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Cut government stake in banks below 50%: ASSOCHAM
The Punjab National Bank's fraudulent transactions worth INR 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50% in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their shareholders protecting interest of depositors, ASSOCHAM has said.Read more
Gemalto launches the first biometric EMV card for contactless payments
Gemalto, has been selected by Bank of Cyprus to supply the world's first EMV biometric dual interface payment card for both chip and contactless payments. Using fingerprint recognition instead of a PIN code to authenticate the cardholder, the card is compatible with existing payment terminals already installed in the country.Read more
Continental automates charging of electric vehicles and makes them a mobile power bank
Many drivers have long dreamed of the day when charging an all-electric or plug-in hybrid electric vehicle would be as easy as refueling a conventional model. Continental will be demonstrating at the Consumer Electronics Show (CES, January 9 to 12, 2018) in Las Vegas, its two new battery charging systems, both of which help to maximise the inherent advantages of electric vehicles.Read more
Dow banks on innovation to propel growth in India
The company, which works closely with over 300 customers to outline next generation priorities, emphasises on local R&D and collaboration across government, industry and academiaRead more
