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SEBI on Friday asked HDFC Bank to identify individuals, including bank officials responsible for the leakage of its financial results, as the markets regulator has found inadequate controls at the lender as &#39;prima facie&#39; reason for the leak.

In the high-profile leakage case where sensitive financial details of various companies, including HDFC Bank, got leaked on WhatsApp before their formal announcement, SEBI virtually censured the top private sector lender and asked it to strengthen the systems and controls to check any such leak in future.

&quot;HDFC Bank shall strengthen its processes/ systems/ controls forthwith to ensure that such instances of leakage of unpublished price sensitive information do not recur in future,&quot; the Securities and Exchange Board of India (SEBI) said in an order.

SEBI has also directed the bank to submit a report on the present systems and controls and how they have been strengthened, who are the persons responsible for monitoring such systems and the periodicity of monitoring.

&quot;HDFC Bank shall conduct an internal inquiry into the leakage of unpublished price sensitive information relating to its financial figures including NPA (non-performing asset) results and take appropriate action against those responsible for the same, in accordance with law,&quot; SEBI said.

HDFC Bank has to complete the inquiry within three months and file a report to SEBI within seven days thereafter, the regulator said.&nbsp;

In the high-profile leakage case where sensitive financial details of various companies, including HDFC Bank, got leaked on WhatsApp before their formal announcement, SEBI virtually censured the top private sector lender and asked it to strengthen the systems and controls to check any such leak

SEBI on Friday asked HDFC Bank to identify individuals, including bank officials responsible for the leakage of its financial results, as the markets regulator has found inadequate controls at the lender as 'prima facie' reason for the leak. In the high-profile leakage case where sensitive financial details of various companies, including HDFC Bank, got leaked on WhatsApp before their formal announcement, SEBI virtually censured the top private sector lender and asked it to strengthen the systems and controls to check any such leak in future. "HDFC Bank shall strengthen its processes/ systems/ controls forthwith to ensure that such instances of leakage of unpublished price sensitive information do not recur in future," the Securities and Exchange Board of India (SEBI) said in an order. SEBI has also directed the bank to submit a report on the present systems and controls and how they have been strengthened, who are the persons responsible for monitoring such systems and the periodicity of monitoring. "HDFC Bank shall conduct an internal inquiry into the leakage of unpublished price sensitive information relating to its financial figures including NPA (non-performing asset) results and take appropriate action against those responsible for the same, in accordance with law," SEBI said. HDFC Bank has to complete the inquiry within three months and file a report to SEBI within seven days thereafter, the regulator said.

Whatsapp leak: SEBI asks HDFC Bank to probe matter

Many companies have now come up with chips that can be stuck to the body of your cell phone and help in reducing the radiation emitted by the device.

Protect yourself from cellphone radiation, here's how

India&#39;s first 5G network trial was successfully conducted today by Indian telecom giant Bharti Airtel and Chinese equipment maker Huawei. In the first-ever trial, over 3 gigabit per second data speed was achieved. The trial was conducted at Airtel&#39;s network experience centre in Manesar, Gurgaon.

&quot;This is small but a very significant step in our journey towards 5G. The promise of 5G is endless, it will be a game changer and, it will change the way we live, work and engage. We look forward to working closely with our partners for developing a robust 5G ecosystem in India,&quot; Abhay Savargaonkar, Director Networks, Bharti Airtel said.

&quot;This is the highest measured throughput for a mobile network in 3.5 GHz band with 100 MHz bandwidth and end-to-end network latency of approximately 1 milliseconds,&quot; the statement said.

The 5G technology will facilitate faster and smoother access of services like augmented reality, virtual reality, among others.

&quot;We have been focusing on developing 5G ecosystem and use cases, and the show with Bharti Airtel impressively demonstrates the performance capability of 5G in 3.5 GHz band. We shall also continue to work with vertical industry players to develop wider ecosystem use cases beyond enhanced mobile broadband.&quot; Emmanuel Coelho Alves, Director, Wireless Marketing, Huawei HQ noted.&nbsp;

The 5G technology will facilitate faster and smoother access to services like augmented reality, virtual reality, among others

India's first 5G network trial was successfully conducted today by Indian telecom giant Bharti Airtel and Chinese equipment maker Huawei. In the first-ever trial, over 3 gigabit per second data speed was achieved. The trial was conducted at Airtel's network experience centre in Manesar, Gurgaon. "This is small but a very significant step in our journey towards 5G. The promise of 5G is endless, it will be a game changer and, it will change the way we live, work and engage. We look forward to working closely with our partners for developing a robust 5G ecosystem in India," Abhay Savargaonkar, Director Networks, Bharti Airtel said. "This is the highest measured throughput for a mobile network in 3.5 GHz band with 100 MHz bandwidth and end-to-end network latency of approximately 1 milliseconds," the statement said. The 5G technology will facilitate faster and smoother access of services like augmented reality, virtual reality, among others. "We have been focusing on developing 5G ecosystem and use cases, and the show with Bharti Airtel impressively demonstrates the performance capability of 5G in 3.5 GHz band. We shall also continue to work with vertical industry players to develop wider ecosystem use cases beyond enhanced mobile broadband." Emmanuel Coelho Alves, Director, Wireless Marketing, Huawei HQ noted.

Airtel, Huawei conduct India's first 5G trial

India&#39;s first locally developed 4G/LTE telecom system was launched today by the Union Telecom Minister Manoj Sinha at the telecom industry&#39;s international buyers-sellers meet.&nbsp;

According to reports, the system has been designed and developed by India&#39;s leading telecom equipment manufacturer, VNL Ltd.

The 4G gear aims at providing high-speed internet, particularly to rural areas, based on LTE technology at affordable prices.&nbsp;

The Telecom Minister was felicitated at the event for connecting 100,000 villages as part of Bharat Net programme.&nbsp;

&quot;The latest range of technologically robust 4G/LTE telecom products is the outcome of our strong in-house research and development capabilities and signifies India&#39;s inherent strengths in the area of telecom equipment manufacturing. These systems offer compact and versatile radio applications and can operate flawlessly even in a harsh environment,&quot; said Rajiv Mehrotra, VNL Founder Chairman said.

&quot;With VNL&#39;s commitments towards Green Telecommunication, the solutions can operate solely on renewable energy,&quot; Mehrotra added.

The system can be deployed for a variety of applications including emergency communication, communication needs for offshore oil fields, mines and other institutional requirements.

&nbsp;The makers of the 4G gear see it as a service that manifests Prime Minister Narendra&#39;s Modi &#39;Make in India&#39; project at its core.&nbsp;

(With inputs from ANI)&nbsp;

The 4G gear aims at providing high-speed internet, particularly to rural areas, based on LTE technology at affordable prices

India's first locally developed 4G/LTE telecom system was launched today by the Union Telecom Minister Manoj Sinha at the telecom industry's international buyers-sellers meet. According to reports, the system has been designed and developed by India's leading telecom equipment manufacturer, VNL Ltd. The 4G gear aims at providing high-speed internet, particularly to rural areas, based on LTE technology at affordable prices. The Telecom Minister was felicitated at the event for connecting 100,000 villages as part of Bharat Net programme. "The latest range of technologically robust 4G/LTE telecom products is the outcome of our strong in-house research and development capabilities and signifies India's inherent strengths in the area of telecom equipment manufacturing. These systems offer compact and versatile radio applications and can operate flawlessly even in a harsh environment," said Rajiv Mehrotra, VNL Founder Chairman said. "With VNL's commitments towards Green Telecommunication, the solutions can operate solely on renewable energy," Mehrotra added. The system can be deployed for a variety of applications including emergency communication, communication needs for offshore oil fields, mines and other institutional requirements. The makers of the 4G gear see it as a service that manifests Prime Minister Narendra's Modi 'Make in India' project at its core. (With inputs from ANI)

India's first 4G LTE telecom system launched

The Benchmark <a href="http://www.wionews.com/india-news/sensex-slips-144-points-ahead-of-fo-expiry-33679">Sensex and the NSE Nifty</a> both ended down today over inflation fears.

Sensex closed 0.07 per cent down at 33,819.50 and the Nifty ended 0.14 per cent lower at 10,382.70.

The stocks witnessed a volatile session on Thursday ahead of the expiry of futures and options contract.

&nbsp;Bharat Petroleum Corp Ltd was the top percentage loser.

&nbsp;Shares of Gitanjali Gems continued to face selling pressure for the seventh straight session today, falling 58.5 per cent in the past one week.

The stock tanked 4.92 per cent to Rs 26.10 - its lowest trading permissible limit for the day - on BSE today.

On NSE, shares of the company lost 4.92 per cent to hit a low of Rs 26.05.

