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Police had earlier said that no one had come forward to file a complaint about the incident Breaking News   : Three days after the New Year eve revelry turned into a nightmare for several women who were allegedly molested at a large gathering in city's downtown area, police today claimed to have found "credible" evidence of molestation and have registered an FIR. As the incidents drew widespread outrage with no action from the police, Bengaluru's new Commissioner of Police, Praveen Sood through a series of tweets tonight, said his team was working on the case silently. "As promised we have found credible evidence repeat credible evidence in a case of wrongful confinement,   Bengaluru Molestation   and attempt to rob," Sood had said in a tweet. "We have taken action by registering an FIR. Investigation is in progress. Police is working.... Though silently," he had said in another tweet. Stating that enquiry is underway by an officer of...

In a raid in a hotel in Delhi's Karol Bagh, Rs 3.25 crore was seized in old notes Raids are being carried out across the country by the Income Tax Department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital. Rs 2.25 crore has been seized in Bengaluru by the I-T Department in new currency, while Rs 68 lakh has been seized in Panjim. In Faridabad, four were arrested with new currency of over Rs 25 lakh in the new Rs 2000 notes. Meanwhile, in Delhi, yet another raid was carried out at a hotel in Karol Bagh following which the massive amount of Rs 3.25 crore was recovered in old notes. Upon interrogation it was found that the money belongs to some Bombay based hawala operators, who have hired packaging specialists who pack these notes in such a manner that it was even undetectable by airport scanning machines. These ex...

The Karnataka Fire Department tweeted that it has sent over eight fire tenders to quell the blaze A massive fire has engulfed the premises of Syngene, the contract research subsidiary of Biocon, on Monday evening, possibly due to a chemical leak. The Karnataka Fire Department tweeted that it has sent over eight fire tenders to quell the blaze, shooting over the six storey complex of Biocon on Bengaluru outskirts. The extent of damage is still unknown. "A   fire broke at Syngene's labs   after office hours. No one hurt but fire has damaged labs and equipment. Now under control," tweeted Biocon Chairperson Kiran Mazumdar Shaw.   Read More

Infosys unveils modular e-commerce platform Software major   Infosys   Ltd on Wednesday unveiled a mobile first and modular platform to drive e-commerce programmes across retail channels. The platform has been developed by Skava, a Silicon Valley-based   e-commerce   start-up that the IT major acquired in June 2015 for $120 million, to enable businesses leverage cloud-based micro-services and white label applications to launch new offerings and improve conversion rates of digital channels. "The platform can integrate into present technologies, while providing a future-ready architecture for next-generation shopping experiences leveraging artificial intelligence (AI) and machine learning, natural language processing and virtual reality (VR)," the IT major said. The platform also has a mobile-first responsive web store and native mobile shopping applications that can be managed by non-technical business users through its studio, an intuitive web-based exper...

Asus India eyes 1 crore smartphone sales in 2 years Asus India is eyeing to secure seven per cent market share with sales of around one crore smartphones in the next two years, a top company executive said on Tuesday. "The company has seen good performance in Indian market and hopes to secure seven per cent market share with sales of around one crore smartphones in next two years," the company's Regional Head (South Asia and Country Manager) Peter Chang told reporters here. Chang was in the city to unveil and showcase   Asus ' largest range of premium products in Bengaluru market. In the next one year, the company hopes to secure five per cent of India's smartphone market, Chang said but declined to divulge the five-year long-term goal. The company has had a good start and been growing at a good pace by securing 2.5 per cent since its inception in 2014, inspite of facing tough competition, with around 20 to 30 brands operating to get customers' a...

At townhall, Sachin Bansal concedes that Flipkart missed targets India’s largest e-commerce marketplace Flipkart has seengrowth stagnate and has come under pressure from global rival Amazon for the past year and a half. While the company has on many occasions tried to bury media reports on layoffs and high-level exits, in a rather frank discussion with employees on Friday co-founder   Sachin Bansal   admitted that the company has indeed missed targets. Bansal, in a townhall meeting with around 200 employees at Flipkart’s headquarters in Bengaluru, addressed their concerns over recent layoffs by saying that even the top management was not exempt from scrutiny over performance, including himself. Bansal who stepped down as the CEO of Flipkart in January this year, said that the move was “performance linked”. The frankness of the co-founder might be a rare occasion where top executives at large companies news   admit to their failures, but it’s also the first time ...

Ola shuts down TaxiForSure business; lays off 700 employees India’s largest taxi aggregator, Ola, has shut down its   TaxiForSure   (TFS) business and has laid off 700 employees in the process, as it looks to consolidate its presence and reduce   cash burn   to fend off an attack from Uber. Ola   had acquired smaller rival TFS in March 2015 for $200 million to help it maintain market leadership against Uber. While Ola had said it would maintain TaxiForSure as an independent entity, the company soon began moving drivers from TFS to its own platform. The Economic Times newspaper first reported this story on Wednesday. Ola declined to comment on the story. While the TFS   Android   app was still functional, apart from the Ola Micro category, which the company cross-sells, no cabs were available in the Nano, Hatchback and Sedan categories. Since the acquisition, Ola has been pursuing drivers on TFS to join its own platform. Apart from cross-s...

