Quick Heal detects banking apps trojan
New Delhi: Cybersecurity solutions firm Quick Heal Thursday said it has spotted an Android banking trojan that imitates over 232 apps, including those offered by Indian banks, and steals user data. The malware known as Android.banker.A2f8a is being distributed through a fake Flash Player app on third-party stores, Quick Heal said in a statement. After downloading the app, the trojan keeps checking for the installed apps on the victim’s device and particularly looks for the 232 banking and cryptocurrency apps, it added. Once any of the targeted apps is found on the device, the app shows fake notifications disguised as coming from the targeted app and asks users to log in with their credentials and ultimately, tricks them by stealing their login ID and password. “Users are advised to avoid downloading apps from third party app stores or links provided in SMS and e-mails to keep their credentials safe,” Quick Heal Technologies Joint Managing Director and Chief Technology Officer Sanjay Katkar said.
AI to get 3 B777s with foreign bank aid
New Delhi: State-owned Air India has tied up with UAE-based First Abu Dhabi Bank, Standard Chartered Bank and Mashreq Bank to avail short-term loans to acquire three Boeing 777 aircraft, Union minister Jayant Singh said Thursday. Two of the aircraft are to be used for ferrying VVIPs, the minister of state for civil aviation said in a written reply in the Lok Sabha. The delivery of the three B777-300 ER planes is scheduled to be completed next month — two in January and one in February. In early November, the disinvestment-bound airline issued a revised tender (after first floating it in October), soliciting interest from lenders for a loan worth up to $535 million (around Rs3,460 crore). Last month, the airline also floated tenders for securing loans worth over Rs 1,100 crore for modification of two Boeing aircraft for ferrying VVIPs — the president, vice-president and prime minister.
OBC hikes interest rates on FCNR A/Cs
New Delhi: Oriental Bank of Commerce Thursday said it has hiked interest rates for deposits in foreign currency non-resident (FCNR) accounts. The bank has revised the interest rates on FCNR (Banks) deposits with effect from January 4, 2018, it said in a statement. For the USD FCNR (B) deposits of one year and less than two years, the interest rate has been revised upwards to 3.06 per cent from existing 2.78 per cent. For over two years to less than three years, the rate have been fixed at 3.30 per cent against 2.80 per cent. Among others, maturities of over three years and less than four years will earn an interest rate of 3.35 per cent (against 2.85 per cent). For deposits maturing in four years and less than five years, the new rates will be 3.40 per cent (from 2.95 per cent) and for FCNR accounts for deposits up to five years, the new rate will be 3.45 per cent from 3 per cent.
IOB to write off over Rs7K cr losses
New Delhi: Indian Overseas Bank Thursday said it will utilise the funds in its share premium account to write off accumulated losses of over Rs6,978 crore at the end of previous fiscal. The share premium account is an equity account on a company’s balance sheet and the amount in the account represents the additional amount shareholders paid for their issued shares that was in excess of the par value of those shares. The bank said it has a balance availability in the share premium account of Rs7,650.06 crore as on March 31, 2017. The board of directors Thursday considered and approved to utilise the balance to “write off the accumulated losses of the bank aggregating to
Rs 6,978.94 crore as at March 31, 2017,” the bank said in a regulatory filing.
97.54 cr mobile users as of Nov: COAI
New Delhi: Mobile subscriber base is estimated to have reached 97.54 crore in November with net addition of 83.3 lakh new customers, industry body COAI has said. The estimates include October subscriber base data of Reliance Jio with 14.59 crore customers and MTNL with 36 lakh. Data released by COAI, showed Bharti Airtel held the top position with 29.68 per cent market share and added another 40.4 lakh subscribers during November, taking its total subscriber base to 28.95 crore. Airtel was closely followed by Vodafone which ended November with 21.1 crore subscribers. Idea Cellular Ltd stood third at 19.4 crore subscribers.
Infy CEO to get up to rS18.6 cr per yr
Bengaluru: Salil Parekh, the newly appointed CEO of Infosys, will draw an annual salary of up to Rs18.6 crore, including variable component, from April. For the first three months of 2018, Parekh will be paid an “initial variable pay” of Rs2.37 crore, apart from fixed salary and other benefits, as per Infosys’ postal ballot. Infosys has sought shareholder approval for Parekh’s appointment, who assumed office on January 2 for a period of five years. The ballot, which will be put to vote between January 22-Febraury 20 — also seeks nod for re-designation of UB Pravin Rao as Chief Operating Officer and whole-time director. The results will be announced on or before February 24. As per the proposal, Parekh will get an annual salary of Rs 6.5 crore (fixed pay), and will be eligible for maximum 125 per cent of the annual variable pay of Rs 9.75 crore (which comes to up to Rs 12.18 crore), subject to achievement of certain milestones.