(With inputs from PTI)

The Gitanjali stock tanked 4.92 per cent to Rs 26.10 - its lowest trading permissible limit for the day - on BSE today.

The Benchmark Sensex and the NSE Nifty both ended down today over inflation fears. Sensex closed 0.07 per cent down at 33,819.50 and the Nifty ended 0.14 per cent lower at 10,382.70. The stocks witnessed a volatile session on Thursday ahead of the expiry of futures and options contract. Bharat Petroleum Corp Ltd was the top percentage loser. Shares of Gitanjali Gems continued to face selling pressure for the seventh straight session today, falling 58.5 per cent in the past one week. The stock tanked 4.92 per cent to Rs 26.10 - its lowest trading permissible limit for the day - on BSE today. On NSE, shares of the company lost 4.92 per cent to hit a low of Rs 26.05. (With inputs from PTI)

Sensex, Nifty close down; Gitanjali Gems stocks continue to slide

Radiation emitted from mobile phones have long been a topic of debate among health experts. The National Cancer Institute (NCI) lists down reasons &quot;why people are concerned that cell phones might have the potential to cause certain types of cancer or other health problems&quot;. Radiation from cell phones is now being increasingly linked to cancer.&nbsp;

According to NCI, radiofrequency energy (radio waves) emitted from cell phones can easily get absorbed by the tissues nearest to the phone&#39;s antenna.&nbsp;

&quot;Exposure to ionizing radiation, such as from x-rays, is known to increase the risk of cancer. However, although many studies have examined the potential health effects of non-ionizing radiation from radar, microwave ovens, cell phones, and other sources, there is currently no consistent evidence that non-ionizing radiation increases cancer risk,&quot; noted NCI.

Many companies have now come up with chips that can be stuck to the body of your cell phone and help in reducing the radiation emitted by the device.&nbsp;

While there may not be an easy way to measure the amount of radiation emitted by a particular smartphone device, a leading statistics companies Statista has put together a list of popular cell phones that emit the most and the least amount of radiation.&nbsp;

Xiaomi MI A1, OnePlus 5T, Huawei Mate 9, Nokia Lumia 630 and Huawei P9 Plus emerged as the phones emitting the most radiation.&nbsp;

<a href="https://www.statista.com/chart/12797/the-phones-emitting-the-most-radiation/" title="Infographic: The Phones Emitting the Most Radiation | Statista"><img alt="Infographic: The Phones Emitting the Most Radiation | Statista" height="330" src="https://infographic.statista.com/normal/chartoftheday_12797_the_phones_emitting_the_most_radiation_n.jpg" style="width: 100%; height: auto !important; max-width:960px;-ms-interpolation-mode: bicubic;" width="100%" /></a>&nbsp;Sony Experia M5, Samsung Galaxy Note8, Samsung Galaxy S6 edge+, Google Pixel XL and Samsung Galaxy S8+ featured among the phones that emit the least radiation.&nbsp;

The online statistics company sourced the data from the German Federal Office for Radiation Protection (Bundesamt f&uuml;r Strahlenschutz).

<a href="https://www.statista.com/chart/12841/the-phones-emitting-the-least-radiation/" title="Infographic: The Phones Emitting the Least Radiation | Statista"><img alt="Infographic: The Phones Emitting the Least Radiation | Statista" height="auto" src="https://infographic.statista.com/normal/chartoftheday_12841_the_phones_emitting_the_least_radiation_n.jpg" style="width: 100%; height: auto !important; max-width:960px;-ms-interpolation-mode: bicubic;" width="100%" /></a>

The German body, on its official website, lists out ways to ensure minimum radiation exposure to individuals.&nbsp;

&quot;Make calls using a headset. This applies to smartphones as well as to classic mobile phones. Surfing the internet and accessing e-mails should be done only when there is a good reception or using wi-fi. Wi-fi networks usually have a lower transmission power than the mobile communication standards UMTS, GSM or LTE,&quot; notes the German Federal Office for Radiation Protection.&nbsp;

Some other things to be kept in mind to ensure less exposure to mobile phone radiation includes the following:&nbsp;

- Access e-mails manually only when necessary

- Avoid receiving e-mails during a telephone call.&nbsp;

- Switch off background data traffic whenever possible.

- Maintain sufficient distance from your body while surfing the internet on your tablet or smartphone.&nbsp;

Many companies have now come up with chips that can be stuck to the body of your cell phone and help in reducing the radiation emitted by the device

Radiation emitted from mobile phones have long been a topic of debate among health experts. The National Cancer Institute (NCI) lists down reasons "why people are concerned that cell phones might have the potential to cause certain types of cancer or other health problems". Radiation from cell phones is now being increasingly linked to cancer. According to NCI, radiofrequency energy (radio waves) emitted from cell phones can easily get absorbed by the tissues nearest to the phone's antenna. "Exposure to ionizing radiation, such as from x-rays, is known to increase the risk of cancer. However, although many studies have examined the potential health effects of non-ionizing radiation from radar, microwave ovens, cell phones, and other sources, there is currently no consistent evidence that non-ionizing radiation increases cancer risk," noted NCI. Many companies have now come up with chips that can be stuck to the body of your cell phone and help in reducing the radiation emitted by the device. While there may not be an easy way to measure the amount of radiation emitted by a particular smartphone device, a leading statistics companies Statista has put together a list of popular cell phones that emit the most and the least amount of radiation. Xiaomi MI A1, OnePlus 5T, Huawei Mate 9, Nokia Lumia 630 and Huawei P9 Plus emerged as the phones emitting the most radiation. Sony Experia M5, Samsung Galaxy Note8, Samsung Galaxy S6 edge+, Google Pixel XL and Samsung Galaxy S8+ featured among the phones that emit the least radiation. The online statistics company sourced the data from the German Federal Office for Radiation Protection (Bundesamt für Strahlenschutz). The German body, on its official website, lists out ways to ensure minimum radiation exposure to individuals. "Make calls using a headset. This applies to smartphones as well as to classic mobile phones. Surfing the internet and accessing e-mails should be done only when there is a good reception or using wi-fi. Wi-fi networks usually have a lower transmission power than the mobile communication standards UMTS, GSM or LTE," notes the German Federal Office for Radiation Protection. Some other things to be kept in mind to ensure less exposure to mobile phone radiation includes the following: - Access e-mails manually only when necessary - Avoid receiving e-mails during a telephone call. - Switch off background data traffic whenever possible. - Maintain sufficient distance from your body while surfing the internet on your tablet or smartphone.

Does your mobile phone emit maximum radiation? Here's how to protect yourself

The <a href="http://www.wionews.com/world/questions-mount-over-sex-assault-probe-into-top-un-official-32887" target="_blank">#MeToo </a>movement which recently <a href="http://www.wionews.com/world/thousands-to-join-hollywood-metoo-march-against-sexual-abuse-24049" target="_blank">gained momentum worldwide</a> has now finally reached South Korea.

An app released in the country has helped the people to shed light on instances of<a href="http://www.wionews.com/india-news/ogilvy-boss-draws-flake-for-claiming-sexual-harassment-at-workplace-part-of-growing-up-22672" target="_blank"> sexual harassment in their workplace</a>.&nbsp;

The &quot;Blind&quot; chat App helps South Koreans to anonymously talk about instances of their misbehaving bosses and colleagues, helping stir the #MeToo movement in the country.&nbsp;

The app has added a new feature, a message board dedicated to a rising number of #MeToo stories. It helps the people to talk more freely about the harassments at the office.&nbsp;

The addition in the app came after a recent wave of complaints about misconduct in the workplace. Moreover, a complaint made by a South Korean public prosecutor in January had the utmost effect in escalating the number of MeToo complaints.&nbsp;

The co-founder of the app said that the prosecutor&#39;s disclosing the matter in public has put fresh momentum in the<a href="http://www.wionews.com/world/entertainment-metoo-on-ramp-models-as-angels-men-as-pigs-at-new-york-fashion-week-32558" target="_blank"> #MeToo movement</a> in South Korea.&nbsp;

South Korea is usually not a favorable place for responding to sexual harassment complaints by employees.&nbsp;

Initially, the #MeToo movement could not gain much momentum in South Korea because of the corporate culture in the country restricting employees to share sexual harassment stories due to fear of vengeance.&nbsp;

According to a survey conducted by consulting firm EY, about 61 per cent of South Korean&nbsp;respondents working at private companies said they would bypass in-house whistleblower hotlines, saying they didn&#39;t trust their organisation to keep complaints confidential.

With over a million users, the launch of the &quot;Blind&quot; app has entertained over 1600 posts relating to sexual harassment at workplace.&nbsp;

It also ensures that it encodes personal data and information to protect users&#39; privacy.

