Top Headlines: Banking revolution on cards: RBI clears 11 payments banks

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Daily Newsletter | Thursday, August 20, 2015

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Banking revolution on cards: RBI clears 11 payments banks

The Reserve Bank of India on Wednesday 'in principle' cleared 11 entities – including department of posts, top conglomerates such as Reliance Industries and Aditya Birla Group, telecom giants like Airtel and Vodafone, and a number of tech and finance companies – to set up 'payments banks'.

Suspended Gujarat IPS Sanjiv Bhatt sacked

The services of Sanjiv Bhatt were terminated after investigations in an old case related to his posting in Junagadh, according to TV reports.

FTII row: No ground for custody, rules court

A magisterial court on Wednesday ordered the release of five students of the Film and Television Institute of India (FTII) on bail against personal release bonds of Rs 3,000 each.

CITIES

Kochi, T'puram top rash driving & road rage cases

Two major cities in Kerala - Kochi and Thiruvananthapuram - have reported maximum number of "rash driving/ road rage" cases leaving 22,300 injured while Chennai and Delhi have registered third and fourth highest number of such cases.

Delhi teen jumps on tracks to save dog, run over

Even the certainty of a painful death did not deter him from doing his best to save his pet's life.

15 dogs shot in Kovalam beach, panchayat prez booked

It was a regular morning stroll for R Mohan and his family at Kovalam beach, about 30km from here, on Wednesday, with the family's pet Kokki frolicked ahead. Moments later, a gunshot rang out and the mongrel fell down dead.

TECH

Android 6.0 Marshmallow: 10 new features

After months of waiting, Google has finally announced that the next version of its mobile OS Android will be called Marshmallow.

HTC One ME review: Good enough, but not the best

Read our HTC One ME review to find out if the almost-flagship has what it takes to create a distinct identity for itself and capture the limelight from Samsung Galaxy S6 among buyers.

10 best smartphones launched recently in India

Looking for a new smartphone? Then your search is over, as we bring to you the 10 hottest smartphones launched in the country in the past couple of months

SPORTS

We have it in us to bounce back in series: Virat Kohli

Virat Kohli says his team is well-equipped to bounce back against Sri Lanka and the players are "hungry and keen to perform" in the second Test.

ICC lifts spot-fixing ban on Salman Butt and Asif

The ICC confirmed that the sanctions against Mohd Asif and Salman Butt will expire at midnight on Sept 1 and that they will be eligible to return to competitive cricket.

Qualifying for Rio tough, winning a medal tougher: Mary Kom

Gearing up to make the Olympic cut for a second successive time, M C Mary Kom said it would be no walk in the park to fetch a medal even if she qualifies for next year's Games in Rio de Janeiro.

BUSINESS

Urban consumption shows signs of revival

Urban consumption growth appears to be showing signs of improvement, with the fastest-growing segments for the top 200 cities being multiplexes, retail apparel and quick-service restaurants.

Tatas' PE arm boards Uber with $100m tab

Tata Group's private equity arm Tata Opportunities Fund has invested $80-100 million in taxi-hailing app Uber as part of its new financing round, which has reportedly valued the San Francisco-based company at just over $50 billion.