Tag: company

Security Alert: Rapido Fixes That Compromised User and Driver Data

Manish Kumar

Rapido has announced that it has resolved a bug in its feedback form that had exposed sensitive data, including the names and phone numbers of thousands of users and drivers who were registered on the platform. A significant bug in Rapido, an Indian bike-taxi aggregator app has exposed sensitive personal data of thousands of users and drivers across the country. The leaked information included full names, phone numbers, and email addresses, which has raised serious privacy and security concerns. The Rapido data breach highlights the critical importance of robust data…

Hyundai India to Strengthen EV Infrastructure with 600 Fast Chargers by 2031

Manish Kumar

The new Hyundai EV charging station will assist EV buyers who are hesitant to take long trips on highways. The company plans to set up 50 of these new charging stations in 2024. Hyundai Motor India plans to install around 600 electric vehicle (EV) fast charging stations across the country over the next seven years. By the end of December 2024, they aim to have about 50 of these charging stations up and running. Jae Wan Ryu, a senior official at Hyundai, noted that the EV market is expected to…

MicroStrategy’s $42B Bitcoin Strategy: A Major Triumph for MSTR?

Manish Kumar

MicroStrategy, under CEO Michael Saylor, has committed to acquiring Bitcoin as a primary treasury reserve asset. The company has implemented a strategy of continuously purchasing Bitcoin, viewing it as a hedge against inflation and a way to preserve capital over the long term.   MicroStrategy aims to leverage its Bitcoin holdings to enhance its balance sheet and overall corporate strategy. This includes using Bitcoin for various operational purposes and exploring ways to integrate blockchain technology into its existing software solutions.   Michael Saylor’s MicroStrategy has set an ambitious goal to…

Boeing to Lay Off 17,000 Workers, Posts $5 Billion Loss Amid Strike

Manish Kumar

Aerospace giant announces significant layoffs and a major financial loss following a prolonged labor dispute. The company faced disruptions in production and escalating operational costs due to labor strikes, which impacted their ability to meet contractual deadlines. An aerospace giant has announced that it will lay off 10% of its global workforce and delay the first deliveries of its 777X jet by a year. This decision comes as the company faces $5 billion in losses for the third quarter, largely due to the impact of a month-long strike by 33,000 U.S.…