Reserve Bank of India tightens rules for lending against shares by NBFCs

Foreign currency bond issues in India will reach record high in 2014: Moody's Report

RBI allows non-resident foreign banks to lend in Indian rupees

RBI Committee recommendations for improving efficiency of bank employees

G20 deal on sharing bank information will help tracking black money

Moody's Maintains its Negative Outlook for Indian Banking System

Selection process for CMDs of 8 Public Sector Banks to start on Nov 13, 2014

Founders of Infosys sell their stake in the company for $1.1 billion

RBI eases refinancing rules for infrastructure loans - Full guidelines

Banks to pay Rs 1.06 crore to customers for online banking frauds

RBI issues guidelines for entry of Banks into Insurance Business

6 Reasons For India's 6th Win Over Pakistan At World Cup Cricket- TheBuzzDiary.com

RBI revises Priority Sector Lending Guidelines for Banks

Govt starts selection of non-executive chairmen for public sector banks

Moodys Investor Services has affirmed the baseline credit assessment (BCA) for 3 Indian Banks but has downgraded 2 banks.

PIL challenges appointment process for PSU Bank CEO and MDs

RBI issues norms for Gold Monetisation Scheme (GMS), 2015

Banknet releases 6th Edition of NRIs Handbook and Guide for Banking, Investments

Here is Why Indian Army, Navy and Air Force Salute Differently - Independence Day

How to ensure a highly motivated labour force in your business?

Indian Union Budget, Economic Survey, Budget Basics, Budget Glossary, Previous Budgets

Zoetis joined the conversation at the 2015 World Exposition (Expo Milano), contributing to advancing solutions to help the world’s livestock farmers produce more with less.

As the rest of the world is suffering from the COVID-19 pandemic, things seem to be looking up in China! The smartphone companies have moved to digital mode to launch their products.  Xiaomi is the latest to launch a new product from its Redmi brand, the Redmi Airdots S true wireless earphones. The Redmi AirDots […]

The post Redmi Airdots S Wireless Earphones Launched For Rs 1100! Is This A Gamechanger? first appeared on Trak.in . Trak.in Mobile Apps: Android | iOS.

India’s leading IT firm Wipro has said that firing employees can be considered in the coming days, in order to save costs. Employees can be asked to go on unpaid leaves as well. However, the silver lining is that, hiring won’t be stopped. Wipro: Business Hit Due To Coronavirus Wipro declared their 4th quarter earnings, […]

The post Wipro Can Fire Employees, Enforce Unpaid Leaves To Save Costs; Hiring Will Not Stop first appeared on Trak.in . Trak.in Mobile Apps: Android | iOS.

Reliance Industries and Facebook are exploring the possibility of creating a multipurpose app, said four people in the know of the matter. Read to know more… What is the Fuss About? As per reports on March 24, Facebook was eyeing a multibillion-dollar stake in Reliance Jio. The report said Facebook could pick up 10% in […]

The post Woah! Reliance, Facebook Making A Super-App For Shopping, Gaming, Social Media, Tickets! first appeared on Trak.in . Trak.in Mobile Apps: Android | iOS.

IFTTT (If This Than That), a web-based software that automates and connects over 600 online services/software raised a $24M Series C led by Salesforce. Other investors include IBM and the Chamberlain Group and Fenox Venture Capital.

The latest round brings IFTTT’s funding to $63M and it will use the funding proceeds to provide integration for enterprise and IoT services and hiring. In IFTTT’s platform, applets are code/script users need to deploy to integrate two or more services (such Google Drive’s integration with Twitter/Facebook).

Investment in IFTTT reveals that Salesforce is consolidating its presence in enterprise IoT space. It also acquired Mulesoft, an integration platform that rivals Microsoft’s BizTalk.

IBM’s investment in IFTTT is also noteworthy as the former is pushing its IBM Watson IoT platform. The following statement also shows its keen interest in IFTTT.

Other recent investments in IoT companies include $30M Series B of Armis and Myriota's $15M for its IoT satellite-based connectivity platform.

For latest IoT funding and product news, please visit our IoT news section.

Vesper, the maker of piezoelectric sensors used in microphone production and winner of CES Innovation Award 2018 raised a $23M Series B round. American Family Ventures led the investment with participation from Accomplice, Amazon Alexa Fund, Baidu, Bose Ventures, Hyperplane, Sands Capital, Shure, Synaptics, ZZ Capital and some undisclosed investors.

Vesper’s innovative sensors can be used in consumer electronics like TV remote controls, smart speakers, smartphones, intelligent sensor nodes, and hearables. The company will use the funding proceeds to scale-up its functions like mass production of its microphones and support expanded research and development, hiring, and establishing international sales offices.

The main product of Vesper is VM1000, a low noise, high range,single-ended analog output piezoelectric MEMS microphone. It consists of a piezoelectric sensor and circuitry to buffer and amplify the output.

The hot-selling product of Vesper is VM1010 with ZeroPower Listening which is the first MEMS microphone that enables voice activation to battery-powered consumer devices.

The unique selling point of Vesper’s products is they are built to operate in rugged environments that have dust and moisture.

