1. Govt to infuse Rs 320 cr in Allahabad Bank The Centre will infuse around ₹320 crore as capital in Allahabad Bank. Capital infusion is likely to be by way of "preferential allotment of equity ".
According to a notification to the bourses, the bank said: "The Finance Ministry.... has conveyed its decision to infuse capital funds to the tune of ₹ 320 crore... by way of preferential allotment of equity in favour of the Govt of India."
According to a notification to the bourses, the bank said: "The Finance Ministry.... has conveyed its decision to infuse capital funds to the tune of ₹ 320 crore... by way of preferential allotment of equity in favour of the Govt of India."
2. Microsoft buys Israeli digital pen maker N-trig Microsoft is buying N-trig, an Israeli provider of digital pens and chips for touch screens, for at least $200 million, the Calcalist financial news website said on Thursday.
Most of N-trig's 190 workers will be integrated into Microsoft Israel and will be part of a new research and development centre, Calcalist said, without citing sources.
Officials at N-trig and Microsoft in Israel could not be reached for comment.
N-trig was valued at $75 million when it raised money privately last February.
N-trig had revenue of $36.7 million in 2013, up 38 per cent from 2012. Revenue totalled $20.6 million in the first half of 2014, when it sold 1.3 million digital pens, more than three times the amount it sold in the same period of 2013.
Microsoft, which owns 6.1 per cent of the company, signed a deal last year to integrate N-trig' s pen in its Surface Pro 3 tablets. Other investors in the company include Evergreen Venture Partners, Canaan Partners and Tamares.
Customers for N-trig's technology include Sony, Fujitsu, Hewlett-Packard and Lenovo for use in smartphones, tablets and ultrabooks.
3. SpaceX Falcon 9 rocket successfully launched from Florida
Unmanned SpaceX Falcon 9 rocket has been successfully launched from Cape Canaveral Air Force Station, Florida on its third attempt.
It was carrying unmanned Deep Space Climate Observatory satellite. This satellite will be used by the US National Oceanic and Atmospheric Administration (NOAA) to monitor the Sun.
It will particularly monitor changes in solar wind and provide warnings on hazardous outbursts from our star to warn forecasters. In turn it will help forecasters to predict changes which affect satellites, power grids and communication systems.
4. Apple Inc. becomes first company worth over $700 bn in global corporate history
US technology giant Apple Inc. became the first company to reach a market value of $700 billion.
It was able to hit this milestone after its shares rose 1.9 per cent and closing at $122.02, which in turn increased company’s market value to $710 billion.
Earlier in January 2015, Apple Inc had recorded highest quarterly profit of 18 billion US dollar in corporate history worldwide after the company sold 74.5 million iPhones in quarter ending December 2014.
With its $710 billion market value Apple is far ahead from the number two company, oil giant Exxon Mobil, which is worth around $382 billion in terms of market value.
5. India Cements transfers Chennai Super Kings franchise to new subsidiary
India Cements has transferred the Indian Premier League (IPL) team- Chennai Super Kings Cricket (CSK) franchise to its new subsidiary Chennai Super Kings Cricket (CSKC) Limited.
This decision was taken by India Cements Vice-Chairman and Managing Director (MD) N Srinivasan led company’s Board of Directors meeting held in Chennai, Tamil Nadu.
While demerging CSK, the Board has approved a reorganisation plan for the newly formed subsidiary. This move will also help shareholders of India Cements exercise their choice- to own only the cement business or the cricket franchise or both
With this decision, CSK will be first franchise team in IPL history to be owned by the shareholders of a company.
6. Web-based tool Atrocity Tracking and Monitoring System launched
A unique web-based tool, named Atrocity Tracking and Monitoring (ATM) System was launched in second week of February 2015. The tool was launched with an aim to monitor atrocities perpetrated against Dalits and Adivasis and to deliver timely and speedy justice.
The tool was launched by National Dalit Movement for Justice (NDMJ).
The SC/ST PoA (Prevention of Atrocities) Act (NCSPOA) 1989, an Act passed by the Parliament of Act was enacted to prevent atrocities against scheduled castes and scheduled tribes.
To strengthen SC/ST PoA (Prevention of Atrocities) Act (NCSPOA), NDMJ has started an initiative named National Coalition.
7. Himachal Pradesh Government launched Crime and Criminal Tracking Network System Project
Himachal Pradesh Chief Minister Virbhadra Singh on 11 February 2015 launched the Crime and Criminal Tracking Network System (CCTNS) project in the state.
This 19 crore rupees project will be completely funded by the Union Government. It will help in connecting 177 sites and 114 police stations in the state besides 13 district headquarters, 26 sub-divisional police officers and three police ranges along with state crime records bureau.
It will also connect CID crime branch, 14 control rooms, finger print bureau, forensic science laboratory and 16 CCTNS training centers in the state.
The project will also provide multiple channels to access citizen centric services from police and online access for registering petitions. The police will make available general services such as request for certificates, verifications and permissions via citizen portal.
The project was undertaken as a Mission Mode Project under the National e-governance plan which had been visualized with key objectives of reaching out to the public in quicker manner along with enhancing the working capabilities of the police department.
