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Reliance Industries plans to invest US$1.6Bn to increase Viacom18 stake

Indian conglomerate Reliance Industries is looking to raise US$1.6 billion to buy ViacomCBS out of their joint-venture operation Viacom18. ...

DoT drops plan on adoption of 5Gi following strong opposition from telecom companies

The Department of Telecommunications (DoT) is discarding its plan to push for the adoption of the local 5G standard — called the 5Gi — following strong opposition from telecom companies. The Telecommunications Standards Development Society India (TSDSI), the Telecommunication...

Ola Electric valued at $5 billion after raising $200 million

After Bhavish Aggarwal founded Ola Electric raised $200 million from Tekne Private Ventures, Alpine Opportunity Fund, and Edelweiss, among others, the electric two-wheeler manufacturer is now valued at $5 billion. ...

Data Privacy Day is an effort to safeguard data and enable trust

Millions of people are unaware of and uninformed about how their personal information is being used, collected or shared in our digital society. Data Privacy Week is an international effort to empower individuals and encourage businesses to respect privacy, safeguard data and enable trust. January 28 is celebrated as Data Privacy Day (DPD) across the world....

Micron to close DRAM chip design operations in Shanghai

Memory chip maker Micron Technology will shut its DRAM chip designing operations in Shanghai by the end of this year. ...

Swiggy becomes a decacorn after doubling its valuation to $10.7 billion in latest fundraise

Food-delivery giant Swiggy has doubled its valuation to $10.7 billion after raising $700 million in an Invesco-led new funding, which has made the outfit a decacorn, according to sources. Swiggy’s latest valuation is almost double that of Zomato, before the latter went for its initial public offering. Before its IPO, Zomato was valued at $5.4 billion. ...

Kia Carens to heat up three-row MPV market of India in 2022

Despite the COVID-19 impact, new vehicle launches in India have been able to charge up the local market. In line with this, Kia Motors India recently launched its new 7...

HFCL responds to Sterlite infringement claims, calls it baseless

HFCL Limited and Sterlite Technologies (STL) are involved in a dispute with the latter alleging that HFCL is making a type of optical fibre cable for which it has a patent. STL, on Thursday has secured an ex-parte ad-interim injunction against HFCL in a patent infringement litigation filed in the Delhi High Court. ...

Mastercard announces virtual card to speed up B2B payments

Mastercard has announced the unveiling of a virtual card offering that uses machine learning and straight-through processing for instant payment of supplier invoices. ...

Digital health gains traction amid COVID-stricken phase of CES 2022

Digital health is the fastest-growing category within the healthcare industry. This reflects in the Consumer Electronics Show (CES) 2022 held in Las Vegas, as several healthtech innovations including biosensing wearables, remote patient diagnostics, and monitoring services, telemental health and digital therapeutics hogged the limelight at the event, finds GlobalData, a leading data, and analytics company....