Bajaj Finance Fixed Deposit get MAAA (Stable) rating from ICRA

MAAA ratings (stable) are considered as one of the highest ratings that are given to fixed deposit products of companies. Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv, is been accredited with ICRA’s MAAA (stable) rating and Crisil’s FAAA/Stable rating. These ratings indicate the lowest investment risk and highest safety for the investors. Along with the highest safety rating, Bajaj Finance Ltd offers many other benefits like the highest interest rates, a minimum deposit of Rs. 25000, flexible tenor and period payout options.

Bajaj Finance Ltd is offering interest rate up to 9.10% with a flexible investment tenor of 12 to 60 months. The company also offers a 15-month special tenor Fixed Deposit that offers 0.25% more than the ROI of a 12-month FD. Senior Citizen enjoys an additional 0.35% over the regular interest rate.

Ola operations banned for 6 months in Karnataka

Ola operations in the state of Karnataka has been banned by the transport authorities after the cab aggregator failed to comply with the order issued to withdraw all bike taxi services in Bengaluru. The state transport department has issued a letter to ANI Technologies, parent company of Ola, ordering it suspend all operations within three days. The letter was issued on March 18, 2019. Under the current order, Ola has to suspend all four wheeler cab services too for a period of 6 months.

Trend Micro on Indian market

India is an up-and-coming market for us, and presents a huge and strategic opportunity for our business. The key investment for us right now is in training our people; that’s why we have launched the new certification-granting program in IT security (CPITS) in India.

There is a big technology shift underway. Cloud infrastructure continues to evolve apace and security in the hybrid cloud environment is getting a lot of attention from our customers. We also see strong demand for endpoint detection and response (EDR) and managed detection and response (MDR) in India. We have invested heavily in all these areas.

Inputs from Mahendra Negi, Group CFO – Trend Micro.

Radha Rama Dorai, Managing Director – ATM and Allied Services, FIS

“ATM numbers have not been growing over the past one year. This is not a good situation, especially when the debit card issuance numbers are going up month on month and DBT dispensations are growing. The DBT beneficiaries need ATMs to withdraw the amounts so given by the Government. Some banks have initiated the process of upgrading their ATMs and reimbursing their service providers for the increased costs, while others are shutting down ATMs that are not profitable. Upgrading the ATMs for compliance is a long drawn out and logistically challenging process and one cannot expect full compliance across all the ATMs of the country, even by the end of this year. Various representations made by industry bodies to the Regulator and the Government for deferment or relaxation of deadlines, have not yielded substantive results so far.”

Fabindia launches Experience Center in Mumbai

The Wellness Center promotes healthy conscious living and encourages customers to interact with trained consultants on various aspects of health, lifestyle and well-being.The Fabindia Experience Center also offers an Interior Design Studio (IDS) a one-stop design solution to help create memorable spaces.

This is Fabindia’s second Experience Center in Mumbai and tenth in the country.