Xiaomi’s Allegations of Coercion Baseless, Enforcement Directorate Says

Xiaomi’s Allegations of Coercion Baseless, Enforcement Directorate Says

The Enforcement Directorate on Saturday rejected as “baseless” the allegations that the statements of Xiaomi India officials, the wholly-owned subsidiary of Chinese mobile manufacturing company Xiaomi, were recorded “under coercion”, saying the charges were an afterthought. The federal agency was responding to certain news reports that said Xiaomi alleged in…

Nvidia to Pay $5.5-Million SEC Penalty for ‘Inadequate Disclosures’ About Cryptomining

Nvidia to Pay $5.5-Million SEC Penalty for ‘Inadequate Disclosures’ About Cryptomining

Nvidia Corporation has agreed to pay $5.5 million (roughly Rs. 42 crore) to settle civil charges that the technology firm did not properly disclose the impact of cryptomining on its gaming business, the US Securities and Exchange Commission (SEC) said on Friday. In back-to-back quarters in fiscal 2018, Nvidia failed…

Xiaomi Said to Accuse Enforcement Directorate of ‘Physical Violence’ Threats During Probe

Xiaomi Said to Accuse Enforcement Directorate of ‘Physical Violence’ Threats During Probe

Chinese smartphone maker Xiaomi has alleged its top executives faced threats of “physical violence” and coercion during questioning by India’s financial crime fighting agency, according to a court filing seen by Reuters. Officials from the Enforcement Directorate warned the company’s former India managing director, Manu Kumar Jain, current Chief Financial…

Facebook Accused of Blocking Australian Health Sites by Whistleblower Group

Facebook Accused of Blocking Australian Health Sites by Whistleblower Group

A whistleblower group is accusing Facebook of deliberately blocking websites for Australian hospitals and emergency services as part of a negotiating tactic last year. The social network owned by Silicon Valley tech giant Meta was lobbying to weaken a proposed law requiring it to pay news providers in Australia when…

Reliance Jio Reports 10.9 Million Reduction in Customer Base in Last Quarter, While ARPU Rose

Reliance Jio Reports 10.9 Million Reduction in Customer Base in Last Quarter, While ARPU Rose

India’s largest telecom operator Reliance Jio on Friday posted an about 24 percent jump in standalone net profit at Rs. 4,173 crore for the fourth quarter ended March 2022, amid better realisation per user aided by tariff hike, better subscriber mix and FTTH services ramp-up. The standalone revenue from operations…

AGCO Ransomware Attack Disrupts Tractor Sales During US Planting Season

AGCO Ransomware Attack Disrupts Tractor Sales During US Planting Season

US agricultural equipment maker AGCO said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season. Georgia-based AGCO said in a statement it expects operations at some facilities to be affected for “several…

Global Tech Industry Body Seeks Revision in India’s Directive on Reporting of Cybersecurity Breach

Global Tech Industry Body Seeks Revision in India’s Directive on Reporting of Cybersecurity Breach

US-based technology industry body ITI, having global tech firms such as Google, Facebook, IBM and Cisco as its members, has sought a revision in the Indian government’s directive on reporting of cyber security breach incidents. ITI said that the provisions under the new mandate may adversely impact organisations and undermine…