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08/05/2020

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23/04/2020

Apple Inc is planning to fix a flaw that a security firm said may have left more than half a billion iPhones vulnerable to hackers.

The bug, which also exists on iPads, was discovered by ZecOps, a San Francisco-based mobile security forensics company, while it was investigating a sophisticated cyberattack against a client that took place in late 2019. Zuk Avraham, ZecOps' chief executive, said he found evidence the vulnerability was exploited in at least six cybersecurity break-ins.

An Apple spokesman acknowledged that a vulnerability exists in Apple’s software for email on iPhones and iPads, known as the Mail app, and that the company had developed a fix, which will be rolled out in a forthcoming update on millions of devices it has sold globally.

Apple declined to comment on Avraham’s research, which was published on Wednesday, that suggests the flaw could be triggered from afar and that it had already been exploited by hackers against high-profile users.

Avraham said he found evidence that a malicious program was taking advantage of the vulnerability in Apple’s iOS mobile operating system as far back as January 2018. He could not determine who the hackers were and Reuters was unable to independently verify his claim.

To execute the hack, Avraham said victims would be sent an apparently blank email message through the Mail app forcing a crash and reset. The crash opened the door for hackers to steal other data on the device, such as photos and contact details.

ZecOps claims the vulnerability allowed hackers to remotely steal data off iPhones even if they were running recent versions of iOS. By itself, the flaw could have given access to whatever the Mail app had access to, including confidential messages.

23/04/2020

Kotak Mahindra Bank on Wednesday announced plans to sell up to 65 million fresh equity shares, which could fetch the bank ₹7,527 crore at the current market price.

In an exchange filing, the bank said its board has approved the plan to raise capital through a follow-on public offer or a qualified institutional placement or both. Shares of the private lender closed at ₹1,151 on the BSE, up 1.82%.

Two people familiar with Kotak Mahindra Bank’s plans, requesting anonymity, said that apart from reducing the promoter’s stake partially in line with the agreement with the Reserve Bank of India (RBI), the issue will help the lender build a war chest to combat potential liquidity risks during the covid-19 crisis and take advantage of expansion opportunities.

“The market for the bank’s stock is conducive now," said one of the two people, adding that six months later, it would be tough for any company to raise funds. “The overall equity market, due to the covid-19 crisis worldwide, is potentially headed for a downtrend."

23/04/2020

The Centre on Wednesday slashed the subsidy on non-urea fertilisers, a move that would reduce the burden on the exchequer to ₹22,186.55 crore in this fiscal amid the COVID-19 outbreak.

A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.

"The CCEA has given its approval for fixation of nutrient-based subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for 2020-21. The expected expenditure for release of subsidy on P&K fertilisers during 2020-21 will be ₹22,186.55 crore," Information and Broadcasting Minister Prakash Javadekar told the media after the meeting.

The subsidy for nitrogen has been reduced to ₹18.78 per kg, phosphorous at ₹14.88 per kg, potash at ₹10.11 per kg and sulphur at ₹2.37 per kg for the current financial year, the fertiliser ministry said in a statement.