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Omar Ishrak steps down as Intel’s Chairman
Intel’s Chairman Omar Ishrak had stepped down, with board director Frank Yeary appointed as his replacement. ...
AMD launches Ryzen & Athlon 7020 Series Processors for smartphones in India
AMD has launched the new Ryzen 7020 Series and Athlon 7020 Series Processor lineup in India, delivering performance, productivity, and responsiveness. The Ryzen and Athlon 7020 Series Processors for mobile are built on the “Zen 2” core architecture featuring AMD RDNA 2 graphics....
Google rewards Rs 18 lakh to Indian hackers for discovering a bug
Two Indian hackers got a whopping $22,000, for spotting a security flaw in Google’s cloud program projects. They spotted a major server-side request forgery bug and subsequent patch bypass. The bug they found could have allowed someone to take control of someone else’s virtual machine with just one click....
Govt proposes multiple changes to insolvency law
The government has proposed a number of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. Since the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, it has already undergone various amendments....
Twitter lost 500 advertisers since Elon Musk’s acquisition
According to a report, over 500 of Twitter’s advertisers have stopped spending money on the platform since Elon Musk took over the microblogging site last year. On the same day, the social media company’s daily revenue was 40% lower than the same day a year ago. ...
Bharti Airtel to set up hyperscale data center in Hyderabad
Telecom giant Bharti Airtel Group in association with the Telangana government announced an investment worth Rs 2,000 crore through its Data Center arm Nxtra Data Centers, to establish a large hyperscale data center in Hyderabad with a capacity of 60 megawatts (MW) of IT load for the first phase....
Samsung India seeking to collect Rs 894 Cr worth production incentives from the govt
Samsung Electronics Co. is facing difficulties in collecting manufacturing incentives owed by India, underlining the complicated nature of such programs. The smartphone giant’s India unit is seeking Rs. 9 billion worth incentives for the fiscal year through March 2021. ...
Russian anti-monopoly agency fines Apple with $17Mn
Russia’s federal anti-monopoly service (FAS) has fined Apple about $17.4 million, for exploiting its dominant market position, and had directed the tech giant to pay the fine within two months. ...
Road transport ministry directs the scrapping of Govt vehicles older than 15 years
The Road Transport and Highways Ministry on January 19 said that all vehicles owned by central and state governments, including buses owned by transport corporations and public sector undertakings, older than 15 years will be scrapped and deregistered starting April 1....
Rashi Peripherals submits IPO papers worth Rs 750 crore with SEBI
Rashi Peripherals has submitted preliminary papers with the capital markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 750 crore through an Initial Public Offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the public issue is a completely fresh issue of shares with no offer-for-sale component. ...