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Airtel states reports of Amazon looking to buy $2 bn stake in the company as speculation

A day after various reports, citing sources, stated that Amazon was in talks to buy a stake in Bharti Airtel for $2 billion, the telecom major has downplayed this as mere speculations. "Such speculative reporting while moving the stock price leads to unwarranted consequences and can result in reputational impact," the operator said in a statement....

MyGate Implements GDPR Guidelines To Give Users Complete Information Control

MyGate, India’s largest security and community management solution, has significantly strengthened its commitment to information privacy by announcing that it has implemented General Data Protection Regulation (GDPR) guidelines. ...

Mobile phone industry considers government's new manufacturing schemes as 'game changer'

The mobile phone industry views the announcement of manufacturing incentives to companies as a ‘game changer’. This is in line to make India a global handset manufacturing hub and also resurrect domestic players and give way to new entrants....

Reliance Industries bags India's biggest-ever rights issue of Rs 53,124 crore

According to the company, Reliance Industries has bagged India's biggest-ever rights issue of Rs 53,124 crore after it closed with an oversubscription of nearly 1.6 times. The world's biggest rights offering by a non-financial company in at least...

20 Delhi Metro staff tested COVID-19 positive

As per the government orders to ensure the smooth resumption of metro operations by avoiding any inconvenience to the passengers, Delhi Metro Rail Corporation (DMRC) officials were reported back to their duties after the phased lockdown. According to sources, ...

NetApp to take over Spot

NetApp announced it has entered into a definitive agreement to acquire Spot, a leader in compute management and cost optimization on the public clouds, to establish leadership in Application Driven Infrastructure....

Biocon MD Kiran Mazumdar Shaw claims Healthcare to be the next IT sector

Biocon Chairman and MD, Kiran Mazumdar-Shaw said that in order to save jobs, India needs to press the accelerator on further policy and regulatory reforms and top industry captains are battling for livelihoods, as India readies to open up its economy. ...

Wickr bags contract worth $35 million to develop Air Force Comms App Suite IDIQ

San Francisco based Wickr has received a contract of two years, worth $35 million to develop a suite of recall, alert and messaging applications for the U.S. Air Force. ...

NASSCOM President Debjani Ghosh throws light on ‘Layoffs to get worse’

NASSCOM has released a survey on the impact of COVID-19 on India’s startup ecosystem in May. The survey has found that 70 percent of domestic startups, primarily early and mid-stage ones have a cash runway of less than three months....

RIL receives overwhelming response at its Rights Issue of Rs. 53,124.20 crore

Reliance Industries announced that it has achieved successful closure of its Rights Issue of Rs. 53,124.20 crore. It was subscribed approximately 1.59 times, cumulating to an overall commitment of over Rs. 84,000 crore...