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19May By AdityaNo Comments

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Wipro Launches Nine Solutions to Accelerate Adoption of Blockchain across Industry Sectors

East Brunswick, New Jersey, United States & Bangalore, Karnataka, India- Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that it has developed nine blockchain-based solutions for the Banking Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods industries. Defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab, these solutions demonstrate what block chain can accomplish for global enterprises. The industry solutions span across areas such as Delivery v/s Payments (DvP), Tri-party collateral management, Skip Trace Consortia, Trade finance, P2P insurance for the sharing economy and Loyalty Rewards Management in the BFSI sector. Wipro has developed solution...

Food Ordering App Zomato Reports Data Theft of 17 Million Users

18May By Press Trust of IndiaNo Comments

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Food Ordering App Zomato Reports Data Theft of 17 Million Users

Online restaurant guide and food ordering app Zomato today said about 17 million user records have been stolen from its database. The stolen information contains user email addresses and hashed passwords but no payment information or credit card data has been stolen/leaked, Zomato said in a blogpost on its website. The startups disclosure comes at a time when the world is grappling with the cyber attack by ransomware WannaCry, which has impacted IT networks in over 150 countries. Zomato said the data theft was discovered recently by its security team, without indicating the exact time or if it was related to the WannaCry ransomware attack. "Our team is actively scanning all possible breach vectors and closing any gaps in our environment. So far, it looks like an internal (human...

Google Bringing its Voice Based Digital Assistant to iPhone To Challenge Siri

18May By reutersNo Comments

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Google Bringing its Voice Based Digital Assistant to iPhone To Challenge Siri

Alphabet's Google is bringing its digital assistant to Apple's iPhone, making a play for the higher end of the smartphone market and challenging Apple's Siri feature on its own devices. The announcement heralds a step by Google, whose Android operating system runs on the majority of the world's smartphones, to get a foothold on Apple's phones, which have smaller market share but are used by people who tend to spend more on technology. It comes as Google, Apple and Amazon.com are competing to establish dominance in the voice-powered digital assistant segment, which many in the industry believe will supplant keyboards and touch screens as a primary way that users interact with technology. Speaking at an annual developer conference in Mountain View, California, Google Chief Executive S...

Paytm Appoints Renu Satti as a CEO of Paytm Bank, Shinjini Kumar Quits

17May By AnkitaNo Comments

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Paytm Appoints Renu Satti as a CEO of Paytm Bank, Shinjini Kumar Quits

After months of delay, Paytm is now set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India. The digital payments and commerce firm has named Renu Satti as its new CEO, following the departure of Shinjini Kumar. "Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and would commence its operations on May 23, 2017," it said in a public notice. A Paytm spokesperson said: "We recently received approval from RBI for Renu Satti to be the CEO." Satti had joined Paytm in 2006 as manager human resources and over the years, has been involved with various departments at the company. Most recently, she was heading the movie ticketing business as vice president. Before Paytm, she has worked with M...

Paytm to Start Payments Bank Operations From May 23

17May By Press Trust of IndiaNo Comments

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Paytm to Start Payments Bank Operations From May 23

After months of delay, Paytm is now all set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India (RBI). "Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and would commence its operations on May 23, 2017," it said in a public notice. The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity PPBL under the payments bank licence awarded to a resident Indian, Vijay Shekhar Sharma, the founder of One97 Communications that owns Paytm. After May 23, the Paytm wallet will move to PPBL. In case consumers do not wish for that, they have to inform Paytm, which will in turn transfer the wallet balance to the consumers bank accou...

The Indian Institute of Management Kozhikode (IIM-K) Launches Business Incubator LIVE

16May By RishabhNo Comments

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The Indian Institute of Management Kozhikode (IIM-K) Launches Business Incubator LIVE

The Indian Institute of Management Kozhikode (IIM-K) has launched its Laboratory for Innovation, Venturing and Entrepreneurship (LIVE), a business incubator and entrepreneurship development center. A proposal for LIVE was submitted by the institute in 2016, following which the Department of Science and Technology (DST) sanctioned a grant of Rs three crores. IIM-K has made available required space and facilities on campus and is developing a series of programmes and products that would ensure long term sustainability of LIVE, which has offered admission to twelve startups in its first ever job creation programme, an IIM-K release said here today. "LIVE would gain immensely from the faculty members, students, alumni, international linkages and other institutional networks of IIM-Ko...

