A French researcher has claimed that he found a security lapse that allegedly exposed millions of Aadhaar numbers of dealers and distributors associated with Indane, an LPG brand owned by the Indian Oil Corporation (IOC). Baptiste Robert, who goes by the online handle Elliot Alderson and has exposed Aadhaar leaks in the past, wrote in […]
Archives for 2019
Small e-commerce sellers seek EU-like norms
A group of small sellers on Amazon and Flipkart has written to the Department for Promotion of Industry and Internal Trade (DPIIT) seeking stricter norms so that ecommerce companies can’t arbitrarily change the terms of business and suspend accounts. They have also asked for rules to bring greater transparency on online platforms such as an […]
Flipkart bets on alpha-beta tango to sync with FDI norms
Flipkart is creating a layer of B2B (business-to-business) entities that will act as intermediaries between its wholesale arm and prominent sellers on its platform to comply with foreign investment rules for ecommerce marketplaces, people familiar with the development said. Flipkart, which Walmart. acquired for $16 billion in May, has appointed eight-nine such independent entities, code-named […]
Apple, Comcast, Sony shortlisted for stake sale talks by Zee Entertainment
US cable major Comcast, which owns NBC Universal, Atairos, a $4-billion investment company led by former Comcast CFO Michael Angelakis, and Sony Corp have been shortlisted for talks that could lead to the purchase of a substantial stake in Zee Entertainment, multiple people aware of the situation said. They are competing with technology giant Apple […]
Build your own models to predict the 2019 Oscars
It’s that time of the year when movie fans around the world get glued to their TVs sucking in everything the Oscars have come to represent over the years: the nominees and the snubs, celebrities, designer outfits, rumors of impending breakups or newcomers making the waves, and oh yes, also some of the best movies […]
PayU in advanced talks to invest upto $150M in Capital Float
Global fintech major PayU is in advanced discussions to invest $100-$150 million in Bengaluru-based CapFloat Financial Services, which owns and operates digital lending platform Capital Float, as the Naspers-owned company looks to expand its reach in India’s small and medium business lending segment. PayU, according to four people aware of the negotiations, is seeking to […]
When Cyberattacks Pack a Physical Punch
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Facebook behave like ‘digital gangsters’ who spread fake news: British MPs
A scathing British parliamentary report on Monday branded Facebook “digital gangsters” who failed to fight the spread of fake news and violated data privacy. Lawmakers’ 18-month investigation into technology companies and disinformation also accused the world’s largest social media platform of trying to hide the extent of Russian interference in foreign elections. Facebook is coming […]
Karnataka transport dept halts Ola bike taxi
The transport department has written to app-based ridehailing service Ola to stop its bike taxi services immediately. The company has been running the services in Bengaluru on a pilot basis for a week. The strongly-worded letter comes days after Ola, TaxiForSure and Uber (OTU) Owners and Drivers Association petitioned the department to take action against […]
After Twitter, House panel may summon Facebook and WhatsApp
The parliamentary standing committee on information technology is expected to summon Facebook and WhatsApp as part of its discussions over safeguarding citizen rights on social media, people with direct knowledge of the matter said. They are likely to be called in March, as the panel first wants to complete its postponed meeting with Twitter, they […]