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Samsung unveils Galaxy Note 9, to arrive in India this month

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Samsung Galaxy Note 9

New York, Aug 9 (IANS) Sounding the bugle for its annual warfare with Apple right on its home turf, Samsung on Thursday launched its flagship Galaxy Note 9 — a device with a mammoth 1 TB memory, bigger battery and a Bluetooth-equipped S Pen.

The 6.4-inch Note 9 comes in four colours and two variants — 6GB RAM and 128GB in-built internal memory (expandable up to 512GB) and 8GB RAM with 512GB ROM that can be expandable up to 1TB with an additional 512GB microSD card — a delight for the gamers and heavy-duty users.

“The Note has always been our showcase for premium technology and industry defining innovations. It is designed for a level of performance power and intelligence that today’s power users need,” DJ Koh, President and CEO of IT & Mobile Samsung Electronics, said at the jam-packed Brooklyn’s Barclays Center in New York City.

Both variants of the phablet will arrive in India by the end of this month and the price and exact availability date will be announced on August 10. However, not all the four colour models may initially make their way to India.

“The pricing will play a bigger role in deciding whether Samsung wants to fight the Chinese players or continue its focus on the premium customers in India,” Satish Meena, Senior Forecast Analyst at Forrester Research, told IANS over phone.

The device that runs OS Android 8.1 (Oreo) will have the latest Qualcomm Snapdragon 845 system-on-chip (SoC) for the US customers and the models powered by Samsung’s very own “Exynos 9 Series 9810” chips will head to the rest of the world, including India.

Samsung's Galaxy Note 9

Samsung’s flagship Galaxy Note 9 comes in four colours and two varients – 6GB RAM and 128GB in-built internal memory and 8GB RAM with 512GB ROM that can be expandable up to 1TB.

The device will sport dual camera system (12MP+12MP) with dual optical image stabilisation (OIS) at the rear — with 2 times more powerful optical zoom and up to 10 times powerful digital zoom — and an 8MP front shooter.

Note 9 with Quad HD+ Super AMOLED display houses 4000mAh battery — 21 per cent bigger that Note 8 – that is paired with fast-charging technology compatible with both wired and wireless charging.

When it comes to Stylus Pen (the company calls it S Pen), there is much more to experience this time.

“S Pen now has remote control functionality along with Bluetooth connectivity and extremely fast charging,” the company executive explained.

“S Pen can control anything, from YouTube or photo gallery to operating the phone camera. It can guide entire presentations at office meetings. We have opened software development kit (SDK) for S Pen and will soon have more applications and features,” they added.

The fingerprint scanner is comfortably located just below the rear camera system.

Note 9 also comes with dust and waterproof IP68 rating (including S Pen) and houses “Samsung Knox” enterprise mobile security solution pre-installed for enhanced security.

The flagship smartphone has also retained the iconic 3.5-mm headphone jack.

(Nishant Arora is attending the event at Samsung’s invitation. He can be contacted at [email protected])

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Rupee devalues to record low of 70 to a USD; recovers

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trade deficit widens

Mumbai, Aug 14 (IANS) Geo-political pressures, along with outflows of foreign funds and high crude oil prices dragged the Indian rupee to its lowest ever intra-day level of over 70 against a US dollar on Tuesday.

On Tuesday morning, the Indian currency plunged to 70.08 — the lowest ever — against the greenback.

However, a likely intervention by the Reserve Bank of India and stabilisation in the global currency markets pared the rupee’s early fall.

At the end of the intra-bank trade session on Tuesday, the Indian rupee strengthened by four paise at 69.90 against the dollar, compared to Monday’s close of 69.94 per greenback.

“A near 4 per cent intra-day rebound in the Turkish Lira, on the back of talks between NSA from USA and Turkish Ambassador to US, was not enough to prevent the rupee from sliding past 70 handle against the greenback,” said Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities.

