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FPL Technologies valuation rises to $750 million

FPL Technologies has raised $75 million as a part of its fresh Series C fundraises at a post-money valuation of $750 million. The company operates credit score platform OneScore and issues credit cards OneCard. The round was led by existing investors...

Govt to soon become a shareholder in Vodafone Idea and Tata Teleservices

The government is set to own 35.8 percent in Vodafone Idea and 9.5 percent in Tata Teleservices after the two telecom operators decided to offer equity stake against their dues related to spectrum auction installments and AGR payments....

Illegal Gujarat Phone Exchange resulted in ₹ 4 Crore loss to Government

An illegal telephone exchange busted in Navrangpura in Gujarat's Ahmedabad city a month ago caused a loss of ₹ 4 crore to the government as 43 lakh international calls were illegally converted into local ones using the Session Initiation Protocol (SIP), Crime Branch officials said....

Amidst the glooming crypto market, Alien Shiba Inu turns Rs 1 lakh to Rs 26 lakh plus in a day

A new crypto coin that plays on the popularity of Shiba Inu, skyrocketed to new highs, amidst a fall in the market. Alien Shiba Inu or ASHIB is the new talk of the town after the crypto coin saw a wave of interest boost its price to over 26 times its previous value. In numbers, this means that an investment of Rs 1 lakh in Alien Shiba Inu on Saturday would have given users a return of over Rs 26 lakh by Sunday noon....

Proofpoint acquires Dathena

Proofpoint has acquired Singapore-based data security startup Dathena to boost its data loss prevention capabilities amid the rapid growth of ransomware attacks and will enable organisations to better understand information risk through the use of AI....

PayPal confirms working on launching its own stablecoin

Jose Fernandez da Ponte, SVP of crypto and digital currencies at PayPal, has confirmed that the online payment provider is exploring a stablecoin. He also said that the company will work closely with relevant regulators “if and when it seeks to move forward.” ...

ED links assets in Rs 1200 crore Morris Coin cryptocurrency cheating case

Enforcement Directorate (ED) has attached assets worth Rs 36.72 crore of K Nishad, the main accused in the fake Morris Coin crypto currency case. The agency had found that shell companies floated by Nishad and his associates had siphoned off Rs 1,200 crore from 900-odd investors in various states, mainly in Kerala, under the pretext of initial coin offering (ICO) of the non-existent cryptocurrency....

Raspberry Pi is trained to detect malware attack using EM waves

The Raspberry Pi Malware Detection system relies on electromagnetic waves emerging from the potential victim's computer to detect malicious activity. Researchers claim the system achieved accuracy as high as 99.82% during testing....

Eaton acquires Royal Power Solutions

Eaton has acquired electrical and power component company Royal Power Solutions for $600 million. Royal Power Solutions is a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets....

Urjit Patel appointed as the VP of AIIB

Former Reserve Bank of India Governor (RBI) Urjit Patel has been appointed the Vice President of the Beijing-based Asian Infrastructure Investment Bank (AIIB). India is a founding member of AIIB with the second highest voting share after China headed by former Chinese Vice Minister for finance Jin Liqun....