8. ICICI Bank ties up with UAE Exchange for instant money transfer
ICICI Bank has tied up with UAE Exchange to offer an instant bank transfer service to the Indians residing in the Gulf nation.
’FLASHremit’ service started by the bank enables customers to conveniently send money instantly to their beneficiaries in India in Indian Rupees.
“By using the services the customers of the bank, residing in the UAE, can send money instantly to any ICICI Bank account in India,” a statement released here said.
Customers of ICICI Bank will be able to avail this service by visiting any of the over 135 branches of UAE Exchange in UAE including over 15 branches across the Dubai Metro network.
“Our experience of serving more than 1.5 million NRIs across the globe for over a decade has helped us build significant expertise in the field of remittances, said Vijay Chandok, President, ICICI Bank.
Additionally, an instant SMS confirmation is sent to the sender and receiver informing about the credit, thus eliminating any follow up.
“The service is available to our customers 24 X 7 and 365 days a year. Our partnership with UAE Exchange is a reinforcement of our commitment to deliver best-in-class service propositions to NRIs across the UAE,” he said.
“India continues to receive the maximum amount of remittances in the world and has a large expatriate population living outside the country,” said Promoth Manghat, Dy. CEO, UAE Exchange.
With over 3,800 branches in India, ICICI Bank has the largest branch network among private sector banks in the country.
UAE Exchange currently it has over 750 branches across 32 countries, and is the world’s largest networked remittance brand. Its strong correspondent banking relationship, with close to 150 global banks, adds to the might.
9. Facebook, partners unveil alliance on cybersecurity
Facebook, Yahoo and other technology firms announced the creation of a “ThreatExchange” to share information to help thwart cyberattacks.
“ThreatExchange is built on the existing Facebook platform infrastructure... so that partner companies can query the available threat information and also publish to all or a subset of participating organisations,” the social network said in a statement.
The statement said Pinterest, Tumblr, Twitter, and Yahoo have been working on the program and new partners including Bitly and Dropbox.
“We have a vested interest in making the Internet safer and giving people better ways to connect and share,” Facebook said.
“After working with a number of our peer companies to refine the structure and implementation, we are ready to introduce ThreatExchange and see what we can learn from each other.”
The move comes amid a stalled effort in Congress to pass cybersecurity legislation that would make it easier for a company to share information about threats without fear of liability.
The Obama administration, meanwhile, unveiled plans this week for a new US intelligence centre to integrate information about cyber threats, aiming for the same kind of coordination used to battle terrorism.
1. Govt to infuse Rs 320 cr in Allahabad Bank The Centre will infuse around ₹320 crore as capital in Allahabad Bank. Capital infusion is likely to be by way of "preferential allotment of equity ".
According to a notification to the bourses, the bank said: "The Finance Ministry.... has conveyed its decision to infuse capital funds to the tune of ₹ 320 crore... by way of preferential allotment of equity in favour of the Govt of India."
According to a notification to the bourses, the bank said: "The Finance Ministry.... has conveyed its decision to infuse capital funds to the tune of ₹ 320 crore... by way of preferential allotment of equity in favour of the Govt of India."
2. Microsoft buys Israeli digital pen maker N-trig Microsoft is buying N-trig, an Israeli provider of digital pens and chips for touch screens, for at least $200 million, the Calcalist financial news website said on Thursday.
Most of N-trig's 190 workers will be integrated into Microsoft Israel and will be part of a new research and development centre, Calcalist said, without citing sources.
Officials at N-trig and Microsoft in Israel could not be reached for comment.
N-trig was valued at $75 million when it raised money privately last February.
N-trig had revenue of $36.7 million in 2013, up 38 per cent from 2012. Revenue totalled $20.6 million in the first half of 2014, when it sold 1.3 million digital pens, more than three times the amount it sold in the same period of 2013.
Microsoft, which owns 6.1 per cent of the company, signed a deal last year to integrate N-trig' s pen in its Surface Pro 3 tablets. Other investors in the company include Evergreen Venture Partners, Canaan Partners and Tamares.
Customers for N-trig's technology include Sony, Fujitsu, Hewlett-Packard and Lenovo for use in smartphones, tablets and ultrabooks.
3. SpaceX Falcon 9 rocket successfully launched from Florida
Unmanned SpaceX Falcon 9 rocket has been successfully launched from Cape Canaveral Air Force Station, Florida on its third attempt.
It was carrying unmanned Deep Space Climate Observatory satellite. This satellite will be used by the US National Oceanic and Atmospheric Administration (NOAA) to monitor the Sun.
It will particularly monitor changes in solar wind and provide warnings on hazardous outbursts from our star to warn forecasters. In turn it will help forecasters to predict changes which affect satellites, power grids and communication systems.
4. Apple Inc. becomes first company worth over $700 bn in global corporate history
US technology giant Apple Inc. became the first company to reach a market value of $700 billion.
It was able to hit this milestone after its shares rose 1.9 per cent and closing at $122.02, which in turn increased company’s market value to $710 billion.