India is the apple of CEO Tim Cook's eye as iPhone sales spike over 50% India has become one among the fastest growing markets for Apple, which is looking at increasingly offloading more iPhones in the country to offset the decline in the device’s sales globally. iPhone   sales in India were up by 51% during the nine months that ended June 30, company CEO   Tim Cook   revealed during an earnings call with analysts and investors. “We're looking forward to opening retail stores in India down the road, and we see huge potential for that vibrant country,” he added. On the contrary, iPhone sales have fallen for two straight quarters now as the global market for smartphones especially developed markets) becomes saturated. In its third quarter (April-June),   Apple   reported a 15% drop in iPhone sales from 47.5 million units in the corresponding quarter last year to 40.4 million units. The iPhone contributes to over 60% of Apple’s earnings, making it the m...

Flipkart buys Jabong, beats out Snapdeal, Future Group Flipkart-owned   online fashion   retailer Myntra has acquired smaller rival   Jabong   as it looks to strengthen its portfolio in the high-margin online fashion retail space. The move comes at a time when rival Amazon is pumping in billions of dollars to have a run at becoming the leader in India’s fledgling   e-commerce   space. Snapdeal   – which competes directly with   Flipkart   – large-format retail giant   Future Group , Aditya Birla owned Online shopping and fashion store. Shop the latest fashion trends online |   abof.com   and others were also in the running to acquire Jabong. The company in a statement said the deal will further strengthen its position as the “leader in fashion and lifestyle segment” in India. It did not disclosing the financial details of the deal. “Fashion and lifestyle is one of the biggest drivers of ecommerce growth in India. We hav...

Coming days will decide how we shape up as Test unit: Kohli With Indian   cricket   team geared up for their busiest   Test   season comprising 17 five-day games, skipper   Virat Kohli   aptly stated that the coming days will be an indicator as to how they have shaped up as a Test unit. "This is the perfect situation and opportunity to challenge and assess ourselves as a Test team. These months will define how we play as a Test team in coming years," Kohli said at the pre-departure media conference ahead of Indian team's tour of the West Indies. Hailing Anil Kumble's appointment as the team's head coach, the Indian skipper said that now they have a man, who can also tell them how to win Test matches abroad. "It is a huge boost for us that Anil bhai is our coach. Bowlers will feel more support due to his presence. Especially as he is someone who has won so many matches for the country and knows what it requires to win matches both India and abroa...

Yahoo hires investment bank to sell 3,000 patents: Report Yahoo   has hired boutique investment bank Black Stone IP to sell about 3,000 of the internet company's patents, the   Wall Street   Journal reported, citing people familiar with the matter. The company has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology, the report said. The deadline for bids for the   patent sale   has been set for mid-June by Yahoo, according to the Wall Street Journal. In March, Yahoo said it would explore the sale of $1 billion to $3 billion of patents, property and "non-core assets". Yahoo and Black Stone IP were not immediately available for comment.  

Bengaluru pips Tokyo, Tel Aviv in list of innovation hubs India has emerged as a new innovation ‘empire’ of choice by global corporates. Bengaluru - the information technology and start-up hub – has surpassed many global cities as a preferred destination for innovation centres, according to Capgemini’s study on ‘Innovation Empire’. Bengaluru that has emerged as the fifth most preferred location for housing innovation centres, overtook Tokyo, Shanghai, Berlin,  Tel Aviv , Munich and Chicago, said the report titled ‘Digital Dynasties: The Rise of Innovation Empires Worldwide’. In the previous report that captured data until July 2015, Bengaluru did not figure in the list of top 10 cities. The report said Silicon Valley was no longer the hub for corporate innovation, as global enterprises were seeking talent pools beyond established hubs. Between July 2015 and February 2016, four global enterprises set up their innovation centres in Bengaluru, the highest in Asia. During t...

Royal Challengers Bangalore (RCB) lost out to   Sunrisers Hyderabad   (SRH) by eight runs in a dramatic final of the Indian Premier League ( IPL 2016 ) Season Nine on Sunday at the Chinnaswami Stadium. Requiring 209 runs in 20 overs with an asking rate of 12.54, Royal Challengers could only manage 200/7, though it got off to a flying start helped by a pounding Chris Gayle and a stable Virat Kohli. Chris Gayle spearheaded the chase for   Royal Challengers Bangalore   with a superb 38-ball-76. Dominating with the bat, he rarely gave chance to Kohli, so much so that he accounted for 74 of the first 100 runs score by RCB by the end of nine overs. Smashing eight sixes and four fours, Gayle looked like interested in only hitting sixes as long as he was on the crease. The capacity crowd in Chinnaswami Stadium was on the edge of the seat as long as Gayle was firing one six after the other, he looked unstoppable. However, the Gayle show got over to a top edge ca...