Microsoft acquires CyberX to boost IoT deployments for customers

San Francisco (IANS) Microsoft has acquired a security startup called CyberX to to accelerate and secure customers Internet of Things (IoT) deployments.
Terms of the deal were not disclosed but media reports said the acquisition could be around…

Sellers on GeM mandated to disclose products 'Country of Origin'

New Delhi (IANS) Centre has made it mandatory for sellers to enter the 'Country of Origin' while registering all new products on government e-marketplace (GeM).

The e-marketplace is a special purpose vehicle (SPV) under the Ministry…

Sensex in green, RIL hits fresh high of Rs 1,804

Mumbai (IANS) The key Indian equity indices traded on a positive note on Monday morning with the BSE Sensex up 200 points.

It has, however, shed gains after gaining as much as 479 points to touch an intra-day high of 35,211.12.

At 10.49…

PNB's standalone Q4FY20 net loss narrows to Rs 697 cr

New Delhi (IANS) State-run lending major Punjab National Banks standalone Q4FY20 net loss narrowed to Rs 697.20 crore. The bank had posted a loss of Rs 4,750 crore during the fourth quarter of the previous fiscal.

In the quarter under review,…

Need more ease of doing business for self-reliant India: CII

New Delhi (IANS) Steps for bringing further ease of doing business in the country will help bring more domestic and foreign investments, and help India in its aim of becoming self-reliant, a Confederation of Indian Industry (CII) statement said on…

Banks' disbursement to MSMEs rises over Rs 21K cr

New Delhi (IANS) The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).

As of June 18, 2020, public sector banks have sanctioned…

E-commerce policy may incentivise kiranas for joining online ecosystem

New Delhi (IANS) India may soon incentivise kirana stores which become part of the e-commerce ecosystem by converting their operations to handle both online and offline sales.

The special package of incentives for the smaller format mom and…

Difficult for Vodafone Idea to pay upfront AGR dues: Report

New Delhi (IANS) Vodafone Idea will find it challenging to pay more than Rs 50 billion of incremental upfront dues in the AGR dues, according to brokerage, Credit Suisse.

In a report it said that after having paid Rs 69 billion of AGR dues,…

Goods purchased and sold overseas will attract GST in India: AAR

New Delhi (IANS) A ruling by the Gujarat bench of the Authority for Advance Ruling (AAR) has said that Goods and Services Tax (GST) will be levied on Merchant Trade Transactions (MTT) where goods are not entering India but the transaction is in overseas…

Hero Cycles expects market share growth to buck Covid impact

New Delhi (IANS) Leading bicycle maker Hero Cycles expects to increase its market share in India to 45-50 per cent in the current financial year, despite the slowdown caused by the coronavirus pandemic and the nationwide lockdown.

In an interview…