15May By PriyankaNo Comments

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Indian IT Firm Tech Mahindra Entered Into Top-20 Global Tech Brands

IT firm Tech Mahindra today said it has entered into the Top-20 global tech services brands list (by brand value) in 2017,as per an independent assessment by a valuation and strategy consultancy, Brand Finance. It also said the company has potential to be in the top-5 technology services brands by 2020. Tech Mahindra has been ranked at No 14, with an impressive growth of 21 per cent over the previous fiscal, a joint release by Tech Mahindra and Brand Finance said. "Tech Mahindra has delivered excellent brand value growth of 21 per cent. Its brand transformation journey from being an Information Technology player to a Digital Transformation partner has shown great progress," Brand Finance Founder and CEO David Haigh said. "With its new brand promise of Connected World,Connected ...

India a Land of Software Developers: Microsoft official

14May By Press Trust of IndiaNo Comments

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India a Land of Software Developers: Microsoft official

India has become a land of software developers with the country accounting for the third largest number of such professionals, a senior Microsoft official has said. Driven by immense opportunities that the Indian government's digitisation programme has offered and the fact that it opens up a new vista of more than a billion plus market inside the country, there is a new level of enthusiasm and confidence among the Indian developers community, said Narendra Bhandari, GM Developer Group in India, Microsoft. "The impact of these policy initiatives like demonetisation and GST, which is being rolled out soon, on software developers is that people who are building these applications are now thinking, how do I build these applications for a billion people, not for the twenty million...

Bengaluru Firm Chosen For Building Hyperloop Pod Prototype

12May By Press Trust of IndiaNo Comments

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Bengaluru Firm Chosen For Building Hyperloop Pod Prototype

Hyperloop India has tied up with a city-based Workbench Projects to build the prototype pod that will feature in the global design competition for the super fast transportation system using magnetic levitation technology. "Hyperloop India team has partnered with us to build the prototype pod in Bengaluru by the end of July. The building work will start from May 22. This will mark India's entry into the international Hyperloop race," Workbench Projects founder and CEO Pavan Kumar said today. Hyperloop India comprises more than 80 students from BITS Pilani, Indian School of Business and IIM-Ahmedabad, and their scaled down pod prototype 'OrcaPod' has been selected for the final stage of SpaceX's Hyperloop Pod Design competition, he told PTI. OrcaPod, being developed by Hyperloop Ind...

Forbes Middle East Declares Top 100 Indian Business Leaders

12May By Press Trust of IndiaNo Comments

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Forbes Middle East Declares Top 100 Indian Business Leaders

Retail Mogul Yusuff Ali and Pepsico executive Sanjeev Chadha are among the top 100 Indian business leaders in the Arab World 2017, according to a Forbes ranking for the Middle East. Ali, Managing Director of Lulu Group International topped the Indian business owners category and Chadha, CEO, Asia, Middle East and Africa at PepsiCo International led the Indian executives category. For the first time, the ranking also recognised the next generation of business leaders who are carrying on the legacy of their family businesses. Forbes Middle East is an annual ranking of the top 100 Indian business owners and the top 50 Indians in executive management. The next generation of business leaders will lead 25 family owned businesses with an estimated total revenue of more than USD 27.5 b...

Twitter Uses AI Technique Twitter To Show Tweets on Your Timeline

11May By kriti singhNo Comments

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Twitter Uses AI Technique Twitter To Show Tweets on Your Timeline

Twitter has started using a trendy type of artificial intelligence to figure out which tweets to show on the timeline of its over 300 million monthly active users. The popular micro-blogging site is evaluating and scoring thousands of tweets per second to determine what is worth recommending on timelines, taking into consideration an increasing number of factors, including whether tweets contain images or videos, the number of retweets and likes, and your previous interactions with other account holders, Twitter software engineers Nicolas Koumchatzky and Anton Andryeyev wrote in a blog post, CNBC news reported. Tech giants like Facebook, Google and Microsoft among others have previously attempted to improve various products using deep learning, a trendy type of artificial intelligenc...

SoftBank Suffered Rs 9,000 Cr Valuation Loss From Ola, Snapdeal

10May By AnkitaNo Comments

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SoftBank Suffered Rs 9,000 Cr Valuation Loss From Ola, Snapdeal

Japanese conglomerate SoftBank Group has booked a valuation loss of USD 1.4 billion or over Rs 9,000 crore on its investments in Snapdeal and Ola as the startups faced heat from foreign rivals with deep pockets. SoftBank said it suffered a loss of USD 1 billion (Rs 6,500 crore) on its investment in Snapdeal, almost matching the money it has put in the home-grown marketplace during 2016-17. "Highly competitive e-commerce market in India has made a trend of the companys business performance lower than initially anticipated," SoftBank said in its earnings statement. SoftBank which has committed investments of USD 10 billion in India has been working on a plan to sell Snapdeal to larger rival Flipkart. While it has got most board members of Snapdeal to agree to the proposal, it is ...