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Hackers Sending Coronavirus Map Link on Whatsapp to Steal Your data

27Mar By PriyankaNo Comments

News

Hackers Sending Coronavirus Map Link on Whatsapp to Steal Your data

Even as the whole world grapples with rising COVID-19 cases, cyber fraudsters have devised a malware called "coronavirus map" to steal confidential data, including bank account details and passwords. Pixr8 News team found out about the malware a week ago and urging people not to open any coronavirus-related links circulated on social messaging apps. Cyber fraudsters are using a malware called coronavirus map, which can compromise your confidential data. People are taking precautionary measures by spreading awareness about this unauthorized link, he added. The malware link, shared widely on messaging apps like WhatsApp, claims that it has important information about ways to prevent coronavirus infection, he said. If one clicks on the link, it installs a spy software, which ca...

Facebook Looking to Acquire 10% Stake in India’s leading Telecom Company

25Mar By PriyankaNo Comments

ACQUISITION

Facebook Looking to Acquire 10% Stake in India’s leading Telecom Company

Facebook Inc is in talks to acquire stake India's leading telecom company Reliance Jio, according to a report published in Financial Times. The report said the social media giant was in talks for a 10% stake in Jio, controlled by India's wealthiest man Mukesh Ambani, but the talks were halted due to global travel bans amid the coronavirus outbreak. According to previous reports, Reliance Jio's enterprise value was estimated to be around $60-65 billion in October 2019 following the company's future plan to clear all its debt till March 2021. Reliance Jio had a subscriber market share of 32.1 percent and a revenue market share of 35.4 percent in December 2019 as per previous reports. Recently, Reliance had restructured the digital businesses to bring it under a single entity in ...

Cognizant to Acquire Indianapolis based Digital Marketing Firm

23Mar By PriyankaNo Comments

ACQUISITION

Cognizant to Acquire Indianapolis based Digital Marketing Firm

IT firm Cognizant said it has entered into an agreement to acquire Lev, a privately-held, digital marketing consultancy in the US. The company did not disclose financial details of the transaction. "Lev helps businesses simplify and modernise their marketing campaigns using Salesforce Marketing Cloud to provide data-driven insight and personalization across the customer journey, and ultimately drive revenue," Cognizant said in a statement. The acquisition will help expand Cognizant's Salesforce practice and is expected to close in the first quarter of 2020, subject to meeting of certain closing conditions. Indianapolis based Lev provides strategic consulting, architecture design, technical optimisation and application integration services, the statement said, adding its clients...

Dubai Suspending All Economic Lifeline Amid Coronavirus Threat

23Mar By PriyankaNo Comments

MIDDLE EAST

Dubai Suspending All Economic Lifeline Amid Coronavirus Threat

Dubai is closing its famous malls and halting all passenger flights, capping a series of shutdowns on once-thriving sectors that serve as its economic lifeline but which have been sacrificed to curb coronavirus. A few days after barring foreigners, including those with residency permits, from entering the country, the emirate said it would close its airports to commercial flights, shut shopping centres and restrict restaurants to home deliveries. Within hours of the announcement, which will be enforced by Wednesday, the city's vast malls were already largely deserted, with corridors and concourses empty and shops devoid of customers. Boasting the most diversified economy in the Gulf, Dubai derives 94 percent of its public revenues from non-oil sources which also make up the majori...

Coronavirus: How Pune School Using Technology to Teach its Students

19Mar By PriyankaNo Comments

INDIA

Coronavirus: How Pune School Using Technology to Teach its Students

Coronavirus may have led to the closure of schools and colleges in Maharashtra, but technology and social media apps have come to the rescue of students. A Phoneix world school at Kharadi, Pune is using WhatsApp and Gmail to send class assignments to its students. The local government had directed schools and colleges in the state to remain shut till March 31, due to the coronavirus outbreak in the state. Despite the lockdown, educators at Phoneix world school at Kharadi, Pune have ensured that there are no roadblocks in the process of learning, by giving class assignments on WhatsApp and Gmail. Teachers have formed class-wise WhatsApp groups to help students continue their studies without interruption. "I have been sending different subjects assignment for my students. I al...

14Mar By PriyankaNo Comments

USA

Jack Ma offers 1 Million Masks to USA

Chinese billionaire businessman Jack Ma offered the United States 500,000 coronavirus test kits and a million masks, as the country faces a shortage of kits for diagnosing the potentially deadly disease. In a statement on Twitter, the founder of e-commerce giant Alibaba said, "drawing from my own country's experience, speedy and accurate testing and adequate protective equipment for medical professionals are most effective in preventing the spread of the virus.""We hope that our donation can help Americans fight against the pandemic!" he said in the statement, which was posted by the Jack Ma Foundation.Ma, who is China's richest man, said that over the past weeks, his organizations had helped provide similar supplies to virus-hit countries such as Japan, South Korea, Italy, Iran and Spa...

