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RBI rebuts social media rumours on closure of 9 banks

MUMBAI: Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut. Finance secretary Rajiv Kumar discribed such social media messages as “mischievous” saying the government was in process of strengthening public sector banks by infusing capital in them. “Reports appearing in some sections of social media about the RBI closing

First Amendment group asks Alexandria Ocasio-Cortez to unblock critics on Twitter

The Knight First Amendment Institute, which has led a legal fight against Trump for blocking critics on Twitter, has officially asked Rep. Alexandria Ocasio-Cortez (D-NY) to stop similar practices. The institute sent a letter to Ocasio-Cortez’s office late yesterday, urging her to unblock anybody who was targeted “because of the viewpoints they have expressed,” while also acknowledging

THE FUTURE OF NETWORKS DEPENDS ON HYPERSCALERS AND BIG CLOUDS

If you want for the rapid pace of innovation in datacenter networking to continue, then you had better hope that the hyperscalers and major public cloud builders don’t run out of money. That is because it is their collective appetite for bandwidth is paying for the network ASIC, switch, and transceiver makers to push the

Banks go slow on lending to auto dealers

MUMBAI: Several banks have expressed concern over a build-up of stress in their loans to automobile dealers and may tread cautiously, even slowing down on disbursements as the auto industry grapples with its worst sales slowdown in over a decade. Banking industry experts estimate the total outstanding loans to automobile dealers to be in the range of

Cisco betting big on WiFi 6, 5G, multicloud and other networking tech

KOCHI: US-based network and connectivity major Cisco on Tuesday said that it is betting big on five components of technologies which include intent-based networking, multicloud, WiFi 6, 5Gand security. “Technologies like WiFi 6 are going to play an important role as VoWiFi(voice-over-WiFi) proliferates,” said Anand Bhaskar, MD, service provider sales, Cisco India & SAARC. He added that while WiFi 6 will