Fake News Reports Of An Azim Premji Investment Are Being Used To Lure Subscribers To A Dubious Startup

Fake News Reports Of An Azim Premji Investment Are Being Used To Lure Subscribers To A Dubious Startup

If fake news stories can be used to win elections, they can also be used to part gullible people with their hard-earned money. Over the last few days, hundreds of Indians have been seeing an interesting a news story on their Facebook feed. “Azim Premji Invests $515 million In Tech Startup,” says the headline, which seemingly leads to the CNN Money site. “Famous Indian billionaire – Azim Premji with a cult-like following has invested enormous amount – $515,000,000…

Ola Has Just Opened The First Charging Station For Its Electric Vehicles Fleet In Nagpur

Ola Has Just Opened The First Charging Station For Its Electric Vehicles Fleet In Nagpur

Tesla might’ve declared that it’ll face delays in entering the Indian market, but a homegrown company has already managed to launch a fleet of electric vehicles in the country. Nagpur has just become home to Ola’s first electric charging station in India. The station will power 200 Ola cars, rickshaws and buses, all of which will run on electricity. These 200 vehicles are owned by Ola, and the company will build four charging stations around the city to…

Driver-Owned Cab Aggregator Sewa Cab Begins Operations With A Cheeky Dig at Uber And Ola

Driver-Owned Cab Aggregator Sewa Cab Begins Operations With A Cheeky Dig at Uber And Ola

Delhi’s cab drivers have finally launched their own aggregator service, and they’ve started off by taking potshots at their former employers. “Cheaper than Ula-Ober,” proclaims a promotional poster for Sewa Cab, which began operations on 19th May. Sewa Cab had been conceived of during the driver strikes which had spread across the country earlier this year. Uber and Ola drivers had been protesting the decrease in their bonuses and incentives, and had been attempting to get…

A Six-Year-Old Indian Startup Has Quietly Entered The Unicorn Club, And Is Already Worth $2 Billion

A Six-Year-Old Indian Startup Has Quietly Entered The Unicorn Club, And Is Already Worth $2 Billion

It hasn’t been a good few months for Indian unicorns. Flipkart has seen its value fall from $15 billion to 11 billion, Ola has seen its value fall from $5 billion to $3 billion, and Snapdeal is on the verge of being sold at a sub-billion dollar valuation after seeing a sixfold drop in its value. But away from the doom and gloom of the consumer internet space, the Indian unicorn club has a new member. ReNew…

How One Developer’s Carelessness, And A Hack Of A Completely Unrelated Website Led To The Zomato Hack

How One Developer’s Carelessness, And A Hack Of A Completely Unrelated Website Led To The Zomato Hack

A butterfly flaps its wings somewhere in the universe, and two years later, 17 million Zomato passwords and emails are stolen. On 28th October 2015, the developers at 000webhost, a free hosting provider, discovered that something was amiss. Hackers had managed to use a PHP exploit to gain access to their database, and steal the email addresses and passwords of their 13 million users. 000webhost’s team immediately sprung into action, they reset everyone’s passwords. By 1st November 2015,…

Here’s How The New Paytm Payments Bank Compares To Airtel’s Payments Bank

Here’s How The New Paytm Payments Bank Compares To Airtel’s Payments Bank

After several delays, and much back-and-forth, Paytm has finally launched its own Payments Bank. Paytm now has the third payments bank in the country, after Airtel’s Payment Bank and the government-run India Post Payments Bank. Paytm’s Payment Bank will help catapult the company from being a mere wallet provider to a more established player in the payments space – after its launch, Paytm can launch its own RuPay debit cards, cheque books, and even provide an…

Two Of India’s Youngest Billionaires Are Now Pitted Head-on In An Unlikely Sector — Food Coupons

Two Of India’s Youngest Billionaires Are Now Pitted Head-on In An Unlikely Sector — Food Coupons

India’s battle of billionaires is playing out in its food vouchers space. Just last month, Vijay Shekhar Sharma’s Paytm had launched its own food wallet, through which it planned to digitize the food coupons industry. Companies could transfer food coupons digitally into their employees’ wallets, who could then use them at outlets where Paytm was accepted. Paytm’s entry into the space was a clear threat to Sodexo, which with its physical coupons, was the current market leader….

Foodpanda Attempts To Cash In On Zomato Hack, Gets Roasted Instead

Foodpanda Attempts To Cash In On Zomato Hack, Gets Roasted Instead

Foodpanda attempted to rub salt into Zomato’s wounds after its recent hack, but things didn’t quite go as planned. Last week, Zomato had revealed that 17 million users accounts from its site had been stolen. The news had created quite a hubbub — Zomato had sought to assure its users that their credit card information was safe, while technical folks speculated on how the attack had taken place. Amidst all this, Zomato Chief Technocrat Gunjan Patidar…

Uber Has Now Started Charging Fares Based On How Much It Thinks Particular Passengers Can Afford

Uber Has Now Started Charging Fares Based On How Much It Thinks Particular Passengers Can Afford

Uber has already brought about a revolution in way taxi rides are priced. Before it had been founded, taxi rides cost a simple multiple of the distance travelled; Uber sought to upend this system by bringing about demand and supply into the equation. Uber started charging surge prices in areas where taxis were scarce, and dropped prices when they were more plentiful. But now, the company is looking to extend its differential pricing in a radical new…

Researchers Have Managed To Crack “Over Half” Of Zomato’s Stolen Passwords, Say Its Security Was Outdated

Researchers Have Managed To Crack “Over Half” Of Zomato’s Stolen Passwords, Say Its Security Was Outdated

Zomato has sought to assure users that their passwords is safe after being stolen from their database yesterday, but new reports are now questioning their claims. Zomato’s a fairly well-known brand across the world, so its hack has attracted the attention of the world media. Among the publications that were tracking the developments was Vice. Vice reporters downloaded the sample that was available on the Dark Web, and with relatively little effort, were able to crack…

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