Telenor keen on setting up 'Payments Banks' in India

New Delhi - Norwegian telecom major Telenor on Friday said that it is evaluating 'Payment Banks' business opportunity in the country.

"It is a good step forward. In many countries we are leading mobile money services. I welcome the structure and we will surely have look at it," Telenor Group CEO Jon Fredrik Baksaas said in reply to company's interest in setting up Payment Banks in the country.

The Reserve Bank of India had issued draft guidelines for setting up Payment Banks to facilitate small savings accounts, payments and remittance services to migrant labour workforce. As per draft guidelines mobile service providers are also eligible for setting up payment banks.

President Mukherjee to be first Indian leader to cross Arctic Circle

President Mukherjee New Delhi, Oct 10 : President Pranab Mukherjee, during his upcoming trip to the Scandinavian countries of Norway and Finland, will become the first Indian President to cross the Arctic Circle.

"President Mukherjee is scheduled to visit the town Rovaniemi in Finland and by doing so, will become the first Indian President to cross the Arctic Circle," said Navtej Sarna, Secretary (West) of the Ministry of External Affairs, while interacting with the media here on Friday.

Vice President congratulates Satyarthi on being awarded Nobel Peace Prize with Malala

Hamid AnsariNew Delhi, Oct 10 : Vice President Hamid Ansari has congratulated Kailash Satyarthi on being awarded the 2014 Nobel Peace Prize, jointly with Malala Yusufzai of Pakistan.

"I extend my heartiest congratulations to Shri Kailash Satyarthi on being awarded the 2014 Nobel Peace Prize, jointly with Ms. Malala Yusufzai of Pakistan. This is a richly deserved recognition for two remarkable human beings, who have worked tirelessly and fearlessly, against all odds, to protect and promote the rights of the child," said Vice President Ansari in his message.

Cross-border attacks: PM Sharif chairs NSC meeting

Nawaz SharifIslamabad, Oct 10 : The National Security Committee met in Islamabad today under the chairmanship of Prime Minister Nawaz Sharif and discussed the situation arising from what it called ' unprovoked firing by the Indian security forces across the Line of Control and the Working Boundary'.

The Committee noted 'with deep concern that the continuing ceasefire violations by Indian forces had led to loss of precious lives and injuries to innocent people, including the fearless soldiers'.

Security vendor Symantec splits into two separate companies

SymantecWashington, Oct 10 : Security vendor Symantec has announced that it will be splitting into two separate companies.

The company's board of directors has voted in favour of a plan to break the company into two independent, publicly traded companies, with one focused on security and the other on information management, PC World reports.

Michael A. Brown, Symantec president and CEO said in a written statement that winning in both security and information management required distinct strategies, focused investments and go-to market innovation.

He further said that the two separate companies would enjoy more flexibility and be able to focus better on their respective areas.

Microsoft announces Skype update for Windows, Mac

Microsoft announces Skype updateWashington, Oct 10 : Microsoft has reportedly upd

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