VARINDIA IT MAGAZINE

Is Ingram Micro up for sale again? : Ingram Micro is apparently going under a new ownership. If reports are to be believed, parent company, HNA Group is in preliminary talks to sell the world’s largest technology distributor. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Is Apple launching 'Made in India' iPhones? : Foxconn will start assembling some of the more recent iPhone X series devices at its plant in Sriperumbudur near Chennai, in southern India. Since Foxconn is currently producing the Xiaomi phones at this factory, the company is planning a new $356 million iPhone production that will create about 25,000 jobs. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Alibaba can't ship its goods as gifts to India : The government has issued an order that shipments from Chinese e-commerce platforms like Alibaba can’t be shipped to India as gifts from now on. The government ordered a clampdown in order to check for goods allegedly sent to India under the guise of gifts. The move by customs department is expected to tighten the noose on e-commerce platforms that often exploit the loopholes existing in laws and regulations. Officials point out the clampdown will also have an impact on illegal food products and spurious cosmetics being smuggled into India. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Syndicate Bank MD Mrutyunjay Mahapatra, one of the six SBI deputy MDs chosen by the Centre to head nationalized banks, has drawn up a multi-pronged plan to improve advances, clean up bad loans and grow fee income. The government has decided to tap SBI with the object of bringing some of the best practices of the country’s largest bank into smaller nationalized banks. To improve Syndicate Bank’s tier I capital adequacy ratio well over the 6.7% prescribed by the regulator, on January 7 Syndicate Bank’s committee of directors will meet to approve raising Rs 500 crore by issuing equity shares to eligible staff members under an Employee Stock Purchase Scheme. This capital-raising exercise comes on the back of the government investing Rs 2,460 crore in two tranches. After a career in SBI, Mahapatra has taken charge in September 2018. According to him the business plan is to build even as they are repairing. The uniqueness is that while the government mandate is to refer loans

Cloudera clinches its merger deal with Hortonworks : Cloudera has announced completion of its merger with Hortonworks. Cloudera will deliver the first enterprise data cloud – unlocking the power of any data, running in any cloud from the Edge to AI, on a 100% open-source data platform. An enterprise data cloud supports both hybrid and multi-cloud deployments, providing enterprises with the flexibility to perform machine learning and analytics with their data, their way, with no lock-in. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Using Intel AI to Stop Poachers and Protect Endangered Animals : RESOLVE’s* new TrailGuard AI* camera uses Intel-powered artificial intelligence (AI) technology to detect poachers entering Africa’s wildlife reserves and alert park rangers in near real-time so poachers can be stopped before killing endangered animals. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

The Cyber Fraud Accumulated in Indian Banking Sectors Abruptly, Whopping down an amount of US$13.7 Million - RBI : After the demonetization the digital transactions have been enforced to people everywhere. The base extension for the fraud transaction was evolved with a mouse click, increasing the scope of liabilities. The latest threat to come to light is the presence of fake banking apps on the Google Play store that may have compromised the data of nearly 160,000 people, Global IT security company Sophos Labs said on Oct. 22. The bogus apps of several Indian lenders made their way to the Google Play store in the last few months. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE