News Bits: Credit Score on Mobile, Cyber Crime Costs, Green IT Spend, Rupee’s 2 yr low, Google Wallet goes live & more…


Very Soon Consumers will get their Credit Score on Mobile Via SMS

 Credit Information Bureau of India (Cibil) is carrying out a pilot along with different Banks & Vendors to study the feasibility of letting consumers know their Credit Score on demand via mobile. In recent times, Credit Score is becoming an important aspect in loan approval decision making – Higher the credit score, better the chances of consumer to get the loan. [Source]

Cyber Crime reportedly costs Indians Rs. 34,110 crore a year

According to recently released Norton Cyber Crime Report 2011, the cost of cyber crime suffered by Indians is around Rs 34,110 crore, annually. Nearly 2 out of 3 netizens have been victims of cyber crime worldwide resulting in annual losses globally over USD 388 billion! The only way one can be safe is by taking proper precautions themselves. [source]

Rupee Falls to 2 year low at Rs. 48.23 against the US dollar

We are fast approaching the Rs. 50 mark. Last 2 weeks have been nightmarish for Rupee which has fallen close to 10% against the dollar. Obviously, the exporters are jumping with joy due to this fact. According to the analysts – slide in the euro against the US dollar after ratings agency Standard & Poor’s slashed Italy’s rating put pressure on the rupee! I guess it is matter of time before Rupee breaches Rs. 50 mark against the dollar. [source]

India’s green IT & sustainability spends to double to USD 70 billion by 2015

According to report – Hype Cycle for Green IT and Sustainability in India, 2011 – released by Gartner, India’s spending on green IT and sustainability initiatives will double from $35 billion in 2010 to $70 billion in 2015. The report says that India’s ICT industry will be an early adopter of green IT and sustainability solutions as India is one of the fastest-growing markets in terms of IT hardware and communications infrastructure consumption.

Google Wallet Goes Live!

I truly believe that Google Wallet is the future of how we will be carrying out our transactions on daily basis. We are probably 2-3 years away from it as far as India goes, but in U.S the trend is already catching up with many vendors starting to accept Google Wallet payments. If you have not heard or learnt about Google Wallet – I suggest you have a look at this awesome video!

inMobi launches New SDK for Android & iOS

Armed with fresh funding of whooping USD 200 Million, inMobi seems to be in top gear. According to the blog post published on inMobi Blog, they have released major updates to their iOS and Android SDKs. Some of the major changes include support for new Expandable and Interstitial ad formats, Multiple Ads Display, controlling refresh rates & few others including some bug fixes as well!

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