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  • SBI expects 53% recovery from first list of 12 stressed accounts
    Finance and MarketsSBI expects 53% recovery from first list of 12 stressed accounts

    The SBI, which has introduced an "intermediary credit review mechanism", is expecting a recovery of around 53 per cent of its exposure in the RBI's first list of 12 stressed accounts, referred to NCLT for corporate insolvency resolution, an official said on Friday.

    1 year ago
  • Twitter permanently bans US conspiracy theorist Alex Jones
    SourcesTwitter permanently bans US conspiracy theorist Alex Jones

    Twitter said it has permanently banned US conspiracy theorist Alexander Jones and accounts associated with his website Infowars for "abusive behaviour". "Today, we permanently suspended @realalexjones and @infowars from Twitter and Periscope," Twitter said on Thursday on its Safety account, Xinhua news agency reported. The world leading social media site said it took the action "based on new reports of Tweets and videos posted yesterday that violate our abusive behaviour policy, in addition to the accounts' past violations." The ban will cut Jones and Infowars from its 1.5 million followers on future interaction on Twitter's platform, and Twitter vows to "take action" if the latter attempts to circumvent the prohibitive measure. "We will continue to evaluate reports we receive regarding other accounts potentially associated with @realalexjones or @infowars and will take action if content that violates our rules is reported or if other accounts are utilized in an attempt to circumvent their ban," @TwitterSafety said in one of its tweets. The social media firm said it will increase transparency in implementation of its rules and actions, but it declines to "comment on enforcement actions we take against individual accounts, for their privacy." Twitter is one of the latest major tech companies such as Google, Facebook and Apple that has permanently banned Jones and his associated accounts. It imposed a week-long ban on Jones as a warning for his bellicose behaviour last month. In August, Google-owned YouTube, Apple and Facebook removed or restricted Jones' activities on their platforms for hate speech. Jones is a controversial American radio show host and conspiracy theorist, who runs the website Infowars.com that is devoted to conspiracy theories and fake news. He is notorious for accusing the US government of planning the Oklahoma City bombing that killed at least 168 people and wounded more than 680 others in 1995. Jones also doubted the government's role in the September 11, 2001 terror attacks in the US that left 2,996 people dead and over 6,000 injured.

    1 year ago
  • Tyre industry to face rubber shortage after Kerala floods
    SourcesTyre industry to face rubber shortage after Kerala floods

    The Indian tyre industry is expected to be adversely hit due to estimated lower rubber output by 18-20 per cent following the Kerala floods, a report said on Thursday.

    1 year ago
  • Jan Dhan Yojana to continue, scope widened: Govt
    SourcesJan Dhan Yojana to continue, scope widened: Govt

    The government on Thursday said it had approved the indefinite continuation of Pradhan Mantri Jan Dhan Yojana (PMJDY), while doubling the accident insurance and relaxing the age criteria by five years to further incentivise the scheme.

    1 year ago
  • Atal Pension Yojana indefinitely extended, scope broadened (Lead)
    SourcesAtal Pension Yojana indefinitely extended, scope broadened (Lead)

    The Union Cabinet on Wednesday decided to indefinitely extend the Atal Pension Scheme, which lapsed in August, while doubling the accident insurance and relaxing the age criteria by five years to further incentivise the scheme.

    1 year ago
  • Twitter CEO to defend company before Congress
    SourcesTwitter CEO to defend company before Congress

    Twitter CEO Jack Dorsey will tell Congress Wednesday that his company will continue to "serve the public conversation" and "does not use political ideology to make any decisions."

    1 year ago
  • Instagram makes it easier to verify authenticity of accounts
    SourcesInstagram makes it easier to verify authenticity of accounts

    In its bid to fight fake news and keep bad actors away from the platform, photo-messaging app Instagram has announced a few measures that can help its one billion users identify the authenticity of accounts with a large following.

    1 year ago
  • 'Most Indian parents posting their kids' photos online despite threats'
    Sources'Most Indian parents posting their kids' photos online despite threats'

    Although Indian parents are aware that images of their children posted online could end up in the wrong hands, most of them are still sharing their kids' images online often without any consent from them, a survey by global cyber security firm McAfee revealed on Tuesday.

    1 year ago
  • Twitter suspends 486 more accounts linked to Iran, Russia
    SourcesTwitter suspends 486 more accounts linked to Iran, Russia

    After suspending 284 accounts originating in Iran and Russia, Twitter on Tuesday announced it has cracked down on additional 486 such accounts that were designed to mislead people in the Middle East, Latin America, Britain and the US.

    1 year ago
  • RBI deadline ends on finalising NPAs' resolution
    SourcesRBI deadline ends on finalising NPAs' resolution

    A major deadline in the process of resolving the country's most pressing corporate and banking problem of NPAs, or bad loans, is ending on Monday with the RBI having set a six-month time frame for finalising resolution plans for around 70 large stressed accounts worth over Rs 3.8 lakh crore.

    1 year ago