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Zostel urges Sebi to discard and suspend Oyo's proposed IPO

Zostel (Zo Rooms) has written to Securities and Exchange Board of India urging the regulator to reject Oyo's draft red herring prospectus (DRHP) and suspend its proposed initial public offering (IPO). A news source has reviewed a copy of the letter. Earlier the news source reported about Zostel's plan to move Sebi on October 4, saying it had firmed up plans to ask the regulator to restrict Oyo's $1.2-billion IPO, citing its ongoing legal dispute with the Gurgaon-based firm. ...

Bengaluru police held 3 for 'honey-trapping and extorting money'

The Bengaluru police have arrested three members of a gang, including a woman, allegedly involved in honey trapping a 36-year-old man on October 6. Mico Layout police said a probe is underway to nab more persons involved in the case....

350-bed Infosys block to be launched soon at Sri Jayadeva Institute of Cardiovascular Sciences

The state-run Sri Jayadeva Institute of Cardiovascular Sciences is now well equipped to handle the increasing daily caseload for cardiac emergencies and elective cardiac care with the completion of 350-bed Infosys Foundation cardiac hospital complex. ...

Blackhawk Network Acquires Digital Rewards Startup Rybbon

Global payments provider Blackhawk Network announced its acquisition of Rybbon, a leading digital rewards platform based in Washington DC, USA and in Calicut, Kerala, India. With this partnership, Blackhawk puts the power of its scale and experience as the incentives industry leader behind Rybbon’s SaaS-based platform to make digital rewards more delightful, impactful, and easy to integrate...

Citrix® and Google Cloud Team to Deliver Future of Hybrid Work

Citrix Systems, Inc. (Nasdaq: CTXS) and Google Cloud are expanding their strategic partnership to deliver the future of hybrid work for enterprise customers. The companies today announced a new collaboration which will include Citrix launching a new Desktop-as-a-Service (DaaS) offering on Google Cloud. ...

Marvell Completes Acquisition of Innovium

Santa Clara, Calif: Marvell Technology announced that it has completed its acquisition of Innovium, Inc., a leading provider of networking solutions for cloud and edge data centers. ...

The US is home to 50% of tech unicorns with collective value of $1.3 trillion

Unicorns – privately held startups worth over $1bn – first emerged in the US in the early 2000s, and the country continues to dominate the unicorn club. As of 31 August 2021, there were 751 tech unicorns globally, of which 379 are headquartered in the US - with a collective valuation of $1.3 trillion....

IBM threatens to suspend its employees if not vaccinated

The world is finally opening up after a very long lull of almost 1.5 years. But getting back to business is coming with many conditions for everyone. Various organizations are already making efforts to welcome back their employees while also rearranging the office places so that there is minimum possibility of Covid infections inside the premises. Along with that, corporations are incentivizing their employees to get fully vaccinated as soon as possible....

Telecom secretary launches Quantum Communication Lab

Department of Telecommunications' DCC Secretary K Rajaraman has asked the Centre for Development of Telematics (C-DOT) to start working on 6G and other futuristic technologies. He advised C-DOT to focus on commercialisation of technology and consider setting up incubators. Rajaraman also complimented C-DOT for its role in developing indigenous 4G technology and ongoing 5G development project....

Case registered against Dream 11 following ban on online gaming in Karnataka

A case has been registered against Dream 11, an online fantasy sports platform in Bengaluru, days after the Karnataka government amended the Karnataka Police Act, 1963, which seeks to ban online gaming and curtail online gambling. This is probably the first case registered after modifying the law to curb online gaming....