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Shoppers Stop traded Crossword Bookstores to Agarwal Business House

As per reports, Shoppers Stop sold its wholly owned subsidiary Crossword Bookstores to its Pune-based franchisee Agarwal Business House at a gross business valuation of Rs 41.62 crore....

Yellow.ai, conversational AI raises $78 million in Series C

Yellow.ai, formerly known as Yellow Messenger, a conversational AI platform, founded in 2016 by Raghu Ravinutala, Rashid Khan and Jaya Kishore Reddy has recently able to raise $78.15 million in Series C funding round. ...

India's Forex reserves surge by $9.42 bn to all-time high of $620.57 bn

There is a rise in the reserves that was on the back of an increase in foreign currency assets (FCAs), a major component of the overall reserves, the Reserve Bank of India's data shows. FCA has increased by $8.596 billion to $576.224 billion in the reporting week. ...

Tech giants Google, Amazon, and Microsoft Join US Cyber defense team to fight Ransomware

The ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. The U.S. government has formed a team with the help of tech companies,...

Jio Fiber intros 'Camera on Mobile' feature, allows users to make video calls from TV using smartphone camera

The users of Jio Fibre can now enjoy video calls from their TVs without requiring an external camera or webcam. The new feature is named ‘Camera on Mobile' and is available through the JioJoin app (previously named JioCall) available for Android and iOS devices....

Deloitte buys industrial cybersecurity business aeCyberSolutions

Deloitte Risk & Financial Advisory announced the acquisition of the industrial cybersecurity business (aeCyberSolutions), S.C.-based Applied Engineering Solutions, Inc. (aeSolutions). The deal will bolster Deloitte's existing cybersecurity offerings with the...

Oracle introduces Verrazzano container platform for Kubernetes

Oracle with its Verrazzano Enterprise Container Platform, has announced a way to deploy and manage container-based applications in Kubernetes in multicloud and hybrid cloud environments....

ED issues Rs 10,600-crore notice on Flipkart for forex violations

The Enforcement Directorate (ED) has issued a show cause notice of about Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law. ...

Wipro to get back employees to offices from September onwards

Indian IT major Wipro is likely to bring employees slowly back to work from September as vaccination gains pace, depending on the pandemic and third wave, said Saurabh Govil, chief human resources officer, Wipro. This will vary between country by country and different stages of the pandemic,...

Netradyne valued $1 billion by raising $150 million from Softbank Vision Fund

US based start-up Netradyne has raised USD 150 million in series C round led by Softbank Vision Fund at a valuation close to USD 1 billion. Existing investors Point72 Ventures and M12 also participated in the round. The company plans to leverage this new funding to advance its core technology...