A recent report by global analytics firm FICO has highlighted the increasing threat of scams in India's real-time payments (RTP) ecosystem. According to the survey, over one-third (34%) of respondents have lost money to scams, paying for goods, services, or investments that were never delivered. The report further reveals that 60% of respondents have received messages from scammers, and 54% reported that friends or family members have been scammed. Despite fewer people reporting

Nvidia Loses Nearly $600 Billion as China's DeepSeek Shakes Tech Stocks This week, US chip-maker Nvidia led a downturn in tech stocks following the emergence of a low-cost Chinese generative AI model that could challenge American dominance in the growing AI industry. The chatbot developed by DeepSeek, a startup based in Hangzhou, China, has reportedly m

Samsung Unveils Galaxy S25 Series, but Online Reaction Falls Flat Samsung recently held its first Galaxy Unpacked event of 2025 on January 22 in San Jose, California, where it unveiled the Galaxy S25 lineup. The event showcased four devices: the Galaxy S25, S25 Plus, S25 Ultra, and S25 Edge. While these phones boast cutting-edge technology, the online response was less than enthusiastic, with many ex

With the Modi government set to present its second full budget for the third term in power, the middle and lower-income groups across India are hopeful for key reforms that could alleviate their financial burdens. The anticipated reforms in Budget 2025 include tax relief measures, simplification of income tax laws, and a focus on financial literacy, insurance, and retirement savings. Key Expectations from Budget 2025 Insurance Sector Reforms:

Retirement Planning: More Than Just Accumulating Wealth Retirement isn’t just about saving money, but ensuring it lasts through the years, considering inflation, medical expenses, and market fluctuations. A 2024 survey revealed that 68% of Indians aged 45-60 feel financially unprepared for retirement. The key to a secure retirement lies in managing investments wisely. The Reality of Retirement in India A large number of retirees

During a visit to SpaceX's Starbase facility in Texas on Friday, Elon Musk shared his optimistic view on the growing India-US trade relationship, stating that the bilateral ties are “trending positive.” Musk, a key player in both the automotive and technology sectors, expressed his support for lowering trade barriers between the two nations to foster increased commerce and

Up Network and DreamSmart have joined forces to introduce what they call the world’s first Web3-focused smart glasses, powered by artificial intelligence (AI) and Google’s Gemini AI. These groundbreaking smart glasses aim to revolutionize the way users interact with the world of Web3, cryptocurrency, and blockchain services. Expected to be released by Q1 2025, these smart glasses will allow users to engage in real-time contextual AI interactions and handle crypto-related tasks sea

Air Chief Marshal AP Singh has raised serious concerns about the ongoing delays in the delivery of the Tejas fighter aircraft, calling for an urgent boost in private sector partnerships for defence product development. Speaking at the 21st Subroto Mukherjee Seminar, Singh emphasized that R&D in defence becomes irrelevant if it doesn't meet its timelines, pointing out how the Tejas project, conceived in 1984, still faces delays. Despite its induction into the Indian Air Force in 2016,

White House Launches U.S. Cyber Trust Mark for Safer Smart Devices The White House has announced the rollout of the U.S. Cyber Trust Mark, a new cybersecurity safety label designed to help consumers identify secure internet-connected devices. The label will appear on smart products sold in the U.S. later this year, providing a clear indication of whether the devices meet recognized s

Alibaba’s Qwen research team has introduced a new experimental open-source AI model, the QVQ-72B, designed to handle both vision-based analysis and advanced reasoning tasks. The model combines the abilities of analyzing visual information from images and answering complex queries through reasoning-focused techniques. According to internal benchmarks, QVQ-72B surpassed OpenAI’s o1 model on the MathVista (mini) benchmark, scoring 71.4% compared to o1’s 71.0%. The mod

The Indian rupee weakened by 10 paise to a record low of 85.12 against the US dollar on Monday, marking a significant decline in its value. The domestic currency opened at 84.85, according to Bloomberg data, and had closed at 85.02 on Friday. This continued depreciation comes amid rising global pressures, including an increase in Brent crude prices, which rose 0.41% to $73.24 per barrel. The rise in crude prices was partly driven by easing concerns about a potential US government shutdown and

In a remarkable use of AI technology for wildlife conservation, a small herd of elephants, including two adults and a calf, was saved from a potential train collision in Odisha's Rourkela district. As the elephants approached the railway tracks, an AI-powered camera system, installed by the forest department, detected their movement and sent an immediate alert to the control room. The quick response from the control room led to the timely stopping of the oncoming train, preventi

Kerala Chief Minister Pinarayi Vijayan has criticized the Union Government for delaying financial assistance to Wayanad, which was severely affected by landslides in July. Nearly 400 people were killed in the disaster, and despite 100 days passing since Prime Minister Narendra Modi’s visit to the affected villages, the state has not received any financial aid for rehabilitation. The Centre has been swift in helping other disaster-hit states, but Kerala’s requests for aid have been

The Indian Rupee has depreciated to a record low of 84.61 against the US Dollar, marking a fresh setback for the currency. This comes after former US President Donald Trump's threat to impose a 100% tariff on BRICS nations if they fail to continue using the US Dollar. Trump's demand for a commitment from BRICS countries not to create a new currency or back alternatives to the dollar has put additional pressure on global markets, including the Indian Rupee. Along with this geopolitical

The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt. The strong growth in the first half was fueled by Adani Enterprises' solar and

Tech billionaire Elon Musk has reignited discussions about the possibility of ultra-fast intercontinental travel, stating that transporting passengers between major cities in under an hour could soon become a reality. Musk highlighted SpaceX’s ambitious “Earth-to-Earth” space travel project, which utilizes its powerful Starship rocket, as a stepping stone toward this groundbreaking innovation. Following Donald

Tesla Won’t Be Fully Electric Anymore: The Model Y May Adopt a Revolutionary Hybrid Technology The automotive industry is constantly evolving, experimenting with cutting-edge technologies to enhance efficiency, range, and sustainability. A groundbreaking development is shaking up the market: Obrist Powertrain, a Swiss-based innovator, has introduced a HyperHybrid engine using a Tesla Model Y as the prototype. This revolutionary technology combines the benefits

In a significant operation in Alluri Sitarama Raju district, the local police successfully identified and destroyed five acres of illegal ganja cultivation in Degalarayi village, located in the G Madugula mandal. The operation was carried out with the help of advanced drone technology, a cutting-edge tool now being increasingly utilized by law enforcement in Andhra Pradesh. The use of drones allowed the police to detect the illegal crop cultivation in the thick forested area of the

As part of its commitment to the NDA coalition's promises made prior to the elections, the central government is actively working to halt the disinvestment process of the Rashtriya Ispat Nigam Limited (RINL), commonly known as the Visakhapatnam Steel Plant. Under the leadership of Chief Minister Chandrababu Naidu, there are ongoing efforts to ensure the plant remains operational amid concerns over financial viability and raw material shortages. Recent reports indicate that the B

At the 'Swavlamban 2024' seminar, Indian Navy Chief Admiral Dinesh Kumar Tripathi was captivated by the 'Vajra Shot,' an innovative hand-held anti-drone gun developed by Big Bang Boom Solutions. This cutting-edge technology has the capability to detect drones up to a range of four kilometers and can disrupt their communication systems, making it a vital tool for modern defense strategies. Ravi Kumar, representing Big Bang Boom Solutions at the exhibition, stated, &qu