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Petya Ransomware Afects Millions Of Computers Worldwide

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In a matter of months, multiple cyber attacks have crippled leading countries worldwide bringing operations to a standstill. The latest such ransomware named Petya, infected computers all over the world and shut down computers at an alarming rate.

Initially called Petya, the ransomware was later identified as GoldenEye by security firm Bitdefender. This latest cyber attack, like WannaCry, infected more than 300,000 computers on Tuesday by encrypting not only the files but the hard drive as well. GoldenEye has two layers that lock up the files and the computers file system by rebooting as soon as it finishes encrypting files. The ransom demands can be seen as soon as a computer is infected.

The hackers behind this latest ransomware were asking for a $300 bitcoin payment for the victims to gain back access. According to researchers at Recorded Future, it also has a hidden Trojan virus that steals the victim’s username and passwords.

Airports, hospitals, national banks and ministry offices were shut down in Ukraine which was the biggest victim of the attack. Russia, Denmark, United States, United Kingdom, France and India were also affected by this ransomware.

Many cyber security researchers said the virus uses an exploit known as EternalBlue, developed by the National Securit Agency (NSA,) of the United States over 5 years ago. This exploit along with other NSA secrets was disclosed by a group called Shadow Brokers in April.

India’s largest port in Mumbai, Jawaharlal Nehru Port Trust shut down all operations in one of its three terminals. According to cyber security firm Kaspersky Lab, Russia and Ukraine were the worst hit with Government agencies, financial firms, banks and a power distributor being affected.

Ukrainian Prime Minister Volodymyr Groysman called the attack “unprecedented,” and the official Ukrainian Twitter account also sent a tweet regarding the growing ransomware attack.

In America, A.P. Moller-Maersk, the world’s largest shipping company said it was also a victim of the attack across multiple sites and business units. Since its initial attack on Tuesday, more than $4,600 has been paid to the hackers bitcoin wallet in 19 payments. But the people behind this ransomware attacks are yet to be found.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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