2 Arrested For Theft Aboard Aircraft Carrier, Stolen Computer Devices Found

john rambo

The NIA recovered the stolen electronic items with data “pertaining to the security of the nation”.

New Delhi:

The National Investigation Agency, NIA, has arrested two men from Bihar and Rajasthan for theft of critical electronic hardware from an indigenous aircraft carrier being built at the Cochin Shipyard Ltd between June and September last year.

The anti-terrorism agency, which took over the probe from the Kerala Police in October last year, said it has recovered the stolen electronic items, including processors, RAMs and solid state drives with data “pertaining to the security of the nation”.

A statement from the NIA said Sumit Kumar Singh, 23, and Daya Ram, 22, were arrested on Wednesday after nine months of extensive scientific investigation spread over many states.

757s25pg

Daya Ram, 22, and Sumit Kumar Singh, 23, were arrested after months of extensive scientific investigation.

“Singh, who was arrested from Bihar’s Munger district, and Daya

Read More

Battery Ventures, Continuing to Invest Globally in Innovative Technology Companies, Promotes Four Team Members in London, San Francisco and Israel

john rambo

Paul Morrissey promoted to partner; Duncan Gills and Zak Ewen move up to principal, Adi Dangot-Zukovsky to vice president

Battery Ventures, a global, technology-focused investment firm, has promoted four team members, including two in London and one in Israel.

The promotions highlight the firm’s ongoing focus on investing in innovative companies across North America, Europe and Israel. More than a quarter of the dollars invested out of Battery’s 12th family of funds, raised in 2018, went to companies based outside the U.S., up from 14% in the firm’s eighth fund, raised in 2007. Battery, founded in Boston in 1983, is currently investing out of its 13th family of funds, raised earlier this year and capitalized at a combined $2 billion.

In London, Paul Morrissey was promoted to partner and Zak Ewen to principal. Morrissey, a native of Ireland, joined Battery in 2012 and focuses on later-stage software investments,

Read More

Excitement is back in startup world as venture capitalists return

john rambo



Excitement is back in startup world as venture capitalists return


© Arun Sreenivasan
Excitement is back in startup world as venture capitalists return

Venture capitalists are slowly returning to the startup world. The doom and gloom following COVID-19 is giving way to cautious optimism.

Investors are now writing big cheques, making big bets and taking risks, something that was expected to take much longer.

Content startups like Dailyhunt and ShareChat, fantasy gaming platform Dream11, skincare brand WOW Skin Sciences, and meat delivery startup Licious are companies where deal discussions have heated up.

“Select startups today are actually closing rounds much faster. While a deal negotiation would have taken even a year earlier, we are seeing terms close in less than a month now. This is an opportunity window for the market leaders in these recovery segments to leap forward much faster than they expected,” says Pranav Pai, founding partner at 3one4 Capital, an early-stage fund.

The worst is over

When

Read More

Internet use increases among poor Brazilians

john rambo

There has been a significant increase in online access to financial offerings and government services in Brazil among low-income citizens, according to a study on the role of the Internet during the Covid-19 outbreak.

The study carried out by Cetic.br, research arm of the Brazilian Network Information Center (NIC.br) suggests that Internet access through all devices has gone up significantly and online traffic in Brazil has reached record levels in the last five months, peaking at 13,5 Tbps.

Considering the Brazilian socioeconomic class system ranging from the elite (class A), the upper-middle class (class B), the lower middle class (class C), the working-class poor (class D) and the extremely poor and unemployed (class E), the study has found an increase in Internet access among the classes D and E. This was mostly driven by e-commerce, entertainment, education and digital access to government services.

According to the Cetic.br report on Internet

Read More