BUSINESS
IOB appoints EY as digital consultant
According to IOB, the digital consultant would help it to stay focused on leveraging and adopting new technologies and to enhance the service quality and service delivery to its customers.
IBM Hybrid Cloud to help Parle Products drive growth
Parle will migrate SAP workloads to IBM Cloud to gain flexibility and scale to help meet increasing consumer needs and IBM to work with Parle to design and manage AI-based supply chain based on its consulting and capabilities.
Equity indices in red; banking, auto stocks fall
Around 10.20 a.m., Sensex was trading at 47,478.71, lower by 227.09 points or 0.48 per cent from the previous close of 47,705.80. It opened at 47,501.71 and has touched an intra-day high of 47,565.03 and a low of 47,204.50 points.
Port volumes moderate but still resilient: Ind-Ra
According to the agency, overall volumes continued grew 2 per cent YoY in February 2021, backed by robust growth in iron ore & containers. The overall volume declined 7 per cent YoY in 11MFY21, but was much lower than earlier anticipated 12-14 per cent.
DCB Bank acquires 9% equity stake in Techfino Capital
Narendranath Mishra, Head Agri and Inclusive Banking, DCB Bank, said: "DCB Bank & TCPL are delighted to be associated in this manner. We value each other's experience and expertise to build a granular loan portfolio with patience and nuance. DCB Bank and Techfino complement each other's strengths, and this is an opportunity for both organisations to grow the customer franchise."
BlaBlaCar raises $115m to build all-in-one travel app
The new round of funding includes existing investor VNV Global, as well as new investors, namely -- Otiva J/F AB, an investment company created by Jonas Nordlander and Filip Engelbert, former Chairman Investments at Alibaba Group who served on the boards of both Lyft and Tripadvisor are among others.
Amazon launches Fire TV Cube in India at Rs 12,999
With Fire TV Cube, customers can voice-control their entertainment system including compatible TV, Set-Top Box, Smart Home devices, A/V receivers, etc. "We are excited to introduce Fire TV Cube -- our fastest and most powerful Fire TV device, developed after gathering a wealth of feedback about how customers use voice in the living room," Parag Gupta, Head of Amazon Devices, India, said in a statement.
Tesla strengthens India team ahead of rolling electric cars
After Musk confirmed Tesla's arrival in India, Karnataka Chief Minister B.S. Yediyurappa declared in February that the US-based electric vehicle and clean energy company will set up its production unit here. Tesla has already registered its office in Bengaluru.
Discord ends talks with Microsoft for its $10B acquisition deal
Reports surfaced last month that in a bid to enter the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than $10 billion. "Those talks ended without a deal, though it is possible they could be rekindled in the future," the WSJ report said on Tuesday, citing sources.
LIC earns Rs 1.84 trillion new premium in FY21
The insurer also paid Rs.1.34 trillion as claims last fiscal. According to LIC, it earned a new business or first year premium of about Rs 1.84 trillion last fiscal up from about Rs 1.77 trillion earned the previous year.
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