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Ola Electric Mobilitys Shares Surge 10% on Strong Trading Debut

On its first day of trading, Ola Electric Mobilitys shares shot up 10%, valuing the firm at ₹369.45 billion $4.4 billion. With $1.8 billion in bids,

On its first day of trading, Ola Electric Mobilitys shares shot up 10%, valuing the firm at ₹369.45 billion $4.4 billion. With $1.8 billion in bids, the electric car manufacturers $734 million IPO—the biggest in India for 2024—was wellreceived. Even though Ola has a 39% market share and has increased revenues by 90% in India, the company has not yet declared a profit. The business intends to spend roughly $660 million in revenues from the Initial Public Offering IPO for R&D and establishing a battery cell manufacturing facility. By the beginning of 2025, Ola hopes to manufacture its battery cells to increase affordability and profitability. Read More..

B2B Tech News | 1 months ago          

Researchers Discover Phishing Attack Leveraging Google Drawings for Fake Amazon Login Pages

Researchers have discovered a phishing attempt that uses abbreviated URLs created by WhatsApp and Google Drawings to avoid detection. The first step i

Researchers have discovered a phishing attempt that uses abbreviated URLs created by WhatsApp and Google Drawings to avoid detection. The first step in the assault is a phishing email that poses as an Amazon verification link and directs recipients to a Google Drawings image. By using trusted services, this technique gets over security filters. Links in the image direct viewers to a phoney Amazon login page—a site created to obtain login credentials and private data—via URL shorteners. Victims are sent to an authentic Amazon login page once their information has been obtained. Researchers have also found a weakness in Microsoft 365s antiphishing defences users are more vulnerable to phishing attempts when security warnings are hidden using CSS tactics. Microsoft has not yet resolved this problem. Read More..

B2B Tech News | 1 months ago          

GhostWrite Vulnerability in THead RISCV CPUs Allows Full Device Takeover

According to research from the CISPA Helmholtz Centre, tHead Semiconductor, an Alibaba subsidiary, has RISCV processors that have serious security vul

According to research from the CISPA Helmholtz Centre, tHead Semiconductor, an Alibaba subsidiary, has RISCV processors that have serious security vulnerabilities. GhostWrite, the most severe vulnerability, impacts specific CPU cores, giving malicious apps the ability to read, write, and execute arbitrary code with elevated privileges, thus seizing complete control of the device. Memory protection techniques are circumvented by this vulnerability caused by flawed instructions in the CPUs vector extension. Performance will be significantly impacted, but the only solution is to turn off the vector extension. To stop such vulnerabilities from being exploited, our findings—which will be presented at the Black Hat conference—highlight the necessity of improved security measures in RISCV installation. Read More..

B2B Tech News | 1 months ago          

CERTIn Warns Android Users of Critical Vulnerabilities in Qualcomm and MediaTek Devices

Concerning smartphones with Qualcomm and MediaTek chipsets, the Indian Computer Emergency Response Team CERTIn has alerted Android users about "highri

Concerning smartphones with Qualcomm and MediaTek chipsets, the Indian Computer Emergency Response Team CERTIn has alerted Android users about "highrisk" vulnerabilities impacting Android versions 12, 12L, 13, and 14. These flaws, which may be found in the kernel, system, framework, and other components, might provide attackers with elevated privileges and access to private data. The Framework components most serious issue creates a possibility of privilege escalation. It is suggested that users allow autoupdates and update their devices to the most recent version of Android. A severe warning involving many vulnerabilities that might result in data breaches, unauthorised code execution, security bypasses, denialofservice attacks, and spoofing has also been released by CERTIn for users of Apple products. Users must ensure the newest software updates are installed on their Apple devices. Read More..

B2B Tech News | 1 months ago          

Altair and LTTS Launch Digital Twin Center of Excellence to Drive AIPowered Engineering

A Digital Twin Centre of Excellence CoE has been formed by Altair and L&T Technology Services LTTS to expedite digital transformation in industries su

A Digital Twin Centre of Excellence CoE has been formed by Altair and L&T Technology Services LTTS to expedite digital transformation in industries such as sustainability, transportation, and high tech. The CoE will concentrate on AIpowered engineering, innovation laboratories, predictive maintenance, quick product creation, and practical training to improve innovation and efficiency for clients worldwide. While LTTSs Abhishek Sinha emphasised the partnerships significance in revolutionising digital twin technology, Altair COO Stephanie Buckner underlined the initiatives potential to assist organisations in staying ahead of technological trends and bring better products to market faster. With a wealth of expertise in digital twin applications, LTTS has previously made use of Altairs solutions for various use cases to revolutionise the industry and drive technological improvements in digital twins. Read More..

B2B Tech News | 1 months ago          

Nokia and Swisscom Introduce "DronesasaService" to Enhance Swiss Infrastructure Inspections

On Thursday, Nokia and Swisscom announced their partnership to use 300 drones to improve infrastructure inspection and emergency response throughout S

On Thursday, Nokia and Swisscom announced their partnership to use 300 drones to improve infrastructure inspection and emergency response throughout Switzerland. Clients, including public safety organisations, can request drone flights using this "DronesasaService" DaaS model without owning or operating the drones themselves. Drones of this type may be used to remotely examine electricity lines, solar panels, and oil and gas infrastructure and to gather data for Swiss public safety authorities such as police and fire departments. The corporations will comply with aviation, spectrum, and data security standards despite safety, noise, and monitoring worries. There is a $32 billion to $35 billion market valuation for industrial drones worldwide. Read More..

B2B Tech News | 1 months ago          

SMIC Reports 59% Drop in Q2 Net Profit but Beats Analyst Expectations

Even though its secondquarter net profit of $164.6 million was less than analysts projections of $103.8 million, Semiconductor Manufacturing Internati

Even though its secondquarter net profit of $164.6 million was less than analysts projections of $103.8 million, Semiconductor Manufacturing International Corp. SMIC recorded a 59.1% fall in net profit. Revenue exceeded estimates by 21.8% for the quarter to $1.9 billion. Following a decline that started in late 2022, the data point to a comeback in the global semiconductor market. The Chinese market saw notable growth in the second quarters 18.3% increase in worldwide semiconductor sales to $149.9 billion. SMIC has garnered recognition for its contribution to creating a chip that is present in a Huawei smartphone, even if its primary concentration is still on lowend processors for simpler devices. Yet, unlike competitors like TSMC, its ability to manufacture cuttingedge processors is constrained. Read More..

B2B Tech News | 1 months ago          

Egyptian Pound Falls to 49.16 per Dollar Amid Economic Turmoil

Amid soaring metro tickets and gasoline prices, the Egyptian pound has drastically devalued, surpassing 50 per US dollar. After fluctuating between 47

Amid soaring metro tickets and gasoline prices, the Egyptian pound has drastically devalued, surpassing 50 per US dollar. After fluctuating between 47 and 48 per dollar early this year, the currencys value on Tuesday was 49.16 per dollar, indicating a substantial decrease. This decline comes after an IMF assessment in which Egypt was allowed to take out $820 million from a $8 billion rescue program meant to stabilise its economy. Egypt has been struggling with rising inflation, shortages of foreign currency, and instability brought on by strikes by Yemens Houthi rebels. Recent actions of IMFmandated economic reforms include a 10% rise in gasoline prices and increased Cairo Metro charges. Read More..

B2B Tech News | 1 months ago          



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