Business


Who's to blame for ransomware attack?

Once the computer's data have been locked down by the ransomware, a message would appear saying that the users' files are no longer accessible unless they pay a large sum of Bitcoin, a digital currency that ensures the transactions can not be traced back.



Oil on longest rising streak in more than a month

An extended production-cut deal is seen as supportive for crude prices by limiting supply. This extended agreement by Saudi Arabia and Russian Federation helped oil prices to get a hike in the market on Monday. Kuwait, a Gulf producer usually aligned with the Saudi Opec view, said on Tuesday it supported the proposal. Their regimes have been forced to adapt to today's market environment, but that transition has been an exceedingly painful one, coming after years of $100+ per barrel oil.


Bank lobby attacks govt on levy secrecy rules

Bank lobby attacks govt on levy secrecy rules

Finance Minister Mathias Cormann also has dismissed the claim. "We stand by the estimates that are published in the budget papers", he told Sky News. He urged the big five to prove they were not the "big bad" banks Australians thought they were, repeating his call for them to pledge not to pass the levy on to consumers.


HUDCO shares surge 29 % on trading debut

HUDCO shares surge 29 % on trading debut

The Rs 1,224 crore initial public offering (IPO), which was sold in the Rs 56-60 price band, saw almost 80 times subscription between May 8 and May 11. The balance 31% goes to housing finance. Meanwhile, Hudco is going to play a major role in Prime Minister Narendra Modi's Pradhan Mantri Awas Yojana scheme, which aims to provide subsidised housing loans to middle and income group, analysts say.