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Google Pay does not operate any payment systems: RBI to Delhi High Court

Google Pay is a third party app provider (TPAP) and does not operate any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007, confirmed RBI to Delhi HC....

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ExtremeCloud IQ now available on all major Cloud Service Providers

Extreme Network’s global footprint extends across 16 data centers on five continents, in 12 countries, allowing subscribers to choose according to geographical requirements. Over 1 million devices are under management in a cloud platform capable of continuous operation (zero-unplanned downtime)....

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Vodafone Idea may pay Rs1k-2k crore as upfront payment

According to sources, Vodafone Idea (VIL) may deposit Rs 1000-2000 crore as a ‘reasonable’ upfront payment in order to avail of a staggered payment of adjusted gross revenue (AGR) dues.   ...

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Unacademy completes acquisition of CodeChef

Unacademy has announced the acquisition of CodeChef. The acquisition is to help Unacademy launch coding skills vertical for school kids. Though it is not clear how CodeChef will be positioned as it was not for a profit venture under its previous owner – Directi. ...

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PM launches Auction process of Coal blocks insists on reducing imports

Prime Minister Narendra Modi launched the auction process of 41 coal mines for commercial mining through video conference and reiterated his call for India to become self-reliant in energy by reducing imports.Despite having the world’s fourth-largest coal reserves and being the second-largest producer, the country is the second-largest importer....

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Most Businesses Overestimated Their Digital Readiness to Adapt to the Pandemic

New research from Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation (DX) at the world’s leading enterprises, reveals most business leaders overestimated the state of their digital transformation efforts – which hampered their ability to adapt to the pandemic. Nearly three quarters (74%) of business decision makers said the crisis exposed more gaps in their business operations and systems than they originally expected....

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Reliance Industries becomes debt free in 58 days

Reliance Industries announced that it has now finally managed to become debt free and that they will move towards the listing of both Jio and Reliance Retail within the next five years....

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Serum Institute of India will play pivotal role in development of COVID-19 vaccines

Serum Institute of India (SII) is the world’s largest vaccine producer in terms of volume. SII is currently working on three candidates for COVID-19, including the testing of its recombinant-BCG vaccine in Phase 3 clinical trials at several locations across India. With these, SII continues to play a pivotal role in the development and commercialization of COVID-19 vaccines, says GlobalData, a leading data and analytics company. ...

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Verizon Business expands Virtual Network Services portfolio

Verizon Business is expanding its Virtual Network Services (VNS) portfolio for enterprise customers with the introduction of Cisco’s 5000 Series Enterprise Network Compute System (ENCS). The Cisco ENCS purpose-built platform will now be included within Verizon’s catalog of virtual network functions and service chains that are offered to customers. ...

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Airtel assures to go an extra mile for its customers

Airtel said that it has set itself a target of answering and resolving every single customer query, learn quickly from failures and ensure they don’t get repeated. And the company is taking this message to customers across India through a bold multi-channel marketing campaign....