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FIR filed against Videocon's Venugopal Dhoot for cheating on SBI-led banks consortium

Videocon Group Chairman Venugopal Dhoot has been booked by the CBI for alleged corruption in the financing of their oil and gas assets in Mozambique in connivance with unidentified officials of a State Bank of India-led consortium. An FIR has been registered after a preliminary enquiry on a complaint from the Oil Ministry....

Over 100 New Chrome Browser Extensions Caught Spying

Google recently removed 106 more extensions from its Chrome Web Store after they were found illegally collecting sensitive user data as part of a “massive global surveillance campaign” targeting oil and gas, finance, and healthcare sectors....

Microsoft buys Cyberx to boost Internet security

Microsoft announced that it would be acquiring CyberX, a security startup based out of Herzliya-Israel based that focuses specifically on detecting, stopping, and predicting security breaches on internet of things networks and the networks of large industrial organizations. It also helps customers secure devices that are connected to the internet ,with an un-disclosed price tag of $165 million as per the sources....

Vision of automated driving is fading for BMW- Mercedes Benz

It is just after a year announcing to jointly-develop autonomous driving technology, the German brands have suspended their alliance. With the pause to the partnership to the self-driving car project, paused their partnership to jointly-develop autonomous driving technology, 6,000 employees lost their job....

Docs concerned for the use of Favipiravir for COVID in India

Favipiravir, an antiviral drug for the treatment of mild-to-moderate COVID-19 cases, was launched recently by Glenmark Pharmaceuticals. According to reports, the drug has been launched after it received approval from the Drug Controller General of India to manufacture and market the medicine....

Micromax hints to come up with new smartphones; likely to be priced under Rs 10,000

Amidst the ongoing Indo-China border tension and boycott Chinese goods campaign, people are in search of an alternative to the Chinese smartphone brands. And Micromax is a suitable player which fits people’s demand....

Apple may call a quit with Intel after 15 years

Apple is reportedly set to announce a break up with chip-maker Intel for its Mac desktops. According to reports, Apple has been working to replace Intel chips with its own design in Macs for years and may finally announce it during its online ‘WWDC20' developer conference. Apple's Mac chip design initiative is codenamed ‘Kalamata'. ...

MMRDA cancels tender of Mumbai monorail worth Rs 500 crore due to Chinese bidders

Mumbai Metropolitan Region Development Authority (MMRDA) has cancelled the bidding process for the design, manufacture, supply, testing and commissioning of 10 monorail rakes because both bids that it received were from China....

'Milk Mantra' gains ₹76 cr from US International DFC

Milk Mantra, an Odisha-based dairy food startup in India has gained a $10 million loan from US International Development Finance Corporation (DFC). Ajay Rao, Director of DFC’s Social Enterprise Finance Team, who led this transaction, said, “We have been very impressed by the Milk Mantra team and its efforts to build a socially responsible business that empowers smallholder farmers while strengthening food security.” ...

Glenmark brings relief with FabiFlu, priced @ Rs 103 a tablet

Glenmark developed active pharmaceutical ingredient and formulation for FabiFlu through in-house R&D; DCGI allowed fast track trials with Phase III in limited patients; approval process is also under Emergency Use Authorisation. The drug acts by getting into cells and inhibit the activity of viral replication to reduce the viral load....