MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model providers, warning that a common technology dependency could allow a disruption at one provider to spread across multiple financial institutions.Speaking at the Global Fintech Fest in Mumbai on Wednesday, Jain said…
Devyn Dalton speaks about how she blew up on the internet after Matt Damon praised her. (Image credits: Instagram) Matt Damon’s spectacular physique in Christopher Nolan’s ‘The Odyssey’ has been a treat for the audience. Several praises are floating around on social media; however, in many battle scenes, including fighting giant armoured cannibals (the Laestrygonians),…
The unprecedented surge has seen an estimated 60,000 people enter Ceuta Videos circulating online showed large numbers of people entering the sea and swimming around the border fence separating Morocco from Ceuta The unprecedented surge has seen an estimated 60,000 people enter Ceuta Videos circulating online showed large numbers of people entering the sea and…
NEW DELHI: Noting that a commercial suit filed in 2015 was still at the evidence stage in Delhi HC, Supreme Court said even a snail would question the speed at which the trial was proceeding. The court passed the observation while rejecting a plea by Levitate Mobile Technologies Pvt Ltd (LMT) to introduce additional documents…
Pakistan Cricket Board (PCB) on Monday fined Naseem Shah 20 million Pakistani rupees for posting tweets that were found to be in violation of his central contract.According to ESPNcricinfo, this was the ‘the largest fine in Pakistan cricket history’.The board said its disciplinary committee held Shah guilty of breaching contract clauses and acting irresponsibly on…
Mumbai: RBI has proposed a new framework under which banks will temporarily freeze only the disputed transaction amount, rather than the entire account, when unusual transfers of Rs 1,000 or more are flagged as potentially linked to mule accounts or cyber fraud.Banks will be required to use AI-based transaction monitoring systems to identify transfers that…
The search for the next James Bond has officially begun.At a time when various news reports have been throwing up different actors as the front runners to play bond, Amazon MGM Studios has officially started auditioning actors for the iconic role of 007 in recent weeks, states a report in Variety.The film will now mark…
MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures weighed on the currency.The decline comes amid a widening current account deficit, continued selling by foreign investors, and broader macroeconomic pressures, while global developments…
For the uninitiated, now in its seventh year, the SYD100 Scholarship was set up to support people from underrepresented backgrounds in aviation including women and young people from diverse cultural and socioeconomic backgrounds. For Angel Marino, the life-changing journey began thousands of feet in the air. Her first flight was at the tender age of…
Piyush Goyal and Yeo Han-Koo (File photo) India and South Korea are likely to hold negotiations on May 25 to review their Comprehensive Economic Partnership Agreement (CEPA), amid India’s push to address concerns over the widening trade deficit with Seoul, PTI reported.The CEPA between the two countries came into force in January 2010. “The officials…
