Microsoft Acquires CyberX To Boost IoT Security Capabilities

Microsoft Corp. (MSFT) said Monday it is acquiring CyberX, a cybersecurity startup focused on developing a platform to protect internet-controlled industrial control systems. Terms of the deal were not disclosed, but multiple reports said the acquisition was in a range of $165 million. Microsoft noted that the acquisition of CyberX […]

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The numbers must stack up

Determining the exact insurance cover required by an individual involves an interplay of several factors How much insurance should I have? This is a billion-dollar question to almost all insurance prospects. In fact, nobody on earth can either mitigate or indemnify the loss and the hardship faced by the deceased’s […]

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Government holds back full IIP data for April

It is not appropriate to compare the IIP of April 2020 with earlier months, said MOSPI in a statement The government on Friday held back the release of the complete data of index of industrial production for April, saying it is not appropriate to compare the IIP data with earlier […]

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Arvind to offer anti-viral fabrics

Ties up with HeiQ, Jintex to introduce Viroblock textile technology in India Arvind Ltd., a textile-to-retail conglomerate, has entered into technical collaboration with Swiss textile innovator HeiQ Materials AG and Taiwanese speciality major Jintex Corporation to introduce anti-viral Viroblock textile technology for the first time in India under its brand […]

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Govt. rejects Flipkart’s proposal for entering food retail sector

Commenting on the development, a company spokesperson said that Flipkart intends to re-apply for the permit The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday. The […]

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Capgemini’s Delaporte to take over as Wipro CEO and MD

Frenchman had spent 25 years with the consulting firm Wipro Limited on Friday appointed Thierry Delaporte as its new CEO and MD. The appointment is effective from July 6. In a regulatory filing, Wipro said: “Until recently, Thierry Delaporte was the chief operating officer of Capgemini Group and a member […]

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Uber India to lay off 600 people

Company employs about 2400 people in the country. DivaCab aggregator Uber on May 26 said it would lay off about 25% of its employees in India due to the negative impact of COVID-19 on the business. The company employs about 2,400 people in the country. The move comes close to […]

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