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Last Updated : Jul 12, 2019 04:19 PM IST | Source: PTI

Tata Communications, Thales partner for SIM security of IoT devices

In a survey conducted by Tata Communications, 30% of IT decision makers cited security
and 25% cited privacy issues as the biggest barriers to IoT adoption.
PTI
@moneycontrolcom Lord’s: The Home of Chennai real estate hit
Cricket due to water scarcity

Tata Communications has

3 Point Analysis | IndiGo Impact of higher
boardroom tussle surcharge on FPIs
partnered with Rafale aircraft
vendor Thales to developThales
Tata Communications, a secure
partner for Modi govt never allowed in ation to SyndicateMUST LISTEN
Bank cuts MCLR across tenors
SIM security of IoT devices raise its dirty head: Nirmala... by 5 bps from June 15
connectivity solution for internet
of things (IoT) devices.

Tata Communications' mobility

and IoT platform MOVE and
Thales' T-Sure technology will
collaborate for securing data
On the Ball | World Cup 2019:
generated by connected devices England could be crowned world
such as cars and trucks under the champions, says Gaurav Kalra

agreement.
STAY UPDATED
"Thales will provide its T-Sure warranted digital identity solution to Tata Communications Move SIM cards,
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based on technologies from Gemalto, a Thales company," a joint statement from Tata Communications and
Enter Email address Submit
Thales said.

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While MOVE will encrypt the data in motion (in current use), T-Sure will play the role of protecting the
information at rest (archived) on SIM, therefore safeguarding data both on the network and at the device
level.

"The two companies look to undertake a series of proof-of-concepts with customers to test this solution in
action," the statement said.

In a survey conducted by Tata Communications, 30 percent of IT decision makers cited security and 25
percent cited privacy issues as the biggest barriers to IoT adoption.

First Published on Jul 12, 2019 04:10 pm

TAGS #Business #Companies #India #Tata Communications #Technology #Thales #World

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Last Updated : Jul 12, 2019 10:15 PM IST | Source: PTI

Modi govt never allowed in ation to raise its dirty head: Nirmala
Sitharaman
Replying to a general discussion on Union Budget 2019-20 in the Rajya Sabha, she said
inflation is an important indicator through which the management of the economy is
undertaken.
Lord’s: The Home of Chennai real estate hit
PTI Cricket due to water scarcity

@moneycontrolcom

3 Point Analysis | IndiGo Impact of higher

The Modi government never

boardroom tussle surcharge on FPIs

allowed retail inflation to "raise MUST LISTEN

its dirty head" to cause

inconvenience to the common
man and has kept complete
control over price rise since 2014,
Finance Minister Nirmala
Sitharaman said July 12.
On the Ball | World Cup 2019:
Replying to a general discussion England could be crowned world
on Union Budget 2019-20 in the champions, says Gaurav Kalra

Rajya Sabha, she said inflation is

an important indicator through which the management of the economy is undertaken. STAY UPDATED

Subscribe to our Daily Newsletter

"In 2014-15, one of the reasons which also formed a very important part of the campaign of 2013-14 election
to the Lok Sabha was food inflation which was beyond the reach of ordinary citizens. Enter Email address Submit

"It was at 6.4 per cent level, making food grains very expensive, food products very expensive," the minister Get Daily News on your Browser Enable
said.

TRENDING NEWS
RELATED NEWS The BJP-led NDA came to power with full majority in May 2014 and was re-

Macro@Moneycontrol | India's
elected for another term this year with a bigger mandate. Asus ROG Zephyrus
quest to become a $5 trillion M GU502 review:
When Prime Minister Narendra Modi had just formed the government, the Powerful gaming
economy
laptop that scores
headline inflation was at 5.9 per cent, she said, adding between 2014-15 up to brownie points in productivity
Syndicate Bank cuts MCLR across
tenors by 5 bps from June 15 April 2019, that inflation based on Consumer Price Index (CPI) has come down Kerala jail ties up with Swiggy, to sell
biriyani made by inmates
to 3 per cent.
Did anyone say ipgate? Early users of
"We have ensured that all through and nowhere is there a dip and rise," the minister said. Galaxy A80 complain about the stuck
rotating camera

She said in 2014-15, the inflation was 5.9 per cent; in 2015-16, 4.9 per cent; in 2016-17, 4.5 per cent; in 2017- Vivo Z1Pro goes on sale in India - here are
the specs, price and offers
18, 3.6 per cent; and in 2018-19, 3.4 per cent and now in May 2019, it has come down to 3 per cent.
Mumbai rains: IMD mocked on Twitter over
"Inflation has never been allowed to raise its dirty head to cause inconvenience to the consumers... failed predictions

"Complete control over inflation is the achievement of this government between the last term and...after
coming now. So, inflation is a very, very powerful tool to gauge people and to know what their level of
satisfaction is," she added.

Meanwhile, as per the CPI data released by the Central Statistics Office Friday, retail inflation in June 2019
inched up to 3.18 per cent, from 3.05 per cent in May, though remaining well below the comfort level of the
Reserve Bank of India (RBI).

The RBI has been mandated by the government to ensure retail inflation remains around 4 per cent. The
central bank uses several instruments, including benchmark short-term lending rate (repo) to keep inflation
under check.

First Published on Jul 12, 2019 10:10 pm

TAGS #Budget 2019 #Business #Economy #Nirmala Sitharaman #Rajya Sabha

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Last Updated : Jul 12, 2019 10:04 PM IST | Source: PTI

Syndicate Bank cuts MCLR across tenors by 5 bps from June 15

The benchmark one-year MCLR, which forms basis of most of consumer and personal loans,
will be at 8.60 per cent as compared with 8.65 per cent currently, the bank said in a
regulatory filing.
Lord’s: The Home of Chennai real estate hit
PTI Cricket due to water scarcity

@moneycontrolcom

3 Point Analysis | IndiGo Impact of higher

State-owned Syndicate Bank has

boardroom tussle surcharge on FPIs

reduced it marginal cost of funds- MUST LISTEN

based lending rate (MCLR) by 5

basis points for various tenors,
effective June 15.

