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Reserve Bank of India (RBI) has today announced a hike in the short term lending borrowing rate. It is believed that this step by RBI will make it difficult for one to book a home or auto loan.

It has been revealed that RBI has increased the repo rate to 7.5% however the borrowing rates have been increase to 6.5%. As a result of hike in repo rate and borrowing rate, the marginal standing facility has also gone up to 8.50%. Since March 2010, it is for 10th time when the repo rates have been augmented.

Popular game developer, Bungie is planning to mark its upcoming 20th anniversary by holding a massive fan event including a auction of the memorabilia.

The event, which will be organized from June 23 to July 7, will offer fans a chance to get some of the very rare objects from the Halo universe. For the fans of the Microsoft’s flagship videogame, the studio is also planning to unveil details f its first cross-platform creation at the event.

Leading mobile handset maker, Nokia announced on Tuesday that Apple, with which it is engaged in a legal battle over intellectual property, has agreed to pay royalties for using Nokia technology on apple devices.

The new understanding between the two companies will end all of their ongoing patent disputes. "The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement," Nokia said in a statement.

The PCI Security Standards Council has published follow-up detailed information on the virtualization guidelines that were released in version 2.0 of PCI DSS.

It took about 28 months for the council to compile the in-depth guidance on how PCI Data Security Standards (DSS) apply in a virtual environment. The new publications will provide recommendations on how firms can how to use virtualization while managing compliance.

According to data from Big Brother Camera Security, 14.4% of PIN codes users by all iPhone users are based on just 10 PIN code combinations.

Developer Daniel Amitay’s Big Brother Camera Security app takes a picture of anyone using your iPhone 4 using the front camera in the device, anonymously. Amitay collected 204,508 pin codes and has posted graphics on the choice of PIN codes on his website.

The new Chromebook, manufactured by the South Korean Electronics giant, Samsung has received several favorable reviews with praises for its attractive design and the fast web based platform, on which it runs.

Samsung Series 5 Chromebook runs on the web based Chrome OS and features a sleek rounded design. The 12.1-inch netbook is powered by an Intel Atom N570 dual-core CPU, has 2GB of RAM, and a 16GB solid state drive.