(With input from agency)&nbsp;

The 'Blind' chat App helps South Koreans to anonymously talk about instances of their misbehaving bosses and colleagues, helping stir the #MeToo movement in the country

The #MeToo movement which recently gained momentum worldwide has now finally reached South Korea. An app released in the country has helped the people to shed light on instances of sexual harassment in their workplace. The "Blind" chat App helps South Koreans to anonymously talk about instances of their misbehaving bosses and colleagues, helping stir the #MeToo movement in the country. The app has added a new feature, a message board dedicated to a rising number of #MeToo stories. It helps the people to talk more freely about the harassments at the office. The addition in the app came after a recent wave of complaints about misconduct in the workplace. Moreover, a complaint made by a South Korean public prosecutor in January had the utmost effect in escalating the number of MeToo complaints. The co-founder of the app said that the prosecutor's disclosing the matter in public has put fresh momentum in the #MeToo movement in South Korea. South Korea is usually not a favorable place for responding to sexual harassment complaints by employees. Initially, the #MeToo movement could not gain much momentum in South Korea because of the corporate culture in the country restricting employees to share sexual harassment stories due to fear of vengeance. According to a survey conducted by consulting firm EY, about 61 per cent of South Korean respondents working at private companies said they would bypass in-house whistleblower hotlines, saying they didn't trust their organisation to keep complaints confidential. With over a million users, the launch of the "Blind" app has entertained over 1600 posts relating to sexual harassment at workplace. It also ensures that it encodes personal data and information to protect users' privacy. (With input from agency)

#MeToo: South Korea speaks out about sexual harassment on 'Blind' App

Now, Microsoft users will be able to use its apps and services, like Office 365, Outlook 2016, Outlook.com, Exchange Online and Exchange Online Protection (EOP), in 15 Indian languages.&nbsp;

Microsoft on Wednesday announced support for e-mail addresses in 15 local languages of India.

Indian users will now be able to use local language e-mail addresses for their Outlook accounts.&nbsp;

Microsoft&#39;s announcement came on the occasion of the International Mother Language Day.&nbsp;

Users will also be able to send and receive emails from local language e-mail addresses via Outlook client installed on their personal computers.&nbsp;

The move comes as Microsoft&#39;s bid to support Email Address Internationalisation (EAI) across its eco-system. The giant aims to make technology accessible in local languages.

Microsoft announced the integration of Artificial Intelligence (AI) and Deep Neural Networks (DNN) to improve real-time language translation for Hindi, Bengali and Tamil languages. The announcement came last month.&nbsp;

Indian users will now be able to use local language e-mail addresses for Outlook accounts

Now, Microsoft users will be able to use its apps and services, like Office 365, Outlook 2016, Outlook.com, Exchange Online and Exchange Online Protection (EOP), in 15 Indian languages. Microsoft on Wednesday announced support for e-mail addresses in 15 local languages of India. Indian users will now be able to use local language e-mail addresses for their Outlook accounts. Microsoft's announcement came on the occasion of the International Mother Language Day. Users will also be able to send and receive emails from local language e-mail addresses via Outlook client installed on their personal computers. The move comes as Microsoft's bid to support Email Address Internationalisation (EAI) across its eco-system. The giant aims to make technology accessible in local languages. Microsoft announced the integration of Artificial Intelligence (AI) and Deep Neural Networks (DNN) to improve real-time language translation for Hindi, Bengali and Tamil languages. The announcement came last month.

Now, Microsoft users can create email IDs in 15 Indian languages

A Japanese cryptocurrency exchange undergoing checks by regulators has said a system failure let investors briefly trade a digital currency for zero yen, highlighting security concerns about such assets after last month&#39;s cyber heist at Coincheck Inc.

Zaif, an exchange run by Osaka-based Tech Bureau Corp, said on Tuesday a problem in its price calculation system allowed seven customers to trade a cryptocurrency with no yen value for around 20 minutes on February&nbsp;16th.

It was unclear if the customers realised they were trading the digital asset for zero yen, or were somehow blindsided for a brief moment.

The exchange said it had corrected the customers&#39; balances to account for any trades of the cryptocurrency made at zero yen. It added that it had resolved the issue with six of the customers and was still doing so with the remaining one.

Zaif did not give further details, or identify the cryptocurrency affected by the system error. Tech Bureau officials were not immediately available for further comment.

The incident comes after hackers stole $530 million in digital money from Coincheck last month, sparking checks by regulators of Japan&#39;s other exchange operators, including Tech Bureau.

The Financial Services Agency launched on-site checks at Tech Bureau because it saw the exchange as potentially vulnerable to cyber-attacks, a person with direct knowledge of the matter told Reuters on Feb. 9.

Japan last year rolled out the world&#39;s first system to oversee cryptocurrency exchanges, in a bid to protect customers, stamp out illegal uses of cryptocurrencies as it sought to nurture a young and promising sector.

Zaif is one of 16 cryptocurrency exchanges registered with the government. Regulators have allowed a further 16, including Coincheck, to continue operating pending full registration.

It was unclear if the customers realised they were trading the digital asset for zero yen, or were somehow blindsided for a brief moment.

A Japanese cryptocurrency exchange undergoing checks by regulators has said a system failure let investors briefly trade a digital currency for zero yen, highlighting security concerns about such assets after last month's cyber heist at Coincheck Inc. Zaif, an exchange run by Osaka-based Tech Bureau Corp, said on Tuesday a problem in its price calculation system allowed seven customers to trade a cryptocurrency with no yen value for around 20 minutes on February 16th. It was unclear if the customers realised they were trading the digital asset for zero yen, or were somehow blindsided for a brief moment. The exchange said it had corrected the customers' balances to account for any trades of the cryptocurrency made at zero yen. It added that it had resolved the issue with six of the customers and was still doing so with the remaining one. Zaif did not give further details, or identify the cryptocurrency affected by the system error. Tech Bureau officials were not immediately available for further comment. The incident comes after hackers stole $530 million in digital money from Coincheck last month, sparking checks by regulators of Japan's other exchange operators, including Tech Bureau. The Financial Services Agency launched on-site checks at Tech Bureau because it saw the exchange as potentially vulnerable to cyber-attacks, a person with direct knowledge of the matter told Reuters on Feb. 9. Japan last year rolled out the world's first system to oversee cryptocurrency exchanges, in a bid to protect customers, stamp out illegal uses of cryptocurrencies as it sought to nurture a young and promising sector. Zaif is one of 16 cryptocurrency exchanges registered with the government. Regulators have allowed a further 16, including Coincheck, to continue operating pending full registration.

Japanese cryptocurrency exchange trips up trade, trades in zero yen

A joint survey carried out by the Internet and Mobile Association of India and Kantar IMRB estimates the total number of internet users in India to reach 500 million by June 2018.&nbsp;

The country reported 481 million internet users in December 2017 -- a jump of 11.34 per cent as compared to December 2016.

&quot;The number of internet users is expected to reach 500 million by June 2018,&quot; the report &#39;Internet in India 2017&#39; stated.

As per the official data released by the Telecom Regulatory Authority of India (TRAI), the country had close to 362.87 million broadband subscribers by the end of December 2017.&nbsp;

The survey, which was conducted between June to August 2017, covered 60,000 individuals from urban India across 170 cities and 15,000 individuals across 750 villages in the rural area.&nbsp;

Some of the key highlights from the report are stated below:

1. Urban India witnessed a growth of 9.66 per cent from December 2016.

2. Urban India had around 295 million internet users as on December 2017.

3. Rural India witnessed a growth of 14.11 per cent from December 2016.

4. Around 186 million internet users were reported in rural India as on December 2017.

5. 86 per cent internet users in urban India access it for online communication, 85 per cent for entertainment, 70 per cent for social networking, 44 per cent online finance and transactions and 35 per cent for online services.

6. For rural India, entertainment is top content for 58 per cent internet users followed by online communication for 56 per cent, social networking 49 per cent, online services 35 per cent and online finance and transaction 16 per cent.

7. Students and youngsters account for around 60 per cent of the total internet use in India.

8. An estimated 182.9 million or 62 per cent access internet daily in urban India.

9. 98 million users, 53 per cent, in rural India access internet daily.&nbsp;

10.&nbsp;The overall internet penetration, as of December 2017, was recorded at 35 per cent of total population.

&quot;Among the Rural Internet users, the ratio between male to female Internet users is 64:36. The proportion of Internet users by gender in Rural India has seen much change over last year with Internet users among rural females growing steadily. The increasing gender parity in Internet usage is a welcome development,&quot; the report said.

