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Technology

Why Chinese involvement in financial frauds in India is alarming

Police said that around 40,000 confirmed victims have been identified who have been cheated of crores in two months. Almost Rs 4.75 crores of cheated money has been blocked in various accounts and more than Rs. 25 lakhs recovered in cash from the arrested Chinese nationals.

“The malicious app was also making millions of Indian users follow thousands of social media accounts of unknown origin and ownership, with huge potential of future misuse of this by a foreign entity,” said Anyesh Roy, DCP Crime Crime.

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Privacy fears as Indian city readies facial recognition to spot harassed women

While there is a growing backlash against facial recognition technology in the United States and in Europe, Indian officials have said it is needed to bolster a severely under-policed country, and to stop criminals and find missing children.

But digital rights activists say its use is problematic without a data protection law, and that it threatens the right to privacy, which was declared to be a fundamental right by the Supreme Court in a landmark ruling in 2017.

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Okinawa Autotech plans to invest Rs 150 crore to set up new manufacturing unit in Rajasthan

The company, which had recently launched B2B electric two-wheeler – Okinawa Dual, priced at Rs 58,998, targeting the delivery sector, expects sales from the segment to account for around 20 per cent of its total sales.

”We are coming up with a new facility and new products. The total investment in the next fiscal year will be around Rs 150 crore,” Okinawa Autotech Managing Director and Founder Jeetender Sharma told PTI.

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Crypto industry has ‘wind in its sails’, 8 companies eye public offerings

The IPO market has been red-hot since last fall as companies rushed to take advantage of the 70% surge in stocks since the March lows. Public debuts and blank-check companies have grown so popular that record after record fell. And first-day pops in share prices, a barometer of investor appetite for newly public firms, are among the biggest in decades.

It has all become too much to ignore for the crypto industry.
The IPO mania alone is enough to stoke bubble worries, but adding crypto to the mix after its record run is fueling concern that investors are setting themselves up for an especially painful comeuppance.

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Elon Musk targets telecom for next disruption with Starlink internet

Musk’s Space Exploration Technologies Corp. has launched more than 1,000 satellites for its Starlink internet service and is signing up early customers in the US, UK and Canada. SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services, demand in China and India — and rural customers such as Brian Rendel.

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Air quality panel ropes in top institutions; to use AI to improve air quality in Delhi-NCR

The Commission has entrusted the task to expert groups from institutions and think tanks like Indian Meteorological Department (IMD), IITM-Pune, The Energy and Resources Institute (TERI), IIT Delhi, NEERI and C-DAC Pune for framework development of air quality management DSS for Delhi.

The Air Quality Management Decision Support Tool (DST) integrates an emissions inventory development application and database; regional, local and source–receptor modelling; and Geographical Information System (GIS) based visualization tools in a software framework so as to build a robust system to formulate and implement source specific interventions to improve the air quality over targeted sectors of Delhi / NCR, the ministry said.

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42 pc girls allowed access to mobile phone for less than an hour a day: Survey

Most parents felt that a mobile phone is ”unsafe” and an ”unhealthy distraction” for an adolescent girl, the survey said. ”Even when families and adolescents can afford smartphones, computers or other digital devices, it is always the male family members’ usage of such devices that is prioritized,” the survey found.

Noting that financial affordability is a major cause for lack of access, the survey said 71 percent of the girls do not own a mobile phone because they cannot afford it. ”81 percent of families say they cannot afford one, while 79 percent do not have a computer at home,” it said.

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