"Vesper's ZeroPower Listening capabilities coupled with its ability to withstand water, dust, oil, and particulate contaminants enables users that have never before been possible," said Katelyn Johnson, principal of American Family Ventures. "We are excited about Vesper's quest to transform our connected world, including IoT devices."

Other recent funding news include $24 raised by sensor-based baby sock maker Owlet, IFTTT banks $24M from Salesforce to scale its IoT Enterprise offering, and Intel sells its Wind River Software to TPG.

Microsoft announced it has acquired Semantic Machines, a conversational AI startup providing chatbots and AI chat apps founded in 2014 having $20.9 million in funding from investors. The acquisition will help Microsoft catch up with Amazon Alexa, though the latter is more focused on enabling consumer applications of conversational AI.

Microsoft will use Semantic Machine’s acquisition to establish a conversational AI center of excellence in Berkeley to help it innovate in natural language interfaces.

Microsoft has been stepping up its products in conversational AI. It launched the digital assistant Cortana in 2015, as well as social chatbots like XiaoIce. The latest acquisition can help Microsoft beef up its ‘enterprise AI’ offerings.

As the use of NLP (natural language processing) increases in IoT products and services, more startups are getting traction from investors and established players. In June last year, Josh.ai, avoice-controlled home automation software has raised $8M.

Followed by it was SparkCognition that raised $32.5M Series B for its NLP-based threat intelligence platform.

It appears Microsoft’s acquisition of Semantic Machines was motivated by the latter’s strong AI team. The team includes technology entrepreneur Daniel Roth who sold his previous startups Voice Signal Technologies and Shaser BioScience for $300M and $100M respectively. Other team members include Stanford AI Professor Percy Liang, developer of Google Assistant Core AI technology and former Apple chief speech scientist Larry Gillick.

Arduino’s MKR family of products got two new wireless connectivity boards added to its range of products. These include MKR WiFi 1010 and MKR NB 1500, both aimed at streamlining IoT product/service development.

Arduino’s blog notes that “the Arduino MKR WiFi 1010 is the new version of the MKR1000 with ESP32 module on board made by U-BLOX.”

MKR WiFi 1010: For prototyping of WI-FI based IoT applications

The core difference of MKR WiFi 1010 compared to MKR WiFi 1000 is that the former can be put to use in production-grade IoT apps and it has ESP32-based module manufactured by u-blox. The former enables to add 2.4GHz WiFi and Bluetooth capability to the application. Additionally, it comes with a programmable dual-processor system (an ARM processor and a dual-core Espressif IC).

MKR NB 1500: For on-field monitoring systems and remote-controlled LTE-enabled modules

The Arduino MKR NB 1500 is based on new low-power NB-IoT (narrowband IoT) standard. This makes it appropriate for IoT apps running over cellular/LTE networks.

Key use cases of this board are remote monitoring systems and remote-controlled LTE-enabled modules. It supports AT&T, T-Mobile USA, Telstra, Verizon over the Cat M1/NB1 deployed bands 2, 3, 4, 5, 8, 12, 13, 20 and 28.

Arduino also pitches this board to be used in IoT apps which used to rely on alternative IoT networks such as LoRa and Sigfox. It promises to save power compared to GSM or 3G cellular-based connections.

Siemens Building Technologies division announced it will acquire Enlighted Inc., a smart IoT building technology provider. The transaction is expected to close in Q3’18.

Enlighted Inc.’s core element is an advanced lighting control application. It is based on a patented, software-defined smart sensor that collects and monitors real-time occupancy, light levels, temperatures and energy usage.

The sensor can gauge temperature, light level, motion, energy, and has Bluetooth connectivity.

The Enlighted system works by collecting temperature, light and motion data via its smart sensors. A gateway device carries the information to Energy Manager, a secure browser-based interface to create profiles and adjust settings of the entire Enlighted Advanced Lighting Control System. The Energy manager operates as an analytics device.

The whole system consists of multi-function sensors, distributed computing, a network, and software applications run by Enlighted Inc.

Enlighted Inc.’s main target market is commercial real estate. Key use cases of its intelligent Lighting Control System are energy efficiency, controlling heating, ventilation and air conditioning, and building utilization reports.

Use the Postscapes 'Connected Products Framework' to understand the smart home and buildings eco-system.

1 Seychellois Rupee = 18.8221 Hungarian Forint

1 Trinidad and Tobago Dollar = 47.819 Hungarian Forint

1 Swedish Krona = 33.0683 Hungarian Forint

1 Slovak Koruna = 14.5519 Hungarian Forint

1 Serbian Dinar = 2.9795 Hungarian Forint

[UCT] #UCTLockDownLetters is a new feature on the University of Cape Town (UCT) news site. Staff, students, parents of students: we want to hear about your experiences of work and life in lockdown. Emails, audio and video clips, prose and poetry are also very welcome. This is your space.

[SAPS] A 35-year-old taxi driver is facing attempted murder charges (read with DMA Regulation 14(3) and in a quarantine site in Cape Town after he was stopped in a vehicle checkpoint (VCP) on the R61 in Beaufort West yesterday ferrying about seven passengers. The driver, who had apparently tested positive for the virus after taking a test on 30 April 2020 on the N2 Tsitsikamma roadblock in the Eastern Cape, was duly informed two days ago by the testing authority of the outcome of the test. Yet, he allegedly proce