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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. ...

Man arrested for creating 36 fake GST firms

A man allegedly creating a web of 36 fake GST firms was arrested in Mumbai on Friday. Central Goods and Services Tax (CGST) officials said that through these firms he generated fake invoices of Rs 132 crore and availed or passed on fake Input Tax Credit (ITC) of Rs 23 crore. ...

Nxtra by Airtel to install fuel cell technology to provide clean energy

Bharti Airtel (“Airtel”) has announced that its subsidiary Nxtra Data Limited (“Nxtra”) has partnered with Bloom Energy to deploy low environmental impact fuel cell installation at its data center in Karnataka, reducing carbon emissions through a cleaner, hydrogen ready fuel supply. ...

Govt to prepare a list of approved digital lending apps

The Indian government is scrutinizing the digital lending apps to segregate those which conduct unethical lending and recovery practices. The central bank has been asked to prepare a list of legal digital lending apps while the government will help ensure that only such apps conduct lending....

Ministries argue over regulating OTT platforms

Key ministries are having mixed conclusions over the issue of regulating OTT players, or apps, such as WhatsApp, Telegram and Signal. The Ministry of Home Affairs (MHA) and Department of Telecommunications (DoT) have backed the idea, from the perspective of national security and public safety. ...