India's defence research organization launches performance enhancing drug for high-altitude areas

Google Wallet launched for consumers in New York and San Francisco area
Google launched its mobile payment platform Google Wallet, allowing consumers in New York and San Francisco pay for store purchases using their smart phones. Google Wallet started trial operations in May, with a system that lets shoppers store money on phones and pay at checkout. Google's payment system competes with payment systems of some of the top US banks and mobile phone companies and uses near-field communication (NFC) technology, used widely in Asia.

Google Wallet is supported by Citigroup, MasterCard, Sprint Nextel Corp and First Data. It will be available for holders of Visa, Amer

India’s Reliance and Siemens join hands for homeland security solutions business
Reliance Security Solutions Limited, a subsidiary of Reliance Industries Ltd., (RIL) and Siemens Ltd. have signed a Memorandum of Understanding to jointly develop homeland security solutions for safe, secure and smart cities and highways in India.

The Indian security market is expected to be one of the largest growing markets in the world over the next decade and this initiative will result in India joining a select set of advanced nations which are beginning to use 4G wireless networks for law enforcement purposes.
The role of Surveillance and Security has assumed a greater level of impo

Modification in PPF Scheme : Deposit Limit Raised from Rs. 70,000 to Rs. One Lac while Rate of Interest on Advances Against Deposits in PPF Scheme Raised from 1% to 2 Percentage Points
The Committee on Comprehensive Review of National Small Savings Fund (NSSF) headed by Deputy Governor, RBI has recommended revision of certain provisions of PPF Scheme, 1968 and benchmarking of interest rates on various small savings schemes with the secondary market yields on Central Government securities of comparable maturities with suitable spread.

The Committee has recommended increasing the deposit limit under PPF Scheme from existing Rs. 70,000 to Rs. 1 lakh per annum and fixing of rate of interest on advances against deposits in PPF scheme at 2 percentage points as against the prev

RBI directs bank not to recover pre-payment charges on floating rate loans
Prepaying housing loan gets a lot more easier as the Reserve Bank of India (RBI) has directed banks not to recover pre-payment charges in floating rate loans. Banks must not recover pre-payment charges in floating rate loans. Banks may also offer long-term fixed rate housing loans to their customers and address their asset liability mismatch (ALM) issues by recourse to the Interest Rate Swaps (IRS) market. Floating rate loans pass on the interest rate risk from banks which are much better placed to manage it to borrowers and, thus, banks only substitute interest rate risk with potential credi

Max New York Life launches igenius scholarship 2nd edition
The igenius scholarship programme involves a robust multiple-level evaluation process that has been conceptualised in association with Derek O’Brien.

Future Generali launches Wealth Protect
Future Generali India Life Insurance Company, said on Monday that it has launched a flexible Unit Linked Insurance Plan that offers protection as well as the opportunity to create wealth.