How Coronavirus Impacts Global Supply Chain

12Mar By PriyankaNo Comments

BLOGS

How Coronavirus Impacts Global Supply Chain

TEMPE, Ariz., March 11, 2020-- The Institute for Supply Management (ISM) revealed the results of a survey focused on coronavirus disease 2019 (COVID-19) business and supply chain impacts. Notably, nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions. Of those, one in six (16%) companies report adjusting revenue targets downward an average of 5.6 percent due to the coronavirus. "The story the data tells is that companies are faced with a lengthy recovery to normal operations in the wake of the virus outbreak," said Thomas W. Derry, Chief Executive Officer of ISM. "For a majority of U.S. b...

Saudi Oil Group Aramco Sponsors Formula One

11Mar By PriyankaNo Comments

BUSINESS

Saudi Oil Group Aramco Sponsors Formula One

Saudi oil giant Aramco has signed on as a global sponsor of Formula One, the firm said, in a move seen as part of the conservative kingdom's drive to soften its international image. "Aramco, the world's largest integrated oil and gas company, today announced a long term global sponsorship with Formula 1," the company said, announcing its first ever major sports sponsorship deal. Under the deal Aramco will have trackside branding rights at most races, title rights to the US, Spanish and Hungarian Grands Prix in 2020 as well as brand exposure through broadcast and digital platforms. Saudi Arabia, under fire over human rights abuses, has accelerated investment in glitzy sports and entertainment events in a bid to improve its reputation and boost jobs and investment in the sectors. ...

Infosys Sacks Three Employees on Bribe Charges

10Mar By PriyankaNo Comments

News

Infosys Sacks Three Employees on Bribe Charges

Bengaluru, March 9, 2020: Global software major Infosys sacked three of its techies who were arrested on a bribe charge levelled by the Indian Income Tax Department, said a company official. "The three employees have been terminated after a thorough internal investigation," said Infosys in a mail reply to Pixr8 News. Admitting that the company was aware of the allegations against the accused who have been found violating the company's policies by the tax authorities, the official said the company takes any breach of its policies and code of conduct seriously. "We are cooperating with the authorities," the official added. The three accused are Renugunta Kalyan Kumar, Prakash, and Deveshwar Reddy. "The three were arrested for contacting taxpayers and promising to get them tax reb...

7Mar By PriyankaNo Comments

ACQUISITION

SBI to Pick up 49 pc Stake in Yes Bank

India's leading government bank State Bank of India (SBI) will pick up 49 percent stake in the crisis-ridden Yes Bank under a government-approved bailout plan, with Finance Minister Nirmala Sitharaman assuring that depositors' money is safe. A day after imposing moratorium on Yes Bank and restricting withdrawals, the RBI on Friday evening issued a draft reconstruction scheme for the private sector lender and said SBI has "expressed its willingness" to make an investment. Earlier in the day, SBI Chairman Rajnish Kumar met the finance minister. A former SBI CFO has already been appointed administrator of the Yes Bank, whose board has been superseded. "The investor bank shall agree to invest in the equity of the reconstructed bank to the extent that post infusion it holds 49 per cent...

Coronavirus wipes USD 50 billion From global Exports in February

5Mar By PriyankaNo Comments

BUSINESS

Coronavirus wipes USD 50 billion From global Exports in February

UN economists announced a likely USD 50 billion drop in worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by novel coronavirus COVID-19 moved further into focus. Citing the China Manufacturing Purchasing Manager's Index (PMI), Pamela Coke-Hamilton, who heads UNCTAD's Division on International Trade and Commodities, said that it had fallen to 37.5 - a drop of about 20 points the lowest reading since 2004. This also correlates directly to exports and also implies a two per cent drop in overall exports, she said, with a resulting ripple effect worldwide to the tune of a USD 50 billion fall in exports. Because China has become the main supplier of finished products and so-called intermediate products used in countless industries...

2Mar By PriyankaNo Comments

FUNDING

Footwear brand Neemans Raises $1 Million in Funding

Hyderabad-based Neeman’s, an eco-conscious footwear brand making comfortable shoes using Merino Wool has raised around 1 million USD in an early stage round led by Anicut Angel Fund which made its maiden investment, Tushar Singh and Rohit Anand were the leads of this round of investment on behalf of Anicut, with Tushar joining the company board. Through Anicut, Ashvin Chadha, Arjun Seth, Abhishek Goyal, Ambarish Raghuvanshi, and Sanjay Kapoor are among the investors who participated in this round. Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neemans claims that its shoes are natural, lightweight, flexible, breathable, moisture-wicking, odour-resistant, cool in summer and warm in winter, and machine-washable. The funding will be used by the start-up for the expansion of the...