Bengaluru loses Rs 483 crore daily to cybercrime
Shocking data shows Bengaluru loses nearly half a billion rupees daily to cyber fraud. Learn about the top scams and how to protect yourself in India's tech capital.
Category : Search result: losses
Bengaluru loses Rs 4.83 crore daily to cybercrime
Bengaluru faces a cybercrime crisis, losing a staggering Rs 4.83 crore daily. Police data shows a surge in online fraud, with investment scams leading the losses. Read more on the alarming trends and police response.
IndiGo Cancels 12 T'puram Flights, Hits International Flyers
IndiGo's cancellation of 12 flights in Thiruvananthapuram on Sunday severely impacts passengers, especially those connecting to international flights. Travelers face high costs for alternative arrangements. Read more.
India Plans AI Push to Reduce Electricity Bills
India's Power Ministry plans wider AI use in distribution networks to cut electricity bills and reduce losses. A national conference will drive adoption. Read more.
Mass Flight Cancellations Trigger Tourism Crisis in Kolkata
Massive flight cancellations across India have plunged Kolkata's tour operators into an operational nightmare, causing estimated losses of Rs 60-70 crore. Industry leaders demand government action against profiteering.
UP Power Losses Drop to 19.54%, Privatisation Opposed
Uttar Pradesh's power sector shows strong recovery as technical losses fall. Minister Shripad Naik details Rs 40,739 crore RDSS scheme impact. Consumer group calls privatisation 'unconstitutional'. Read more.
IndiGo Disruption Cripples Northeast Tourism, Strands Visitors
IndiGo's service crisis leaves tourists stranded, forces tour operators to face heavy losses during the crucial Oct-Apr season. Key festivals like Hornbill impacted. Read more.
TRAI Reforms Fall Short as SMS Scams Surge in India
Cybercrime in India is outpacing defences, with SMS scams causing unprecedented financial losses. Experts warn that current regulations offer an illusion of safety. Read more.
Hinton's AI Warning: Massive Job Losses Ahead
Geoffrey Hinton predicts AI will cause massive unemployment, clashing with views of Nvidia's Jensen Huang. He warns of economic upheaval as tech giants invest trillions. Read the full analysis.
CAG: 6 MP PSUs' Net Worth Eroded, Negative ₹42,410 Cr
A CAG report tabled in the MP Assembly reveals the alarming erosion of net worth in six state PSUs, with combined losses of over ₹42,410 crore. Details on power discoms, IT parks, and MSME development failures inside.
Meta to Slash Metaverse Budget by 30%, Focus on AI
Mark Zuckerberg's Meta is planning deep cuts of up to 30% in its metaverse division, Reality Labs, as the company pivots focus towards artificial intelligence. Read the full report.
Ukraine's Elite Unit Obliterated in Sumy, Putin Issues Warning
Russian forces claim to have wiped out a Ukrainian assault company in Sumy. Putin reiterates plans to 'liberate' Donbass. Read the latest on the escalating conflict.
Paramount's $5B Breakup Fee in Warner Bros Bid Battle
Paramount Skydance hikes its breakup fee to $5 billion to acquire Warner Bros Discovery, signaling confidence against Netflix and Comcast. The winner could be chosen in weeks.
Meta to Slash Metaverse Budget by Up to 30%
Meta Platforms is planning deep cuts to its metaverse division, including Horizon Worlds, with potential layoffs. The shift comes as the company refocuses on AI. Read the full report.
J&K Business Relief Stalls at 12% Despite Massive Losses
The financial rehabilitation for Jammu & Kashmir's disturbance-hit businesses moves at a snail's pace, covering only 12% of affected accounts. Read about the delays and economic impact.
PRTC Strikes Lead to Rs 14 Crore Loss in Punjab
Contractual employees of PRTC, Punbus, and roadways have struck work 15 times this year, causing massive revenue losses and disrupting bus services across Punjab. The core issue is the opposition to the kilometre scheme, seen as privatisation.
MicroStrategy's Bitcoin Bet Leads to 80% Losses for Leveraged ETFs
Retail investors in India who followed Michael Saylor's Bitcoin vision via MicroStrategy are facing steep losses as leveraged ETFs tied to the stock plummet over 80%. The crypto slump erases gains.
Kiyosaki Warns Biggest Market Crash Has Begun
Rich Dad Poor Dad author Robert Kiyosaki claims the biggest market crash has started due to AI-driven job losses. He recommends silver as the best investment option. Read his full analysis.
Amazon Workers Protest AI Climate & Job Impact
Over 1,000 Amazon employees sign open letter warning about AI's climate damage, job losses & ethical concerns. Read their demands to leadership.
Deepika's 82°E Slashes Prices Amid Major Financial Losses
Deepika Padukone's skincare brand 82°E reduces product prices after facing Rs 37 crore losses. The most expensive item now costs Rs 2900. Read the full analysis here.
Russia Reports Major Ukrainian Losses, Advances Continue
Russia's Defence Ministry claims Ukrainian forces suffered 1,460 casualties in 24 hours. Moscow reveals advancing toward Gulyaipole after securing Zatishye. Latest updates on the conflict.
Ukraine Peace Talks: What Will Putin Accept?
As Ukraine faces territorial losses and corruption scandals, analysts question what terms Putin might accept in peace talks. Read the latest developments.
UP Power Tariffs Unchanged for 6th Consecutive Year
UPERC maintains electricity rates for FY 2025-26, reduces green energy charges, and sets aggressive distribution loss targets. Consumers benefit from stable pricing.
India Lost ₹22,845 Crore to Cyber Fraud: Experts Demand AI Defense
Cybersecurity experts in Guwahati advocate AI-driven defense as India faces 205.6% surge in cyber fraud losses. Learn how AI can protect digital future.
Aviation Losses May Widen to Rs 10,500 Crore: Report
India's domestic aviation industry faces widening losses up to Rs 10,500 crore this fiscal year due to slowing passenger growth and rising operational costs. Learn what's impacting airlines.
BSNL Q2 Loss Widens to ₹1,357 Crore Despite Revenue Rise
State-run BSNL's net loss widened to ₹1,357 crore in September quarter despite 6.6% revenue growth. Higher depreciation from ₹25,000 crore capex impacts profitability. Read full analysis.
Punjab farmers protest as paddy procurement halted early
Punjab farmers face distress sales as procurement stops despite crop losses. Government faces allegations of failing to check paddy inflow from neighboring states. SKM calls emergency meeting.
Karnataka HC Orders Qualified Appointments to State Firms
Karnataka High Court mandates qualified appointments to state-owned companies after Upalokayukta report reveals massive losses at MySugar. Read the full story.
Singapore Airlines Committed to Air India Transformation
Singapore Airlines reaffirms commitment to Air India investment despite accounting losses. CEO Goh Choon Phong calls it a long-term strategic partnership in India's aviation growth story.
Air India Losses Hit Singapore Airlines Profits
Singapore Airlines' net profit plunged 67.8% to S$239 million as Air India losses impacted earnings. The carrier maintains long-term strategy despite setbacks.
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