The benchmark one-year MCLR,

which forms basis of most of
consumer and personal loans,
On the Ball | World Cup 2019:
will be at 8.60 per cent as England could be crowned world
compared with 8.65 per cent champions, says Gaurav Kalra

currently, the bank said in a

Syndicate Bank
regulatory filing. STAY UPDATED

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Overnight, one-, three- and six- Subscribe to our Daily Newsletter

month MCLRs have also been cut Enter Email address Submit
NSELIVE
40.00 -0.25 (-0.62%)
by 5 bps each to 8.15 per cent, 12 Jul, 2019 15:59

Volume 1285146 Todays L/H 39.65 40.45

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8.25 per cent, 8.45 per cent and More

8.55 per cent, respectively.

The base rate has been kept unchanged at 9.50 per cent, while the benchmark prime lending rate (BPLR)
also stands unchanged at 13.85 per cent.

First Published on Jul 12, 2019 10:03 pm

TAGS #Business #Syndicate Bank

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Last Updated : Jul 12, 2019 10:01 PM IST | Source: Moneycontrol.com

Banks may not waive off RTGS and NEFT charges fully
They are allowed to charge for administrative and fixed costs, network charges, manpower,
etc. from these services.
Hiral Thanawala
@thanawala_hiral Lord’s: The Home of Chennai real estate hit
Cricket due to water scarcity

The largest public sector bank, 3 Point Analysis | IndiGo Impact of higher
boardroom tussle surcharge on FPIs
SBI gave its customers reason to
MUST LISTEN
rejoice as it announced a waiver
of charges for online money
transfers through the NEFT and
RTGS routes. But not everyone is
following suit.

Some banks continue to charge

for RTGS and NEFT transactions
On the Ball | World Cup 2019:
while using online banking. For England could be crowned world
instance, Gaurav Mashruwala, a champions, says Gaurav Kalra

Sebi-registered investment adviser from Mumbai was recently charged for NEFT transaction by Bank of
STAY UPDATED
Baroda (BoB). After raising a complaint with the BOB authorities, Mashruwala got a reply from the bank
stating that it has revised its service charges and waived off the processing charges and time varying Subscribe to our Daily Newsletter
charges for NEFT transactions as per the RBI circular, with effect from July 1, 2019. The bank will continue Enter Email address Submit
to charge for other applicable costs which it incurs on such transactions. A senior retail banker requesting
anonymity said, “Banks can continue to charge for administrative and fixed costs, network charges, Get Daily News on your Browser Enable
manpower, etc. from these services. Only charges paid to the RBI by banks for this transaction must be
reduced.”
TRENDING NEWS
In June, during the second monetary policy meeting, the Reserve Bank of India (RBI) announced the
Asus ROG Zephyrus
removal of charges levied by the Central Bank for transactions processed in the Real Time Gross Settlement
M GU502 review:
System (RTGS) and National Electronic Funds Transfer (NEFT) systems. So, banks were required to pass on Powerful gaming
laptop that scores
these reduced charge benefits on RTGS and NEFT to customers. But that doesn’t mean that money transfer brownie points in productivity
using the NEFT or RTGS systems would become free across the board.
Kerala jail ties up with Swiggy, to sell
biriyani made by inmates
Not fully free
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Galaxy A80 complain about the stuck
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RELATED NEWS There was a misconception among customers that, effective July 1, there will
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SBI waives off online RTGS, NEFT,
be no charges on RTGS and NEFT based money transfers online. In the last one the specs, price and offers
IMPS transfer charges week, several complaints have been raised by customers to banks on social
Mumbai rains: IMD mocked on Twitter over
Fund transfer via RTGS, NEFT set media and the banking ombudsman of the RBI for charging them while failed predictions

to get cheaper from July 1

making these transactions.
Fund transfers via RTGS, NEFT to
cost less from July 1 Another retail banker requesting anonymity said, “Banks will charge
according to their own cost structure on RTGS and NEFT transactions. If it
doesn’t come down, then they can’t extend the benefit to the customers by waiving it off.” So, now, charges
for RTGS and NEFT transactions will vary from bank to bank.

Effective July 1, the State Bank of India (SBI) has waived off charges on funds transfers made via RTGS and
NEFT for its YONO, internet and mobile banking customers. The bank will also give free access to IMPS for
the same set of customers from August 1. For customers transacting through branch banking, RTGS and
NEFT charges were reduced by 20 percent across all slabs of money transaction.

ICICI Bank has also waived off RTGS and NEFT charges effective July 1 for online transactions. There are
some of the banks that had waived off these charges quite a while ago. For instance, HDFC bank had waived
off these charges in November 2017. This was applicable across all retail savings, salary and non-resident
customers.

There are other banks that have waived off these charges to customers on certain category (type) of savings
account. For instance, IDBI bank has waived off RTGS, NEFT and IMPS charges on its Royale Plus account,
whereas in other categories of savings accounts, it continues to charge from customers.

However, it’s important to note as RBI has waived the charges on RTGS and NEFT transactions for banks,
they have to reduce the charges and cannot keep it at the same level. If charges don’t reduce, raise a
complaint to your bank or to banking ombudsman of RBI.

First Published on Jul 12, 2019 10:01 pm

TAGS #Banking Charges #NEFT #Online Banking #RTGS

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