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RBI banned Paytm Payments Bank, TCS' policy, FASTag KYC deadline extended and more tech news of the week

| TIMESOFINDIA.COM | Last updated on - Feb 5, 2024, 14:22 IST

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RBI banned Paytm Payments Bank, here’s what will work and what won’t

In a significant move, India's central bank, the Reserve Bank of India (RBI), has imposed restrictions on fintech giant Paytm, prohibiting it from providing any forms of banking services to its customers. The RBI cited "non-compliance and ongoing material supervisory concerns" at One 97 Communications, the parent company of Paytm, as the reasons behind this decision.

This new restriction imposed by the RBI could result in the disruption of several services offered by the Paytm platform. It is important to note the services that will remain functional and those that will be affected by this decision:

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2/11

TCS 'sets condition' for promotions and salary hikes

In a strategic move, Tata Consultancy Services has connected salary increments and variable payouts to adherence to its recently implemented return-to-office policy. As India's largest IT services organization, TCS had previously made a 5-day return to the office mandatory for specific teams towards the end of last year. Now, unit heads have been instructed to communicate to their respective teams that grade assignments, a crucial prerequisite for promotions, will be influenced by their documented history of working from the office. This decision underscores TCS's commitment to fostering a collaborative and productive work environment.
Read more here

3/11

Facebook founder Mark Zuckerberg said age verification not its responsibility, ‘points finger’ at Apple and Google

During a congressional online safety hearing before the US Senate, Mark Zuckerberg, the founder and CEO of Meta, the parent company of Facebook, joined other executives facing intense scrutiny. Zuckerberg expressed his belief that app store providers, such as Apple and Google, should take responsibility for managing parental consent systems for children's use of social media platforms like Facebook and Instagram, rather than placing the burden solely on businesses like his.
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4/11

FASTag KYC deadline extended: New date, other details

In order to ensure seamless toll collection at toll plazas and prevent the misuse of FASTags, the National Highways Authority of India (NHAI) has implemented the "One Vehicle, One FASTag" initiative. To facilitate this, users were required to complete their Know Your Customer (KYC) process by January 31. Failure to do so would result in the deactivation of their FASTag.

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5/11

Byju's founders to investors: You have no right to sack us

On February 2nd, edtech giant Think and Learn Pvt Ltd, better known as Byju's, clarified that investors have limited influence over CEO or management changes due to the shareholder's agreement, despite calls for an Extraordinary General Meeting (EGM) by investors. The aim of the EGM is to discuss critical issues within the company and potentially remove the founders' control.

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6/11

Google brings Passkeys on Pixel phones

In pursuit of a password-less future, Google has introduced passkeys on Pixel smartphones, following their implementation on some of its services. This innovative approach offers a more secure and user-friendly alternative to conventional passwords. By adopting passkeys, Google aims to elevate the level of security and safeguard user privacy.

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7/11

Reliance Jio rolled out AirFiber booster plans of Rs 101 and Rs 251

To enhance the offerings for existing AirFiber and AirFiber Max users, the company has introduced two new booster plans: a Rs 101 plan and a Rs 251 plan.

The Rs 101 booster plan provides AirFiber users with 100 GB of high-speed data. On the other hand, the Rs 251 booster plan offers a substantial 500 GB of data.

Notably, both plans are available to all AirFiber users, including Plus members, extending the benefits to a wider audience.
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8/11

India’s UPI launched in France, read PM Modi’s congratulatory message

India's Unified Payments Interface (UPI) service has been officially launched at the renowned Eiffel Tower in Paris, France. Prime Minister Narendra Modi celebrated this milestone by congratulating France on the formal inauguration of UPI at the iconic landmark. Taking to social media platform X, Modi expressed his appreciation, stating that this move serves as an exemplary showcase of promoting digital payments and fostering stronger ties between the two nations.

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9/11

iPhone going up, iPad numbers down as Apple posts record revenues

Apple announced its first fiscal quarter of 2024 results, posting record revenue of $119.6 billion, a 2% increase year-over-year. The numbers from the iPhone were impressive whereas the iPad was predictably down.

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10/11

Vivo Y27, Vivo T2 received price cut in India

If you are planning to purchase a new Vivo smartphone, then this may be the right time to do so. The Chinese smartphone maker has slashed the price of its affordable Vivo Y27 and mid-range Vivo T2 smartphones.

Click here to read the full article

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