The survey was conducted in 170 cities and 750 villages by the Internet and Mobile Association of India and Kantar IMRB

(With inputs from PTI)&nbsp;

The country reported 481 million internet users in December 2017

A joint survey carried out by the Internet and Mobile Association of India and Kantar IMRB estimates the total number of internet users in India to reach 500 million by June 2018. The country reported 481 million internet users in December 2017 -- a jump of 11.34 per cent as compared to December 2016. "The number of internet users is expected to reach 500 million by June 2018," the report 'Internet in India 2017' stated. As per the official data released by the Telecom Regulatory Authority of India (TRAI), the country had close to 362.87 million broadband subscribers by the end of December 2017. The survey, which was conducted between June to August 2017, covered 60,000 individuals from urban India across 170 cities and 15,000 individuals across 750 villages in the rural area. Some of the key highlights from the report are stated below: 1. Urban India witnessed a growth of 9.66 per cent from December 2016. 2. Urban India had around 295 million internet users as on December 2017. 3. Rural India witnessed a growth of 14.11 per cent from December 2016. 4. Around 186 million internet users were reported in rural India as on December 2017. 5. 86 per cent internet users in urban India access it for online communication, 85 per cent for entertainment, 70 per cent for social networking, 44 per cent online finance and transactions and 35 per cent for online services. 6. For rural India, entertainment is top content for 58 per cent internet users followed by online communication for 56 per cent, social networking 49 per cent, online services 35 per cent and online finance and transaction 16 per cent. 7. Students and youngsters account for around 60 per cent of the total internet use in India. 8. An estimated 182.9 million or 62 per cent access internet daily in urban India. 9. 98 million users, 53 per cent, in rural India access internet daily. 10. The overall internet penetration, as of December 2017, was recorded at 35 per cent of total population. "Among the Rural Internet users, the ratio between male to female Internet users is 64:36. The proportion of Internet users by gender in Rural India has seen much change over last year with Internet users among rural females growing steadily. The increasing gender parity in Internet usage is a welcome development," the report said. The survey was conducted in 170 cities and 750 villages by the Internet and Mobile Association of India and Kantar IMRB (With inputs from PTI)

Internet users in India likely to cross 500 million by June 2018: Study

Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets.

The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions.

Sectoral indices led by metal, capital goods, Teck and IT were trading in the green with gains of up to 0.75 per cent.

The broad-based NSE Nifty went up by 23.95 points or 0.23 per cent to 10,402.35.

Tata Steel rose up to 1.5 per cent in early trade after reports suggest the steel maker was leading bidder for debt-ridden Bhushan Steel.

IT stocks TCS, and Infosys also advanced up to 1.7 per cent on a weaker rupee.

Banking stocks ICICI Bank, Axis Bank and Yes Bank gained on value buying after recent losses.

Bharti Airtel, HDFC Ltd, L&amp;T, M&amp;M and ONGC also rose up to 1.4 per cent.

However, Punjab National Bank, embroiled in the Rs 11,300 crore scam, remained weak and shed another 3.31 per cent while Gitanjai Gems lost 9.91 per cent.

Brokers said buying by domestic institutional funds and investors amid a mixed trend at other Asian bourses improved the market sentiment.

Domestic institutional investors (DIIs) bought shares worth a net Rs 586.52 crore yesterday, as per provisional data.

Overseas, Asian stocks were trading mixed as Treasury yields climbed back toward recent four-year highs. Chinese markets will reopen on Thursday, 22 February. US markets remained closed yesterday, in observance of Presidents Day.

In the Asian region, Hong Kong&#39;s Hang Seng was up 0.66 per cent, while Japan&#39;s Nikkei was down 1.20 per cent in early trade today. Shanghai Composite remained closed for a public holiday.

The sensex had lost 522.81 points in the previous two sessions

Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets. The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions. Sectoral indices led by metal, capital goods, Teck and IT were trading in the green with gains of up to 0.75 per cent. The broad-based NSE Nifty went up by 23.95 points or 0.23 per cent to 10,402.35. Tata Steel rose up to 1.5 per cent in early trade after reports suggest the steel maker was leading bidder for debt-ridden Bhushan Steel. IT stocks TCS, and Infosys also advanced up to 1.7 per cent on a weaker rupee. Banking stocks ICICI Bank, Axis Bank and Yes Bank gained on value buying after recent losses. Bharti Airtel, HDFC Ltd, L&T, M&M and ONGC also rose up to 1.4 per cent. However, Punjab National Bank, embroiled in the Rs 11,300 crore scam, remained weak and shed another 3.31 per cent while Gitanjai Gems lost 9.91 per cent. Brokers said buying by domestic institutional funds and investors amid a mixed trend at other Asian bourses improved the market sentiment. Domestic institutional investors (DIIs) bought shares worth a net Rs 586.52 crore yesterday, as per provisional data. Overseas, Asian stocks were trading mixed as Treasury yields climbed back toward recent four-year highs. Chinese markets will reopen on Thursday, 22 February. US markets remained closed yesterday, in observance of Presidents Day. In the Asian region, Hong Kong's Hang Seng was up 0.66 per cent, while Japan's Nikkei was down 1.20 per cent in early trade today. Shanghai Composite remained closed for a public holiday.

Sensex recovers 157 points, Nifty above 10,400-mark

The BSE Sensex on Monday cracked below the 34,000-mark by plunging over 236 points to end at a nearly two-month low of 33,774.66 on sustained selling in PSU, metal and banking counters amid the <a href="http://www.wionews.com/india-news/pnb-scam-same-person-sent-requests-for-bank-guarantees-approved-them-33322">massive PNB fraud</a> weighing on investors&#39; sentiment.

Moreover, renewed concerns that a rebound in global crude oil prices will have an adverse impact on fiscal deficit too kept participants cautious.

Shares of Punjab National Bank (PNB) fell about eight per cent, extending the decline for a fourth straight session, following the Rs 11,400-crore fraud at its Brady Road branch, Mumbai. The stock has fallen nearly 31 per cent in four straight sessions since the bank detected the fraud.

Last Wednesday, the state-run lender said it had detected a fraud in which diamond jewellery designer Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from one of its branches for overseas credit from other Indian lenders, and the matter is being probed by the CBI and the Enforcement Directorate, among other agencies.

The 30-share Sensex barometer, which had lost 286.71 points in the previous session on Friday, plunged by 236.10 points, or 0.69 per cent, to end at 33,774.66 after touching a low of 33,554.37 intra-day. This is the weakest closing since December 21 last year when it had closed at 33,756.20.

Also, the broader Nifty too declined by 73.90 points, or 0.71 per cent, to end at 10,378.40. It stayed in the negative terrain through the session and a hit a low of 10,302.75.

Meanwhile, foreign portfolio investors (FPIs) continued selling on domestic bourses. On net basis, they sold shares worth Rs 1,065.99 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,127.78 crore on Friday, provisional data showed.

Globally, in the Asian region, Japan&#39;s Nikkei rose 1.33 per cent, while markets in Hong Kong and China remained shut today on account of a public holiday. European markets were higher in their early deals.

Punjab National Bank fell for the fourth straight day and closed 8.3 per cent lower

The BSE Sensex on Monday cracked below the 34,000-mark by plunging over 236 points to end at a nearly two-month low of 33,774.66 on sustained selling in PSU, metal and banking counters amid the massive PNB fraud weighing on investors' sentiment. Moreover, renewed concerns that a rebound in global crude oil prices will have an adverse impact on fiscal deficit too kept participants cautious. Shares of Punjab National Bank (PNB) fell about eight per cent, extending the decline for a fourth straight session, following the Rs 11,400-crore fraud at its Brady Road branch, Mumbai. The stock has fallen nearly 31 per cent in four straight sessions since the bank detected the fraud. Last Wednesday, the state-run lender said it had detected a fraud in which diamond jewellery designer Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from one of its branches for overseas credit from other Indian lenders, and the matter is being probed by the CBI and the Enforcement Directorate, among other agencies. The 30-share Sensex barometer, which had lost 286.71 points in the previous session on Friday, plunged by 236.10 points, or 0.69 per cent, to end at 33,774.66 after touching a low of 33,554.37 intra-day. This is the weakest closing since December 21 last year when it had closed at 33,756.20. Also, the broader Nifty too declined by 73.90 points, or 0.71 per cent, to end at 10,378.40. It stayed in the negative terrain through the session and a hit a low of 10,302.75. Meanwhile, foreign portfolio investors (FPIs) continued selling on domestic bourses. On net basis, they sold shares worth Rs 1,065.99 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 1,127.78 crore on Friday, provisional data showed. Globally, in the Asian region, Japan's Nikkei rose 1.33 per cent, while markets in Hong Kong and China remained shut today on account of a public holiday. European markets were higher in their early deals.

