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City Union Bank suffered cyber hack via SWIFT system

S
India's City Union BankBSE 0.61 % said on Sunday that "cyber criminals" had hacked its systems and transferred nearly $2 million through three unauthorised remittances to lenders overseas via the SWIFT financial platform.

City Union said on Saturday it had been able to block one of the remittances, totalling $500,000, that was being sent through a Standard Chartered Bank account in New York to a Dubai-based lender.

A second transfer of 300,000 euros ($372,150) was routed through a Standard Chartered Bank account in Frankfurt to a Turkish account, although the Turkish lender had blocked the transfer from being finalised.

A third totalling $1 million was sent through a Bank of America account in New York to a China-based bank, which Kamakodi on Sunday identified as Zhejiang Rural Credit Cooperative Union in Hangzhou, China.

Brussels-based SWIFT has been urging banks to bolster security of computers used to transfer money since Bangladesh Bank lost $81 million in a February 2016 cyber heist that targeted central bank computers used to move funds.

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City Union Bank CEO says suffered cyber hack via SWIFT system
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English Premier League revenue bubble bursts

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The sale of 160 games has raised £4.464 billion ($US6.2bn, $A7.8bn), compared with £5.14 billion for 168 fixtures from 2016 to 2019. The league will be looking to the sale of overseas rights to provide an upsurge in revenue for its 20 teams.

While remaining the biggest broadcaster of most games in Britain with four packages, Sky boasted how it was now paying 16 per cent less per fixture in its £3.579 billion, three-year deal to show 128 games per season. That equates to savings of almost £600 million for the European pay TV giant while showing an additional two games a year.

But while Sky’s price per game drops from £11 million to £9.3 million, BT had to agree to pay £9.2 million — up from £7.6 million — for one package of 32 games. The broadcaster, which was launched in 2012 by Britain’s former telephone monopoly, has lost 10 games.

The Premier League increased the number of games available for live broadcasting in Britain to 200, with only overseas channels able to air all 380 fixtures a year live in a bid to maintain high numbers of fans at stadiums.

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What a save: rivals BT and Sky spend less on TV rights
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Good News Idea Cellular to offer cashback of Rs 1500 on Panasonic’s P100 4G smartphone

Sai Jai
Idea customers will get a cashback of Rs 300 after the first 12 months of use and after 12 months they’d be getting Rs 1200 cashback on the P100 smartphone priced starting Rs 5299.

With Rs 1500 cashback, the effective price of the 4G device will be Rs 3799 and Rs 4499 for different variants.

To avail the special offer, Idea customers will have to do a cumulative recharge of Rs 2500 during the first 12 months and the same amount during the next 12 months period. The customers will have to recharge with a minimum of Rs 199 or above, each month, to be eligible for the cashback.

After Reliance Jio, Idea Cellular to offer cashback of Rs 1500 on Panasonic’s P100 smartphone - ET Telecom
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Discussion TRAI sets Rs 50 lakh penalty per circle for violation of predatory pricing rules

Sai Jai
NEW DELHI: To prevent a recurrence of an acrimonious war between India’s older telcos and new entrant Reliance Jio Infocomm due to a lack of clarity thus far on the issue.

The Telecom Regulatory Authority of India (Trai ), in its tariff order unveiled Friday, has said that predatory pricing will be determined on the basis of average variable cost and whether there is specific intention on the carrier’s part to reduce or kill competition. The regulator will however examine the issue on a case by case basis depending on the complaint it receives and it will be up to the telco to show that the tariff is not predatory.

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Trai sets Rs 50 lakh penalty/circle for violation of predatory pricing rules - ET Telecom
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Discussion Rotomac Pens owner accused of 'fleeing' with Rs 800 crore

Sai Jai
This one involves Rotomac Pens owner Vikram Kothari, as reported by sources have confirmed that the parent company of Rotomac Pens has been accused of fleeing with Rs 800 crore that have been loaned from various government banks.

In total, Kothari has been accused of taking loans worth Rs 800 crore from five government-run banks - Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India. All the aforementioned banks had "compromised" rules to give away these loans, as pee sources quoted by the report.

In the report, it was mentioned that Kothari had taken a loan of Rs 485 crore from UCO and a loan of Rs 352 crore from Allahabad Bank. However, no payment has been made towards the principal amount nor the interest.

Times Now
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Discussion General Discussion on OTT & IPTV Platform -- News & Updates

Sai Jai
NEW DELHI: Video-on-demand service provider SonyLIV does not see any "threat" from digital content platforms such as Netflix and Amazon Prime in India and said that more players will help build a 'large ecosystem' to enable the market's growth.

"We are very excited about what is happening around us. It is interesting to see how people are seeing the opportunity in India, and I believe there is room for many more players. There is no threat. (More players coming) is good for the industry. The industry is working together to create a large ecosystem. Players are investing to grow the market," Uday Sodhi, EVP and Head - Digital Business, Sony Pictures Networks (SPN), told .

