Monetary Policy Review: RBI keeps interest rate unchanged

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February 3, 2015

At its Monetary Policy review, the Reserve Bank of India (RBI) on Tuesday kept the short-term indicative policy rate unchanged at 7.75 percent.

They cut statutory liquidity ratio by 0.5 percent to 21.5 percent.

“Given that there have been no generous new improvements on the disinflationary process or on the monetary viewpoint since January 15, it is appropriate for the RBI to await them and keep up the current Interest Rate stance,” RBI Governor Raghuram Rajan said in the statement.

President Obama’s financial plan : Tax the rich, help working class

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KS Rao & Team

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February 3, 2015

Guaranteeing to help America’s working class, President Barack Obama on Monday sent Congress a record $4 trillion financial plan.

The new plan helps to raise taxes on the wealthy while boosting tax credits for middle-class families and the working poor.

“These suggestions are practical, not partisan,” Obama said of his overall plans.

“They’ll help working families feel more secure with paychecks that go further, help American workers redesign their skills so they can seek higher-paying occupations, and help make the conditions for our organizations to continue creating great new employments for our laborers to fill.” Obama said.

Manufacturing growth in India drops to three-month low

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KS Rao & Team

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February 2, 2015

As indicated by the month to month HSBC-Market review released on Monday, India’s headline Purchasing Managers’ Index (PMI), a composite gauge of manufacturing business conditions, tumbled from December’s two-year record of 54.5 to 52.9 in January.

As indicated by the statement of HSBC’s chief India economist Pranjul Bhandari, producing action kept on improving in January, however the rate of growth slipped to a three-month low.

The Reserve Bank Of India is planned to Audit its policy rates on Tuesday to cut down the cost of capital to support the manufacturing sector in India.

Carl Djerassi, father of birth control pill passes away

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KS Rao & Team

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February 1, 2015

Carl Djerassi (91),a Stanford chemist broadly considered the father of the birth control pill, has died.

Djerassi was a key contributor to the invention of the birth control pill.

Later in his career, he turned to writing novels on mixing science and Literature, and he considered himself a chemist, writer, teacher and philanthropist.

As reports say, Djerrasi died of entanglements of cancer in his San Francisco home.

Carl Djerassi is survived by a son, Dale Djerassi; a stepdaughter, Leah Middlebrook; and a grandson, Alexander M. Djerassi.

Big screen revolution: Samsung down in China, Apple gains

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KS Rao & Team

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January 31, 2015

As latest reports say, Samsung lost the clash of the big phones last quarter in Chinese market as Apple’s iPhone devices enticed purchasers in the significant market.

Apple Inc. was behind Samsung’s most recent reversal in fortune.

As studies indicate, iPhones with bigger screens which are available in Chinese market robbed Samsung’s Galaxy phone market in significant Chinese base market.

In the second quarter last year, Xiaomi overtook Samsung to turn into the greatest selling cell phone producer in China. Samsung now positions third in that market, after Apple hustled to the top in the final quarter, as per Canalys (a research company).

Reserve Bank of India welcomes Airtel, Kotak Mahindra Bank tie-up

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KS Rao & Team

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January 30, 2015

H R Khan, Deputy Governor of RBI (Reserve Bank of India) welcomed the deal between nation’s largest mobile telephony player Airtel and Kotak Mahindra Bank for a payment bank, saying the RBI has been pushing for such tie-ups for long.

Addressing an event organised by ETNow, Khan said “If they have cost effective system, use mobile and telco newtork, then they can be successful.”

We have been striving for tie-ups for a long while, relatively few tests have truly fructified however one ought to be energized by this activity, he added.

Amazon challenges Google, Microsoft with its own corporate email service

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KS Rao & Team

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January 29, 2015

Online shopping giant Amazon has announced arrangements to offer email service to straightforwardly compete with Outlook and Gmail.

The service seems aimed at corporate clients that right now pay for Google Apps and Microsoft Outlook or other services.

The service named Amazon Workmail enables clients to send and get email, manage contacts, share calenders and book resources using the same email applications they use today including services like Outlook and Google+ Apps.

Twitter launches group messaging and video sharing features

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KS Rao & Team

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January 28, 2015

Twitter has started taking off new group chat and video features as it attempted to increase utilization of the one-to-numerous messaging service.

As product director statement says,private discussions on Twitter are an incredible supplement to the largely public experience on the platform.

Twitter permits users to send direct messages to each other; the new feature extends that capability to allow shared exchanges involving as many as 20 people, as indicated by Kamdar’s (Product director) statement.

Facebook goes down, blames internal software networking error

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KS Rao & Team

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January 27, 2015

Facebook, the world’s largest Social Network, and its Instagram photo-sharing site, suffered interim blackouts around the world for up to 60 minutes on Tuesday (27th Jan) and the organization said later that an inward programming systems administration error was to be faulted.

The outrage at Facebook seemed to overflow and temporarily slow or block traffic to other major internet sites, as per web and mobile client reports from around the globe.

