Author: Ansh Singh

New Delhi: Bharti Airtel has refused claims of a data breach following reports that the personal information of 375 million customers was allegedly being sold on the dark web. The telecom giant dismissed these allegations, describing them as an attempt to damage the company’s reputation. An Airtel spokesperson informed Moneycontrol that an exhaustive investigation had confirmed no breach of Airtel’s systems. The reports had suggested that the compromised data included phone numbers, email addresses, residential addresses, and Aadhaar numbers. These reports also mentioned a threat actor named ‘xenZen’ who allegedly listed the database for sale on a dark web forum,…

New Delhi: On July 4, shares of Mazagon Dock Shipbuilders Ltd. jumped more than 20 percent, reaching a new high of Rs 5621 on the National Stock Exchange (NSE). This increase pushed the company’s market value over Rs 1 lakh crore. Shipping companies like Cochin Shipyard and Mazagon Dock saw their shares rise up to 10% and 20% respectively. These public sector units (PSUs) have been rallying recently as investors expect positive news from the upcoming Budget 2024. Veteran investor Raamdeo Agrawal pointed out that even with the recent rise, PSUs are still trading at low price-to-earnings (PE) ratios. The…

New Delhi: Meta’s Threads has reached over 175 million monthly active users as it nears its first anniversary. Mark Zuckerberg announced this milestone on Wednesday. In April, Threads had 150 million users, up from 130 million in February. Threads launched on July 3, 2023, offering an alternative to X (formerly Twitter) after Elon Musk made major changes to X. Musk recently said that X has 600 million monthly active users, with half using it daily, but he didn’t say if this includes automated accounts or spam bots. Meta shared that most users on Threads post text rather than images, with…

New Delhi: Koo, the Indian social media platform designed to compete with Twitter, is closing its doors. Founders Aprameya Radhakrishna and Mayank Bidawatka announced the shutdown, attributing it to unsuccessful partnership negotiations and the high costs associated with technology maintenance. The company began significant layoffs in April 2023. At its height, Koo boasted approximately 2.1 million daily active users and 10 million monthly users, including over 9,000 VIPs. Despite these impressive figures, financial challenges and an extended period of funding shortages forced the platform to scale back. The founders pointed to the unpredictable capital market and steep technology costs as…

New Delhi: India has been at the forefront of Web3 innovation and user protection has been the epicentre of product strategy at Bitget. The company has confirmed it is actively working towards becoming a regulated crypto exchange in India. With an increasing interest and adoption, India’s crypto market has shown significant growth. Bitget has confirmed it is in active discussions with the Financial Intelligence Unit (FIU) for further licensing in India. The company remains optimistic about serving this key market. Simran Alphonso, Head of Global Communications at Bitget, emphasised Bitget’s proactive approach to compliance and reassured users about the safety of…

New Delhi: Kotak Mahindra Bank shares fell by up to 2%, reaching a low of Rs 1,768 on the BSE, after Hindenburg Research made serious claims against the bank. The US-based activist investor said that Kotak Mahindra Bank set up an offshore fund to bet against Adani stocks. Hindenburg also pointed fingers at Uday Kotak, the bank’s founder, who led SEBI’s 2017 Committee on Corporate Governance. According to Hindenburg Research, Kotak Mahindra Bank created and managed an offshore fund to short Adani stocks, causing the bank’s shares to drop. The situation got worse when Hindenburg made public a show-cause notice,…

New Delhi: Amazon has hired key founders from the AI startup Adept, which develops AI “agents” to perform tasks in various software applications. Geekwire’s Taylor Soper first reported this news. As per the report, Adept co-founder and CEO David Luan, along with co-founders Augustus Odena, Maxwell Nye, Erich Elsen, Kelsey Szot, and other employees, will join Amazon. Despite this, Adept will remain operational. Zach Brock, previously head of engineering, will become the new CEO as Adept shifts its focus to “solutions that enable agentic AI.” In a blog post, Adept mentioned that their products would still use their existing in-house…

Increasing employee strength by 200 for its integrated Contact Center and Print – to – Post Facility. New Delhi: Mumbai-based, Mobicule Technologies Pvt. Ltd., a frontrunner in Phygital Debt Resolution and customer onboarding, proudly announces its strategic expansion in the South India market, marking a significant step towards enhancing its presence and capabilities in the Phygital Debt Resolution sector. This expansion is highlighted by the establishment of an integrated Phygital Contact Center  in Bengaluru and print-to-post facility in Chennai, designed to drive growth and improve service delivery in the region. Following the successful launch of its Phygital Contact Centre and…

New Delhi: SEBI Chairperson Madhabi Puri Buch said she is open to removing certain derivative products amid regulatory concernsemoving certain derivative products from the market if experts recommend it. Buch pointed out that trading in weekly options is highly speculative and that the market understands the regulatory risks involved. At a press conference after a Sebi Board meeting, Buch discussed concerns in the F&O segment, especially the speculative trading in weekly options and on expiry days. She stressed the importance of protecting investors, mentioning instances where people borrowed money for speculative trading and suffered big losses, even losing their homes.…

New Delhi:  BharatLoan, the leading full-service digital lender in India, today announced its ambitious plan to grow its customer base from 20 lakh to over 2 crore by 2026, while maintaining a 90% customer retention rate. Founded in February 2023 and headquartered in Okhla, BharatLoan has quickly established itself as a disruptive force in India’s financial landscape. The company’s 100% digital loan experience has already garnered over 1 million app downloads, making it the fastest NBFC to reach this milestone. This rapid adoption underscores the pressing need for accessible, innovative financial solutions in the market. Amit Bansal, Founder of BharatLoan, elaborated on…