The Underlying Technologies That Failed To Prevent PNB’s Cross Border Fraudulent Money Transfers

New Delhi: Punjab National Bank recently detected fraudulent transactions worth Rs 11,300 crore at its Brady House branch in Mumbai. The PNB in its cautionary note to other public and private sector banks said that the suspected fraud was carried out by the perpetrators in collusion with the staff.

It went on to explain the modus operandi of the scam and said: "It was found through SWIFT trail that one junior level branch official unauthorisedly and fraudulently issued Letters of Undertaking (LoU) on behalf of some companies belonging to NiravModi Group for availing buyers' credit from overseas branches of Indian Banks."


Tech-savvy Talent Drives Today’s Business Environment

environment is a constantly-evolving organism which, in the wake of its rapid progress, has started making new demands on its stakeholders. Technology has emerged as the biggest change architect driving not only the way working styles have evolved but also how the workforce needs to innovate.

In such a dynamic culture, it is imperative for any contemporary company to be able to attract the kind of talent that is extremely comfortable with technology. In fact, this comfort must go beyond just being able to use existing tech. The executive of today must have a driving curiosity for gaining new insights and adopting the latest technologies.


Facial Recognition Biased Towards Fair Skin, A New Study Claims

New Delhi:Recently, a new research out, is underscoring what other experts have reported or at least suspected before: facial recognition technology is subject to biasesand shows inaccuracies in gender identification based on the data sets provided and the conditions in which algorithms are created.

As per the results, gender was misidentified in less than 1% lighter-skinned males as compared to 35% dark-skinned females.

Facial recognition has the potential to revolutionise the security of our devices, and it's already available on some very popular gadgets.But what is it, how does it work, and is it racist? Let’s know everything here:


Vanta Black Magic: World’s Darkest Building Unveiled For Winter Olympics Pavilion

New Delhi: With winter Olympics here, Pyeongchangmay be dyed with snow, but with so much milky white city what stands differently is the darkest hole of the whole Universe.

A ground-breaking building designed for the Winter Olympics is so dark it looks like a slice of Space. The Hyundai Pavilion in PyeongChang is the blackest building ever, thanks to high-tech paint that plays tricks on the eyes.

Designed by architect Asif Khan, the structure has been spray-painted with the blackest black matt paint ever. ‘VantablackVBx 2’ is the spray-paint version of Vantablack, the blackest possible pigment. It absorbs an incredible 99 percent of light, making it look like no other black.


Over 150 delegates from India and abroad participates in 3rd Inter National Conf in IIT (ISM) Dhanbad

New Delhi : Over 150 techies from various renowned institutions of Indiaand abroad participated in a three-day long International conference on ‘Microwave and Photonics’ in the premises of IIT-ISM atDhanbaddistrict of Jharkhand on Friday.

It was organized by the Department of Electronics Engineering IIT – ISM, with the technical co-sponsorship of IEEE Photonics Society, IEEE Antenna and Propagation Society, IEEE Instrumentation and Measurement Society and Optical Society of America (OSA).

The financial sponsorship support was extended by Jharkhand CST, SERB DST, DRDO, ISRO, CSIR, BRNSand JV Micronics.