Tag: financial security

Sarvam AI Startup Programme Fuels Indic AI Builders

Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...

Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze

Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
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Retired Banker Loses ₹4.75 Cr in Forex Scam

In one of the most high-value cyber frauds reported in Ludhiana this year, a retired banker was defrauded of ₹4.75 crore in a sophisticated...

CSCRF Mandates SOC, Data Localization for Financial Firms

The Securities and Exchange Board of India (SEBI) introduced the Cybersecurity and Cyber Resilience Framework (CSCRF) in March 2024, marking a significant shift in...

CBI Seizes ₹1.08 Cr in Crypto Fraud Crackdown

In a major crackdown on cyber fraud, the Central Bureau of Investigation (CBI) has seized ₹1.08 crore in cash, foreign currency, and 252 grams...