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Indian engineering firm Cyient plans to sell stake in underperforming units

Indian engineering firm Cyient plans to sell stake in underperforming units

Cyient Limited, an Indian engineering and technology solution provider for more than two dozen Fortune 500-companies, plans to sell stakes in units that are underperforming.

“We are aggressively considering what makes sense in our portfolio,” Cyient Managing Director Krishna Bodanapu said in an interview to Bloomberg TV on Monday. “We are a bit complex and one of the objectives for this calendar year is to simplify things and divest out of businesses that do not make sense for us.”

Ola Electric raises $200 mn in funding at a valuation of $5 billion

Ola Electric raises $200 mn in funding at a valuation of $5 billion

Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion.

In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others that had valued the company at USD 3 billion (about Rs 22,272 crore).

Microsoft's plunge into the world of gaming

Microsoft's plunge into the world of gaming

It is not just the players, but gaming companies too are making and breaking records.

“Grand Theft Auto” video game maker Take-Two Interactive (TTWO. O) announced on January 10 that it was buying Zynga for $11.04 billion in a cash-and-stock deal.

Adani to invest Rs 4,600 crore in two data centre projects in Uttar Pradesh

Adani to invest Rs 4,600 crore in two data centre projects in Uttar Pradesh

The diversified Adani Group is investing more than Rs 4,600 crore in two data centre projects in Uttar Pradesh, a state Cabinet minister said on Sunday.

According to UP MSME and export promotion minister Sidharth Nath Singh, Adani Enterprises is setting up two data centres, totalling a cost of Rs 4,646 crore, in Noida sectors 62 and 80 respectively.

WhatsApp likely to allow transfer of chats from Android to iPhone

WhatsApp likely to allow transfer of chats from Android to iPhone

Meta-owned WhatsApp is reportedly testing the possibility of allowing users to migrate chats from their Android device to an iPhone.

According to WABetaInfo, WhatsApp is working on an import chat history feature that will let Android users move their chats to an iPhone device.

Google moves to court against antitrust suit, denies collusion with FB

Google moves to court against antitrust suit, denies collusion with FB

Google has moved to court against an antitrust lawsuit in the US that alleged Alphabet and Google CEO Sundar Pichai and Meta CEO Mark Zuckerberg were involved in a secret ad collusion plot.

Led by Texas Attorney General Ken Paxton, the lawsuit which was filed last week alleged that Zuckerberg and Pichai personally approved a secret deal that gave the social network a leg up in the search giant's online advertising auctions.

Two dead, 17 injured in major fire in a residential building in Mumbai

Two dead, 17 injured in major fire in a residential building in Mumbai

At least two persons were killed and 17 others injured, three of them seriously, in a major fire that broke out on the 18th floor of a residential building in Tardeo area of central Mumbai on Saturday morning, an official said.

The blaze erupted around 7 am in Kamla building located opposite Gandhi Hospital at Gowalia Tank, the official of the Brihanmumbai Municipal Corporation (BMC) said.

Over 12.79 cr unutilized vaccine doses available with States, UTs: Centre

Over 12.79 cr unutilized vaccine doses available with States, UTs: Centre

More than 12.79 crore balance and unutilized COVID-19 vaccine doses are still available with States and Union Territories, the Ministry of Health and Family Welfare informed on Saturday.

More than 160.58 crore (1,60,58,13,745) vaccine doses have been provided to States, UTs so far through Government of India (free of cost channel) and through direct state procurement category, stated the press release by the ministry.

Delhi to conduct survey to understand pandemic impact on school children

Delhi to conduct survey to understand pandemic impact on school children

In order to understand the impact of the COVID-19 pandemic on the psychological and emotional behaviour of school children, the Delhi government has decided to conduct a large-scale survey, said Delhi Deputy CM and Education Minister Manish Sisodia on Friday.

According to a press release, the government said, Being away from schools for a long time is leading to mental stress and fear among them. To understand this situation and to investigate the effects on children's mental and emotional state during COVID, the Kejriwal government is going to conduct a large-scale survey.

Gold trading at Rs 49,640 per 10 gm today; silver price at Rs 65,400/kg

Gold trading at Rs 49,640 per 10 gm today; silver price at Rs 65,400/kg

The price of 10 gram of gold increased by Rs 50 on Saturday, with 24-carat gold trading at Rs 49,640 and 22 carat at Rs 47,640.

One kg of silver is selling at Rs 65,400, up Rs 800 from yesterday.

In Delhi, the price of 24-carat gold stands at Rs 52,100, while in Mumbai it is at Rs 49,640, according to the Goodreturns website.

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