alliance advances encryption debate with BSA Encryption Principles

Software Alliance advances encryption debate with BSA Encryption Principles

New Delhi [India], Mar 31 : The Software Alliance is sharing the BSA Encryption Principles - an analytical tool for examining related legislation and policy proposals.

With these principles, BSA aims to help lawmakers and other stakeholders find common ground in the encryption debate by addressing the needs and responsibilities of all sides.

"These principles offer a concrete step to help move the encryption discussion forward," said president and CEO of BSA, Victoria Espinel.

Female weed smokers at high risk of failing addiction treatments

Female weed smokers at high risk of failing addiction treatments

Washington D.C. [USA], Mar. 30 : A new study has suggested that the use of cannabis may impact treatment in women undergoing methadone treatment therapy.

Researchers from McMaster University and St. Joseph's Healthcare Hamilton have found that women in methadone treatment who use cannabis are 82 per cent more likely to continue using opioids. This means that women who use cannabis are at high risk of failing methadone treatment.

"About 60 per cent of men and 44 per cent of women who are undergoing methadone treatment therapy also use cannabis," said senior author Zena Samaan. "Tailoring treatment to the patient's sex can help us to assess the patient's risk better and deliver more accurate, personalized treatment."

Ericsson collaborates with IIT Delhi to launch '5G for India' program

Ericsson collaborates with IIT Delhi to launch '5G for India' program

New Delhi [India], Mar. 30 : Ericsson and the Indian Institute of Technology Delhi (IIT Delhi) have signed a memorandum of understanding to jointly roll out a '5G for India' program.

To this regard, Ericsson will set up a Center of Excellence with a 5G test bed and incubation center at IIT Delhi and use this facility to drive the development of the country's 5G ecosystem.

This program has been conceptualised to fast-track realisation of Digital India initiatives and aid application development for Indian start-ups and industries.

In addition to hosting the Center of Excellence, IIT Delhi will conduct research and development to explore how some of the country's challenges can be addressed with mobile technologies.

Vikram Solar, Water-Gen collaborate to provide clean drinking water in India

Vikram Solar, Water-Gen collaborate to provide clean drinking water in India

New Delhi [India], Mar. 30 : Leading Solar EPC player Vikram Solar Pvt. Ltd. signed a Memorandum of Understanding (MoU) with Israel's Water-Gen, a pioneer in air-to-water technology, to develop and introduce their path-breaking clean, hygienic drinking water solutions in the country.

The technology, developed by Water-Gen to create and store drinking water by harvesting condensation from the air, provides a potential solution to the clean and safe drinkable water crisis faced by India.

The larger objective of this collaboration is to make available drinking water to the remote locations of the country using its rich natural resources - air and humidity. The cost-effectiveness of the technology is an added bonus that will help make the solution available to the masses.

Jabong announces addition of Aeropostale to its portfolio

Jabong announces addition of Aeropostale to its portfolio

New Delhi [India], Mar 30 : Continuing with the new label launch spree in the month of March, India's leading fashion e-tailer, Jabong has announced the addition of yet another leading American high-street fashion wear brand, Aeropostale, to its product portfolio.

The New York based iconic specialty retailer of casual apparel and accessories for teen will be available on Jabong for women and men in more than 600 variants across categories such as capris, dresses, jeans, joggers, jumpsuits, leggings, shorts, skirts, t-shirts, tops, jeggings, innerwear, casual shirts, polos and chinos with prices ranging from Rs.599 to Rs.2999. Jabong is also offering an inaugural discount of Rs.500 on purchases for Rs.2999 and above for all Aeropostale products.

RBI announces closure of all payment systems on April 1

RBI announces closure of all payment systems on April 1

New Delhi [India], Mar. 30 : Contrary to its previous announcement that was circulated with regards to banks being operational on April 1, the Reserve Bank of India (RBI) in a revised circular stated that all payment systems will be closed on the aforementioned date.

In a circular dated March 24, the RBI announced that it is mandatory for banks to render services on all days starting March 25, up to April 1. This was also applicable to RTGS and NEFT transactions.

World's largest corporate Masala bond starts trading on London Stock Exchange

World's largest corporate Masala bond starts trading on London Stock Exchange

New Delhi [India], Mar 30 : London Stock Exchange today welcomes the world's largest corporate Masala bond. The landmark bond issuance from Housing Development Finance Corp (HDFC), one of India's leading banking and financial services companies comes less than 12 months after HDFC's INR 30 billion (USD 450 million) debt issuance in London, the first ever Indian corporate to list a Masala bond.

Grameen Koota raises Rs.250 crore from CreditAccess Asia

Grameen Koota raises Rs.250 crore from CreditAccess Asia

New Delhi [India], Mar 30 : Grameen Koota Financial Services Private Limited (Grameen Koota) has raised Rs. 250 crore from its holding company, CreditAccess Asia (CAA), headquartered in Amsterdam, which is the leading multi-country Microfinance operator in India and South-East Asia. Part of the infusion, Rs.50 crore, will be provided in the form of equity and the remainder, Rs.200 crore will be provided in the form of Compulsory Convertible Debentures (CCDs).

SBI Card launches 'SBI Card Unnati' credit card to facilitate digital payments nationwide

SBI Card launches 'SBI Card Unnati' credit card to facilitate digital payments

New Delhi [India], Mar. 30 : SBI Card, one of India's leading credit card issuers announced the launch of a credit card, 'SBI Card Unnati', targeted at all State Bank of India (SBI) customers, including Jan Dhan account holders, throughout the country.

The card, launched at an event by Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy and Mines in the Government of India, will place the power of card transactions in the hands of first time credit card users, including those who do not have a credit history.

MSEI to organise mock trading sessions on April 1

MSEI to organise mock trading sessions on April 1

New Delhi [India], Mar. 30 : Metropolitan Stock Exchange of India Limited (MSEI), the third national level stock exchange is all set to conduct a mock trading session in equity, equity derivatives and currency derivatives segments on April 1, 2017.

As per Securities and Exchange Board of India's ( SEBI's) requirements, mock trading is conducted on a monthly basis by all the stock exchanges-MSEI, BSE and NSE to test trading and risk management-related systems and applications.

All MSEI members are encouraged to participate in the mock trading to test the system's performance. Trading members, using in-house or empanelled vendor's algorithms, are required to take part in the session with their user-ids.

Google launches Knowledge Graph in Bengali language

Google launches Knowledge Graph in Bengali language

New Delhi [India], Mar. 30 : In an attempt to assist Bengali speakers discover new information quickly, Google on Wednesday announced the introduction of Knowledge Graph in Bengali language on Google Search.

Google Search will now also support spell correction for Bengali queries improving the Search experience for the millions of Bengali speakers around the world.

The Knowledge Graph enables users to search for things, people or places that Google knows about-landmarks, celebrities, cities, sports teams, buildings, geographical features, movies, celestial objects, works of art and more. The feature allows users to get straight to the answer and displays other relevant information.

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