“RBI intervention has kept the pair below 70 since then on spot. However, demand from offshore speculators and also demand from importers have not allowed the rupee to appreciate.”

Banerjee pointed out the trend in USD/INR for the rest of the week will be dictated by the trend in greenback against major currencies like Euro and GBP.

Recent US-imposed sanctions and tariffs on Turkey has had an impact on its and other emerging market currencies over fears of further global protectionist measures.

“Since currencies of emerging and developed markets are falling, the RBI is not intervening aggressively in the market. It is intervening selectively to contain volatility,” Rushabh Maru, Research Analyst, Anand Rathi Shares and Stock Brokers, told IANS.

“Since 70 level has been breached today we may see importers rushing to buy dollars on every dip in the USD/INR. On the other hand exporters may avoid selling dollars at current levels as the rupee is depreciating sharply.”

Apart from global cues, outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee.

Investment-wise, provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 378.84 crore.

“The swift move past 69 happened due to Foreign Institution Investor (FII) outflows and the need to hedge existing short dollar positions in the market, driven by global market sentiment rather than actual importer demand,” said B. Prasanna, Group Executive and Head for Global Markets Group, ICICI Bank.

“On a medium term basis, the rupee will need to depreciate further to keep up with the inflation differentials with other trading partners. However there could be a minor reversal of this depreciation on a short term basis when the global situation stabilises.”

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Pune’s Cosmos Bank cyber attack : Hackers used International Visa Debit Cards

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Mumbai, Aug 13 : On the issue of cyber attack on India bank, Cosmos Bank Chairman Miland Kale said that hackers used 450 International Visa Debit Cards and conducted 12000 transactions and siphoned off Rs 94.42 crore from the Cooperative bank in just 2 hours 13 minutes.

“Using 450 International Visa Debit Card, 12000 transactions took place in 2hrs 13min from ATMs and other locations across 21 countries on Saturday. It is a big criminal racket,” Milind Kale, Cosmos Bank Chairman, said.

“In India,2800 false transactions of Rs 2.5Cr using 400 debit cards took place. It’s an international attack on banking system. No customer account affected, dummy cards were used and switching system of the bank was hacked” he added.

Probe is underway as Cosmos Cooperative Bank Ltd was cyber-attacked twice, on Saturday and on Monday, according to an FIR lodged by an official of Cosmos Bank with Chaturshringi Police Station.

Suspected hackers siphoned off Rs 94.42 crore from the Cosmos Cooperative Bank Ltd — the second oldest and second biggest cooperative bank in India — to various foreign and domestic bank accounts, police said on Tuesday.

The complaint said the first attack took place on August 11 between 3 p.m. and 10 p.m. and on August 13 around 11.30 a.m., affecting its headquarters on Ganeshkhind Road.

A police officer said that during those hours, some unknown persons hacked into the ATM Switch (servers) at the headquarters and acquired the sensitive data of its Visa and RuPay debit card customers.

As per tentative estimates, the hackers siphoned off Rs 78 crore by 12,000 Visa card transactions and transferred it out of the country, including bank accounts in Hong Kong.

Another amount of Rs 2.50 crore from 2,849 transactions was transferred within India, details of which were being investigated, said the police.

Before the bank could react, in a fresh attack on Monday (August 13), the hackers initiated SWIFT transactions and transferred Rs 13.92 crore to the accounts of a company, ALM Trading Ltd, with Hang Seng Bank, Hong Kong. The amounts were soon withdrawn from that bank.

 

 

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India’s wholesale inflation eases to 5.09% in July

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wholesale inflation

New Delhi, Aug 14: India’s annual rate of inflation based on wholesale prices eased to 5.09 per cent in July from a rise of 5.77 per cent in June, official data showed here on Tuesday.

The data on wholesale price index (WPI) furnished by the Ministry of Commerce and Industry showed that the rate of inflation had risen 1.88 per cent during the corresponding month in 2017.

IANS

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