Latest news with #Saldanha
Bloomberg
17 hours ago
- Business
- Bloomberg
Glencore JV Buys Into Giant Oil Storage Site With Surplus Ahead
A Glencore Plc joint venture is buying into Africa's biggest oil storage site at a time when the market is bracing for an expected oversupply. Aquarius Energy said Wednesday it had finalized a deal to acquire a 37% stake in the massive South African facility. The transaction — for Oiltanking's share in MOGS Saldanha OTMS — was first announced last year, but is being completed as oil trading firms begin positioning for an anticipated surplus.
The Verge
2 days ago
- Business
- The Verge
Yelp is creating its own AI videos about restaurants
Yelp is going to use AI to stitch together user-posted content about restaurants, food, and nightlife businesses to make short videos about those businesses. The company initially started testing the AI-stitched videos last year, but they're now available nationwide on the iOS app's TikTok-like vertically scrolling home feed. Business operators can't currently see the videos that are generated for users, and Yelp users also can't currently opt out of having their photos or videos show up in Yelp's AI-stitched videos. Yelp relies on multiple generative AI tools to create the finished product, as OpenAI LLMs write the text descriptions and narrator's script, put together story topics, and proofread, while ElevenLabs is used to generate the narrator's voice and Amazon Transcribe creates the synchronized on-screen captions. You can get an idea of what they're like in the below video shared by Yelp. The vertical video blends together videos and images with an AI-generated voiceover and AI-generated captions to talk about things like the restaurant's food, cocktails, and ambiance. Yelp wants to make 'as many videos as possible,' Yelp CPO Craig Saldanha tells The Verge, but will only make them if a restaurant has enough reviews, photos, and videos to tell a compelling story. Yelp relies on personalized signals to determine when to actually show the videos to you. The videos themselves are not personalized, even though they are eventually refreshed — there is only one active AI-stitched video about a single business live at a time, according to Saldanha. If a user or a business feels that an AI-stitched video is inaccurate or offensive, Saldanha says they can report it by tapping the three dots in the top right corner of the video. Yelp does periodic audits 'at scale' as well. The AI-stitched videos follow other AI-focused features from Yelp, like review summaries and review filters. Posts from this author will be added to your daily email digest and your homepage feed. See All by Jay Peters Posts from this topic will be added to your daily email digest and your homepage feed. See All AI Posts from this topic will be added to your daily email digest and your homepage feed. See All Apps Posts from this topic will be added to your daily email digest and your homepage feed. See All Exclusive Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
The Hindu
22-07-2025
- The Hindu
Roshan Saldanha accused of cheating Bihar-based businessman, CID to probe case
A fresh cheating case has been registered against Mangaluru resident Roshan Saldanha, who was arrested recently on the charges of cheating businessmen of easy loan. In the complaint registered at the Mangaluru Cyber Economic and Narcotic Crime (CEN) police, a Bihar-based businessman accused Saldanha of cheating him of over ₹10 crore. As the amount involved in the cheating was more than ₹10 crore, Police Commissioner Sudheer Kumar Reddy said the case was transferred to the Criminal Investigation Department (CID) for further investigation. Mr. Reddy said the CEN police have traced more accounts of persons who have been cheated by Saldanha. Further action will be taken after checking the related bank transactions, he said. Saldanha, a resident of Bollagudda in Bajal, was arrested by police on July 17 for cheating entrepreneurs and others of over ₹32 crore. Promising easy loans, Saldanha collected 'stamp duty charges' from entrepreneurs and did not pay the loan amount to them, the police said.
