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Elon Musk could help. Beauchamp, an 82-year-old retiree, saw a video late last year of Musk endorsing a radical investment opportunity that promised rapid returns. He contacted the company behind the pitch and opened an account for $248. Through a series of transactions over several weeks, Beauchamp drained his retirement account, ultimately investing more than $690,000. Then the money vanished — lost to digital scammers on the forefront of a new criminal enterprise powered by artificial intelligence.

Why Kolkata is a big pull for the beauty market Listed player Honasa Consumer, which owns skincare brands Mamaearth and Aqualogica, launched Staze, an affordable, youth-focused colour cosmetics range earlier this year. Last year, A91 Partners-backed SUGAR launched SUGAR Play, targeting teens and pre-teens. Kaushik Mukherjee, co-founder and chief operating officer at SUGAR, told Mint, “With increased exposure to global fashion and beauty trends through social media and the internet, teenagers in India are becoming more conscious of their appearance and grooming.

Blockchain technology is gradually transforming real estate across the world by introducing transparency, security, and efficiency in property transactions. While still in its early stages, its application in land records management and property financing is gaining momentum, driven by the potential to reduce fraud and streamline processes. However, the adoption of blockchain in India faces challenges such as regulatory uncertainty and the slow pace of digitisation. As these hurdles are addressed, blockchain is expected to significantly impact how real estate is bought, sold, and managed across the country. What is blockchain and how does it work in real estate?

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Indian businesses need to align cyber security budgets with their growth objectives to ensure sustainable expansion in the face of increasing digitalisation and associated risks, a top official of Kaspersky has said. The emergence of new-age technologies, including artificial intelligence and GenAI, is critical for companies to boost their businesses. «In order to grow businesses, you need to digitise. If you don't digitise, you are not going to have that business growth value,» Adrian Hia, Managing Director for the APAC region at Kaspersky, told PTI. At the same time, the digitalisation of businesses increases the attack surface area, opening avenues for risks like sophisticated cyberattacks.

Foxconn is working on plans to set up a Battery Energy Storage System unit in India, its chairman Young Liu said here. With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan. Liu told PTI that Foxconn's information and communication technology segment has just started in India. «We are also waiting to put our 3+3 future industry in India. I have been talking to the minister for industries here about how can we collaborate on BESS (Battery Energy Storage System) in Tamil Nadu...,» Liu said.

economic recovery at risk. Since July, internet networks have been up to 40 percent slower than normal, according to one IT association, while documents, images and voice notes have been disrupted on WhatsApp, used by tens of millions of people. Digital rights experts believe the state is testing a firewall — a security system that monitors network traffic but can also be used to control online spaces.

₹5000, ensuring that you can enjoy healthier cooking without breaking the bank.Whether you are in search of a budget-friendly air fryer, a compact model for smaller spaces, or a feature-packed option for your kitchen, we have curated a list that caters to various needs and preferences. From energy efficiency to easy maintenance, these air fryers provide excellent value for money.

Taiwanese contract manufacturer Foxconn is looking to move up the value chain to go beyond smartphones and make products for sectors like information and communication technology (ICT), electric vehicles (EV), batteries as part of their EV strategy and digital health in its next phase of growth in India, its chairman Young Liu told ET on Saturday. “Foxconn is very well known for its vertical integration capabilities. Definitely, we want to move up on the value chain as much as we can in India. That’s what we will be doing in the ICT sector,” Liu said on the sidelines of the inauguration of the company’s massive industrial housing project in Sriperumbudur. “For sectors other than ICT, we think (we will focus on) EVs and energy and also the digital health industry, like wearables for personal use, home use type of medical devices,(and) in hospitals you can have cloud-based digital health systems,” he added. In the case of energy, Foxconn is looking to target batteries, which will be related to its larger EV strategy. Generative artificial intelligence (GenAI) will play a “very big part” in the company’s strategy as it makes “a lot of impossible things possible,” he said.

Kamala Harris has placed $370 million outlay on TV and digital advertisement reservations. The ad reservations include $170 million in TV and $200 million for digital. The TV advertisement reservations will be for shows like Golden Bachelorette, Grey’s Anatomy, Abbott Elementary, Survivor, Jeopardy, and Wheel of Fortune, as per a report on Deadline. Advertisements related to Kamala Harris will also be exhibited during NFL, WNBA and NBA, NHL and MLB games, Deadline reported.

Leading companies such as Page Industries, which has the rights for the Jockey brand in India, Aditya Birla Fashion and Retail, Arvind Fashions and Rupa & Co. have attested to this in earnings calls this month. A consumption recovery of inner wear, including men's underwear, is in sight with green shoots visible in the June quarter. Sentiment has also been boosted by sales kicking off through quick commerce.

Raksha Bandhan is a festival revered by the majority of people in India that celebrates the special bond between siblings. Even if you live thousands of miles apart from your brother in the United States, United Kingdom, or Canada, you can still make this day special and memorable for them.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

August 2024 bank holidays: Banks are closed for 13 days in August 2024; Check state-wise bank holiday list The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts. The Government of India has declared only three national holidays in 2024: Republic Day (26 January), Independence Day (15 August), and Gandhi Jayanti (2 October).

artificial intelligence services on cloud under the Rs 10,372-crore India AI mission, which was approved by the cabinet in March this year. The empaneled agencies, like data centers and cloud service providers, will have to provide access to high-speed computing AI infrastructure like graphics processing unit (GPUs), accelerators, Tensor Processing Units (TPUs), storage etc to academia, startups, researchers, government bodies among others at the lowest rate that will be discovered through the bidding process. Under the IndiaAI Mission, supercomputing capacity, comprising over 10,000 GPUs, will be made available to various stakeholders for creating an AI ecosystem. «With an objective to empanel service providers for making this possible, IndiaAI — an IBD under Digital India Corporation, MeitY has issued a RFE (request for empanelment),» Meity, Additional Secretary Abhishek Singh said in a social media post.

gold prices. An analysis by rating agency Crisil showed that gold loans grew more than 20% in June over May 2024. Most banks and NBFC have maintained an LTV (loan-to-value) ratio of 60-65% despite regulatory requirements of 75% which gave them a cushion when gold prices fell after the import duty was lowered in the budget.

(This story originally appeared in on Aug 16, 2024)

EU on Friday formally requested that Meta detail steps it is taking on transparency after the Facebook and Instagram owner scrapped a widely-used tool for tracking disinformation online. Meta has been criticised on both sides of the Atlantic over the decision to shut down CrowdTangle — a feature considered vital by researchers tracking viral falsehoods — in a year of major election contests in the United States and elsewhere. Unavailable since August 14, CrowdTangle is to be replaced with Meta's Content Library — a technology researchers say offers nowhere near the same functionality.

₹2-3 crore (are) where high single digit rates can be offered for long-term deposits." The interest rate deregulation means the RBI cannot direct banks to make deposits more attractive. However, a senior economist suggested that the RBI can look at tweaking system liquidity, which would have an impact.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...