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Punjab National Bank invites bids for two dozen NPA accounts to recover Rs 1,179 crore

Punjab National Bank invites bids for two dozen NPA accounts to recover Rs 1,179 crore

Finance
Public sector lender Punjab National Bank (PNB) has put up for sale two dozen non-performing assets to recover dues of over Rs 1,779 crore. These 24 dud loan accounts are majorly concentrated in Mumbai, Delhi and Kolkata zones of the bank. Two accounts belong to Chandigarh and Bhopal zones while one is of Patna zone, as per the sale notice on its website. "We intend to place these accounts for sale to ARCs/NBFCs/other banks/FIs etc on the terms and conditions stipulated in the banks policy, in line with the regulatory guidelines," PNB said. The bank has to make recovery of Rs 1,779.18 crore from these 24 non-performing assets (NPAs). Among the major borrowers are Vandana Vidyut with an outstanding amount of Rs 454.02 crore, Moser Baer Solar (Rs 233.06 crore), Divine Vidyut (Rs 132.66 crore...
These two accounts will ramp up your tax-free income in retirement

These two accounts will ramp up your tax-free income in retirement

Finance
Shave down your tax bill in the future by funding these two savings accounts in the present. Employees are likely familiar with the traditional 401(k), an account that allows you to put away pretax dollars and have them grow on a tax-deferred basis. Once you begin drawing down income in retirement, you will pay taxes on your withdrawals. But not all retirement accounts are the same More from Fixed Income Strategies:Investors avoid emerging markets due to currency volatilityWhat to do with an ...
Facebook pulls Iran accounts trying to influence UK politics

Facebook pulls Iran accounts trying to influence UK politics

Technology
Facebook has removed dozens of accounts linked to Iran for spreading disinformation to more than a million followers in the UK and US. Around 82 pages, including groups and accounts, were deleted after posting about topics such as race relations and immigration in a pattern of "coordinated inauthentic behaviour," the social media giant said.It comes after the social network removed hundreds of pages, groups and profiles linked to Iran which posed as news organisations or activists in the English-speaking world in August.:: Facebook hires Nick Clegg as head of global affairs Some posts targeted Prime Minister Theresa May and Labour leader Jeremy Corbyn, while others attacked US President Donald Trump.Facebook, which has more than two billion users, detected the suspiciou...
Facebook finds more fake accounts from Iran

Facebook finds more fake accounts from Iran

Technology
Facebook has uncovered and removed dozens of pages, accounts and groups linked to Iran that the firm says coordinated "inauthentic behaviour", targeting people in the US and UK.The affected posts focused on divisive topics such as race relations, opposition to President Donald Trump and immigration, it said.The social network revealed that it uncovered the activity a week ago."We can't say for sure who is responsible," it said in a blog post.It added that it had so far found no ties to the Iranian government but that its investigation was ongoing.The company said it had identified 82 pages, groups and accounts that were coordinating inauthentic behaviour on Facebook and Instagram in violation of the platform's policies.Only two advertisements were connect...
Facebook security breach: Up to 50m accounts attacked

Facebook security breach: Up to 50m accounts attacked

Technology
Facebook says almost 50 million of its users were left exposed by a security flaw. The company said attackers were able to exploit a vulnerability in a feature known as “View As” to gain control of people's accounts. The breach was discovered on Tuesday, Facebook said, and it has informed police. Users that had potentially been affected were prompted to re-log-in on Friday. Tech Tent: Facebook's family feud Facebook hate speech glitch investigated by firm The flaw has been fixed, wrote the firm’s vice-president of product management, Guy Rosen, adding all affected accounts had been reset, as well as another 40 million "as a precautionary step".Facebook - which saw its share price drop more than 3% on Friday - has more than two billion a...