Tag Archives: Banking

Dubai banking major, Dubizzle aim to simplify used car buying

Launched in partnership with Dubizzle, the classifieds platform in the UAE, the Autoswap solution will enable car owners looking to sell their vehicles to complete the transaction without having to settle their existing loans. Emirates NBD, Dubai’s biggest bank, has launched Autoswap, a first-of-its-kind auto loan buyout product that provides a hassle-free financing solution for individuals seeking to buy used ... Read More »

Red Means Stop! Banking App Cuts Customer Spending

Traffic lights don’t just work for drivers, some bank customers obey them on their smartphones too. New York: Traffic lights don’t just work for drivers, some bank customers obey them on their smartphones too. A transaction-tracking app using red, yellow and green messages to warn account holders when they are paying out more or less than usual has resulted in ... Read More »

Axis Bank Denies Local Media Report Of Threat To Its Banking Licence

Axis Bank said it has strong systems and controls in place as per central bank rules. Mumbai: Axis Bank on Monday slammed a regional newspaper report stating authorities were preparing to revoke the bank’s licence as “false and malafide”, saying it had strong systems and controls in place as per central bank rules. Axis, India’s third-biggest private sector bank, said ... Read More »

iPhone Sales in India Rose Over 50 Percent This Year; Apple Banking on Reliance Jio, Middle Class for Future Growth

On the back of its first annual revenue decline in 15 years, Apple is now looking at India – one of its fastest-growing markets – for future growth. CEO Tim Cook said in the company’s fourth-quarter earnings call that it saw a 50 percent growth in iPhone sales in the fiscal year ending September 2016 and sees headroom for more ... Read More »

Sensex Ends 181 Points Higher On Buying In Banking Shares

3:432 p.m.: Sensex rose over 150 points while broader Nifty closed above its crucial psychological level of 8,500 for first time in 11 months as encouraging U.S. data and expectations of further monetary stimulus from global policymakers held out hopes for a strong global economic outlook. The Sensex ended 181 points or 0.66 per cent higher at 27,808 and Nifty ... Read More »

Sensex Rallies 464 Points on Buying in Banking Shares

The stock markets rallied for the second straight day on Wednesday on the back of buying in banking shares. The Sensex surged 464 points to close at 24,243 and Nifty rose 147 points to close at 7,369. Banking shares came in high demand after the Reserve Bank of India said it would ease capital requirement rules. Investors also drew comfort ... Read More »

New Android Malware Steals Banking Information, Wipes Out Data: Report

There’s a new Android malware in town in the form of a Trojan, and much like many that came before it, it also wants to steal your banking information and wipe out all data from your smartphone and tablet. It’s called Mazar Bot, and it has already become a talking point among researchers, who are now actively warning about this ... Read More »

Nifty Slumps to Lowest in 20 Months as Banking Stocks Bleed

The 50-share blue-chip Nifty index closed at over 20-month low on Wednesday as investors dumped shares of state-run banks. The Nifty PSU Bank – the index of state-run banks – crashed 5.4 per cent today as compared to 1.1 per cent fall in the broader Nifty. The Sensex logged its third straight triple-digit loss and ended at 23,759. Here are ... Read More »

Banking, Financial Services Segment Ahead of Company’s Overall Growth: TCS

New Delhi: Allaying concerns regarding demand slowdown in banking and financial services (BFS) vertical, the country’s largest IT firm Tata Consultancy Services (TCS) on Tuesday said the segment continues to grow well and is “ahead of the overall company growth”. Yesterday, TCS’ rival Cognizant had given a bleak revenue outlook for the first quarter and 2016, citing a “soft start ... Read More »

Banking, Financial Services Segment Ahead of Overall Growth: TCS

  New Delhi: Allaying concerns regarding demand slowdown in banking and financial services (BFS) vertical, country’s largest IT firm Tata Consultancy Services (TCS) today said the segment continues to grow well and is “ahead of the overall company growth”. Yesterday, TCS’ rival Cognizant had given a bleak revenue outlook for the first quarter and 2016, citing a “soft start to ... Read More »