Bharti Airtel on Wednesday announced a 5G-ready internet of things (IoT) platform for enterprises with capability to connect and manage billions of devices and applications securely. “Enterprises have three key requirements for IoT. First, connectivity solutions that future proof their device and application investments. Second, the security of their data.Continue Reading
Industry body FICCI has urged the government to ramp up COVID-19 testing across States and open up vaccination for the age group 18-45 years, while assuring it of the complete support of the industry in fighting the pandemic. “We are currently testing about 11 lakh samples a day, while weContinue Reading
What is the Cairn tax dispute about? What did the Permanent Court of Arbitration rule in December 2020? The story so far: In December 2020, a three-member tribunal at the Permanent Court of Arbitration in the Netherlands ruled against India in its long-running tax dispute with the U.K.-based oil andContinue Reading
The restructuring will entail a merger and then demerger of each business into the respective family holding company Story so far: The TVS group has existed for 110 years. Given the various businesses in the group and the interests and priorities in the third and fourth generations of its founderContinue Reading
The U.K.’s development finance institution CDC Group has pruned its stake in Equitas Holdings Ltd. by 2.61% through sale of more than 89 lakh shares in the open market earlier this week, according to a filing. “We have on February 25, 2021, sold (in open market) 89,30,410 equity shares ofContinue Reading
Honda Cars India on Friday said its mid-sized sedan City led the segment last year with cumulative sales of 21,826 units. Staying true to its legacy of being the Japanese automaker’s longest running nameplate in India, the all-new fifth generation City was launched in July 2020 and has once againContinue Reading
Ford Motor has said it will close three plants in Brazil and stop producing automobiles in the South American country. The company said in a statement on January 11 it will cease production immediately at the factories “as the COVID-19 pandemic amplifies persistent industry idle capacity and slow sales thatContinue Reading
The Income-Tax Department determines the authenticity of bills related to expenditures on procurement of goods. The Income-Tax Department on Monday carried out a “limited verification” exercise involving a Zee Group entity to cross-check the documents related to tax payments and expenditures. “The verification exercise has been undertaken based on theContinue Reading
The company hopes to finalise the deal by February. Mahindra & Mahindra (M&M) on Friday said it is in discussions with a potential investor to sell its majority stake in South Korean arm SsangYong Motor Company (SYMC) which has already filed for bankruptcy, and expects to sign a non-binding agreementContinue Reading
HCL Technologies on Friday reported first-quarter revenue jumped 32% from a yr earlier to ₹2,925 crore, and forecast that income would develop 1.5-2.5% quarter-on-quarter in fixed foreign money phrases over the remainder of the fiscal yr. The IT companies firm additionally stated that Shiv Nadar had stepped down becauseContinue Reading
