Flipkart may have a ‘Reliance plan’ to take on Blinkit, Instamart

Flipkart is in talks to acquire Dunzo, a hyperlocal delivery startup. The deal faces challenges due to ownership structure and funding difficulties. Dunzo has lost market share to competitors. Instant delivery companies face challenges amid the pandemic.  Source: Times of India/TOI  Read More

Where do stolen phones go? To IMEI ‘changers’

Police busted a gang changing IMEIs of stolen mobiles in west Delhi. Three members arrested from Tilak Nagar. 79 stolen phones recovered along with a laptop and incriminating software. Suspect arrested with stolen mobile from Hari Nagar. Investigation ongoing on phones being sold in the grey market.  Source: Times of India/TOI  Read More

India to develop draft AI framework by June-July: Chandrasekhar

India is taking the lead in developing a global AI regulatory framework. Rajeev Chandrasekhar announced this at the Nasscom India & Leadership Forum. The framework, to be discussed at the GPAI event, aims to establish legal guardrails for the digital economy and ensure the safety and trustworthiness of AI.  Source: Times of India/TOI  Read More

Breakthrough in Education Technology: India Launches AI-Powered Education Tablet

Introducing the latest innovation in education technology, India is set to launch its first AI-enabled education tablet. Recently unveiled by S. Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), and backed by the EPIC Foundation, these tablets boast cutting-edge features designed to bridge the digital divide and tackle electronic waste accumulation in […]

Financial frauds: Why RBI crackdown on Paytm may just be the beginning

Last month, RBI shocked investors by halting most operations of Paytm’s banking sector, a leading fintech company. This action followed Paytm’s extreme oversight in customer verification processes, notably using a single identity document to create numerous accounts. This incident reflects the increasing frustration of Indian regulators with the financial industry’s compliance failures.  Source: Times of […]

Bengaluru: Residents say no to annual Ramzan food mela

Residents of Fraser Town in Bengaluru oppose the annual food mela during Ramzan due to various issues including unlicensed stalls, increase in gastro-enteritis cases, pollution, alcohol consumption, security problems, hygiene concerns, sleep disruption, and traffic congestion.  Source: Times of India/TOI  Read More

PM Modi welcomes Greece PM Mitsotakis at Rashtrapati Bhavan

Greek Prime Minister Kyriakos Mitsotakis, who is on a state visit to India, arrived in the national capital on Tuesday. Union Minister of State for External Affairs Meenakashi Lekhi welcomed the Greek PM at the airport. ​​Notably, Mitsotakis is the Chief Guest and Keynote Speaker at the Raisina Dialogue 2024, which is scheduled to take […]

Sebi uncovers $241 million accounting issue at Zee

SEBI found that around 20 billion rupees may have been diverted from Zee by the founders, which is ten times more than initially estimated. The amount found missing is not final and may change after Sebi reviews the responses from the company executives. Zee’s merger with Sony fell apart due to a standoff over financial […]

Bengaluru metro ops hit for 4 hours: What went wrong

Namma Metro operations on the Purple Line were disrupted for over four hours due to a technical snag, leaving office-bound commuters stranded. Bangalore Metro Rail Corporation Limited failed to provide timely announcements about the disruptions, causing inconvenience to passengers. Delays and overcrowding at Majestic interchange led to arguments between passengers and Metro staff.  Source: Times […]