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ThoughtSpot looks to investing $150M in India to power new product innovations

Modern Analytics Cloud company, ThoughtSpot has announced plans to invest $150M across its operations in India over the next five years. Additionally, ThoughtSpot has announced the opening of a new office in Trivandrum, the company’s third R&D center in India. The new investment will fuel continued product innovation for the Modern Analytics Cloud, empowering every company to build their business on data....

MSH to accelerate XR tech startups with Meta

In collaboration with Meta, the MeitY Startup Hub (MSA) will launch a program to support and accelerate XR technology startups across India, as part of the government’s efforts for skilling in emerging and future technologies. ...

Industrial production declines to four-month low of 2.4% in July

In July, India faced a decline in industrial production. As per official data, the production has declined to a four-month low of 2.4%. ...

Frozen bank accounts of WazirX were released after probe

WazirX has said that the Enforcement Directorate has released the bank accounts it froze, under its money-laundering investigation. It also said most of the users whose information was sought by the ED were already identified as suspicious by WazirX internally and were already blocked. ...

Vedanta to establish its semiconductor project in Gujarat

Vedanta Ltd has selected Gujarat for its semiconductor project, which is considered as the first major step in its $20 billion joint venture with Taiwan’s Foxconn. The project will include display and semiconductor facilities near the largest city of Ahmedabad in the western state....

Google to deliver end-to-end security operations suite with acquisition of Mandiant

Google LLC has completed the acquisition of Mandiant. Mandiant, a leader in dynamic cyber defense, threat intelligence and incident response services will join Google Cloud and retain the Mandiant brand....

UP gained Rs 11,000-crore investments to create industrial hubs

UP’s tier-II and -III towns have garnered investments of more than Rs 11,000 crore in the past two years for a gamut of projects...

Rising credit card and UPI payments show increase in consumption

Rising credit card and UPI payments indicate an increase in consumption whilst the recovery in economic activities with the ebbing impact of pandemic. As per the RBI’s monthly data, the UPI transactions increased from Rs 9.83 lakh crore in April to Rs 10.73 lakh crore in August this year. ...

Fraudsters duped over Rs 1 Crore from Serum Institute

Fraudsters duped vaccine-maker Serum Institute of India (SII) of more than Rs 1 crore by sending messages in the name of CEO Adar Poonawalla and asking for transfer of money. An FIR for cheating and offences under the Information Technology (IT) Act has been registered against unidentified persons. ...

RIL acquires Shubhalakshmi Polyesters

Reliance Industries Ltd has acquired the polyester business of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPTex) for cash consideration of Rs 1,522 crore and Rs 70 crore respectively. ...