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Thales to set up MRO centre in India

French aerospace and defence major Thales Group is looking at setting up its own maintenance, repair and overhaul (MRO) centre in India. It is going to build the hardware on which this software is embedded, in India too and will double the number of engineers on roll in a year...

NIXI proposes new regulations to keep a check on fraudulent websites

In a bid to control fraudulent websites with .in domain name, the National Internet Exchange of India (NIXI) in January has come up with a new regulation. Individuals now have a limit of up to two websites, after which they would need permission from NIXI CEO to open up a third website with .in domain name. Businesses and companies can however create up to 100 websites, post which they too need to seek permission. ...

FCA orders termination of all UK crypto ATMs

The UK's Financial Authority says that any cryptocurrency ATMs operating in the UK must be shut down. Operators will be contacted by the FCA and told to shut their machines down or face further action....

Banks to permit UPI with Aadhaar card, OTP this week

Bank account holders will now be able to use their Aadhaar card and OTP in place of a debit card from March 15, 2022. Banks have been instructed to activate this UPI service for all bank account holders. The feature was first released by the NPCI to help customers who either don’t have a debit card or whose debit card has not been activated to start using UPI....

Did Ashneer Grover really spend $130,000 on a dining table?

Co-founder of BharatPe, Ashneer Grover, who quit the fintech platform mid serious allegations of financial wrongdoings against him and his wife Madhuri Jain Grover allegedly "purchased a Porsche" during his stint at the company....

Vodafone Idea to change from Huawei to Nokia for its 4G Network Business in India

Vodafone Idea (Vi) is in talks with Nokia for the 4G network business. Vi currently uses Huawei’s telecom gear in the country, but according to reports, the company is looking to swap its partner. As per the deal, Nokia will be entrusted to put up 12000 5G-ready radio sites and 4,000 small cells for Vi in Delhi. The decision to go with Nokia will allow Vi to operate and manage its 2G, 3G, 4G and 5G from the same platform, and the deployment could start from next month....

Tech Mahindra to acquire 100% stake in Mumbai-based Thirdware Solutions

Tech Mahindra has announced that it will be acquiring 100 percent equity shares in Mumbai-based Thirdware Solutions in an all-cash deal for a total consideration of up to $42 million including earnouts. The transaction is expected to conclude by May 31, 2022, as stated by the IT services company....

Centre invites applications from drone industry for PLI scheme

The civil aviation ministry has invited applications from the drone industry for the production-linked incentive (PLI) scheme, notified last year. The application form is of one page only, along with the certificate from the head of organisation and the statutory auditor....

China accuses U.S. of using its computers to launch cyberattacks on Russia, Ukraine

The National Computer Network Emergency Response Technical Team/Coordination Center (CNCERT/CC) of China, a cybersecurity technical centre that leads efforts to prevent and detect cybersecurity threats to the country, cited that China has experienced continuous cyberattacks since last month in which internet addresses in the United States have been used to seize control of Chinese computers to target Belarus, Russia and Ukraine. ...

TCS plans to achieve $50Bn by 2030

IT major Tata Consultancy Services (TCS) is planning to remould the organisation structure to align with customers more closely, as it aims to achieve $50 billion or about Rs 3.89 lakh crore revenue by 2030. The company is planning to create an integrated organisational structure based on curated customer journeys. ...