Mumbai: The owners of a jewellery store in suburban Ghatkopar have been arrested by Mumbai Police's Economic Offences Wing (EOW) for allegedly cheating customers to the tune of Rs 300 crore, an official said on Tuesday. The accused, Jayesh Rasiklal Shah (55) and Nilesh Rasiklal Shah (53)-both brothers, ran the 'Rasiklal Sankalchand' jewellery showroom here and allegedly promised good returns to customers on their deposit schemes, he said. Several people subsequently invested large amounts of money in the Ponzi schemes over several months, the EOW official said. However, on October 28, the customers found the store shut and realised they were cheated. The customers then filed a complaint with Pant Nagar police and the case was later taken over by the EOW. While conducting probe in the case, the EOW arrested the two accused on Monday, the official said. Some of the jewellery store employees last week complained to the labour commissioner that they had not been paid for six months, he … [Read more...] about Jewellery Store Owners Arrested for Cheating Customers of Rs 300 Crore in Mumbai
Worsthorne convenience store
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By Jayadipta Chatterji Mehta A strong tech startup story and IT prowess give India an edge over others in artificial intelligence (AI) adoption. In the second part of our series on AI, members of The Economic Times India Leadership Council, ETILC’s core group on technology weigh in on India’s advantages as a market leader in IT services. “We believe India has a major advantage over other countries due to its vibrant tech-related startup ecosystem, strong IT services, and an offshoring industry, to harness the power of AI,” they say. The members include Kaushal Sarda, CEO, Kuliza Technologies; Dilipkumar Khandelwal, MD, executive VP, SAP Labs India; Anil Valluri, CEO, India and SAARC, NetApp; AS Rajgopal, MD, NextGen; Piyush Sinha, deputy MD, NEC Technologies; Anuj Gupta, CEO, Hitachi Systems Micro Clinic, and Vikas Gupta, CEO and CTO, GreyMatter Software Services. For artificial intelligence and machine learning algorithms to run on big data, Indian companies … [Read more...] about ‘IT services & tech startups help put India on the AI path’
Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business.The platform will store a game-playing session in the cloud and lets players jump across devices operating on Google’s Chrome browser and Chrome OS, such as Pixel phones and Chromebooks.Google didn’t say how much its new service will cost, whether it will offer subscriptions or other options, or what games will be available at launch —all key elements to the success of a new video-game platform. It said only that Stadia will be available in late 2019.Google made the announcement at the Game Developers Conference in San Francisco. Some industry watchers were expecting a streaming console, but Google’s platform centers squarely on the company’s cloud infrastructure.“The new generation of gaming is not a box,” said Google Vice President Phil Harrison. “The data center is … [Read more...] about Goodbye consoles? Here’s how Google’s new Stadia platform could disrupt gaming space
Google is getting into gaming in a serious way.The Alphabet unit unveiled Tuesday a new game streaming service called Stadia at the Game Developers Conference in San Francisco. The announcement marks a major new foray into the $180 billion industry for the internet giant.Stadia lets developers build new games on a streaming platform that will allow players to access the action through the web instead of having to buy expensive consoles or personal computers. The company also introduced its own game controller, which creates console-like gaming on a computer or smartphone. Alphabet shares rose less than 1 percent in New York.Google already has a hefty presence in gaming through its Android app store, one of the most popular mobile game marketplaces. But the search giant and peers like Amazon.com Inc., Facebook Inc. and Apple Inc. have less of a central role in the lucrative hardcore gaming market, which still runs on hardware like Sony Corp.’s PS4 … [Read more...] about Google launches cloud-based Stadia video game service