Formula 1 and Tata Communications on Wednesday jointly announced a multi-year strategic collaboration for end-to-end managed network services for video contribution globally. With this deal, Tata Communications will return to sports as the official broadcast connectivity provider for Formula 1. "We are delighted to welcome Tata Communications back as a partner following previous successes in [...]
London, Mar 16 (PTI) The UK wants every country to move away from using Russian oil and gas because it directly funds President Vladimir Putin’s war machine, British Prime Minister Boris Johnson’s spokesperson said on Wednesday.Asked about India’s proposed move to purchase crude oil from Russia, the spokesperson said the UK Prime Minister respects every [...]
Mumbai, Mar 16 (PTI) The Union government has not yet paid GST dues of Rs 26,000 crore to Maharashtra and if the state gets this money it would be very helpful, Minister of State for Finance Shambhuraj Desai told the state Legislative Council on Wednesday.Responding to a discussion on the Budget in the upper house, [...]
Colombo, Mar 16 (PTI) Sri Lanka will work closely with the IMF to resolve the worsening economic crisis that has caused acute shortages of essentials, power cuts and long fuel queues in the island country, President Gotabaya Rajapaksa said in an address to the nation on Wednesday.Rajapaksa said the government was trying hard to resolve [...]
Bengaluru, Mar 16 (PTI) Karnataka Chief Minister Basavaraj Bommai on Wednesday said his government would not let any impediment hit the speedy economic recovery post-COVID in the State. "You all know what kind of situation was created due to COVID-19 in the last two years. The effect was not just limited to health sector but [...]
New Delhi, Mar 16 (PTI) Adani Power on Wednesday said it has completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing insolvency resolution, is over Rs 4,250 crore, including estimated cost of compliance with environmental and [...]
New Delhi, Mar 16 (PTI) World Trade Organization Director-General Ngozi Okonjo-Iweala on Wednesday welcomed the breakthrough among four member countries - India, South Africa, EU and the US - on a waiver of the trade-related intellectual property (TRIP) agreement for the production of Covid-19 vaccines. She said that this is a major step forward and [...]
New Delhi, Mar 16 (PTI) US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL’s merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices [...]
Jammu, Mar 16 (PTI) The University of Jammu on Wednesday signed a pact with a Delhi-based firm Sedulity Solutions and Technologies for setting up a centre of excellence Lab for cybersecurity and cyber forensics solutions, an official said. The memorandum of understanding (MoU) for setting up the Lab at the PG Department of Computer Science [...]
Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations. Snowbit, which is a SaaS-based cybersecurity unit that enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will [...]
New Delhi, Mar 16 (PTI) The government is taking a number of initiatives for the welfare and protection of tribal people and regions in coordination with various ministries, Minister of Tribal Affairs Arjun Munda informed Rajya Sabha on Wednesday. The health and welfare of the tribal people are a priority for this government and through [...]
New Delhi, Mar 16 (PTI) Bharat Biotech on Wednesday said it has entered into a partnership with Biofabri, a Spanish biopharmaceutical firm, for the development, manufacturing and marketing of a new tuberculosis vaccine. This partnership will guarantee the supply of tuberculosis (TB) vaccines in more than 70 countries, especially in Southeast Asia and sub-Saharan Africa, [...]
Itanagar, Mar 16 (PTI) The Arunachal Pradesh government has terminated 44 agreements with private power developers as they were "not inclined to execute" projects, Deputy Chief Minister Chowna Mein informed the assembly on Wednesday. During a zero-hour discussion initiated by NPP member Tarn Dakpe, Mein said the terminated projects were offered to central public sector [...]
New Delhi, Mar 16 (PTI) The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India. The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union [...]
New Delhi, Mar 16 (PTI) Logically, a technology company using advanced Artificial Intelligence to tackle misinformation, on Wednesday announced the completion of USD 24 million (about Rs 182 crore) funding round, led by Vitruvian Partners.The funding round also saw investments from Amazon Alexa Fund, and existing seed investors XTX Ventures and Northern Powerhouse Investment Fund [...]
New Delhi, Mar 16 (PTI) JSW Energy on Wednesday said JSW Renew Energy (Kar) Ltd, JSW Renewable Energy (Dolvi) Ltd, JSW Energy (Kutehr) Ltd and JSW Hydro Energy Ltd have become wholly-owned subsidiaries of JSW Neo Energy Ltd (JSWNEL). To streamline the renewable portfolio and set up a holding structure to unlock and enhance the [...]
Chandigarh, Mar 16 (PTI) The Haryana Assembly on Wednesday passed a bill to exempt tractors from the rule that bans diesel vehicles older than 10 years from plying in NCR areas. The Haryana Laws (Special Provisions) Amendment Bill, 2022, to amend the Haryana Laws (Special Provisions) Act, 2019, was taken up for discussion and passed [...]
New Delhi, Mar 16 (PTI) A delegation of Plant Based Foods Industry Association (PBFIA) met Prahlad Singh Patel, Minister of State for Food Processing Industries, here and sought the government's support to grow this sector. The delegation, led by the Association’s Executive Director, Sanjay Sethi, briefed the Union Minister on the state of the nascent [...]
New Delhi, Mar 16 (PTI) Capital markets regulator Sebi on Wednesday imposed penalties totalling Rs 30 lakh on six entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In six separate orders, the regulator levied a fine of Rs 5 lakh each on Sumita Mandal, Sumit Agarwal, Sumeet Bhatia and [...]
New Delhi, Mar 16 (PTI) Japanese auto major Nissan Motor Co on Wednesday said it has appointed its senior executive Frank Torres as the new president of Indian operations. Torres has also been appointed Region Divisional Vice President for Business Transformation in the AMIEO (Africa, Middle East, India, Europe and Oceania) region, the company said [...]
