As OTP deliveries fail, TRAI holds back norms on commercial texts

‘Key entities failed to fulfil regulations leading to disruption’ Following disruptions in SMS and OTP deliveries for banking, payments and other transactions, the Telecom Regulatory Authority of India (TRAI) on Tuesday temporarily suspended the implementation of norms for commercial text messages, which came into effect on Monday, for seven days. “It has been observed that some of the principal entities […]

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Secrecy shrouds proposed cryptocurrency Bill: IAMAI

‘A ban may hit hundreds of techies, crypto entrepreneurs’ There is some amount of ‘secrecy’ around the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, a new regulation expected to be cleared by the Centre soon, the Internet and Mobile Association of India (IAMAI) said. “We don’t understand what is so secretive about this bill that is in the […]

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Reliance to cover COVID-19 vaccination costs for employees, families

Billionaire Mukesh Ambani’s Reliance Industries Ltd will bear the cost of vaccinating its employees and their immediate family, totaling an estimated 12.2 lakh, as the oil-to-telecom conglomerate looks to safeguard them against the COVID-19 virus. India’s largest private company joins the likes of IT giants Tata Consultancy Services (TCS), Infosys, Accenture, and public sector lender State Bank of India among […]

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CAE To Buy L3Harris’ Military Training Business For $1.05 Bln – Quick Facts

Technology company CAE Inc. (CAE.TO,CAE) agreed Monday to acquire the military training division of aerospace and defense technology firm L3Harris Technologies Inc. (LHX) for $1.05 billion, subject to customary adjustments. The acquisition will expand CAE’s position as a platform-agnostic training systems integrator by diversifying CAE’s training and simulation leadership in the air domain, complementing land and naval training solutions, and […]

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Kimmeridge to launch proxy for oil, gas producer Ovintiv: WSJ

Fox Business Flash top headlines for January 25 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. An investment firm plans to launch a proxy fight at Ovintiv Inc., arguing the oil-and-gas producer should alter its spending and improve governance to boost the company’s share price. Continue Reading Below Ticker Security Last Change Change % OVV OVINTIV INC 17.23 […]

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Southern California Edison to pay $2.2B to settle wildfire claims

Fox Business Flash top headlines for January 25 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. LOS ANGELES — Southern California Edison will pay $2.2 billion to settle insurance claims from a deadly, destructive wildfire sparked by its equipment in 2018, the utility announced Monday. Continue Reading Below Ticker Security Last Change Change % EIX […]

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Tech lifts L&T net to ₹2,467 cr.

Divestment, real estate sale also aid profit; revenue dips 2% L&T reported a 5% rise in consolidated net profit for the third quarter ended December 31 to ₹2,467 crore on account of higher profit from the information technology and technology services (IT & TS) segment and sale of commercial property by its realty division. The PAT also included gains on […]

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