This week Indian music streaming service Gaana.com got hacked by a Lahore based hacker who goes by the name of Mak Man. The hacker, Mak Man has also posted a searchable database link of Gaana user details on his Facebook page. Few hours after posting searchable database link of Gaana user details on his Facebook page, Mak removed it from his website on request of Times Internet CEO Satyan Gajwani. Following that, the hacker also said that no financial information was accessed during the hack of Database, and no information was dumped and stored locally. He also said that exploit script was just a POC to highlight the issue which was grabbing the details directly from their DBMS.
Rahul Yadav continues his defaming saga, comments on industry veteran Ravi Gururaj
Following up, on the cold war between Snapdeal and Flipkart, Ravi Gururaj posted his viewpoint in a Facebook update. The update was published on YourStory and then taken up by Rahul yadav to pass derogatory comments on the industry veteran.
Yebhi’s Co-founder Marks Entry Of Second Venture Shopsity
Exiting from the ecommerce bubble, Yebhi’s co-founder Danish Ahmed has launched his new venture by the name ShopSity. ShopSity is an app-based information provider for fashion products which are being sold in the users’ vicinity.The need to launch a venture like ShopSity arises from the fact that people risk to choose intangible products and wait for longer time for their products to be available in online buying against the alternative of going from store to store or mall to mall.
Cardekho.com launches Tyredekho.com, a one stop solution to tyres
Gurgaon-based CarDekho.com, an auto portal launched a new platform called TyreDekho.com. This new portal provides content, reviews and research tools to guide consumers to make the best choice for a tyre purchase. The site hosts tyre listings for all passenger cars and bikes sold in India, Information on tyre brands, products, pricing, features and dealers.
Reliance Retail Plans to invests $700Mn To Boost Ecommerce Expansion
Reliance Retail, an arm of Mukesh Ambani-led Reliance Industries, announced its plans to borrow around $700 Mn (INR 4,500 Cr) to build its ecommerce business. Besides, it also plans to open new stores to counter rivals’ expansion plans and piloting an online site for food and grocery products. According to the board resolutions filed with the Registrar of Companies (RoC) last week, Reliance Retail will avail term loans to the tune of $396 Mn (INR 2,500 Cr) from State Bank of India and raise another $317 Mn (INR 2,000 Cr) by issuing convertible debentures. The funds are expected to come in several tranches.
ICICI Bank Now Lets Customers Authenticate Transactions With Their Voice
A new service has been launched by ICICI bank that allows customers to authenticate phone banking transactions with their voice, instead of entering a PIN or password. The voice recognition service will authenticate customers based on their speech patterns which will be routed through bank’s call centres. This voice authentication service, will be available to over 33Mn savings bank and credit card holders. Voice recognition feature works on voice prints, made up of over 100 characteristics such as modulation, speed, accent and pronunciation, making it impossible to replicate.