The South Korean web hosting provider has agreed to pay ransomware hackers $1 million dollars. They agreed to pay this amount after their servers were hacked. All the data and files were encrypted and to access it back the company decided to pay the hackers. Hackers targeted the Linux servers effectively taking control of 153 servers. Moreover, 3,400…

Lockheed Martin and India's Tata Advanced Systems has signed an agreement to manufacture F-16 fighter planes in India. This would lead to shifting of Fort Worth plant in Texas to India. Lockheed is eyeing for the multi-billion dollar Indian fighter jet deal. Therefore it is hoping that this step will push the deal in its…

Berlin-based online food takeaway startup Delivery Hero is planning to raise around 996 million euros($1.1 billion) through its initial public offering (IPO) later this month. Post this funding, the company would seek a mammoth valuation of around 4.39 billion euros($4.9 billion). Delivery Hero helps to match diners with restaurants of their choice. It also has its…

Amazon wants to conquer the brick and mortar industry after it has taken over the online mode of shopping. First, it purchased the leading physical store. After that, it is going to prevent the competition from taking away its share in the brick and mortar sector of shopping. Amazon has proposed a patent to stop…

Online retail giant, Amazon, led by Jeff Bezos has agreed to buy the upscale grocery chain, Whole Foods for a whopping $13.7 billion. This is Amazon's largest purchase ever. The Whole Foods stock has skyrocketed by as much as 28%. Amazon agreed to pay $42 a share, all in cash to Whole Foods. This also includes…

Google is the first thing that strikes our mind when we talk about Internet search and it has been a dominating player in the search engine market against other competitors like Yahoo, Bing, Rediff, etc. But the search giant is being questioned by the European competition regulator and is awaiting a pending decision on the…

The biggest company in the computer department Intel has announced their plans to expand its research and development in India. Intel has launched a new “state-of-the-art” design hub in Bengaluru (Bangalore). They have decided to open a smart and green building with IoT technology and have made an investment of the huge amount of $178…

  Security researchers have pointed out, a serious security neglect at the part of Samsung. According to researchers, Samsung left millions of customers vulnerable to hackers because it failed to renew a domain. This domain was to control a stock app which is still active on older devices. Therefore, if you use an older Samsung smartphone,…

The Uber CEO Travis Kalanick is on leave of absence of unspecified length and in his absence, the committee of 14 executives will take care of the company and will report to him. Moreover, Kalanick's right-hand man Emil Michael is no longer with him after his removal from the company. All the day to day working…

On June 5, World Environment Day, Professor KPJ Reddy tested the first trial of drone seeding on the banks of river Pinakini in Kolar district of Karnataka to create a forest. Professor Reddy did this task with two other scientists at the Department of Aerodynamics, Bangalore along with Dr H N Science Centre and the…