News18
22-07-2025
- Business
- News18
CID to probe multi-crore fraud case in Karnatakas Mangaluru
Agency: PTI Mangaluru (Karnataka), Jul 22 (PTI) The multi-crore fraud case involving a 43-year-old prime accused, Roshan Saldanha, has been transferred to the Criminal Investigation Department (CID) on Tuesday for further investigation, police said. Saldanha, a resident of Bajal in Mangaluru, is currently in judicial custody, they said. He is accused of 'duping" investors of several crores of rupees through fraudulent investment schemes that promised high returns, police said, adding that multiple complaints have been lodged against him by victims from various parts of Dakshina Kannada and beyond, alleging that they were misled by Saldanha's schemes and guarantees. The Mangaluru City Police have filed a formal petition before the jurisdictional court seeking Saldanha's custody, which will be heard on July 23. A case was registered against Saldanha by the CEN police station based on a complaint from a businessman from Bihar, alleging fraud related to a land transaction amounting to Rs 10 crore, police said. The case involves the use of forged documents, shell companies, and sophisticated methods of financial manipulation, they said. According to legal provisions, fraud cases exceeding Rs 10 crore in value are eligible for CID investigation. A formal request was submitted earlier, and the CID has now agreed to take up the probe. Saldanha, already in judicial custody for other financial frauds, now faces two FIRs in Mangaluru alone, including a recent one from a Hyderabad-based individual alleging a Rs 1 crore fraud, they said. According to the police, additional complaints have surfaced against him involving victims from Maharashtra, Assam, and Andhra Pradesh–the largest being a Rs 20 crore fraud case from Assam and a Rs 5 crore case from Maharashtra. A Rs 40 lakh cheating case has also been registered at the Chitradurga Town police station. Mangaluru City Police Commissioner Sudheer Kumar Reddy said other existing cases will continue to be probed by the local police. As the investigation progresses, officials have identified multiple bank accounts associated with Saldanha with transactions exceeding Rs 50 crore. The police have sought custodial interrogation to uncover the full extent of the fraud, track the flow of funds, identify accomplices, and determine whether more victims are involved. Investigators in the police department believe that Saldanha may have operated through multiple channels to project legitimacy, thereby gaining the confidence of unsuspecting investors. The case has garnered widespread public interest given the high value of the fraud and its ripple effect on individuals and families across the region. Meanwhile, authorities have appealed to victims across the country to come forward with any additional complaints or information related to the case and report to local police stations or contact Mangaluru Police. PTI COR AMP KH view comments First Published: July 22, 2025, 14:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Indian Express
22-07-2025
- Business
- Indian Express
CID to probe fraud case involving over Rs 10 crore against Mangaluru businessman Rohan Saldanha
The Mangaluru city police Tuesday transferred one of the cases against businessman Rohan Saldanha, who is accused of cheating hundreds of crores of rupees from wealthy entrepreneurs in Karnataka and other states, to the Criminal Investigation Department (CID). The case, which was initially registered at the CEN police station, involves allegations of cheating a businessman from Bihar of more than Rs 10 crore in a fraudulent land transaction. According to current regulations, fraud cases involving amounts of Rs 10 crore or more are transferred to the CID for special investigation. Sudheer Kumar Reddy, Police Commissioner, told media that while this particular case moves to CID, other complaints against Saldanha filed at the CEN station will continue under local police investigation. The Mangaluru city police arrested Saldanha from his house Friday and found hidden chambers, secret stairways, a luxury mini-bar, and multiple CCTV cameras installed to track anyone approaching the property. Since Saldanha's arrest, multiple complaints have been filed across states against him. A Hyderabad resident filed a fresh complaint claiming he was defrauded of Rs 1 crore, leading to another FIR at the CEN police station. Other cases include alleged cheating of businessmen from Maharashtra (Rs 5 crore), Assam (Rs 20 crore), and Andhra Pradesh (Rs 40 lakh), with the latter registered at the Chitradurga town police station. Authorities have uncovered bank accounts linked to Saldanha showing transactions exceeding Rs 50 crore. The police are currently scrutinising these financial records to identify more potential victims and trace the money trail. Commissioner Reddy announced that police are preparing documentation to request Saldanha's custody for further interrogation. A petition will be submitted to a court Wednesday seeking police custody to advance the investigation, he said. After his arrest, the police said that Saldanha targeted affluent people by promising business loans worth up to Rs 500 crore and real estate investment opportunities. His modus operandi, they said, involved collecting advance payments between Rs 50 lakh and Rs 4 crore on the pretext of processing fees and legal clearances. After receiving the amount, Saldanha would allegedly vanish, leaving the victims stranded, the police said.
