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India was the third worst hit economies globally due to internet shutdown

Owing to internet shutdowns after crisis-hit countries Sudan and Iraq, India has been the third worst-hit economies in the world. A survey done by the UK-based tech research firm Top10VP has revealed that around 4,196 hours of internet blackouts in India cost the Indian economy close to $1.3 Bn in 2019....

PM Modi holds consultations with industrialists to discuss about the upcoming budget

The Modi government is going to announce the budget for 2020-21 to formulate and monitor policy metrics aimed at bringing about a quick change in the Indian economy....

Avnet Launches New IoT Partner Program at CES 2020

In a bid to accelerate IoT Adoption and Speed Time to Value and the new partner program gives developers a place to build and scale IoT solutions. A leading global technology solutions provider Avnet is launching a new Partner Program designed to provide developers with a place to build complete IoT solutions, enabling them to scale their business in a quick and cost-effective manner. Using Avnet's IoTConnect platform, powered by Microsoft's Azure IoT Suite, developers can seamlessly connect devices that address both the software and hardware needs of IoT solutions....

Snapchat buys AI Factory for $166M

After acquiring Ukraine startup Looksery in 2015, Snapchat has again acquired AI Factory to improve its video capabilities. The latter is a computer vision startup and Snapchat had worked with the company to create Snapchat’s new Cameos animated selfie-based video feature, for a price believed to be in the region of $166 million. ...

Future Retail board agrees to raise fund upto $500 million through dollar bonds

In a filing with stock exchanges, Future Retail said that its board has approved a fundraising plan to raise up to $500 million through dollar denominated bonds. ...

Active Network reports severe breach of school management software

Early this week, a severe security breach has been disclosed by a web-based school accounting software company, Active Network. Based out of US, it provides software for K-12 schools and districts. ...

RBI launches ‘MANI’ app for the differently-abled

With the aim to aid the differently-abled, the Reserve Bank of India (RBI) on Wednesday has launched a mobile app to identify currency notes....

Telcos need to submit fresh application for 5G trial in 10 days

As per news resource, a government official said that for 5G spectrum trials the telecom operators must submit fresh application in coming 10 days. Airwaves will be allotted on the approval of their applications. ...

Use of facial recognition software at PM's rally raises privacy questions

First time in India has the Delhi Police used the facial recognition software to screen crowds at a recent political rally. The use of the software has raised concerns about privacy and mass surveillance amidst nationwide protests against a new citizenship law. ...

2.4 million Wyze user data leaked

Wyze has revealed that it was hit by a data leak which in turn has exposed the personal information of more than 2.4 million of its customers. Wyze is a security camera start-up....