Tag: financial fraud
Infosys Launches AI and Cybersecurity Centre in Hubballi
Infosys has launched a new Centre for Advanced AI, Cybersecurity, and Space Technology in Hubballi, Karnataka, marking a strategic step in the company's decentralised expansion across tier-2 cities. The facility is part of Infosys Living Labs and aims to serve as both a client delivery unit and a hub for applied research and academic collaboration. Expanding innovation capacity beyond metros
The Hubballi centre reinforces Infosys’ strategy...
Meta Secures $29B for AI Data Centre Push
Meta has selected investment firms PIMCO and Blue Owl Capital to spearhead a $29 billion funding deal aimed at expanding its AI-focused data centre footprint in the United States. The financing will support major infrastructure projects in rural Louisiana and forms part of the company’s larger AI co-development strategy. $26B debt from PIMCO, $3B equity from Blue Owl
According to a source familiar with the matter,...
India Lost ₹22,812 Crore to Cyber Fraud in 2024
India recorded an alarming ₹22,812 crore in losses due to cyber fraud in 2024, according to a new report titled The State of AI-Powered...
India Launches e-Zero FIR for Cybercrime Cases
In a decisive move to enhance India’s cybercrime response, the Ministry of Home Affairs (MHA) has launched a pilot version of the e-Zero FIR...
Aviva India Fined $7.5M for Tax Evasion
Aviva India, the local arm of the British insurance giant, has been hit with a $7.5 million penalty after tax authorities uncovered fraudulent tax...
RBI Launches ‘Bank.in’ Domain for Indian Banks
The Reserve Bank of India (RBI) has introduced an exclusive ‘.bank.in’ internet domain for Indian banks as part of measures to enhance digital security....
