Infosys invests Rs.9.75 crore more in US data firm

Vartha Bharati | 23-03-2018 | 09:17:00 IST

Bengaluru: Global software major Infosys Ltd on Thursday said it made a follow-on investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science, a US-based data discovery and data governance software firm.

"The follow-on investment of $1.5 million has been made in cash through the Infosys Innovation Fund," said the IT major in a regulatory filing on the BSE.

The firm initially invested $4 million (Rs 26 crore) in the Delaware Corporation company in January 2016.

"Waterline provides data scientists and business analysts a self-service data catalogue to help discover, understand and provision data, and an automated data inventory that enables agile data governance across metadata, data quality and data lineage," it said in the filing.

The investment is expected to be completed by April 6.

With the combined investment, Infosys will have a minority holding, which is less than 20 per cent of Waterline's share capital.

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Japanese national duped of Rs 35.5 lakh after 'digital arrest' in Bengaluru

27-12-2024 ¦ 27-12-2024 IST

Representational Image | PC: Meta AI

Bengaluru, Dec 26: A Japanese national, Hiroshi Sasaki, who works in Bengaluru, lost Rs 35.5 lakh after being 'digitally arrested' by cyber fraudsters, police said, on Thursday.

The incident occurred between December 12 and 14, police added.

Sasaki, who lives in a flat near Dairy Circle, received a phone call on December 12. The caller was claiming to be from the Telecom Regulatory Authority of India. The caller informed him that his phone number would be blocked due to its unauthorised use.

To avoid the disconnection Sasaki was asked to dial a number.

Upon dialling the number, he was immediately connected to a WhatsApp call from someone claiming to be from the Cyber Crime wing of Mumbai Police. The caller informed Sasaki that he was involved in a money laundering case.

The fraudsters "digitally arrested" him and siphoned off Rs 35.5 lakh by having him make payments through various means, including RTGS.

He was also told that the money would be returned after the investigation was completed.

After realising that he had been duped, the victim approached the South East Cyber Crimes, Economics and Narcotics (CEN) police station and lodged a complaint.

'Digital arrest' is a new cyber fraud, where the fraudster poses as law enforcement agency officials from agencies like CBI, and customs and threatens people of arrest by making video calls.

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