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 […]
Read moreThe 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 […]
Read moreGovernment 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 […]
Read moreRBI bars People’s Co-operative Bank from granting fresh loans, accepting deposits for six months
These directions will remain in force for six months from the close of business on June 10 and are subject to review, the RBI said The Reserve Bank of India (RBI) on Thursday said it has barred Kanpur-based People’s Co-operative Bank from granting fresh loans and accepting deposits for six […]
Read moreArvind 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 […]
Read moreRoutinely work with digital players; no other activity to report, says Airtel on reports of Amazon investment
According to a report by Reuters, Amazon is in early-stage talks to buy a stake worth $2 billion in Bharti Airtel. Amid reports of U.S.-retail giant Amazon looking at investing at least $2 billion in it, Bharti Airtel on Thursday said the company routinely works with digital players to bring […]
Read moreGovt. 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 […]
Read moreCapgemini’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 […]
Read moreUber 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 […]
Read moreAditya Birla MF suspends fresh inflows into two debt schemes
Fund house does not want to dilute them as ‘significant gains have been made’ Aditya Birla Sun Life Mutual Fund has temporarily suspended fresh investments in two of its debt schemes — Medium Term Plan and Credit Risk Fund —with effect from Friday. The fund house said that it had […]
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