Friday, April 26

News

MIT Pune, IBM Unveil Robot Chintu
19Mar By AnkitaNo Comments
News

MIT Pune, IBM Unveil Robot Chintu

The students of Maharashtra Institute of Technology (MIT) Pune and technology giant IBM have developed a robot, Chintu, which would assist senior citizens in their everyday tasks. Chintu, under 2ft tall robot, was developed after MIT Pune received a grant of Rs 10 lakh last year from IBM. It is powered by the US-based companys cognitive assistant, IBM Watson. Chintu can move his hands and read books to an audience. "Drawing from Watsons domain knowledge, Chintu will assist senior citizens in conducting everyday tasks such as reading the newspaper/book and generate reminders on their daily medication," Professor and Head of Computer Engineering Department at MIT Pune, Vrushali Kulkarni, told Pixr8. She added that the students have been working on the project for the past few months. Wh...
Read More
India, Russia to Set Up $1 Billion Business Fund
18Mar By Press Trust of IndiaNo Comments
News

India, Russia to Set Up $1 Billion Business Fund

India and Russia are setting up a USD 1 billion fund to promote mutual investments in infrastructure and technology projects, Commerce and Industry Minister Nirmala Sitharaman has said. Both the countries would contribute USD 500 million to the fund, Sitharaman said while addressing India-Russia Business Forum at the ongoing International Engineering Sourcing Show (IESS) here yesterday. While the Russian funds would be channeled through Russian Direct Investment Fund (RDIF), Indian contribution will be accrued from National Investment and Infrastructure Fund. Sitharaman elaborated upon other measures being taken by Russia and India to scale up their economic engagement and to boost bilateral trade and investment. As part of these initiatives, the India Russia CEO Forum will hol...
Read More
Security Flaw Found in WhatsApp, Telegram: Researchers
17Mar By Press Trust of IndiaNo Comments
News

Security Flaw Found in WhatsApp, Telegram: Researchers

A computer security firm today revealed a flaw that could let hackers break into WhatsApp or Telegram messaging accounts using the very encryption intended to protect messages. Check Point Software Technologies said that it alerted Telegram and Facebook-owned WhatsApp last week, waiting until the vulnerability was patched before making it public. Check Point did not specify how many messaging accounts were at risk, but did say the flaw posed a danger to "hundreds of millions" of users accessing the messaging platform from web browsers in computers, as opposed to mobile applications. "This new vulnerability put hundreds of millions of WhatsApp Web and Telegram Web users at risk of complete account take over," Check Point head of product vulnerability Oded Vanunu said in a release. ...
Read More
Lawyer Seeks FIR Against TVF Founder Over Harassment Charges
17Mar By kriti singhNo Comments
News

Lawyer Seeks FIR Against TVF Founder Over Harassment Charges

A lawyer today filed an application with MIDC police station in suburban Andheri, demanding registration of FIR for sexual harassment against Arunabh Kumar, founder of web entertainment firm The Viral Fever(TVF). The complaint referred to accusations of sexual harassment against Kumar made in a blog post by an anonymous woman who claimed to be a former TVF employee. TVF has denied the allegations. Advocate Rizwan Siddqiuee, the lawyer, today said a third person can set in motion a criminal case in such matters, so he had approached the police. "I have filed a complaint against Arunabh Kumar for intentionally indulging in various wilful, criminal, vulgar and contentious acts of sexual harassment against a woman at workplace," he said, Senior police inspector Shailesh Pasalwad of MI...
Read More
Paytm Goes Global, Launched App For Canadian Bill Payments
17Mar By PriyankaNo Comments
News

Paytm Goes Global, Launched App For Canadian Bill Payments

Not a long ago, in an event of IAMAI, Vijay shekhar, founder of Paytm has said that the day when we launched our app on foreign soil will be the most memorable day of my life. The man of golden touch once again proved his word true and his company launched bill payment app in Canada. The Mayor of Toronto Mr. John Tory visited Paytm Noida headquarters and launched the app. Paytm started Canada operation back in 2014 as a two-member operation team, working out of local libraries but now the Paytm Labs team is a 55 member strong team of Software, Data and Machine Learning engineers who build technologies for the world’s fastest growing mobile payments and commerce ecosystem. Using Paytm bill payment app, Canadians will now be able to pay for their cell phone, cable, internet, electr...
Read More
Amazon India Head Amit Agarwal Promoted as SVP
17Mar By PriyankaNo Comments
News

