Friday, January 29, 2010

Banks Pulled Up for Fine on Home Loan Pre Pay

NEW DELHI: Competition watchdog CCI has asked about two dozen banks and housing finance companies, including HDFC, ICICI Bank, and LICHF, to explain their imposing penalty on borrowers for pre-payment of home loans.

The commission, according to official sources, has sent notices to major home loan players after examining a report of director general (investigations) which found evidences against banks for misusing their dominant position and entering into anti-competitive agreements.

Sunday, January 24, 2010

Charity 2.0

The January 12 earthquake and humanitarian disaster in Haiti had an important technological component: Through the text message (SMS) giving program, the Red Cross raised $26 million in funds in just nine days. That's not just a large amount of money to be raised in a short time, it's an unprecedented level of participation. Was this a one-time outpouring of goodwill, or the beginning of a trend in global humanitarianism made possible by technology?

Tuesday, January 19, 2010

Meet Marko, the 9-year-old systems engineer

Marko Calasan, a 9-year-old from Macedonia, is more than just a kid who's into computers.

At age 6, he got his first systems administrator credential from Microsoft and, last month, he became perhaps the youngest Microsoft Certified Systems Engineer.

Wednesday, January 13, 2010

Indian Internet Users Vulnerable to Cyber Fraud

A survey of more than 5,000 active Internet users across 10 cities in India suggests that users are becoming increasingly concerned about online security. Ninety one percent of the respondent Internet users experienced some case of cyber fraud, such as phishing, key logging, identity theft and account takeover. Despite the exposure to cyber fraud, a majority of respondents were unaware of ways to combat it.

Tuesday, January 12, 2010

Social networking plagues India Inc

Companies See 12.5% Daily Productivity Loss, Says Survey
Chittaranjan Tembhekar | TNN

Mumbai: Social networking sites like Facebook are a veritable Aladdin’s cave offering bored employees a chance to try their luck at farming (Farmville), word games and following their friend’s recent trek to the Himalayas. With people Facebooking, twittering and chatting during office hours either on their computers or via the latest ‘app’ on their touch-screen cellphones, corporates across the country are losing the internet battle.


Sunday, January 10, 2010

Mercedes Benz told to pay Rs five lakh compensation

New Delhi: A consumer court has ticked off automobile manufacturer Mercedez Benz for delivering a "defective" car to a buyer and directed it to pay Rs five lakh as compensation to him.

"It is regrettable that such an automobile manufacturer has adopted a practice to sell their cars in India by issuing glorifying advertisements about the performance of their vehicle," the National Consumer Commission, comprising members Justice R K Batta and P D Shenoy, said.

The Commission made the observation while awarding a compensation of Rs five lakh to the consumer.

"The complainant had purchased this car to enjoy the feel of a new car of world standard. Persistent defects clearly show that the car was a defective piece which had to be sent constantly for repairs," the panel said.

Tuesday, January 5, 2010

Understanding Windows 7's 'GodMode'

Although its name suggests perhaps even grander capabilities, Windows enthusiasts are excited over the discovery of a hidden "GodMode" feature that lets users access all of the operating system's control panels from within a single folder.

By creating a new folder in Windows 7 and renaming it with a certain text string at the end, users are able to have a single place to do everything from changing the look of the mouse pointer to making a new hard-drive partition.