Sensex ends day 236 points down, weakest closing since December 21

Apple Inc said on Thursday <a href="http://www.wionews.com/business-economy/apples-revenue-outlook-not-as-bad-as-some-feared-analysts-31600">a bug in some versions of its operating </a>systems is causing its devices to crash when a single character in Telugu is sent to the device or typed in text editor.

The company was working on a fix for the iOS 11, the macOS High Sierra, watchOS 4 and tvOS 11 versions that the bug affects, an Apple spokesperson said.

The company said older versions were not affected by the bug and added that Apple had already fixed the issue in the current beta versions of the operating systems.

Devices running on iOS 11 are affected and crash when any application receives the character, tech news website The Verge reported.&nbsp;

Apps become unresponsive, including Apple&#39;s iMessage and third-party applications like WhatsApp, Gmail and Facebook messenger, the news report said.

However, some apps like Telegram and Skype seem to be unaffected, the report said, adding that an Italian blog Mobile World spotted the bug.

The company was working on a fix for the iOS 11, the macOS High Sierra, watchOS 4 and tvOS 11 versions that the bug affects

Apple Inc said on Thursday a bug in some versions of its operating systems is causing its devices to crash when a single character in Telugu is sent to the device or typed in text editor. The company was working on a fix for the iOS 11, the macOS High Sierra, watchOS 4 and tvOS 11 versions that the bug affects, an Apple spokesperson said. The company said older versions were not affected by the bug and added that Apple had already fixed the issue in the current beta versions of the operating systems. Devices running on iOS 11 are affected and crash when any application receives the character, tech news website The Verge reported. Apps become unresponsive, including Apple's iMessage and third-party applications like WhatsApp, Gmail and Facebook messenger, the news report said. However, some apps like Telegram and Skype seem to be unaffected, the report said, adding that an Italian blog Mobile World spotted the bug.

Working to fix Telugu script bug causing device crash: Apple

The Sensex and Nifty rose on Thursday tracking global markets, but Punjab National Bank fell for a second consecutive session after saying it unearthed $1.77 billion in fraudulent transactions, dragging down other state-run lenders.

The benchmark BSE Sensex closed up 0.41 percent at 34,297.47.&nbsp;

The broader NSE Nifty ended 0.42 percent higher at 10,545.50, its highest close in a week.

Punjab National Bank shares ended 12.9 percent lower, hitting their lowest close since Oct. 23, after falling as much as 14.2 percent on Wednesday.

The Nifty PSU bank index lost 1.1 percent.

Punjab National Bank shares ended 12.9 percent lower, hitting their lowest close since Oct. 23, after falling as much as 14.2 percent on Wednesday

The Sensex and Nifty rose on Thursday tracking global markets, but Punjab National Bank fell for a second consecutive session after saying it unearthed $1.77 billion in fraudulent transactions, dragging down other state-run lenders. The benchmark BSE Sensex closed up 0.41 percent at 34,297.47. The broader NSE Nifty ended 0.42 percent higher at 10,545.50, its highest close in a week. Punjab National Bank shares ended 12.9 percent lower, hitting their lowest close since Oct. 23, after falling as much as 14.2 percent on Wednesday. The Nifty PSU bank index lost 1.1 percent.

Sensex, Nifty end higher; PNB slumps for second day

India&#39;s annual wholesale price inflation eased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday.

Annual wholesale price inflation last month slowed to 2.84 percent from a year earlier, from a provisional 3.58 percent rise in December.

Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed.

Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed.

India's annual wholesale price inflation eased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday. Annual wholesale price inflation last month slowed to 2.84 percent from a year earlier, from a provisional 3.58 percent rise in December. Wholesale food prices in January rose 1.65 percent year-on-year, compared with a 2.91 percent rise a month earlier, the data showed.

Inflation falls in January on softer food, fuel prices

The BSE benchmark <a href="http://www.wionews.com/business-economy/rupee-at-2-week-high-in-opening-trade-32928">Sensex surged over 167 points</a>, staging a strong recovery in early trade today on firm cues from global markets.

A stronger rupee against the dollar also influenced market sentiment.

The 30-share index was trading higher by 167.12 points, or 0.48 per cent, at 34,323.07. The gauge had lost 144.52 points in the previous session.&nbsp;The NSE Nifty gained 47.45 points, or 0.45 per cent, to 10.548.35.

Widespread buying was seen in metal, healthcare and realty counters. Major gainers were Adani ports, HDFC, ICICI Bank, SBI, Dr Reddy&#39;s, Tata Motors, Yes Bank, Reliance Industries and Maruti Suzuki, rising up to 2.17 per cent.

Punjab National Bank dropped sharply by 8.47 per cent following the Rs 11,400 crore scam at one of its Mumbai branches.

Gitanjali Gems plunged nearly 19 per cent on reports over its involvement in the PNB fraud case.

Brokers said a firm trend at other Asian markets boosted investor sentiment, following overnight gains on Wall Street as investors shrugged off stronger-than-expected inflation data.

Meanwhile, Hong Kong&#39;s Hang Seng was up 1.69 per cent and Shanghai Composite Index by rose 0.45 per cent in early trade. Japan&#39;s Nikkei also gained 1.33 per cent. The US Dow Jones Industrial Average ended 1.03 per cent higher yesterday.

The 30-share index was trading higher by 167.12 points, or 0.48 per cent, at 34,323.07

The BSE benchmark Sensex surged over 167 points, staging a strong recovery in early trade today on firm cues from global markets. A stronger rupee against the dollar also influenced market sentiment. The 30-share index was trading higher by 167.12 points, or 0.48 per cent, at 34,323.07. The gauge had lost 144.52 points in the previous session. The NSE Nifty gained 47.45 points, or 0.45 per cent, to 10.548.35. Widespread buying was seen in metal, healthcare and realty counters. Major gainers were Adani ports, HDFC, ICICI Bank, SBI, Dr Reddy's, Tata Motors, Yes Bank, Reliance Industries and Maruti Suzuki, rising up to 2.17 per cent. Punjab National Bank dropped sharply by 8.47 per cent following the Rs 11,400 crore scam at one of its Mumbai branches. Gitanjali Gems plunged nearly 19 per cent on reports over its involvement in the PNB fraud case. Brokers said a firm trend at other Asian markets boosted investor sentiment, following overnight gains on Wall Street as investors shrugged off stronger-than-expected inflation data. Meanwhile, Hong Kong's Hang Seng was up 1.69 per cent and Shanghai Composite Index by rose 0.45 per cent in early trade. Japan's Nikkei also gained 1.33 per cent. The US Dow Jones Industrial Average ended 1.03 per cent higher yesterday.

Sensex rises 167 points in early trade

Wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone&#39;s Indian business.

Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory filing.

Last month Idea announced plans to raise a total 67.5 billion rupees ahead of proposed merger, which the two sides expect to close during the first half of this year.

Idea said that the share sale launched on Wednesday has a floor price of 86.84 rupees per share, with a potential discount of up to 5 percent. The shares closed at 84.80 rupees on the National Stock Exchange.

Bank of America Merrill Lynch and Citigroup are managing the sale.

 
&nbsp;

The wireless carrier on Wednesday launched a share sale to institutional investors ahead of its merger with Vodafone's Indian business

Wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to 35 billion rupees ($546 million) ahead of its merger with Vodafone's Indian business. Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory filing. Last month Idea announced plans to raise a total 67.5 billion rupees ahead of proposed merger, which the two sides expect to close during the first half of this year. Idea said that the share sale launched on Wednesday has a floor price of 86.84 rupees per share, with a potential discount of up to 5 percent. The shares closed at 84.80 rupees on the National Stock Exchange. Bank of America Merrill Lynch and Citigroup are managing the sale.

Idea Cellular launches up to $546 million share sale

The rupee gained another 14 paise to trade at a two-week high of 63.95 against the US dollar in opening trade today on dollar selling by exporters and banks amid firm equities.

The dollar&#39;s weakness against other currencies overseas also supported the rupee sentiment, a currency dealer said.

The rupee moved between 63.98 per dollar and 63.93 per dollar at the interbank forex market in early trade.

The dollar fell further against the yen to hit a 15-month low in Asian trade while the euro gained after a firm German growth.

Yesterday, the rupee had gained 23 paise to close at 64.09 a dollar on sustained selling of the American currency by exporters and banks.

Meanwhile, the benchmark BSE Sensex rose by 167.12 points, or 0.48 per cent, to trade at 34,323.07 in morning trade.

The dollar fell further against the yen to hit a 15-month low in Asian trade while the euro gained after a firm German growth.

