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Budget Expectations 2023-24 of IT industry

On February 1, Finance Minister Nirmala Sitharaman will present the Union Budget 2023-2024 in the Parliament. It will be Sitharaman’s fifth budget speech and it is the last full budget before the General Election 2024....

Hackers steal over $750K by taking over Azuki’s Twitter account

Popular nonfungible token (NFT) project Azuki’s Twitter account was compromised, allowing hackers to steal more than $750,000 USD Coin by posting a malicious “wallet drainer link” posing as a virtual land mint. ...

Data Privacy Day celebrated on 28 January 2023

Data Protection Day, or Data Privacy Day, is celebrated on January 28, with an aim to create more awareness about the right to data protection and the various ways in which people can keep their data safe. The theme for this year is ‘Think Privacy First’....

Bengaluru colleges restrict students from using ChatGPT

Indian colleges have started adopting measures to prevent students from using the chatbot for academic purposes. Institutions such as Dayananda Sagar University, RV University and the International Institute of Information Technology are exploring measures to prevent students from depending on AI tools like ChatGPT, Github Copilot, Blackbox and others. RV University has issued a formal advisory against using the tool....

Adani Group hits back at Hindenburg Research report with a detailed response

Issuing a detailed 413-page riposte to New York-based short seller Hindenburg Research, the Adani Group said that "unsubstantiated allegations and misleading narrative are backed by relevant documents"....

Rajeev Chandrasekhar remarks electronics export from India expected cross Rs 1.28 lakh crore in next fiscal

Minister of State for Electronics and IT Rajeev Chandrasekhar has stated that in the next financial year the electronics export from India may cross Rs 1.28 lakh crore. In a chat with a news agency, he said that the government will expand the manufacturing ecosystem with a new production-linked incentive scheme for hearable-wearable, IT hardware and component makers....

Intel hopeful of regaining lost market share in 2023

Intel CEO Pat Gelsinger is hopeful that Intel will recover its losing market share held byV AMD this year. ...

PayPal data breach exposed 35000 PayPal accounts

PayPal suffered a significant credential-stuffing attack in December last year that compromised the sensitive personal information of close to 35,000 customer accounts. Credential stuffing are attacks where hackers attempt to access an account by trying out username and password pairs sourced from data leaks on various websites. ...

Google sued by US Justice Dept for dominating online ad market

The US Justice Department sued Google over its dominance in the online advertising market. The federal antitrust suit accused Google of unlawfully maintaining a monopoly that had “corrupted legitimate competition in the ad tech industry.”...

Mahanadi Coalfields to build power plant in Odisha

Coal India arm Mahanadi Coalfields Ltd (MCL) will set up a coal-based plant in Odisha with an investment of around Rs 12,000 crore. MCL is planning to diversify into power generation and aluminium business....