Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley

India’s finance minister said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the US government that Prime Minister Narendra Modi was using nationalism to promote a local rival. Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI), which allows swift inter-bank…

Google Urged to Scrub Personal Details From Toronto Digital City

Alphabet’s digital city on Toronto’s waterfront is in danger of becoming surveillance city unless data is stripped of personal details from the get go, according to one of the world’s leading privacy experts. Ann Cavoukian will meet with Waterfront Toronto, the government organization overseeing the project, this week to seek a commitment that information collected will…

Web Creator Berners-Lee Launches Contract for Better Internet

Tim Berners-Lee, inventor of the World Wide Web, has launched a campaign to persuade governments, companies and individuals to sign a “Contract for the Web” set of principles designed to defend a free and open Internet. Berners-Lee, who hatched the Web in 1989, said a sense of optimism about the Internet had been damaged by abuses…

Carl Icahn Commences Litigation Against Dell Technologies

Billionaire activist investor Carl Icahn sued Dell Technologies, claiming the company has refused to provide basic information about its proposed plan to return to public markets by buying up shares of DVMT. The complaint filed Wednesday in Delaware Chancery court seeks judge’s order requiring Dell to allow Icahn to inspect and copy its books and records. Icahn also…

Foodpanda Says It Has Expanded to 50 Indian Cities, Eyes 100 Within a Month

Food delivery platform Foodpanda on Thursday announced the expansion of its services to 30 more Indian cities, taking its presence to 50 cities across the country. It aims to be present in 100 cities soon. “Foodpanda’s delivery network is now active in cities of Gujarat, Madhya Pradesh, Maharashtra, Punjab, Rajasthan and Uttar Pradesh like Amritsar, Aurangabad, Allahabad,…

Israeli Computer Vision Company EyeSight Raises $15 Million

Israeli computer vision firm EyeSight said on Tuesday it raised $15 million (roughly Rs. 110 crores) in a funding round led by Hong Kong-based Jebsen Capital, Arie Capital and Mizrahi-Tefahot Bank, bringing its total raised to date to $50 million (roughly Rs. 365 crores). EyeSight said its artificial intelligence computer vision system monitors a driver’s…

Yahoo to Pay $50 Million, Other Costs for Massive Security Breach

Yahoo has agreed to pay $50 million (roughly Rs. 366 crores) in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history. The restitution hinges on federal court approval of a settlement filed late Monday…

YouTube Miniplayer Button Now Rolling Out to All Desktop Users

YouTube is now rolling out the Miniplayer button for all desktop users across the globe. This button essentially will allow users to collapse a video into a smaller window at the bottom of the screen and allow the user to browse through YouTube simultaneously. This small video player will come with pause, seek, play, and next…