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RIL to begin its rights issue on May 20
The right issue of Reliance Industries Limited (RIL) will open for subscription on May 20. The opening date of the issue is May 20 and the closing date is June 3, RIL said in stock exchange filing....
Tencent enters video conferencing space with VooV Meeting, to compete with Zoom, GoogleMeet and others
Tencent recently has launched VooV Meeting, a Zoom-like video conferencing platform with advanced features to woo consumers in India. ...
Telecom and IT associations not is favour of separate regulatory body for cloud service providers
Associations like Nasscom and Cellular Operators Association of India (COAI) have opposed the proposal to form a regulatory body for Cloud Service Providers (CSP). The proposal is put forward by Telecom Regulatory Authority of India (Trai). Associations stood against it as this would negatively impact the growth of the industry....
WFH to impact SEZ income deductions for IT firms
The information technology sector has requested the Centre to amend many of the existing laws and regulations such as those covering labour and social security. But another issue that could impact them is uncertainty on income deductions...
MasterCard to open Fintech Cyber Innovation lab in Isreali
MasterCard is joining forces with energy outfit Enel X to establish a lab in Israel which will focus on innovation in financial technology and cyber security. The lab will partner with startups to test and develop products, with a focus on digital security, fintech platforms, digital authentication and financial inclusion....
Govt. announces $80 bn funds, liquidity schemes for MSMEs, NBFCs
PM Narendra Modi has announced of Rs 20 trillion ($266 billion) stimulus package to restart the economy hit hard by the nationwide lockdown....
Microsoft announces acquisition of Metaswitch Networks
Microsoft has inked a definitive agreement to acquire UK-based Metaswitch Networks, a provider of virtualised network software and voice, data and communications solutions for operators, for an undisclosed sum....
After Paytm Money CEO, CTO & Operations Head step down
Paytm Money’s Chief Executive Officer (CEO) Pravin Jadhav has recently resigned and now it is being heard that Chief Technology Officer (CTO) and Operations Head too have put down his papers. ...
People are facing more Corona related e-attacks in 2 weeks
According to a study, nearly half of Indian consumers are more worried about frauds while making digital transactions amid the coronavirus crisis. About 28 per cent of consumers are now exercising more caution while making payments using various digital modes....
Microsoft, Oracle, Paypal & other US Companies show interest for investing in Odisha
As per officials, several US companies have expressed their interest for investment in Odisha. The perspective investors interacted with Chief Secretary Asit Tripathy and other senior officers of the state under the leadership of Dr Mukesh Aghi, President and CEO of US-India Strategic Partnership Forum (USISPF)....