Standard Chartered’s private equity unit has investments worth about $3.5 billion, of which $1.2 billion is from the bank’s own book. Photo: Reuters New Delhi/Hong Kong: Standard Chartered is close to selling its real estate principal finance unit to private equity firm Actis, people with knowledge of the matter said, following the bank’s decision last year to exit the loss-making business. Read More

New York: Ever got irritated when Facebook asked you to re-think a password for your account even if you typed in the one you have been using for years? That`s because the social networking platform wants your account safe. According to Facebook`s Chief Security Officer Alex Stamos, the company buys passwords that hackers are selling in the black market and Read More

New York: Technology giant is officially selling refurbished unlocked iPhones in its online store at prices discounted by up to 15 percent off compared to new models. According to a report in technology website The Verge, a listed refurbished rose gold 64GB iPhone 6S Plus is on sale for $589 and a silver 16GB iPhone 6S Plus is $529. Just Read More

13:19  IAF has sent communication to kin of the missing personnel saying that the Court of Inquiry has recommended presumption of death, TV reports say. 13:10  Fire breaks out at Hiranandani Tower in Kandivali, Mumbai. More details awaited. 13:08  Second-hand car may be used for terror act in Pune: Cops: DNA reports: The Pune police have issued an order stating that there is Read More

Network Rail’s hiring of KPMG to market its substations to global investors marks start of privatisation, says RMT’s Mick Cash A train leaves London King’s Cross station. Only the NHS procures more electricity than Network Rail in the UK. Photograph: Frank Baron for the Guardian Rail campaigners have denounced moves to potentially sell off Network Rail’s power assets as the Read More