Earlier in January 2015, Apple Inc had recorded highest quarterly profit of 18 billion US dollar in corporate history worldwide after the company sold 74.5 million iPhones in quarter ending December 2014.
With its $710 billion market value Apple is far ahead from the number two company, oil giant Exxon Mobil, which is worth around $382 billion in terms of market value.
5. India Cements transfers Chennai Super Kings franchise to new subsidiary
India Cements has transferred the Indian Premier League (IPL) team- Chennai Super Kings Cricket (CSK) franchise to its new subsidiary Chennai Super Kings Cricket (CSKC) Limited.
This decision was taken by India Cements Vice-Chairman and Managing Director (MD) N Srinivasan led company’s Board of Directors meeting held in Chennai, Tamil Nadu.
While demerging CSK, the Board has approved a reorganisation plan for the newly formed subsidiary. This move will also help shareholders of India Cements exercise their choice- to own only the cement business or the cricket franchise or both
With this decision, CSK will be first franchise team in IPL history to be owned by the shareholders of a company.
6. Web-based tool Atrocity Tracking and Monitoring System launched
A unique web-based tool, named Atrocity Tracking and Monitoring (ATM) System was launched in second week of February 2015. The tool was launched with an aim to monitor atrocities perpetrated against Dalits and Adivasis and to deliver timely and speedy justice.
The tool was launched by National Dalit Movement for Justice (NDMJ).
The SC/ST PoA (Prevention of Atrocities) Act (NCSPOA) 1989, an Act passed by the Parliament of Act was enacted to prevent atrocities against scheduled castes and scheduled tribes.
To strengthen SC/ST PoA (Prevention of Atrocities) Act (NCSPOA), NDMJ has started an initiative named National Coalition.
7. Himachal Pradesh Government launched Crime and Criminal Tracking Network System Project
Himachal Pradesh Chief Minister Virbhadra Singh on 11 February 2015 launched the Crime and Criminal Tracking Network System (CCTNS) project in the state.
This 19 crore rupees project will be completely funded by the Union Government. It will help in connecting 177 sites and 114 police stations in the state besides 13 district headquarters, 26 sub-divisional police officers and three police ranges along with state crime records bureau.
It will also connect CID crime branch, 14 control rooms, finger print bureau, forensic science laboratory and 16 CCTNS training centers in the state.
The project will also provide multiple channels to access citizen centric services from police and online access for registering petitions. The police will make available general services such as request for certificates, verifications and permissions via citizen portal.
The project was undertaken as a Mission Mode Project under the National e-governance plan which had been visualized with key objectives of reaching out to the public in quicker manner along with enhancing the working capabilities of the police department.
8. ICICI Bank ties up with UAE Exchange for instant money transfer
ICICI Bank has tied up with UAE Exchange to offer an instant bank transfer service to the Indians residing in the Gulf nation.
’FLASHremit’ service started by the bank enables customers to conveniently send money instantly to their beneficiaries in India in Indian Rupees.
“By using the services the customers of the bank, residing in the UAE, can send money instantly to any ICICI Bank account in India,” a statement released here said.
Customers of ICICI Bank will be able to avail this service by visiting any of the over 135 branches of UAE Exchange in UAE including over 15 branches across the Dubai Metro network.
“Our experience of serving more than 1.5 million NRIs across the globe for over a decade has helped us build significant expertise in the field of remittances, said Vijay Chandok, President, ICICI Bank.
Additionally, an instant SMS confirmation is sent to the sender and receiver informing about the credit, thus eliminating any follow up.
“The service is available to our customers 24 X 7 and 365 days a year. Our partnership with UAE Exchange is a reinforcement of our commitment to deliver best-in-class service propositions to NRIs across the UAE,” he said.
“India continues to receive the maximum amount of remittances in the world and has a large expatriate population living outside the country,” said Promoth Manghat, Dy. CEO, UAE Exchange.
With over 3,800 branches in India, ICICI Bank has the largest branch network among private sector banks in the country.
UAE Exchange currently it has over 750 branches across 32 countries, and is the world’s largest networked remittance brand. Its strong correspondent banking relationship, with close to 150 global banks, adds to the might.
9. Facebook, partners unveil alliance on cybersecurity
Facebook, Yahoo and other technology firms announced the creation of a “ThreatExchange” to share information to help thwart cyberattacks.
“ThreatExchange is built on the existing Facebook platform infrastructure... so that partner companies can query the available threat information and also publish to all or a subset of participating organisations,” the social network said in a statement.
The statement said Pinterest, Tumblr, Twitter, and Yahoo have been working on the program and new partners including Bitly and Dropbox.
“We have a vested interest in making the Internet safer and giving people better ways to connect and share,” Facebook said.
“After working with a number of our peer companies to refine the structure and implementation, we are ready to introduce ThreatExchange and see what we can learn from each other.”
The move comes amid a stalled effort in Congress to pass cybersecurity legislation that would make it easier for a company to share information about threats without fear of liability.
The Obama administration, meanwhile, unveiled plans this week for a new US intelligence centre to integrate information about cyber threats, aiming for the same kind of coordination used to battle terrorism.
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