MUMBAI: Amazon is leading a $12-million funding round in online-only insurance startup Acko General Insurance, as the e-commerce major takes a bet on the financial services segment in India. Ashish Dhawan, the founder of private equity fund ChrysCapital, has also joined the latest round, along with existing investor N R Narayana Murthy’s Catamaran Ventures.

Digital payments company Paytm today said it does not share data of its users with any third-party or government. “We never share your (user) data with anyone: any company/ any government or any country. At Paytm, your data is yours. Not ours, or of a third party, or of the government,” Paytm said in a blogpsot today. It added that its policy allows only legally-compliant data requests from the law of the land to get access to data for necessary investigations.

After Facebook announced its own tool to detect bias in an algorithm earlier this month, a new report suggests that Microsoft is also building a tool to automate the identification of bias in a range of different Artificial Intelligence (AI) algorithms.

The Microsoft tool has the potential to help businesses make use of AI without inadvertently discriminating against certain groups of people, MIT Technology Review reported on Friday.

Withing hours of the European Union's (EU) General Data Protection Regulation (GDPR) taking effect on Friday, technology giants Google and Facebook have been hit with privacy complaints that could carry fines of up to $9.3 billion in total, a media report said.

With regard to privacy, Google, Facebook and Facebook-owned WhatsApp and Instagram are forcing people to adopt a "take it or leave it" approach which essentially amounts to demanding that users submit to intrusive terms of service, according to the the Austrian privacy-advocacy group Noyb.eu, CNET reported on Friday.

Mumbai: Shares of Tata Consultancy Services on Friday attained a milestone when its market valuation briefly crossed the Rs 7-lakh crore mark. The country's largest IT services company becomes the first listed firm to achieve this level.

During intra-day trades, the market valuation of TCS rose to Rs 7,03,309 crore. This came after its share hit a new 52-week high of Rs 3,674.

With S&P Bombay Stock Exchange (BSE) Sensex returning merely 2.55% returns since the beginning of the year in addition to weaker performance of other indices, S&P BSE Information Technology (IT) index has emerged as the best performing index. Analysts say stronger dollar, increased digital spending, strong results and reduced external factors around immigration have resulted in the rally of IT stocks.

TVS Racing has recently taken the wraps off the race-spec Ntorq 125, better known as TVS Ntorq SXR. Three-time National Championship winner Asif Ali and Shamim Khan will ride this scooter during the fourth round of the Indian National Rally Championship 2018 to be held in Nashik on 25th and 26th May. In terms of visuals, there is not much that differentiates the Ntorq SXR from the stock model, except for the knobby tyres and the race-inspired livery. It is under the skin where the prime changes take place.

Bank of Baroda on Friday reported a net loss of Rs 3,102 crore for the three months to March 2018, owing to a more-than-doubling of its provisions on an year-on-year basis to Rs 6,672 crore in Q4.

Net interest income (NII) — the difference between interest earned and interest expended — rose 11.7% y-o-y to Rs 4,002 crore.

The Department of Telecommunications (DoT) today extended the deadline for submission of public comments on the new telecom policy to June 1 as many stakeholders had sought more time to give their views, according to an official release. The DoT had released the draft of the policy branded as National Digital Communications Policy, 2018, on May 1 and invited public comments by May 25.

Private power players are crying foul over the government’s instruction to Coal India (CIL) to allot coal “out of turn” to power plants owned by the central and state governments.

The development comes at a time when the gap between the plant load factors (PLFs) – capacity utilisation levels – between private and government-owned power plants continue to widen, and this decision, independent power producers claim, would further impair their ability to service debts,

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.