Cybersecurity firm’s shares tank 15%
21 Jul
Business News

Cybersecurity firm’s shares tank 15%

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Business new tamfitronics Bloomberg / Updated: Jul 20, 2024, 04:56 ISTAAText SizeSmallMediumLarge The shares of CrowdStrike, known as a dominant supplier of software that protects businesses from ransomware attacks, tanked 15% Friday, wiping out almost $8 billion of its market value. CrowdStrike was founded by former executives of antivirus pioneer McAfee Inc. End of ArticleFOLLOW US ON SOCIAL MEDIABusiness new tamfitronics Visual Stories Hot PicksTOP TRENDING
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IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore
21 Jul
Business News

IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore

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Business new tamfitronics NEW DELHI: Following a diktat from the ministry of corporate affairs (MCA), IL&FS has sought to recover Rs 250 crore from beneficiaries of its employee welfare trust, in what may be a first instance of its kind in the country.The move by the ministry followed a report by the Serious Fraud Investigation Office (SFIO), which concluded that the entity was allegedly used to park excess funds or profits and was subsequently used to facilitate payoffs and provide incentives to select employees.Some of the alleged “unjust payments” during 2006-07 to a select group of employees by the erstwhile management led by Ravi Parthasarthy, using the trust route, have been shared by SFIO with MCA, officials told TOI.Based on the report, MCA has identified around 200 beneficiaries of the IL&FS Employee Welfare Trust...
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Hackers loot nearly Rs 2,000crore from crypto bourse WazirX
21 Jul
Business News

Hackers loot nearly Rs 2,000crore from crypto bourse WazirX

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Business new tamfitronics MUMBAI: WazirX, one of the leading crypto currency exchanges in India with about 1.6 crore users, faced a hacker attack on Thursday that, according to one estimate, resulted in unauthorised withdrawal of various tokens aggregating about $235 million (around Rs 1,966 crore) from its customers’ wallets. As a result, WazirX has stopped all withdrawals in rupee and crypto currencies temporarily, it said through a post on X (formerly Twitter).Elliptic, a global crypto currency analytics and compliance firm, said that North Korean hackers were behind the attack on WazirX.On Thursday afternoon, WazirX said that it was aware that one of its wallets had experienced a security breach. “Our team is actively investigating the incident. To ensure the safety of your assets, rupee and crypto withdrawals will be temporarily paused,” the platform...
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Lou Dobbs, veteran news anchor, Trump ally, dies at 78
19 Jul
Business News

Lou Dobbs, veteran news anchor, Trump ally, dies at 78

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Business new tamfitronics Lou Dobbs, pictured with wife Debi, was an early advocate for Donald Trump during his rise in Republican politics. File Photo by Ron Sachs/UPI | License PhotoJuly 18 (UPI) -- Lou Dobbslongtime business news anchor and conservative pundit, died Thursday. He was 78.His death was announced in a post on his X account."It is with a heavy heart that we announce the passing of 'The Great Lou Dobbs," the post read. "Lou was a fighter till the very end -- fighting for what mattered to him the most, God, his family and the country."Dobbs joined CNN at its inception in 1980 and anchored the program "Moneyline." He left the network in 2009 after a clash with management and joined media mogul Rupert Murdoch in launching the Fox News network."Lou was one of...
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