Amazon India Head Amit Agarwal Promoted as SVP

Amazon India head Amit Agarwal has been elevated to the post of Senior Vice President, Amazon. The company confirmed the development in an emailed statement. "This indicates how excited Amazon is about the progress the company is making in India and the opportunity Amazon sees ahead," it added. The promotion comes within a year of Agarwals inclusion in a senior leadership team that reports directly to Amazon CEO and President Jeff Bezos. Agarwal will continue to head the India operations. Amazon, which has committed investments to the tune of USD 5 billion, remains one of the fastest growing for the US-based e-tailer. The company faces intense competition in India from local player, Flipkart. The competition is further heating up as Chinese e-tailer Alibaba gears up for a stron...
Read More
ShopClues Founder Aggarwal Files Defamation Case Against Wife, Co-founder Over Role Downplay
14Mar By Press Trust of IndiaNo Comments
News

ShopClues Founder Aggarwal Files Defamation Case Against Wife, Co-founder Over Role Downplay

NEW DELHI: ShopClues co-founder Sandeep Aggarwal today said he has filed a criminal defamation case against other co-founders -- Sanjay Sethi and estranged wife, Radhika -- in Delhi courts earlier this month alleging them of downplaying his role in creation of the online marketplace. The statement, issued by Sandeep's press team, comes a day after he made several allegations against Radhika in a series of Facebook posts. ShopClues was valued at over USD 1 billion last year. Its investors include GIC Pte Ltd, Tiger Global Managment LLC and Nexus Venture Partners. Apologising for the emotional outburst on social media and saying such acts will not happen again, the statement said, "Sandeep has been wronged on multiple counts by people he trusted the most. He is deeply hurt and while...
Read More
Key LinkedIn Exec Eduardo Vivas to Quit Later This Year
14Mar By AdityaNo Comments
News

Key LinkedIn Exec Eduardo Vivas to Quit Later This Year

Eduardo Vivas, an executive in charge of shaping one of LinkedIn's biggest revenue generators, plans to leave, a company spokeswoman confirmed on Friday. Vivas is the head of product for Mountain View, California-based LinkedIn's Talent Solutions business, which includes paid tools for corporate recruiters to find candidates on the work-focused social network. It accounted for $1.8 billion of $3 billion in total revenue in 2015, the last full year of financial results before Microsoft Corp acquired the company last year for $26.2 billion. Vivas plans to leave later this year, the spokeswoman said. His departure comes amid a broader change in how the company handles product responsibilities in its upper ranks after its sale to Microsoft. Until January, LinkedIn was somewhat unus...
Read More
McAfee to Ramp Up Investment in India & Add New Jobs
14Mar By NitishNo Comments
News

McAfee to Ramp Up Investment in India & Add New Jobs

IT security firm McAfee is looking at adding more jobs at its centre in Bengaluru and will continue to invest in growing local business in India, a top official said today. Global chipmaker Intel had last September spun out McAfee as a separate company with private equity player TPG owning 51% share in the new entity. The deal is expected to close in the second quarter of 2017. "One of our largest sites around the world is in Bangalore. We continue to invest in that. We are actually adding new functions into the site there," said Intel Security General Manager and SVP Christopher Young. "Under Intel, it was primarily development centre, but now we are adding finance, IT, HR to that site as well to support the new (unit)," he added. While Young declined to comment on investment ...
Read More
Vacancy of Office Space Lowest in Bengaluru at 4%
12Mar By AdityaNo Comments
News

Vacancy of Office Space Lowest in Bengaluru at 4%

Bengaluru has the lowest vacancy of office space at nearly 4 per cent among the seven major cities on account of robust demand from corporates, according to property consultant JLL India. The demand of office space is expected at 8 million sq ft in the 2017 calendar year against 8.6 million sq ft occupied in last year. "Among the seven major office markets in India, Bengaluru continues to have the lowest vacancy levels at slightly less than 4 per cent," JLL India CEO and Country Head Ramesh Nair said in a report. "In a trend led by the IT capital of India, how can other IT cities be far behind? Pune and Hyderabad too have vacancy levels at over 5 per cent and 9 per cent respectively," he added. The vacancy level in Chennai is around 11 per cent, Mumbai 18 per cent, Kolkata at o...
Read More
Reliance Jio, Paytm Apologise For Using PM’s Photo in Print Ads
11Mar By PriyankaNo Comments
News

Reliance Jio, Paytm Apologise For Using PM’s Photo in Print Ads

Reliance Jio and Paytm have apologised for their "inadvertent mistake" in using Prime Minister Narendra Modi's photograph in their advertisements without permission, the government today informed Parliament. The Ministry of Consumer Affairs had sent notices to both the companies under the Emblems and Names (Prevention of Improper Use) Act of 1950, which bars use of Prime Minister's name and picture for commercial use. "Clarifications were sought by the Department of Consumer Affairs from Paytm and Reliance Jio wherein they have apologised for their inadvertent mistake," Minister of State for Consumer Affairs C R Chaudhary said in a written reply to the Rajya Sabha. The two companies used the photograph of the Prime Minister in their respective full page advertisements contraven...
Read More