The rupee gained another 14 paise to trade at a two-week high of 63.95 against the US dollar in opening trade today on dollar selling by exporters and banks amid firm equities. The dollar's weakness against other currencies overseas also supported the rupee sentiment, a currency dealer said. The rupee moved between 63.98 per dollar and 63.93 per dollar at the interbank forex market in early trade. The dollar fell further against the yen to hit a 15-month low in Asian trade while the euro gained after a firm German growth. Yesterday, the rupee had gained 23 paise to close at 64.09 a dollar on sustained selling of the American currency by exporters and banks. Meanwhile, the benchmark BSE Sensex rose by 167.12 points, or 0.48 per cent, to trade at 34,323.07 in morning trade.

Rupee at 2-week high in opening trade

Stung by a massive Rs 11,400 crore fraud, state-run Punjab National Bank (PNB) has lost over Rs 8,000 crore of market valuation in two days -- an amount equivalent to over six-times its full-year profit.

PNB today extended its fall for the second straight session and ended the day 12 per cent lower at Rs 128.35 on BSE. The stock had fallen 10 per cent yesterday, after the lender said it had detected a Rs 11,400 crore (USD 1.77 billion) fraud at a Mumbai branch.

Following the slump in the counter over the last two days, the market capitalisation of the company has plunged a whopping Rs 8,076.59 crore to Rs 31,132.41 crore. This is more than 6-times of the company&#39;s full-year net profit of Rs 1,324 crore recorded in FY 2016-17.

The quantum of fraud itself is more than 8-times the bank&#39;s annual profit.

Also read: <a href="http://www.wionews.com/india-news/scam-began-in-2011-bank-discovered-it-in-january-2018-pnb-md-32969" target="_blank">Scam began in 2011, bank discovered it in January 2018, says&nbsp;PNB MD</a>

Also read: <a href="http://www.wionews.com/india-news/who-is-nirav-modi-the-billionaire-jeweller-at-centre-of-rs-11000-crore-scam-32970" target="_blank">Who is Nirav Modi, the billionaire jeweller at centre of Rs 11,400 crore PNB scam</a>

The state-owned bank said it had detected a USD 1.77 billion fraud in which billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from one of its branches for overseas credit from other Indian lenders.

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation.

Meanwhile, shares of PNB Housing Finance settled for the day at Rs 1199.00, down 4.30 per cent on the BSE.

While PNB did not name other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on LoUs issued by PNB.

An LoU is a letter of comfort issued by one bank to branches of other banks, based on which foreign branches offer credit to buyers.

Consequently, shares of Union Bank of India settled down 0.95 per cent, Allahabad Bank ended the day down 2.31 per cent and Axis Bank was quoted down 0.17 per cent.

This could be the biggest banking fraud in India as its quantum was bigger than an estimated Rs 9,000 crore scam at erstwhile Satyam Computers.&nbsp;

PNB stock fell 12% today, ending at Rs 128.35 on the Bombay Stock Exchange. The stock had fallen 10% yesterday

Stung by a massive Rs 11,400 crore fraud, state-run Punjab National Bank (PNB) has lost over Rs 8,000 crore of market valuation in two days -- an amount equivalent to over six-times its full-year profit. PNB today extended its fall for the second straight session and ended the day 12 per cent lower at Rs 128.35 on BSE. The stock had fallen 10 per cent yesterday, after the lender said it had detected a Rs 11,400 crore (USD 1.77 billion) fraud at a Mumbai branch. Following the slump in the counter over the last two days, the market capitalisation of the company has plunged a whopping Rs 8,076.59 crore to Rs 31,132.41 crore. This is more than 6-times of the company's full-year net profit of Rs 1,324 crore recorded in FY 2016-17. The quantum of fraud itself is more than 8-times the bank's annual profit. Also read: Scam began in 2011, bank discovered it in January 2018, says PNB MD Also read: Who is Nirav Modi, the billionaire jeweller at centre of Rs 11,400 crore PNB scam The state-owned bank said it had detected a USD 1.77 billion fraud in which billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from one of its branches for overseas credit from other Indian lenders. PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. Meanwhile, shares of PNB Housing Finance settled for the day at Rs 1199.00, down 4.30 per cent on the BSE. While PNB did not name other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on LoUs issued by PNB. An LoU is a letter of comfort issued by one bank to branches of other banks, based on which foreign branches offer credit to buyers. Consequently, shares of Union Bank of India settled down 0.95 per cent, Allahabad Bank ended the day down 2.31 per cent and Axis Bank was quoted down 0.17 per cent. This could be the biggest banking fraud in India as its quantum was bigger than an estimated Rs 9,000 crore scam at erstwhile Satyam Computers.

PNB loses Rs 8,000 crore market cap in 2 days, six times its annual profit

An American business advocacy group has asked US Trade Representative to continue to place India on its priority watch list, alleging that there is strong evidence that New Delhi has not made sufficient efforts to protect Intellectual Property Rights holders&#39; interests.

 
While the Government of India made some noteworthy improvements to the overall IP environment in 2017, the Alliance for Fair Trade with India (AFTI) said New Delhi did not address numerous critical and longstanding shortcomings to its IPR regime.

 
These critical shortcomings include costly and time-consuming patent opposition hurdles for patent applicants, and long timelines for receiving patents; and lack an effective system for protecting data generated to obtain marketing approval for pharmaceutical and agricultural chemical products, it said.

 
&quot;There is strong evidence that India has not made sufficient efforts to emerge from its current status under the Priority Watch List, or to protect adequately IPR holders&#39; interests with respect to patents, copyright, and trade secrets,&quot; it said in its submission to the USTR on the latter&rsquo;s Special 301 review.

 
The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) which identifies trade barriers to US companies and products due to the intellectual property laws, such as copyright, patents and trademarks, in other countries.

 
&quot;AFTI requests that USTR once again place India on its Priority Watch List, where it has been placed &ndash; except for the few years it was listed as a Priority Foreign Country &ndash; since the first Special 301 Report in 1989,&quot;it said. 
AFTI members saw several new actions over the past year that created significant new IP challenges, it said.

 
These include troublesome steps related to Section 8 of the Patent Law, new court rulings related to &quot;patent working&quot;, and a stronger push by India in international forums to weaken strong international rules for IPR protection, AFTI said.

 
The AFTI alleged that forced localisation continues to be a chronic issue facing US IPR holders in India.

 
&quot;The Modi administration has not taken meaningful action to revise protectionist forced localisation policies clearly aimed at favouring domestic IP holders at the expense of goods, services, and IP from other countries,&quot; it said. 
&quot;In addition, his &#39;Make in India&#39; campaign has given some additional fodder to those who wish to promote local IPR and local manufacturing at the expense of US companies and products,&quot; the AFTI said.

Alliance for Fair Trade with India said New Delhi did not address numerous critical and longstanding shortcomings to its IPR regime

An American business advocacy group has asked US Trade Representative to continue to place India on its priority watch list, alleging that there is strong evidence that New Delhi has not made sufficient efforts to protect Intellectual Property Rights holders' interests. While the Government of India made some noteworthy improvements to the overall IP environment in 2017, the Alliance for Fair Trade with India (AFTI) said New Delhi did not address numerous critical and longstanding shortcomings to its IPR regime. These critical shortcomings include costly and time-consuming patent opposition hurdles for patent applicants, and long timelines for receiving patents; and lack an effective system for protecting data generated to obtain marketing approval for pharmaceutical and agricultural chemical products, it said. "There is strong evidence that India has not made sufficient efforts to emerge from its current status under the Priority Watch List, or to protect adequately IPR holders' interests with respect to patents, copyright, and trade secrets," it said in its submission to the USTR on the latter’s Special 301 review. The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) which identifies trade barriers to US companies and products due to the intellectual property laws, such as copyright, patents and trademarks, in other countries. "AFTI requests that USTR once again place India on its Priority Watch List, where it has been placed – except for the few years it was listed as a Priority Foreign Country – since the first Special 301 Report in 1989,"it said. AFTI members saw several new actions over the past year that created significant new IP challenges, it said. These include troublesome steps related to Section 8 of the Patent Law, new court rulings related to "patent working", and a stronger push by India in international forums to weaken strong international rules for IPR protection, AFTI said. The AFTI alleged that forced localisation continues to be a chronic issue facing US IPR holders in India. "The Modi administration has not taken meaningful action to revise protectionist forced localisation policies clearly aimed at favouring domestic IP holders at the expense of goods, services, and IP from other countries," it said. "In addition, his 'Make in India' campaign has given some additional fodder to those who wish to promote local IPR and local manufacturing at the expense of US companies and products," the AFTI said.

India hasn't made enough efforts to protect IPR holders' interests: US trade body

The benchmark BSE Sensex gained 173 points to 34,473.43 in early trade today, rising for the second straight session on back of positive macroeconomic data and sustained buying by domestic institutional investors (DIIs) amid appreciating rupee.

