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MamaEarth raises $80 million at unicorn valuation

Baby and mother care brand Mamaearth has raised nearly $80 million in a new round led by Sequoia at a unicorn valuation of $1.07 billion. Mamaearth is one of the fastest-growing brands in India’s FMCG sector....

AU Small Finance Bank ropes in Ex-RBI Deputy Governor HR Khan on board

AU Small Finance Bank has appointed Harun Rashid Khan as Non-Executive Independent Director (Additional Director) of the board for three years, effective immediately. This appointment is part of AU Small Finance Bank's effort to expand and strengthen its Board by inducting professionals with diversified experience across banking and finance, the company said. ...

Central Bank of India launches RuPay Business Platinum Debit Card

Central Bank of India (CBoI) has announced its partnership with the National Payments Corporation of India (NPCI) to launch a tailor-made offering for firms/corporates – ‘Central Bank of India RuPay Business Platinum Debit Card’. Stacked with multiple attractive...

2022 will witness the 3rd year of disruption in IT sector

The IT sector saw a drastic change in its talent management strategy - from mass layoffs in 2020 to mass recruitment in 2021. As per Monster Employment Index data, compared to June 2021, July 2021 witnessed an overall monthly growth of 4 per cent in hiring. While, overall job postings have also improved by 8 per cent year-on-year....

Microsoft informs users about security bug in Azure Cloud

Microsoft has informed users about a 'NotLegit' bug in Azure Cloud that may have put some customers' data at hacking risk. The Microsoft's Security Response Centre (MSRC) was informed by cloud security vendor Wiz.io, of an issue where customers can unintentionally configure the '.git folder' to be created in the content root, which would put them at risk for information disclosure....

OneWeb launches 36 satellites to bring in-orbit constellation to 394 satellites

Bharti backed OneWeb, the Low Earth Orbit (LEO) satellite communications company, is launching 36 more satellites by Arianespace from the Baikonur Cosmodrome. This latest launch, and the 9th since December 2020, will bring OneWeb’s in-orbit constellation to 394 satellites. This will represent 60 percent of OneWeb’s planned 648 LEO satellite fleet that will deliver high-speed, low-latency global connectivity....

Swadeshi Jagran Manch urges a ban on crypto trading

The Swadeshi Jagran Manch (SJM) has called on the Government to impose an ‘outright ban’ on dealing in cryptocurrencies for Indian residents while granting a short time window for those already holding them to sell or exchange them with disclosures to the Income-Tax authorities. ...

Airtel Payments Bank crosses 1 billion transactions mark

The Airtel Payments Bank surpassed one billion transactions milestone on its platform during the second quarter. With annualized revenues of over Rs 1,000 crore, the bank turned profitable in September quarter. ...

Reliance Digital Health invests in oncology-focused startup Karkinos Healthcare

Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health. The oncology-focused managed healthcare platform, backed by Ratan Tata personally and the Tata Group, has other major angel investors that include Venu Srinivasan, Kris Gopalakrishnan, Ronnie Screwvala, Vijay Shekar Sharma and Bhavish Agarwal. ...

Anti-dumping duty imposed on 5 Chinese goods by India

India has imposed anti-dumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country. ...