'No threat' from OTT platforms; more players good for mkt: SonyLIV - ET Telecom
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Good News LG to launch IoT enabled ceiling fans in Indian market by June

Sai Jai
South Korean consumer electronics maker LG would foray into the premium ceiling fans segment this season, which will have advance features such as Internet of Things ( IoT) technology, a top company official has said.

The smart fans would be connected through the Internet and would automatically adjust its speed according to change in temperature and could be controlled from anywhere through cloud computing.

However, the company has not yet come out the pricing and said that they are working on that. LG plans to launch three models in which one would have IoT features.


LG to launch IoT enabled ceiling fans in Indian market by June - ET Telecom
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Breaking Aircel to file for Bankruptcy at NCLT

Sai Jai
Malaysian parent company Maxis, run by businessman Ananda Krishnan, had earlier proposed a cash infusion to support the debt-laden company but has pulled the plug, said one of the people.

The company has been in negotiations with lenders since September but has failed to hammer out a recast of its Rs 15,500 crore debt.

“There is no cash to run the business and no visibility to free any more up,” said another person, adding that the company is likely to stop paying salaries by the end of the week.
But Aircel declined to comment.

Debt-laden Aircel to file for Bankruptcy at NCLT - ET Telecom
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Farming Simulator 19

Bapun
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Farm like never before with Farming Simulator 19! The multimillion-selling franchise takes a giant leap forward for 2018, with the ultimate farming simulation returning this year with a complete overhaul of its graphics engine, offering the most striking and immersive visuals and effects, along with the deepest and most complete farming experience ever on Xbox One.

Farming Simulator 19 will feature, at launch, three distinct open-worlds in which to develop and expand your farm, in solo or with friends: two entirely new environments, as well as an all-improved version of the South American environment which has been overhauled to take advantage of the new engine's capabilities.

With the addition of new big brands, Farming Simulator 19's garage will be the franchise's most extensive vehicles roster ever. Farming Simulator 19 will also introduce new farming activities, new animals with horses, brand new mechanics as well as new crops, all of which we will be revealed in great detail over the coming months and future events.

Farming Simulator 19 will come to Xbox One at the end of 2018.
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Bayonetta

Bapun
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Bayonetta is a butt-kicking, havoc-wreaking witch who wields sweet weapons like pistols, whips, hammers, flamethrowers, and poison bows. But it's not just about brawn—it's also about style. Bayonetta is deadly but sleek, with moves like Witch Time that slows down time itself, and the Umbran Climax—a special magic attack that summons Infernal Demons to devastate enemies.
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Virgin Plans World’s First Operational Hyperloop In Mumbai

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The Richard Branson-led Virgin Group on Sunday signed a framework agreement with Maharashtra to build a hyperloop transportation system between Mumbai and Pune, which would reduce travel time between the two cities to just 25 minutes from the three hours at present.

Branson’s investee company Virgin Hyperloop One has signed a Memorandum of Understanding with the Maharashtra government to develop and construct a Hyperloop between Mumbai and Pune, reducing the travel time to cover the 140-km distance between Mumbai and Pune to 14-25 minutes, from 3-4 hours at present.

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Hyperloop transport system will allow for passengers, freight to be transported at super-fast speeds, more than 1,000 km per hour, which is faster than airlines, in a levitating pod that will travel in a vacuum tube.

Richard Branson-Backed Firm Plans World’s First Operational Hyperloop In Mumbai
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Talks fail, bus strike in Kerala to continue

Jithin91
Private bus owners to continue strike as talks fail

Private bus owners have decided to continue their indefinite strike as the talks with transport minister AK Saseendran at Kozhikode guest house failed.

The government did not agree with the bus owners' demands including an increase in the concession rates of students. Private bus operators began the state-wide indefinite strike from Friday demanding a hike in minimum bus fare to Rs 10. Though the Cabinet on Wednesday approved a hike in bus fare to Rs 8 from the current Rs 7, the bus operators said the increase is inadequate.

It's a daunting time for travelers as about 13,000 private buses staying off the roads.

Private bus owners to continue strike as talks fail
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Good News Jivi partners Reliance Jio to launch VoLTE Smartphone at an effective price of ₹699

Sai Jai
NEW DELHI: Home bred handset maker Jivi mobiles has joined hands with Reliance Jio to launch a 4G VoLTE Smartphone at an effective price of Rs 699.

The smartphone is bundled with 44 cashback vouchers of Rs 50 each with the first recharge of Rs 198 or Rs 299 with unlimited local and STD voice calls, 56 GB and 84 GB high speed data and subscription to Jio Apps at an effective price of Rs 148 and Rs 249 respectively.

Jivi partners Reliance Jio to launch VoLTE smartphone at an effective price of Rs 699 - ET Telecom
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