Alibaba Cloud to Open First Data Centre in India by Next Year
Jun12

Alibaba Cloud to Open First Data Centre in India by Next Year

On Saturday, Alibaba Group which is the cloud computing arm of Chinese e-commerce company announced that it would open its first data centre in India next year. Because the group of company declares that, India is the world’s second-largest Internet using population. Group confirms that the data which will be set up in Mumbai by March 31, 2018, by adding another one will come up in Jakarta. For players like Amazon and Microsoft,...

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Bitcoin Options Exchange LedgerX Raises $11.4 Million in Funding
May22

Bitcoin Options Exchange LedgerX Raises $11.4 Million in Funding

In Newyork, the Ledger Holdings in the New York-based parent company of Bitcoin options exchange LedgerX said on Monday, and it closed $11.4 million in funding begun by Miami International Holdings and China’s Huiyin Blockchain Venture Investments. Read also Everything You Want to know About WannaCry Ransomware Attack The funding helps LedgerX’s plan to operate a regulated exchange and clearing house for Bitcoin and other...

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New TCS Boss Rajesh Gopinathan Took a Step to face Tough Technological Tasks
May11

New TCS Boss Rajesh Gopinathan Took a Step to face Tough Technological Tasks

Rajesh Gopinathan carries over as chief executive of TCS at a time when the Indian IT industry is facing conceivably its toughest challenge of adapting to entirely new digital technologies including cloud and automation, and the protectionist environment that US President-elect Donald Trump seeks to create. Gopinathan joined TCS in 2001 from Tata Industries and inspired the company’s then newly founded e-business unit in the US....

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SBI Views Cost Savings, No bad Loans Surprise following Merger with Units
Apr03

SBI Views Cost Savings, No bad Loans Surprise following Merger with Units

Nations top lender by assets, State Bank of India expects no nasty surprises on bad loans following the merging of five subsidiary banks with itself at the weekend in a contract which helps in cost savings and gain scale. The Government moves to merge State Bank of Travancore, State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad and State Bank of Bikaner and Jaipur with State Bank of India, which already owned bulk...

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Kotak Mahindra Bank Plans to Increase Rs 5400 Crores of Equity
Mar30

Kotak Mahindra Bank Plans to Increase Rs 5400 Crores of Equity

On Thursday, the board of directors at Kotak Mahindra Bank BSE 0.70% has approved the trade of 6.2 crore equity shares which could allow the bank to raise Rs 5400 crores at current prices by selling the shares to either individuals or to institutional investors in India or in abroad. In a remark to the stock exchanges, the bank said: “The board approval is ruled to shareholder and regulatory approvals.” The officials of...

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Supreme Court Forbids The Sale of BS-III Vehicles From April
Mar29

Supreme Court Forbids The Sale of BS-III Vehicles From April

On Wednesday, Supreme Court banned the registration and sale of BS-III Vehicles (Bharat Stage-III) from April 1, ruling in support of the plea made by the EPCA (Environmental Pollution Control Authority). The Supreme Court said the health of millions of people couldn’t be put under risk because of commercial interest. The order comes in response to the appeal by the EPCA, which requested that only BS-IV vehicles should be sold...

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