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29 lakh debit cards faced malware attack last year

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New Delhi, March 18: While Indian government is extensively promoting digital India, it is yet to steer clear security challenges on the way. As per government’s response to a question in the Lok Sabha on Friday, as many as 29 lakh debit cards, faced malware attack last year.

Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Lok Sabha, “As reported by commercial banks, 29 lakh cards used at ATMs that were connected to switch of Hitachi were subjected to malware attack.” .

He further cited at least 3,291 successful attempts of misuse of compromised cards were reported to the Reserve Bank of India (RBI) by banks in this period.

The RBI informed that the Hitachi Payment Services (HPS) appointed SISA Information Security for Professional Certified Investigator forensic investigation.

The final report suggested that the ATM infrastructure of the HPS was breached and the data between May 21 and July 11 last year was compromised, but not the point of sale infrastructure, Gangwar said.

The National Payment Corporation of India had informed that no independent investigation was carried out by them, he added.

The RBI has issued a comprehensive circular on Cyber Security Framework in Banks on June 2, 2016 covering best practices pertaining to various aspects of cyber security.

Wefornews Bureau

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TCS first Indian company to achieve $100 billion m-cap

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Mumbai, April 2: IT bellwether Tata Consultancy Services (TCS) on Monday emerged as the first Indian listed company to cross the $100-billion mark in terms of market capitalisation (m-cap).

Around 11 a.m., the m-cap of the company stood at Rs 675,934.95 crore or $101.60 billion on the BSE.

Shares of the company rose over four per cent to a new high of Rs 3,557 per share.

On Friday, the IT major’s shares rose over seven per cent to Rs 3,419.80 per share, taking its m-cap to over Rs 6.50 lakh crore or around $98 billion — close to the $100 billion mark.

The company’s shares had surged a day after its quarterly results announcement, which reported a net profit for Q4 at Rs 6,925 crore — up 4.6 per cent — from Rs 6,622 crore in the same period in 2017 and up 5.8 per cent sequentially from Rs 6,545 crore a quarter ago.

It also announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18.

IANS

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Key Indian equity indices open on flat note

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Mumbai, April 23: Key Indian equity indices opened on a flat note on Monday.

Around 9.16 a.m., the wider Nifty50 of the National Stock Exchange (NSE) inched up by 14.55 points or 0.14 per cent to trade at 10,578.60 points.

The barometer 30-scrip Sensitive index (Sensex) of the BSE, which opened at 34,493.69 points, traded at 34,425.68 points — up 10.10 points or 0.03 per cent from its previous session’s close.

The Sensex has so far touched a high of 34,500.55 points and a low of 34,396.03 points during the intra-day trade.

The BSE market breadth was bullish with 432 advances and 322 declines.

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Centre congratulates Bengal for becoming revenue surplus

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Secretary, Revenue, Dr. Hasmukh Adhia
Hasmukh Adhia, Finance Seceretary.File Photo

Kolkata, April 22 (IANS) The Central government has congratulated the West Bengal government as the state has become revenue surplus in March, officials said.

In a recent communication to state Chief Secretary Malay De, Union Finance Secretary Hasmukh Adhia said: “As far as West Bengal is concerned, the revenue gap has come down from 33.4 per cent in August to (-) 3 per cent in March. The revenue shortfall in West Bengal has been coming down steadily but there seems to have been a spike of a major gain in March where suddenly your revenue deficit has now become revenue surplus.”

“I would like to congratulate West Bengal for such a performance. We do hope that the trend will continue in future months also,” he wrote.

Adhia also mentioned the performance of Goods and Services Tax (GST) collection is improving with some ups and downs.

IANS

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