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By:  FE Bureau  |   Published: July 28, 2017 6:45 AM Axis Bank on Thursday said it had acquired payments wallet FreeCharge in an all-cash deal for Rs 385 crore. The purchase will help the lender enhance its digital banking services and tap into a larger customer pool. “The whole purpose is to leverage the agile innovate culture of a start-up and combine it with the trust factor of a bank. It can be best achieved by having an independent entity,” Axis Bank MD and CEO Shikha Sharma said. Sharma added that the acquisition was a strategic fit for the bank and would help create an agile technology platform to service digital customers. “The challenge is to leverage the strength of the two organisations to do something which is uniquely different and unique in the market place,” she said. Jairam Sridharan, chief financial officer, Axis Bank, said the acquisition would help augment the bank’s digital capability and execution capacity. “You will see an instant doubli...

Times of India  Pankaj Doval |  TNN  |  Jul 28, 2017 Several broadband connections of state-run  MTNL  have been impacted in the national capital after a malware attack. The issue, which company officials claim is "under control now", impacted services at many households with malfunctioning of the broadband services. The impact on enterprise connections is still not clear, though sources say that operations were also impacted there. A top official at MTNL said that the company had noticed the issue since Thursday. "We have been taking action to sort out the matter, and are confident that the issue will be rectified very soon," the official, who requested anonymity, said. The financially-strapped telco, which is struggling to stay afloat, said that it is adopting a variety of measures to tackle the issue. "The modem has to be re-configurated to manage the problem." For subscribers who are calling its helpline, the company is providin...

India Today | Ananth Krishnan  Beijing, July 28, 2017  The latest warning came from PLA Navy Senior Captain Zhang Ye, who is a research fellow of the PLA Naval Research Institute and a prominent strategist. Even as National Security Adviser Ajit Doval holds key talks with the Chinese leadership, a prominent strategist of a People's Liberation Army think-tank has warned that India's "trespass" into the Doklam region would set the precedent for "a third party's" intervention in Jammu & Kashmir. While Chinese State media have made similar arguments in recent weeks amid the on-going stand-off, the latest warning came from PLA Navy Senior Captain Zhang Ye, who is a research fellow of the PLA Naval Research Institute and a prominent strategist. It coincided with the second day of Doval's visit, when he will attend on Friday morning a BRICS NSA's meet and later meet with President Xi Jinping. Doval and his counterpart Yang Jiechi...

Indian Express,   Jay Mazoomdaar  | New Delhi |   Published: July 29, 2017 The documents showed that two of the offshore firms linked to the Sharifs - Nescol Ltd and Nielson Holdings Ltd — were incorporated in the BVI in 1993 and 1994, respectively, and were held by one bearer share each. THE PANAMA Papers investigation, which led to the resignation of Pakistan Prime Minister Nawaz Sharif Friday, had revealed over 15 months ago that three out of four offshore companies set up by his children in the British Virgin Islands owned at least six upscale properties overlooking London’s Hyde Park. On April 4, 2016, The Indian Express reported these findings as a member of the International Consortium of Investigative Journalists, which investigated thousands of documents maintained by Panamanian law firm Mossack Fonseca (MF) linking political leaders, businessmen and celebrities to offshore firms that operated under the tax radar. While Nawaz Sharif was not nam...

Indian Express   Shubhajit Roy  ,  Apurva  | New Delhi/beijing |  July 29, 2017 Possibility of visits by Foreign Secretary S Jaishankar and senior officials, including Joint Secretary (East Asia) Pranay Verma, to engage with Chinese interlocutors is being explored, sources said. On the day Chinese President Xi Jinping praised National Security Advisors of BRICS countries for their efforts in enhancing mutual trust and cooperation, National Security Advisor Ajit Doval said “vital” issues discussed at the meeting of the NSAs and its outcome will have an “impact” on the main summit in September. This exchange took place amid the standoff between Indian and Chinese troops at Doklam at the trijunction with Bhutan. While there was no official statement from the Ministry of External Affairs on Doval’s bilateral meeting with Chinese State Councillor Yang Jiechi that took place Thursday, some high-level contacts and official meetings are expected over the ne...

India Today, Washington, July 28, 2017 India has applied for the membership of the 48-member Nuclear Suppliers Group which controls the nuclear trade. Supporting India's membership bid to the Nuclear Suppliers Group, the Trump administration has urged all the members of the elite club to support New Delhi's long-pending application. India has applied for the membership of the 48-member Nuclear Suppliers Group (NSG) which controls the nuclear trade. "The United States welcomed India's application to join the NSG and it continues to re-affirm that India is ready for the membership. The United States has called on NSG members to support India's application," the Department of Defence and Department of State said in a joint report. In the report submitted to Congress as required under National Defence Authorisation Act (NDAA) 2017, the Trump administration also re-affirmed its support for India's membership in the Australia Group and Wass...

INDIA TODAY l  Kamaljit Kaur Sandhu |Posted by Ankit Misra  July 27, 2017 After working briefly for the ISIS and raising the al-Qaeda flags in the Kashmir Valley, Zakir Musa on Thursday formally announced the establishment of a new Kashmir-based terror group - Ansar Ghazwat-ul-Hind, an affiliate of the terror outfit al-Qaeda. Reference http://indiatoday.intoday.in/story/al-qaeda-kashmir-zakir-musa-isis-ansar-ghazwat-ul-hind-hizbul-mujahideen/1/1012894.html

Mail Today  | Posted by Ganesh Kumar Radha Udayakumar / New Delhi, July 27, 2017 Both the National Investigation Agency and Enforcement Directorate are separately investigating cases of terror funding and subversive  activities.   Reference http://indiatoday.intoday.in/story/national-investigation-agency-kashmir-terrorism-pakistan/1/1011967.html

TIMESOFINDIA.COM  |  Jul 28, 2017 Pakistan's supreme court on Friday found  Nawaz Sharif  guilty in the  Panama Papers case and unanimously disqualified him from holding public office in a unanimous verdict. Reference: http://timesofindia.indiatimes.com/world/pakistan/panama-papers-verdict-pakistan-pm-nawaz-sharif-found-guilty-disqualified-by-countrys-supreme-court/articleshow/59805290.cms?utm_source=toiiphoneapp&utm_medium=Whatsapp&utm_campaign=show