Bus and subway use in New York and other cities plunged during the height of the pandemic. The MTA lost more than 90% of its subway ridership, which along with reduced revenue at its other properties has created a fiscal hole that will take years to fill, officials have said. Ridership has slowly increased but […]
Previously, an iPhone user wearing a mask would have to wait a few seconds as face recognition software tried to identify them before they eventually could enter a passcode. In response to the pandemic, Apple’s iOS 13.5, released in May, automatically presents the passcode field after a user swipes up from the bottom of the […]
New York’s mass transit agency wants Apple to come up with a better way for iPhone users to unlock their phones without taking off their masks, as it seeks to guard against the spread of the coronavirus in buses and subways. In a letter to CEO Tim Cook obtained by The Associated Press, Metropolitan Transportation […]
Apple iPhone sales in China may take a major hit if Apple is forced to remove WeChat from the App Store according to analyst Ming-Chi Kuo. US President Donald Trump has signed an executive order banning US companies from doing business with WeChat. This could mean that Apple may have to remove WeChat from the […]
The cases have been registered on complaints from the State Bank of India (SBI). In the first FIR, the bank has alleged a wrongful loss of ₹87.49 crore. It names Chem Edge International Private Limited, Bharatbhai Shah, Fenil Bhratbhai Shah, Ardor Overseas Private Limited, Ardor Structures Private Limited and others as accused.
PWC’s first draft report for Kotak said the bank had “all reason” to believe that receivable Rs 449 crore from 15 parties were “fictitious” as these parties had common addresses, were created on the same day, and were not found at mentioned address during physical visit.
The regulator named KV Kamath as the head of the Expert Panel for loan restructuring last week, along with 4 other members who will submit their recommendations on sector-specific parameters and other considerations within 30 days. The committee is also tasked with reviewing all large resolution plans involving a debt of over Rs 1,500 crores.
The party begins at 5 p.m. Pacific on August 11 on Twitch, Twitter and the newly launched Woz bday website. According to a teaser on the site, attendees will be treated to an unforgettable night of music, entertainment, stories and heartfelt expressions of love, “for an extraordinary man who has dedicated his life to making […]
One of the top private banks was flirting with cash-rich private equity funds for several months to gain some confidence capital. In the end, the PE funds gave it a pass. What happened? Market grapevine has it that the CEO lost patience with the hard bargaining by the investors. The bank is still hopeful of […]
“Had it not been for Northern Rock, and the queues and panic you could see, I often wonder if 12 months later Gordon Brown and I would have been so confident that we had to intervene and stop the rest of the banking system collapsing at all costs,” remembers Darling.