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Six Global Investors invests $1.25 billion in Bharti Airtel’s arm

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have completed investment of $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa. This investment demonstrates the confidence of leading global investors in the company’s ongoing robust growth and profitability. The investment also reinforces ... Read More »

Six Global Investors to invest $1.25 billion in Bharti Airtel’s arm

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa, through a primary equity issuance in the company at a post money equity value of $4.4 billion. This investment demonstrates the ... Read More »

TCS ‘Billion Steps Challenge’ registers huge success

Tata Consultancy Services’ (TCS) ‘Billion Steps Challenge’ has received an overwhelming response, with over 200,000 participants across the globe registering and collectively logging a record three billion steps. At over 2.4 million kms, this distance is equivalent to three return trips to the moon, or going sixty times around the ... Read More »

India hands over cheque of 2.1 billion Nepalese rupee to Nepal

The amount has been released towards reimbursement of 1st tranche of housing support to 42,086 Govt of India supported beneficiaries in Nuwakot and Gorkha districts. As part of India’s commitment towards Nepal’s post-earthquake reconstruction, both the countries had signed a Memorandum of Understanding (MoU) for US$ 100 million grant to ... Read More »

Walmart buys 77% stake in Flipkart for $16 billion

United States retail giant Walmart will buy 77% stake in India’s Flipkart for 16 billion dollars.   Walmart’s Krish Iyer will be the CEO of the company which will continue to be based out of Bengaluru. Walmart and Flipkart will remain separate brands and the Indian e-commerce company will have ... Read More »

Australia pledges half a billion dollars to restore Great Barrier Reef

The World Heritage-listed site, which attracts millions of tourists, is reeling from significant bouts of coral bleaching due to warming sea temperatures linked to climate change. The reef is also under threat from the coral-eating crown-of-thorns starfish, which has proliferated due to pollution and agricultural runoff. Prime Minister Malcolm Turnbull ... Read More »

Securing 30 Billion Smart Devices by 2020

In the rush to deliver smart devices to the masses, most manufacturers have failed the security test, leaving both users and devices exposed to hackers. 2016 has been a wake-up call for device makers. The real battle begins now. 30 billion devices will be connected to the Internet by the ... Read More »