Tech Mahindra Sees Stable Growth Market In Bangladesh

Tech Mahindra is eyeing opportunities in neighbouring Bangladesh, as India's fifth-largest IT services exporter considers it a politically stable and growing economy. The $4.9 billion IT services firm receives more than 5% of its overall business from India currently, and is looking to create more…

Bangladesh Bank cybertheft leaves Philippine authorities rattled

The whopping $81 million loss by Bangladesh's central bank in one of history's biggest cyber heists has left the Philippines -- where the money wound up -- scrambling to save face. The Southeast Asian nation's biggest and first cross-border money laundering scandal…

Bangladesh Bank purged after cyber heist

Atiur Rahman, Bangladesh's central bank governor who resigned in disgrace on Tuesday, reputedly never took a holiday and once dreamed of completely digitizing his country's banking system. Rahman stepped down after failing to reveal that $81 million had been electronically siphoned to…