Cashback fraud-hit Paytm Mall partners EY to catch conmen

New Delhi, May 13 (IANS): Rattled by frequent cashback fraud incidents involving its staff, e-commernce platform Paytm Mall has announced a partnership with Global professional services firm EY to build a technology-driven fraud prevention system. The move is to undertake frequent audits to identify and prevent collusion, implement learnings from global practices as it expand operations […]

Slowdown concerns to be addressed in Budget: Sources

New Delhi, May 13 (IANS): The full Union Budget presentation in July will provide an opportunity to initiate, as well as take forward some of the steps initiated to stem the ongoing slowdown in the economy, a senior Finance Ministry source said on Monday. The concerns on the economy are in the areas of employment […]

69% Indian firms face serious cyber attack risk: Study

Kuala Lumpur, May 13 (IANS): While 69 per cent Indian and 63 per cent Australian companies are most at risk of cyber attack, 35 per cent of organisations in the region suffered at least one cyber security incident in the last 12 months, says a sector study. According to a recent study by leading IT […]

Mark Zuckerberg rejects call to break up Facebook

London, May 12 (IANS): Facebook CEO Mark Zuckerberg has rejected the call for breaking up his company, saying the size of Facebook is actually a benefit to its users and the security of the democratic process. In an interview with French broadcaster France 2, Zuckerberg dismissed the claim made by his long-time friend and Facebook Co-founder […]

Diesel to be preferred fuel for SUVs, MUVs even post BS-VI: Experts

New Delhi/Mumbai, May 12 (IANS): Diesel might lose its share in fuelling the passenger car segment in the near future but the key transportation fuel will continue to dominate the multi-utility and sports utility vehicles in the medium term. Industry watchers opined steep price differential between petrol and diesel vehicles post BS-VI transition which will be […]

Dollar edges down amid CPI data

Dollar edges down amid CPI data

New York, May 11 (IANS): The US dollar slightly weakened against its major rivals in late trading on Friday as market participants digested the newly-released consumer prices data. The dollar index, which measures the greenback against six major peers, decreased 0.04 per cent at 97.3334 in late trading, the Xinhua news agency reported. The Consumer Price […]

‘India’s e-commerce regulations need more consultation’

Kolkata, May 11 (IANS): India’s e-commerce regulations need more consultation with American companies that have invested in India, according to a senior US official Acting Assistant Secretary of Commerce and Director General of the US Foreign Commercial Service for the Department of Commerce, Ian Steff on Friday said some of the e-commerce regulations have not received […]

HTC looking to exit Chinese smartphone market: Report

HTC looking to exit Chinese smartphone market: Report

Taipei, May 11 (IANS): Taiwanese handset maker HTC’s recent decision to pull its phones from two of China’s largest e-commerce sites strongly suggests that it is perhaps looking to exit the Chinese smartphone market. “Due to the consideration of HTC China’s long-term business strategy, we will temporarily close the HTC mobile phone Jingdong flagship store and […]

Apple settlement made Qualcomm CEO richer by $3.5mn

Apple settlement made Qualcomm CEO richer by $3.5mn

San Francisco, May 11 (IANS): After settling a bitter multi-billion dollar legal battle with Apple, the CEO of US-based chip-maker Qualcomm received a hefty bonus of $3.5 million. Qualcomm CEO Steve Mollenkopf received 40,794 shares of Qualcomm stock, which works out to just under $3,501,757 at Friday’s closing price of $85.84, CNBC reported.  In an official […]

Facebook auto-generates terror content: Whistleblower

Facebook auto-generates terror content: Whistleblower

San Francisco, May 11 (IANS): Facebook is actively creating new terror content on the website with its auto-generation feature, alleges a whistleblower who analysed over 3,000 Facebook profiles of individuals expressing affiliation with terror or hate groups. The social networking giant last year claimed that with the use of advanced Artificial Intelligence (AI) technology and a […]

Mukesh Ambani breaking all barriers to connect next billion

New Delhi, May 10 (IANS): As Asia gears up for the next wave of digital transformation to connect the next billion people online, infrastructural and affordability barriers are being broken in India by Reliance Industries Chairman and Managing Director Mukesh Ambani and his initiatives, a new survey said on Friday. According to the survey by […]

EPFO issues notice to Jet for not remitting employee dues

New Delhi, May 10 (IANS): Grounded Jet Airways’ troubles seem to be mounting each passing day. The Employee’s Provident Fund Organisation (EPFO) has now served a show-cause notice to the airline for not remitting provident fund and other allied dues in various employee accounts. In a letter to the Jet Airways Managing Director, the EPFO […]