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Latest News Mar 17, 2015 Yahoo! pays $24,000 to Hacker for finding Security Vulnerabilities  Yahoo! has offered $24,000 to a security researcher for finding out and reporting three critical security vulnerabilities in its products including Yahoo! Stores and Yahoo!-hosted websites. While testing all the company's application, Mark Litchfield, a bug bounty hunter who often works with different companies, discovered three critical vulnerabilities in Yahoo!'s products. All the three ... Read more... Smart ATM offers Cardless Cash Withdrawal to Avoid Card Skimmers  Banks have tried every effort, from providing Magnetic Stripes based Credit and Debit Cards to Chip-and-Pin Cards, in order to secure its users from credit card cloning and card Skimmers. It has been known from years that Magnetic stripe are incredibly hackable, but Chip-n-Pin cards have also been hacked and successfully cloned by a group of security researchers. A unit of Canada’s Bank of ... R...

1. Wipro appoints Abid Neemuchwala as COO i. India's third largest IT services exporter Wipro Ltd. announced the appointment of appointment of former TCS top executive Mr. Abid Ali Neemuchwala as the Group President and Chief Operating Officer of the company.  ii. Mr Neemuchwala was heading the Business Process Services globally.  iii. Apart from this he was also involved in several leadership roles during his 23-year-long career with TCS.   2. Facebook acquires The Find e-commerce search engine i. Facebook has acquired The Find, a nine-year-old company with a search engine that indexes products across thousands of e-commerce sites. ii. That probably means the ads Facebook users see will be more relevant to products they’ve been browsing and buying online, perhaps highlighting local retailers. One of The Find’s features is that it attempts to mix online and local stores and says its results are based on “your social profile.” iii. For Facebook, the technolog...

1. US dollar hits 12-year peak, emerging markets spooked i. The US dollar climbed to multi-year peaks against the euro and yen in Asia amid starkly diverging outlooks for interest rates globally. ii. Currencies from emerging markets came under mounting pressure from risk aversion. iii. The skittish mood spread to Asian stocks as MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.6 per cent. iv. Federal Reserve would start lifting interest rates from mid-year, while central banks in the European Union and Japan were busy easing policy by buying billions in government bonds. v. Oil managed minor gains, with Brent crude oil up 13 cents to $58.66 a barrel, while U.S crude added 26 cents to $50.26.   2. India slips to second place in hiring outlook for April-June quarter i. India has slipped to the second place, after Taiwan, in terms of the companies' employment outlook for the next quarter. ii. As per the latest quarterly Employment Outlook Su...

1. Economic Survey 2015: Highlights i.  The Economic Survey, prepared by the finance ministry's chief economic adviser Arvind Subramanian, was tabled in the Lok Sabha. ii.  India’s economic survey pegged growth at more than 8 per cent for the next fiscal and said inflation was now declining, while also setting the agenda for reforms needed to further drive the expansion, prune wasteful expenditure and promote productive investment. Following are the highlights of the survey: - Double digit economic growth trajectory now a possibility -  Government will adhere to fiscal deficit target of 4.1% of GDP in 2014-15 -  Economic Survey says estimates current account deficit to fall to 1 pct of GDP in coming fiscal year​ - Average WPI inflation declines to 3.4% in 2014-15 (April-December) against 6% previous year - Need to improve productivity in the agricultural sector to ensure food security - Post Office can be linked with AADHAR based benefits transfer archit...

1. Union Budget 2015 highlights -   No merit in going ahead with Direct tax Code as it exists today. Net impact of tax proposals Rs.15,068 crore. - Yoga to be included under charitable activites. - Indiviual taxpayer can get benefits up to Rs. 4,44,200. - Transport allowance exemption to be increased to Rs. 1,600 per month. - Rs. 50,000 contribution to new pension scheme. "To make India a pensioned society." - Additional deduction of Rs. 25,000 for differently abled persons. - Increase in limit of deduction of health insurance premium of Rs. 15,000 to Rs. 25,000. For senior citizens, limit will be Rs. 30,000. Very senior citizens - Rs. 30,000 deduction on expenses incurred. - 2 per cent cess on services for Swachch Bharat. - 100 per cent deduction for contribution to Swachch Bharat and Clean Ganga schemes. - Service Tax rate increased to 14 per cent.   2. Three-point action plan to realise ‘Make in India’ dream i. The non-controversial response lies in improving th...