Ericsson to buy wireless networking firm Cradlepoint in $1.1 bln deal
The deal, Ericsson’s largest in more than a decade, would give it access to tools that can connect devices using the so-called Internet of Things over a 4G or a … Read More
Category: Industries
Hurricane Sally power outages top 540,000 in Alabama, Florida and Georgia
Why Hurricane Sally has been so hard to predict Mississippi Gov. Tate Reeves (R) on how his state is faring as Hurricane Sally continues to hit his region. Hundreds of … Read More
₹100 cr. penalty imposed on Standard Chartered Bank, ₹17 cr. on TMBL
ED says Authority found them and some others contravening FEMA provisions in case related to unauthorised shares allocation The Adjudicating Authority under the Foreign Exchange Management Act (FEMA) has imposed … Read More
Bold action needed to revive economy, says industry
FICCI warns of quagmire of low-demand, low-income cycle Following a 23.9% contraction in GDP in the first quarter of FY21, industry has urged “bold and decisive” action from the government … Read More
IT services will continue to be significant part of India’s job environment: TCS CEO
Rajesh Gopinathan also emphasised on the need for experienced IT professionals to embrace automation and other new technologies to remain competitive even as youngsters, who could be native to these … Read More
BPCL to offer stock options to employees
Employee Stock Purchase Scheme will post shares at one-third price for staffers. State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price … Read More
ITC says near-term outlook uncertain, localised lockdowns impacting recovery
Other than the hotels segment and cigarettes, education and stationery products, progressive normalisation was witnessed in the later part of the first quarter across all operating segments Diversified group ITC … Read More
Gautam Adani says airports to create adjacencies for group businesses
“It is airports that enable this speed and we see airports as the nucleus around which we can catalyse business.” Billionaire Gautam Adani on Wednesday said his ports-to-energy conglomerate acquiring … Read More
India’s state refiners halt crude oil purchases from Chinese firms
July 23 order tightens rules to participate in Indian tenders Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhi’s recent regulation aimed … Read More
HDFC Bank unveils Shaurya card to provide agri loan to members of armed forces
The product comes with life cover of ₹ 10 lakh as against ₹ 2 lakh for an average card. HDFC Bank Ltd. on Friday announced the introduction of ‘Shaurya KGC … Read More