Applications
Mircosoft opens research center in Bangalore
BANGALORE: Global Software giant Microsoft opened it’s research center in Bangalore for conducting long-term basic and applied research in the area of computer science and software engineering.
At the Inauguration function, union minister of state for science, technology and ocean development Kapil Sibal garced the occassion.
MSRI will begin research in multilingual systems, technologies for emerging markets, geographic information systems and sensor networks.
An MOU has been signed with the government of India for partnering in science and technology research projects. During the first year around two dozen scientists, support staff and interns will be employed full time.
Microsoft already has research facilities in two other countries- UK and China, besides the US.
Applications
JioFinance rolls out multi-bank fixed deposit platform
Users can compare, invest and track fixed deposits across issuers in one place
MUMBAI: The JioFinance app has launched a unified platform allowing users to compare, invest in and track fixed deposits offered by multiple banks and non-banking financial companies, sharpening its push to become a one-stop destination for digital financial services.
The new feature aggregates fixed deposits from a range of issuers, including small finance banks and NBFCs, enabling customers to filter options by interest rate and tenure and complete the entire investment journey digitally.
Interest rates on the platform go up to 8.15 per cent per annum, with users able to view tenure, tax treatment, lock-in conditions and premature withdrawal terms before investing. Once booked, deposits can be monitored through a consolidated dashboard that tracks returns, maturity dates and renewal reminders.
Jio Finance Platform and Service Limited chief executive officer Surbhe S Sharma, said the offering addresses a long-standing pain point for savers, who often struggle to compare issuers and manage deposits spread across institutions.
Fixed deposits remain one of India’s most popular savings products, and the company is betting that transparency and ease of use will draw users seeking stable, low-risk returns.
The FD marketplace on the JioFinance app is powered by Blostem Fintech Private Limited, which operates as a business correspondent and technical service provider to partner banks and NBFCs.
