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Wipro acquires minority stake in Kibsi
IT company Wipro has bought a minority stake of less than 20% on a fully diluted basis in US-based Kibsi for $1.5 million. With this minority strategic investment, the company aims for a business partnership in the domain of computer vision applications. ...
CBI arrests ex-ICICI Bank CEO and husband over Videocon Loan Fraud Case
The Central Bureau of Investigation has arrested former ICICI bank CEO Chanda Kochhar and her husband Deepak Kochhar for allegedly being involved in a fraud case related to loans given to Videocon Group....
Govt exposes 3 YouTube Channels spreading misinformation
The Government of India’s Press Information Bureau (PIB) Fact Check division has uncovered three YouTube channels spreading misinformation on the platform. These channels had a combined subscriber base of nearly 330,000 and over 300 million views. ...
Xiaomi to cut down 15% of jobs
According to media reports, Xiaomi has started laying off employees in its smartphone and internet services business. More than 900 employees have already been impacted by the layoffs that are taking place amid renewed Covid-19 outbreaks in the country....
RBI data exposes top 50 wilful defaulters owing banks Rs 92,570 crore
As per the data from the Reserve Bank of India (RBI), the top 50 wilful defaulters in India owed banks as much as Rs 92,570 crore as of March 2022. In which Gitanjali Gems, set up by Mehul Choksi, have emerged as the biggest such defaulter....
ED attaches Rs 907 Cr crypto exchange assets under PMLA
The Enforcement Directorate (ED) has attached proceeds of crime worth Rs 907 crore and arrested three persons in cases related to money laundering by crypto exchanges. Recovery of Rs 110.97 crore, including interest and penalty, has been made....
PM Modi meets Sundar Pichai
Prime Minister Narendra Modi had a meeting with Google and Alphabet CEO Sundar Pichai to discuss innovation, technology and more issues with him. Following their interaction, the Alphabet CEO expressed his thanks to the prime minister for the great meeting with him....
Google Chrome introduces price drop notifying feature
Google has announced that Chrome will now give price drop notifications for products to users. Users need not refresh the page every day to see the price of any product. This feature is available on desktops and Android devices in the US and can be turned on by selecting ‘track price’ in the Chrome address bar....
Google updates its Security with Client-Side Encryption
Google has announced that its client-side encryption for Gmail is in beta for Workspace and education customers as part of its efforts to secure emails sent using the web version of the platform....
A new scam 'Hi Mum' targeting WhatsApp users for money
In a recent scam fraudsters are targeting victims on WhatsApp text. This scam is called 'Hi Mum' or "family impersonation". Imposing close friends or family members, they contact the family members and tell them that they need help as they have lost or damaged their phone, and are trying...