USA, India to Cooperate on Climate, Clean Energy

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KS Rao & Team

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January 27, 2015

Prime Minister Narendra Modi and US President Barack Obama have made a huge stride forward with their declarations on handling environmental change.

Modi and Obama on Sunday agreed that India and the United States will cooperate to backing India’s ambitious climate and energy goals by concentrating on air quality and expanding the share of renewables in the energy basket.

This partnership is focused on particular initiatives such as addressing urban air quality and expanding policy dialogues.

WhatsApp Web: Now you can chat from your PC

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KS Rao & Team

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January 22, 2015

The most well known messaging tool WhatsApp is currently accessible to use via Google Chrome.

Current WhatsApp users can connect their Whatsapp mobile application to Chrome.

“Your telephone needs to stay connected to the internet for our web client to work, and please make sure to install the most recent version of Whatsapp on your phone,” said a post on webpage.

Around 30 billion Whatsapp messages are sent every day, compared to 20 billion SMS.

It also has around 700 million monthly dynamic users, in excess of 500 million of which are Android users alone.

Twitter acquires Bangalore-based ‘missed call’ service ZipDial

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KS Rao & Team

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January 20, 2015

Twitter Inc. one of the leading micro-blogging sites has reported its formal acquisition of Bangalore based mobile marketing and analytics company ZipDial Mobile Solutions.

As reports say, the deal of acquisition for some place around the $30 to $40 million figure. However, the definite total has not yet been revealed by both of the organizations.

As part of ZipDial services, they use missed calls to connect brands with their applicable target crowd.

Through the acquisition, Twitter aims to further its ease of access around the globe.

Google in Talks to Buy Mobile-Payments Service Softcard

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KS Rao & Team

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January 18, 2015

As latest reports indicated, Google is planning to compete with Apple in mobile payments.

As sources revealed, the internet giant is planning to acquire Softcard, an organization that helps individuals to pay for things utilizing their cell phones.

The deal would give strategic advantage to the company to compete in mobile payments.

tech titans like Apple and Google+ have great motivation to invest in payments.

By 2019, customers will purchase $142 billion value of goods utilizing mobile payments services, up from $52 billion in 2014, as per Forrester Research.

Lenovo launches cheapest 4G smartphone in Indian market

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KS Rao & Team

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January 16, 2015

Chinese gadget producer Lenovo has launched its recently disclosed budget 4G cell phone, A6000, at Rs 6,999.

At this value, it will be the least expensive 4g-empowered Smartphone accessible in the market.

Lenovo A6000 sports a 5-inch IPS HD (720x1920p) display. Powered by a 64-bit 1.2ghz Qualcomm Snapdrogon 410 processor and 1GB RAM, the telephone accompanies 8GB of storage room.

Facebook brings free Internet to Colombia

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KS Rao & Team

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January 15, 2015

Facebook Inc chief Mark Zuckerberg on Wednesday launched a mobile phone application that gives Colombian users free access to a modest bunch of online services.

An idea beyond this effort is to bring developing markets online.

Colombia is the First Country in Latin America to get the new internet.org service, in association with domestic cell telephone supplier Tigo. However, the aim is to push the application across the region.
“By giving individuals these fundamental tools free of charge, you’re making an equivalent playing field,” Zuckerberg said.

Infosys announces $250-mn to fund innovations in software and services in India

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KS Rao & Team

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January 14, 2015

Infosys head Mr.Vishal Sikka on Wednesday met PM Narendra Modi and unveiled that his organization will use $250 million to fund Innovations in software services in India.

As indicated latest reports, Sikka also discussed the company participation in the PM’s vision of smart and digitally empowered India.

“Today, I had a gathering with the Prime Minister. We had a discussion on smart cities, smart Infrastructure, which is closer to his heart,” he said.

WORLD’S 6% POPULATION ADDICTED TO INTERNET

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KS Rao & Team

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January 13, 2015

As indicated by a new global study, 6 per cent people on the planetare addicted to the internet which may be unfavorably influencing their lives, including their wellbeing and interpersonal connections.

As researchers revealed, internet addiction is a motivation control issue checked by a powerlessness to hinder Internet use, which can adversely affect an individual’s life, wellbeing and interpersonal connections.

According to researchers, data has been collected from more than 89,000 people in 31 countries, and found that internet addiction affects 6 per cent of people Worldwide.

NUMBER OF CYBER CRIMES IN INDIA MAY REACH 300,000 BY 2015

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KS Rao & Team

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January 13, 2015

An Assocham-Mahindra SSG study has discovered that climbing at an alarming rate, the quantity of cyber crimes in the nation may twofold to 3 lakh in 2015.

The raising of crime rate could posture serious economic and national Security challenges, the study revealed.

According to the study’s discoveries, aggregate number of cyber law violations enrolled amid 2011, 2012, 2013 and 2014 stood at 13,301, 22,060, 71,780 and 1,49,254 respectively.

The expanding utilization of cell phones and tablets for internet banking and other monetary exchanges have expanded dangers.

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