 
Besides, a mixed trend in other Asian markets following positive lead from Wall Street buoyed sentiment here.

 
The 30-share barometer rose 172.96 points, or 0.50 per cent, to 34,473.43 in opening session. All sectoral indices were trading in the green, with realty, metal, capital goods and oil &amp; gas rising up to 1.65 per cent.&nbsp;The NSE index Nifty climbed 41.50 points, or 0.39 per cent, to 10,581.25.

 
Brokers said buying picked up on positive economic data. Industrial output grew by 7.1 per cent in December and retail inflation eased in January to 5.07 per cent.

 
DIIs bought shares worth Rs 1,342.70 crore on net basis, while foreign portfolio investors (FPIs) sold shares worth Rs 814.11 crore on net basis on Monday, provisional data showed.

 
Major gainers were Bharti Airtel, HDFC, Adani Ports, Wipro, RIL, Dr Reddy&#39;s, L&amp;T, HDFC Bank, Infosys, Tata Steel, M&amp;M, Yes Bank and Coal India, gaining up to 1.92 per cent.

 
Among other Asian markets, Hong Kong&#39;s Hang Seng was up 0.73 per cent and Singapore edged up 0.05 per cent, while Japan&#39;s Nikkei fell 0.64 per cent and China&#39;s Shanghai Composite index slipped 0.32 per cent.

 
The US Dow Jones Industrial Average, however, closed 0.16 per cent higher in yesterday&#39;s trade.

The 30-share barometer rose 172.96 points, or 0.50 per cent, to 34,473.43 in opening session

The benchmark BSE Sensex gained 173 points to 34,473.43 in early trade today, rising for the second straight session on back of positive macroeconomic data and sustained buying by domestic institutional investors (DIIs) amid appreciating rupee. Besides, a mixed trend in other Asian markets following positive lead from Wall Street buoyed sentiment here. The 30-share barometer rose 172.96 points, or 0.50 per cent, to 34,473.43 in opening session. All sectoral indices were trading in the green, with realty, metal, capital goods and oil & gas rising up to 1.65 per cent. The NSE index Nifty climbed 41.50 points, or 0.39 per cent, to 10,581.25. Brokers said buying picked up on positive economic data. Industrial output grew by 7.1 per cent in December and retail inflation eased in January to 5.07 per cent. DIIs bought shares worth Rs 1,342.70 crore on net basis, while foreign portfolio investors (FPIs) sold shares worth Rs 814.11 crore on net basis on Monday, provisional data showed. Major gainers were Bharti Airtel, HDFC, Adani Ports, Wipro, RIL, Dr Reddy's, L&T, HDFC Bank, Infosys, Tata Steel, M&M, Yes Bank and Coal India, gaining up to 1.92 per cent. Among other Asian markets, Hong Kong's Hang Seng was up 0.73 per cent and Singapore edged up 0.05 per cent, while Japan's Nikkei fell 0.64 per cent and China's Shanghai Composite index slipped 0.32 per cent. The US Dow Jones Industrial Average, however, closed 0.16 per cent higher in yesterday's trade.

Sensex extends rally, rises 173 points in opening trade

South Korea said on Wednesday it will take firm action against illegal and unfair acts in cryptocurrency trading after a 280,000 signature petition was sent to the presidential Blue House.

&quot;The government&#39;s basic rule is to prevent any illegal acts or uncertainties regarding cryptocurrency trade, while eagerly nurturing blockchain technology,&quot; Hong Nam-ki, minister of the office for government policy co-ordination said in a statement.

The petition was made after the justice minister said in January that the government may shut down cryptocurrency exchanges. It demanded that the government never impose unreasonable regulation on virtual currency trading.

The government has to produce an official response within a month for a petition that gathers more than 200,000 signatures.

South Korea, which has become a cryptocurrency trading hub after a market frenzy that attracted even housewives and students, has already imposed some regulations on cryptocurrency trading.

It banned the use of anonymous bank accounts for virtual coin trading as of January 30, but said it does not intend to go as far as shutting down domestic exchanges.

&quot;But, the government is still divided with many opinions ranging from an outright ban on cryptocurrency trading to bringing the institutions that handle the currency into the system,&quot; Hong said, adding that the government will thoroughly review the industry within global norms.

South Korea will also develop ways to tax virtual currencies, led by the finance ministry, and should announce measures within the first half of the year to develop the blockchain industry, Hong added.

South Korea has banned the use of anonymous bank accounts for virtual coin trading as of January 30

South Korea said on Wednesday it will take firm action against illegal and unfair acts in cryptocurrency trading after a 280,000 signature petition was sent to the presidential Blue House. "The government's basic rule is to prevent any illegal acts or uncertainties regarding cryptocurrency trade, while eagerly nurturing blockchain technology," Hong Nam-ki, minister of the office for government policy co-ordination said in a statement. The petition was made after the justice minister said in January that the government may shut down cryptocurrency exchanges. It demanded that the government never impose unreasonable regulation on virtual currency trading. The government has to produce an official response within a month for a petition that gathers more than 200,000 signatures. South Korea, which has become a cryptocurrency trading hub after a market frenzy that attracted even housewives and students, has already imposed some regulations on cryptocurrency trading. It banned the use of anonymous bank accounts for virtual coin trading as of January 30, but said it does not intend to go as far as shutting down domestic exchanges. "But, the government is still divided with many opinions ranging from an outright ban on cryptocurrency trading to bringing the institutions that handle the currency into the system," Hong said, adding that the government will thoroughly review the industry within global norms. South Korea will also develop ways to tax virtual currencies, led by the finance ministry, and should announce measures within the first half of the year to develop the blockchain industry, Hong added.

South Korea vows to crack down on cryptocurrency trading

The Reserve Bank of India on Tuesday came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC).

The new guidelines have specified framework for early identification and reporting of stressed assets.

&quot;In view of the enactment of the Insolvency and Bankruptcy Code (IBC), 2016, it has been decided to substitute the existing guidelines with a harmonised and simplified generic framework for resolution of stressed assets,&quot; the RBI said in a notification issued late in the evening.

Among other things, the RBI has decided to do away with the Joint Lenders&#39; Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued.

The notification further said all accounts, including those where any of the schemes have been invoked but not yet implemented, will be governed by the revised framework.

As per the revised guidelines, the banks will be required to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA) depending upon the period of default.

All lenders will be required to put in place Board- approved policies for resolution of stressed assets under this framework, including the timelines for resolution, it said, adding, &quot;As soon as there is a default in the borrower entity&#39;s account with any lender, all lenders - singly or jointly - shall initiate steps to cure the default.&quot;

The resolution plan (RP) may involve any actions/plans/ reorganisation including, but not limited to, regularisation of the account by payment of all over dues by the borrower entity, sale of the exposures to other entities / investors, change in ownership, or restructuring.

The revised framework has also laid down the timelines for resolution of stressed assets.

If a resolution plan in respect of large accounts is not implemented as per the timelines specified, lenders will be required to file insolvency application, singly or jointly, under the IBC, 2016, within 15 days from the expiry of the specified timeline.

It further said all lenders will be required to submit Central Repository of Information on Large Credits (CRILC)- Main Report to the Reserve Bank on a monthly basis effective April 1, 2018.

In addition, the lenders shall report to CRILC, all borrower entities in default (with aggregate exposure of Rs 5 crore and above), on a weekly basis, at the close of business on every Friday, or the preceding working day if Friday happens to be a holiday.

The first such weekly report shall be submitted for the week ending February 23, 2018, with a view to harmonise the guidelines with the norms specified in the IBC, said the notification while withdrawing existing mechanism for dealing with the bad debt in the banking system.

The new guidelines have specified framework for early identification and reporting of stressed assets.

The Reserve Bank of India on Tuesday came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC)

The Reserve Bank of India on Tuesday came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC). The new guidelines have specified framework for early identification and reporting of stressed assets. "In view of the enactment of the Insolvency and Bankruptcy Code (IBC), 2016, it has been decided to substitute the existing guidelines with a harmonised and simplified generic framework for resolution of stressed assets," the RBI said in a notification issued late in the evening. Among other things, the RBI has decided to do away with the Joint Lenders' Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued. The notification further said all accounts, including those where any of the schemes have been invoked but not yet implemented, will be governed by the revised framework. As per the revised guidelines, the banks will be required to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA) depending upon the period of default. All lenders will be required to put in place Board- approved policies for resolution of stressed assets under this framework, including the timelines for resolution, it said, adding, "As soon as there is a default in the borrower entity's account with any lender, all lenders - singly or jointly - shall initiate steps to cure the default." The resolution plan (RP) may involve any actions/plans/ reorganisation including, but not limited to, regularisation of the account by payment of all over dues by the borrower entity, sale of the exposures to other entities / investors, change in ownership, or restructuring. The revised framework has also laid down the timelines for resolution of stressed assets. If a resolution plan in respect of large accounts is not implemented as per the timelines specified, lenders will be required to file insolvency application, singly or jointly, under the IBC, 2016, within 15 days from the expiry of the specified timeline. It further said all lenders will be required to submit Central Repository of Information on Large Credits (CRILC)- Main Report to the Reserve Bank on a monthly basis effective April 1, 2018. In addition, the lenders shall report to CRILC, all borrower entities in default (with aggregate exposure of Rs 5 crore and above), on a weekly basis, at the close of business on every Friday, or the preceding working day if Friday happens to be a holiday. The first such weekly report shall be submitted for the week ending February 23, 2018, with a view to harmonise the guidelines with the norms specified in the IBC, said the notification while withdrawing existing mechanism for dealing with the bad debt in the banking system. The new guidelines have specified framework for early identification and reporting of stressed assets.

