Combating OTP frauds; Ather’s new funding round
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Ather Energy: Ather eyes new round, Nikhil Kamath buys big part of Sachin Bansal’s holding
Electric two-wheeler maker Ather Energy is in talks for raising a “significant round of funding” in a mix of primary and secondary share sale, said people with knowledge of the development.Existing investor, Flipkart cofounder Sachin Bansal, has sold a significant part of his holding in the company to Zerodha cofounder Nikhil Kamath, they said, adding that Kamath may buy out Bansal’s remaining stake in the firm. Ather Energy is also finalising plans to raise $75-90 million (about Rs 750 crore)...
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Govt teams up with SBI Cards, telcos to combat OTP frauds
India’s home ministry, SBI Cards and Payment Services Ltd (SBI Card) and telecom operators have partnered to develop an innovative solution for alerting about stolen one-time passwords as part of a broader effort to combat the growing threat of cyber fraud and phishing attacks on the banking ecosystem.According to two people in the know, the Centre is testing a solution that will allow banks to track the registered address as well as geolocation of a customer and where an OTP is getting...
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