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According to a study by Check Point Research, the latest versions Facebook, Instagram, and WeChat hosted on Google Play may contain known security vulnerabilities that could leave users exposed to attacks. Check Point claims that it did a cross-examination of the latest versions of such high-profile mobile applications for three known remote control execution (RCE) vulnerabilities dating from 2014, 2015 and 2016. The security software firm said that it found vulnerable code, which was claimed to be patched, present in the latest versions of the applications.   The research proves…

PayPal has announced to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. PayPal wants to add Honey’s technology to its own product line, expanding its reach to PayPal’s 300 million users. Along with this, PayPal’s network of 24 million merchant partners will gain the ability to offer targeted and more personalized promotions to consumers as a means of…

Amit Mitra, Bengal Finance Minister has claimed for the GST compensation and the argument over GST compensation continued between the Centre and the State governments. Amit Mitra points out that the dues owed to the States and three Union Territories with Legislative Assemblies total about ₹40,000 crore. The GST Act provides that States and UTs with Assemblies are guaranteed compensation if the GST revenue growth is less than 14 per cent. The amount is paid bi-monthly. This year, States and three UTs were paid ₹28,000 crore for the June-July period.…

The Reserve Bank of India has taken control over the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, citing ‘governance concerns and payment defaults’. It will soon start insolvency proceedings against the non-banking finance company (NBFC). R. Subramaniakumar, a former managing director and chief executive of Indian Overseas Bank, was named as the administrator for DHFL. With this, DHFL is set to become the first non-bank lender to be referred to the National Company Law Tribunal (NCLT) under new rules notified by the…

Telecom Minister Ravi Shankar Prasad said in the Lok Sabha on Wednesday that the government would take every possible step to revive debt-laden telecom operator BSNL Ltd. The government in October had announced a revival package that included the merger of Mahanagar Telephone Nigam Ltd (MTNL) with BSNL. Until the proposed merger, MTNL will operate as a subsidiary of BSNL. Besides the merger, the revival package also included raising sovereign bonds worth ₹15,000 crore, monetizing assets amounting to ₹38,000 crore, and a voluntary retirement scheme (VRS) for employees. BSNL employs…

In an operation conducted by West Delhi Police, a call centre operating out of a house in Moti Nagar was raided and its 32 employees were arrested on charges of threatening and extorting money from Canadian nationals by impersonating the local police. The call centre was busted after intelligence agencies and the cops got a whiff after a complaint was filed by a Canadian national named Elvis Henry who was duped of $13,500. The owners are however absconding and those arrested include the floor supervisors and young employees who are…

According to news reports, HP Inc. has rejected a roughly $33.5 billion takeover offer from Xerox. The Palo Alto company confirms that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine. HP, which makes computers and printers, has said it recognizes the potential benefits of consolidation and remains open to exploring other options to combine with Xerox Holdings Corp. Both companies face difficulties as the demand for printed documents and ink has waned. Earlier this month, Xerox offered…

RailTel, the Indian government-owned broadband and VPN services enterprise has planned to issue an Initial Public Offering that is aimed at raising Rs 300 crore ( ($42 million). The government wishes to cede a 25% stake in the company in exchange for the money that will largely go towards scaling the operations of the company. RailTel is searching for an advertising partner who will oversee its entire IPO process and hopefully start trading in January 2020. The window for opportunity to partner with the firm closes on 28 Nov and…

Reliance Foundation, the philanthropic arm of Reliance Industries Limited (RIL), announced on its Recycle4Life campaign, volunteers have collected over 78 tons of waste plastic bottles for recycling. This record-setting collection drive was made possible by mobilizing over three lac employees, their family members and partners of RIL and its allied businesses like Jio and Reliance Retail across their several locations in India. Employees, families and partners of Reliance Industries Limited came together and collected 39,00,000 (78 tons) of plastic waste have broken the earlier record of Costa Rica which had…

India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF). It is expected to be one of the top three economic powers of the world over the next 10-15 years, backed by its strong democracy and partnerships. India’s GDP is estimated to have increased 6.6 per cent in 2017-18 and is expected to grow 7.3 per cent in 2018-19. India has retained its position as the third largest start-up base in the world with over 4,750…