RBI notifies revised framework to deal with bad loans

Social networking service, Facebook is introducing a wireless networking app, Onavo Protect, to some of its mobile app users.&nbsp;

The new wireless networking app is designed to protect users with the virtual private network or VPN.

Facebook offers the security feature in a tab in its mobile app marked &quot;Protect&quot;

The feature makes the app more secure when it is working on a public Wi-fi.

Though the social media giant has not disclosed it to its users that it owns the wireless networking app, the users can find the information on Onavo website. They can even expand the &quot;description&quot; on the Apple App Store and read till the bottom to find out that the app is owned by Facebook.&nbsp;

The app keeps a track of the applications installed on the device, use of those applications, websites visited by a user and the amount of data used by the user.&nbsp;

It will enable Facebook to keep a track of the apps and other social media platforms even when the users are not using the Facebook app, helping the social media to keep a track on the apps made by rivals.

The app will enable Facebook to keep a track of the apps and other social media platforms even when the users are not using the Facebook app, helping the social media to keep a track on the apps made by rivals

Social networking service, Facebook is introducing a wireless networking app, Onavo Protect, to some of its mobile app users. The new wireless networking app is designed to protect users with the virtual private network or VPN. Facebook offers the security feature in a tab in its mobile app marked "Protect" The feature makes the app more secure when it is working on a public Wi-fi. Though the social media giant has not disclosed it to its users that it owns the wireless networking app, the users can find the information on Onavo website. They can even expand the "description" on the Apple App Store and read till the bottom to find out that the app is owned by Facebook. The app keeps a track of the applications installed on the device, use of those applications, websites visited by a user and the amount of data used by the user. It will enable Facebook to keep a track of the apps and other social media platforms even when the users are not using the Facebook app, helping the social media to keep a track on the apps made by rivals.

New Facebook app to secure users' data will also track their data usage

The benchmark Sensex drew back from its initial record highs to turn range bound in late morning deals, up by 112.27 points or 0.32 per cent on buying in energy, capital goods, realty IT and auto sectors.

Caution crept in ahead of the quarterly result to be released later which include key names like Axis Bank and Asian Paints.

Profit-booking was witnessed in telecom, metal, utilities and power segments which restricted the index gains.

However, sustained foreign funds inflows, better than expected quarterly result in index heavyweight Reliance Industries sustaining the stock momentum.

The benchmark BSE Sensex trading higher 112.27 points or 0.32 per cent to trade at 35,623.85 at 1140 hrs. Earlier it marked fresh all-time peak at 35,700.72.

The broader Nifty trading above the key 10,900 level at 10,905.40, up by 10.70 points or 0.10 per cent. It marked all time fresh peak at 10,929.85 earlier in the session.

Major gainers were ONGC 4.03 per cent, Reliance 2.44 per cent, TCS 1.58 per cent, Yes Bank 1.41 per cent and HDFC Bank 1.29 per cent.

Losers include Asian Paint 2.29 per cent, Bharti Airtel 1.66 per cent and ICICI 1.40 per cent.

Foreign portfolio investors (FPIs) bought shares worth Rs 988.25 crore on net basis while domestic institutional investors (DIIs) also bought equities to the tune of Rs 209.86 crore last Friday, provisional data showed.

Most Asian markets were trading higher as investors kept an eye on political developments in the US after a government shutdown began last week.

US stocks finished higher on last Friday, with both the S&amp;P 500 and the Nasdaq ending at records as optimism over corporate earnings outweighed the US government shutdown. 
-- Rupee trades down 4 paise vs US dollar --

The rupee was trading lower by 4 paise at 63.88 against the US dollar on some dollar demand by importers and banks amid recovering greenback overseas.

The rupee opened lower at 63.88 per dollar as against last Friday&#39;s closing level of 63.84 at the inter-bank foreign exchange here.

Later it fell further to 64.00 on persistent dollar demand in morning trade, it was quoting at 63.88 per dollar at 1145 hrs.

The US dollar regained some footing against a basket of currencies in early Asian trade, after slipping earlier on a US government shutdown.&nbsp;

The benchmark Sensex drew back from its initial record highs to turn range bound in late morning deals, up by 112.27 points or 0.32 per cent on buying in energy, capital goods, realty IT and auto sectors. Caution crept in ahead of the quarterly result to be released later which include key names like Axis Bank and Asian Paints. Profit-booking was witnessed in telecom, metal, utilities and power segments which restricted the index gains. However, sustained foreign funds inflows, better than expected quarterly result in index heavyweight Reliance Industries sustaining the stock momentum. The benchmark BSE Sensex trading higher 112.27 points or 0.32 per cent to trade at 35,623.85 at 1140 hrs. Earlier it marked fresh all-time peak at 35,700.72. The broader Nifty trading above the key 10,900 level at 10,905.40, up by 10.70 points or 0.10 per cent. It marked all time fresh peak at 10,929.85 earlier in the session. Major gainers were ONGC 4.03 per cent, Reliance 2.44 per cent, TCS 1.58 per cent, Yes Bank 1.41 per cent and HDFC Bank 1.29 per cent. Losers include Asian Paint 2.29 per cent, Bharti Airtel 1.66 per cent and ICICI 1.40 per cent. Foreign portfolio investors (FPIs) bought shares worth Rs 988.25 crore on net basis while domestic institutional investors (DIIs) also bought equities to the tune of Rs 209.86 crore last Friday, provisional data showed. Most Asian markets were trading higher as investors kept an eye on political developments in the US after a government shutdown began last week. US stocks finished higher on last Friday, with both the S&P 500 and the Nasdaq ending at records as optimism over corporate earnings outweighed the US government shutdown. -- Rupee trades down 4 paise vs US dollar -- The rupee was trading lower by 4 paise at 63.88 against the US dollar on some dollar demand by importers and banks amid recovering greenback overseas. The rupee opened lower at 63.88 per dollar as against last Friday's closing level of 63.84 at the inter-bank foreign exchange here. Later it fell further to 64.00 on persistent dollar demand in morning trade, it was quoting at 63.88 per dollar at 1145 hrs. The US dollar regained some footing against a basket of currencies in early Asian trade, after slipping earlier on a US government shutdown.

Sensex marks new high, Nifty above 10,900

The Government of India&nbsp;has entered into an agreement with Oil and Natural Corporation (ONGC) for sale of its 51.11 per cent&nbsp;equity shareholding in Hindustan Petroleum&nbsp;Corporation Limited.&nbsp;

After the agreement, ONGC will get hold of the government&#39;s 51.11 per cent stake in refiner and marketer HPCL for Rs 36,915 crore.&nbsp;

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Government of India has entered into an agreement with ONGC today for strategic sale of its 51.11% equity share-holding in HPCL at a consideration of Rs. 36,915 crores : Ministry of Finance.
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/954680362499633154?ref_src=twsrc%5Etfw">January 20, 2018</a></blockquote>
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The agreement will help the government meet half its disinvestment target through a single share sale.&nbsp;

&nbsp;

ONGC will get hold of the government's 51.11 per cent stake in refiner and marketer HPCL for Rs 36,915 crore

The Government of India has entered into an agreement with Oil and Natural Corporation (ONGC) for sale of its 51.11 per cent equity shareholding in Hindustan Petroleum Corporation Limited. After the agreement, ONGC will get hold of the government's 51.11 per cent stake in refiner and marketer HPCL for Rs 36,915 crore. Government of India has entered into an agreement with ONGC today for strategic sale of its 51.11% equity share-holding in HPCL at a consideration of Rs. 36,915 crores : Ministry of Finance. — ANI (@ANI) January 20, 2018 × The agreement will help the government meet half its disinvestment target through a single share sale.

ONGC to acquire govt's 51.11% in Hindustan Petroleum Corp for 36,915 crore