NEW DELHI — PhonePe, the Walmart-owned digital payments company, has started levying transaction fees on certain transactions including UPI. The company had recorded over 165 crores UPI transactions on its platform in September. The company is the first digital payment app to start charging for UPI-based transactions. This service is being provided free of cost […]
Biz-Tech
Facebook plans to rebrand with a new name: Report
NEW DELHI — Social media giant Facebook Inc is planning to rebrand itself with a new name next week, the Verge reported on Tuesday, citing a source with direct knowledge of the matter. Facebook Chief Executive Officer Mark Zuckerberg plans to talk about the name change at the company’s annual Connect conference on Oct. 28, but […]
Self-regulation in social media not working: White House
WASHINGTON — Social media platforms have made clear that self-regulation is not working, the White House asserted on Monday, saying reports about efforts to attract young users and negative effects on teenagers’ mental health are troubling. As we saw the revelations that came out in that interview, in our view, this is just the latest […]
‘Sorry for the disruption’, says Mark Zuckerberg as Facebook, WhatsApp, Instagram services return online
NEW DELHI — Services of Facebook, Instagram, and WhatsApp are coming back online after several hours of disruption that impacted millions of people worldwide. While apologising for the disruption in the services of Facebook, Whatsapp and Instagram, tech giant’s CEO Mark Zuckerberg said that services are returning online on Tuesday. “Facebook, Instagram, WhatsApp and Messenger […]
Mark Zuckerberg loses $7 bn in hours as Facebook crash takes down firm’s stock
NEW DELHI — Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. A selloff sent the social-media giant’s stock plummeting around 5% on Monday, […]
WhatsApp, Instagram, Facebook down globally
SRINAGAR — Facebook and its owned applications WhatsApp and Instagram are reporting loading issues as several users worldwide complained. Downdetector showed there were more than 20,000 incidents of people reporting issues with Facebook and Instagram. Meanwhile, the social-media giant’s instant messaging platform WhatsApp was also down for over 14,000 users, while Messenger was down for […]
J&K Bank receives additional capital of Rs 500 Cr from J&K Government
SRINAGAR — In a major boost to its capital adequacy, J&K Bank today received Rs 500 Cr from Government of J&K UT as capital to acquire over 16.76 Cr shares in the Bank. Pertinently, Reserve Bank of India (RBI) recently allowed the J&K UT Government to acquire over 16.76 Cr shares in the Bank on […]
IGC Lassipora unit holders flay KPDCL diktat to disconnect power connections, demand amnesty
SRINAGAR — The unit holders at the Industrial Growth Centre (IGC) Lassipora in south Kashmir’s Pulwama district on Wednesday flayed a recent diktat by the Kashmir Power Distribution Corporation Limited (KPDCL) to disconnect their power supply and demanded a power waiver from the J&K government in view of the losses incurred by them due to […]
RBI cautions public not to share account details, passwords with unidentified agencies
MUMBAI — The Reserve Bank on Monday cautioned people against frauds in the name of KYC updation and advised them not to share key information like account details or passwords with unidentified persons or agencies. In a release, the RBI said it has been receiving complaints/reports about customers falling prey to frauds being perpetrated in […]
Facebook Messenger Gets End-to-End Encryption for Voice and Video Calls
Facebook on Friday rolled out end-to-end encryption for voice and video calls on Messenger, adding another layer of privacy to its widely used communications platform. Facebook’s WhatsApp and Messenger services already have end-to-end encryption on personal texts messages sent by users. The social media giant has gradually been adding audio and video features to its […]