State Bank group deploys anti-money laundering softwareMarch 17th, 2009 BANGALORE - The State Bank of India (SBI) group deployed 3i Infotech software to prevent money laundering in compliance with the central bank's regulatory order, the bank said Tuesday. 'We have contracted with IT software product firm 3i Infotech to deploy its anti-money laundering solution across our group comprising SBI and six associate banks to monitor any suspicious transfer of money, including terror financing,' SBI chief general manager B.S.
NRIs urged to participate in 3G BroadbandJanuary 8th, 2009 CHENNAI - The Satyam Computers Services fraud that has shaken the Indian software services sector will not have any cascading impact on the other players, Communications and IT Minister A. Raja said Friday.
3G auction possible before end of current fiscal: RajaFebruary 16th, 2009 NEW DELHI - Communications Minister A. Raja Tuesday said the auction of spectrum for 3G services could be completed before March 31, even though issues regarding the licence fee and bandwidth are yet to be decided by a ministerial panel.
Court seeks response from government on 3G spectrum auctionJanuary 13th, 2009 NEW DELHI - The Delhi High Court Wednesday sought a response from the government on auctioning of radio frequency for next generation mobile services, better known as 3G. A division bench headed by the Chief Justice Ajit Prakash Shah asked the Department of Telecommunications (DoT) to file a response by Jan 24.
phpBB Auction Module Vulnerable To File Inclusion ExploitMay 3rd, 2006 Input passed to the "phpbb_root_path" parameter in "auction/auction_common.php" isn't properly verified, before it is used to include files. This can be exploited to include arbitrary files from external and local resources.
India ups 3G base price of radio spectrum, sees auction within three monthsAugust 28th, 2009 NEW DELHI - India raised reserve prices for auctions of third-generation (3G) and fourth-generation (4G) radio spectrum by nearly three-quarters on Thursday. Union Telecommunication Minister A.
3G auction issue referred to Group of MinistersJanuary 28th, 2009 NEW DELHI - In a move that will delay the launch of third generation (3G) mobile telephony in India, the Cabinet Committee of Economic Affairs (CCEA) has referred the issues relating to spectrum auction to a Group of Ministers, the government said Thursday. 'We are looking for an early decision from the Group of Ministers,' Jyotiraditya Scindia, Minister of State for Communications and Information Technology, told reporters here.
No impact of World Bank ban on business, says MegasoftJanuary 11th, 2009 CHENNAI/HYDERABAD - Indian technology firm Megasoft Ltd Monday said there would be no financial impact on its operations from the World Bank decision to debar it from outsourcing services. The list of Indian software companies debarred by the World Bank from transacting any business on the grounds of unfair practices now includes Wipro and Megasoft, besides the tainted Satyam Computer Services.
Beware of State Bank of India Credit CardAugust 25th, 2007 Several people are having a bad experience with State Bank Credit Card, myself included. The whole operation smells, run by outside-minimally-paid agents and there are gaping holes in the system which can rob your blind.
48 Indian Companies in Forbes Global 2000 (Top Companies Worldwide)April 13th, 2008 Leading the Indian pack is Reliance Industries with a market value of 89.29 Billion dollars. It is ranked 193 worldwide based on profit.
Government expects just half the revenue projected from 3G auctionFebruary 15th, 2009 NEW DELHI - The communications ministry may expect the auction of scarce 3G spectrum to fetch Rs.30,000-Rs.40,000 crore ($6-8 billion), but the interim budget for 2009-10 has projected no more than Rs.20,000 crore ($4 billion) on that count. 'The budget estimates for 2009-10 include a sum of Rs.20,000 crore as the expected revenue from auction of 3G spectrum,' says the receipts budget tabled Monday by External Affairs Minister Pranab Mukherjee.
Satyam banned from dealing with World Bank for 8 yearsDecember 22nd, 2008 NEW DELHI - The World Bank has said it has banned leading software vendor Satyam Computers from all business at the bank for a period of eight years - and that the ban started in September, according to a US broadcaster. The World Bank move came after bank investigators discovered that spy software was covertly installed on workstations inside the bank's Washington headquarters - allegedly by one or more contractors from Satyam Computers, broadcaster Fox News said.
Group of ministers to look into 3G spectrum auctionMarch 5th, 2009 NEW DELHI - The government Thursday announced that a 10-member group of ministers (GoM), led by External Affairs Minister Pranab Mukherjee, will look into the auctions of the third generation (3G) spectrum. The GoM will also take a decision on the number of players to be allowed to offer the 3G services in each telecom circle.
More delay in 3G auction likelyJanuary 1st, 2009 NEW DELHI - The auction of third generation (3G) mobile services, which are slated to take place according to the revised time schedule, may be further delayed as the industry still is not ready. 'The government is ready for the auctions but it is the industry players who demand more time from us,' a Department of Telecom (DoT) official told IANS on condition of anonymity.
Post-Satyam, IT industry faces tough time, says diasporaJanuary 7th, 2009 CHENNAI - Satyam Computer founder-chairman B. Ramalinga Raju's admission to committing a Rs.70-billion ($1.4 billion) financial fraud will raise questions about the the level of corporate governance in India, feel persons of Indian origin (PIO) at a conference of the Indian diaspora here.
A UAE based site (Souq.com) is auctioning blank sheets of original watermarked 5 Rs Indian notes. The current bid is 79 AED. One of India's growing problems is rampant distribution of fake notes to fund terrorist operations. My concern is that such auctions may make it easier for them to procure raw materials to use and experiment with.
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