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Fintech Jiko buys a bank and ready to offer Debit card

Jiko, a fintech startup offering an account where all customer deposits are turned into Treasury bills, has received the regulatory all-clear to buy a bank. The fintech was founded in 2016 by Stephane Lintner, a former Goldman Sachs trader. In 2017, Lintner and his 23-person team set up an office in San Francisco and a development center in Iceland, where Jiko started developing its own technology. ...

BSNL to retrench 20,000 contract workers further

The union in a letter to BSNL Chairman and Managing Director P K Purwar said the financial condition of the company has deteriorated after implementation of voluntary retirement scheme (VRS) and the faults in the networks have increased due to shortage of manpower in various cities....

Massive ransomware attack on Paytm Mall

Paytm group suffers a massive data breach - paytm mall hacked and ransom demanded, the cybercrime group demanded ransom after gaining unrestricted access to the entire databases of Paytm Mall, although the e-commerce platform denied the claims....

Reliance retail to acquire business of the Future Group

Reliance Retail Ventures Limited (RRVL), subsidiary of Reliance Industries Limited, today announced that it is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration...

Apple rejects its attempt to tell users about its app store fees: Facebook

Facebook told the press that Apple Inc rejected its attempt to tell users that the iPhone maker would take a 30% cut of sales in a new online events feature, forcing Facebook to remove the message to get the tool to users....

Fitbit debuts its Sense, Versa 3 and Inspire 2 fitness wearable

Fitbit has introduced an advanced smartwatch, the Fitbit Sense, which comes with electrodermal activity (EDA) to measure daily stress and comes with a heart rate tracker, electrocardiogram (ECG) monitor and skin temperature sensors. ...

5000 campus graduates hired by DXC Technology in India

As per the company, this year DXC Technology has roped in 5000 campus graduates and half of them are women. The company also said that it has plans to increase the number of graduates next year with the aim to ensure the right representation and talent pool required to serve customers....

CSS Corp Wins Silver Stevie® Award for Its COVID Response

CSS Corp, a new-age IT services and technology support company, today announced that it has won the Silver Stevie® Award in the ‘Most Valuable Employer – Asia Pacific’,...

Wildcraft collaborates with IBM to drive higher customer advocacy

IBM (NYSE: IBM) announced that Wildcraft India Pvt. Ltd, India’s foremost company in the manufacturing and distribution of head-to-toe products for trek-to-travel solutions, has selected IBM to implement a Customer Relationship Management (CRM) as-a-service-platform to drive customer advocacy and enhance customer experience....

Content to remove from Twitter rose to 55% in late 2019: Twitter

India came fifth among countries that requested social media site Twitter to remove content that violated local laws. The government made 782 legal demands for content takedown in the in the July-December 2019 period and it is up by about 55% from the previous period. Twitter reported it complied with around 36% of those requests. ...