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DealShare bags $144 million, targets international expansion

DealShare has raised $144 million in a new financing round as it looks to expand its presence in the South Asian market and eye opportunities in international markets. The new financing round, a Series D, was led by Tiger Global and valued the Indian startup at $455 million (post-money), up from the pre-money valuation of $50 million in Series C....

Ingram Micro Signs Distribution Agreement to Offer NVIDIA Products in India

Ingram Micro has announced its distribution agreement with NVIDIA for the India and The South Asian Association for Regional Cooperation (SAARC) region. ...

Matrimony.com to obtain 100 pc stake in ShaadiSaga

Matrimony.com has announced signing definitive agreements to acquire a 100 percent stake in Boatman Tech - the promoters of ShaadiSaga. The transaction is subject to customary closing conditions and regulatory approvals. ...

More than half of the world's population will use mobile wallets by 2025

The biggest report ever on the growth of mobile wallets projects that one in two people will use a mobile wallet by 2025. At the end of 2020, there were over 2.8 billion mobile wallets in use. That number is projected to increase by nearly 74% to reach 4.8 billion mobile...

ZeroFox acquires Vigilant to enhance dark web intelligence capability

Cybersecurity firm ZeroFOX Inc. has acquired “dark web” intelligence research firm Vigilante ATI Inc. for an undisclosed amount. As part of the deal, Vigilante’s team will join ZeroFox, integrating its capabilities into the company’s platform for detecting threats on social media and on digital channels. ...

Cisco launches Webex for Defense for the pentagon

Cisco announced the launch of Webex for Defense, a version of its collaboration platform built specifically for the Pentagon....

Sophos Acquires Capsule8 to Bring Powerful and Lightweight Linux Server and Cloud Container Security

Sophos, a global leader in next-generation cybersecurity, today announced that it has acquired Capsule8, a pioneer and market leader of runtime visibility, detection and response for ...

RBI thrusts penalties on 14 banks for various rule violations

On July 7th the Reserve Bank of India (RBI) imposed monetary penalties on 14 banks including Bandhan Bank, Bank of Baroda and State Bank of India (SBI) for various rule violations. These 14 banks include public sector banks, private banks, foreign banks, Co-operative banks and one small finance bank....

37 telecom gear vendors including Ericsson applies via Jabil for PLI scheme

About 37 telecom gear vendors and contract manufacturers, including Nokia, Cisco, Flex, Foxconn and Jabil, have applied under the Rs 12,195 crore production-linked incentive (PLI)...

Govt has created a 'mess' on new IT Portal says Shashi Tharoor

Senior Congress leader Shashi Tharoor attacked the Centre over the glitches in the new Income Tax portal, alleging that even after spending Rs 4,200 crore on it, the government had "failed" to make it user-friendly and created a "mess" instead....