RBI asks NBFCs to appoint chief risk officers

KOLKATA: The Reserve Bank of India told non-banking finance companies with assets size of over Rs 5,000 crore to appoint a chief risk officer to improve standards of their risk management. “With the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices,” the central bank […]

Update your WhatsApp ASAP: Newly-discovered spyware can infect a phone just by a WhatsApp call

BENGALURU: WhatsApp, the popular end-to-end encrypted owned by Facebook, has asked users to update to the latest version of the app following the discovery of a spyware to be injected into a user’s phone through its phone calling feature. The spyware was developed by the Israeli cyber intelligence company NSO Group, according to a news […]

Now Jio launches an IRCTC like app for booking train tickets

Reliance Jio has launched an application called JioRail for its JioPhones. The app will allow customers to book and cancel tickets by using debit cards, credit cards and e-wallets, check PNR status, train information, timings, routes, seat availability and several other services. Available on the Jio App Store, the JioRail app also allows Tatkal booking […]

HDFC Ergo and IBM to jointly setup data lab in India

MUMBAI: General insurance company HDFC Ergo and technology major IBM have jointly set up a lab in India to run deep analytics on customer data and subsequently develop customised solutions to improve business efficiency and profitability. The ‘IBM Garage’ with a team of 25 experts, including data scientists, technology architects and design engineers from IBM […]

No change in poll times, says Supreme Court

The Supreme Court on Monday refused to advance the timing of polls from 7 a.m. to 4.30 a.m. or 5 a.m. for the seventh and last phase of the Lok Sabha polls, considering the heat wave and that it is the holy month of Ramzan during which Muslims fast during the day time. A Vacation […]

Airtel scraps low-value postpaid plans

Bharti AirtelNSE -1.59 % has scrapped its low-valued postpaid plans of less than Rs 499 across circles and halved the total number of its offers for this higher-paying user segment to four, to boost its revenue per user, lower costs, and improve profitability. The Sunil Mittal-led mobile operator has now made Rs 499 the entry […]

Satya Nadella Has Built World’s 1st Election Software That Lets You Track Your Vote Till End

It’s only natural people worry about the sanctity of elections. They are after all trying to pick their policymakers. But since the Cambridge Analytica scandal, we’ve gotten warier of interference in general. So Satya Nadella’s Microsoft has just released a software kit it thinks could help us rest easy. At the Build 2019 developer conference […]

5 things to know about Form 16

1. Form 16 is a certificate issued by an employer, certifying that the TDS is deducted from the salary of the employee and deposited with the government. 2. The form’s Part A contains employer’s TAN, PAN of employer and employee, address, assessment year, employment period and summary of TDS deposited with government. 3. The Part […]

Documents required for filing ITR

The government has notified the income tax return (ITR) forms for FY 2018-19. This means that you can now start collecting the documents need to file your ITR for FY 2018-19. Although you have till July 31, 2019 to file your return, keeping the required documents handy in advance will make the process easier. Here […]

Automated GST refund for exporters by next month

NEW DELHI: Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department plans to introduce faceless scrutiny of refunds and faster claim settlement, an official said. Under GST, every person making a claim of refund on account of ‘zero-rated’ supplies […]

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