Category: Large Enterprise
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Tata Steel declared successful ‘resolution applicant’ to buy Bhushan Steel
Mumbai : Tata Steel on Friday said it has been declared the successful “resolution applicant” by the Committee of Creditors (CoC) of Bhushan Steel Ltd (BSL). In a regulatory filing to the BSE, the company said the decision was subject to obtaining regulatory approvals from the National Company Law Tribunal (NCLT) and the Competition Commission…
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Coal-power projects worldwide, including India, see steep drop
New Delhi : In a step towards a cleaner environment, the number of coal-based fired power plants under development have seen a steep decline, especially in India and China, a report said on Thursday. The report, however, warns that despite a global coal phase-out trend in new coal plants, emissions from operational plants will still…
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Dassault Systemes’ Cloud business to drive India’s electric vehicles adoption
New Delhi : Announcing its Cloud offerings for India, 3D Experience major Dassault Systemes on Tuesday said its growing Cloud business in India could drive electric vehicles adoption. “Dassault Systèmes has placed the cloud at the heart of our business experience strategy which is the foundation of next-generation applications and business processes. Cloud is the…
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Microsoft, BlackBerry collaborate to secure productivity apps on mobile phones
San Francisco : Former rivals BlackBerry and Microsoft have announced they were collaborating to offer enterprises a solution that integrates the latter’s expertise in mobility and security with Microsoft’s Cloud and productivity apps. Through this partnership, the tech titans have collaborated on a first-of-its-kind solution — BlackBerry Enterprise “BRIDGE”. “We saw a need for a…
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5 firms in fray to bag Rs 5,000 cr project to make 200 high-power locos for Railways
By Arun Kumar Das, New Delhi : Five leading global loco makers have joined the bidding in Indian Railways Rs 5,000 crore tender for the manufacture of 200 high horse power electric locomotives to be pressed into service for heavy haulage in the Western Dedicated Freight Corridor. Railways require 200 electric locos with 9,000 horse…
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Partners to steer Microsoft towards $107bn ‘Intelligent’ Cloud market in India
By Nishant Arora, New Delhi : As more and more businesses strive to embrace Cloud in India, Microsoft, with its vast partner network, is in a unique place, offering a complete Cloud platform as well as productivity and business applications, a top global executive has stressed. For Gavriella Schuster, Corporate Vice President, One Commercial Partner…
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India cannot retaliate in global trade war: Assocham
New Delhi : An annual trade deficit of as much as $150 billion with the US alone does not allow India room to retaliate in the event of a global trade war being unleashed by recent protectionist trends in the developed world, since the country’s imports are mostly of an essential nature, industry chamber Assocham…
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Online hiring up 6% YoY in February: Report
New Delhi : Online hiring activity registered a 6 per cent growth year-on-year (YoY) in February as job markets continued to remain volatile, a Naukri.com report said here on Wednesday. The survey said the Naukri Job Speak index for February at 2,087 recorded a 6 per cent growth from the corresponding month in 2017, indicating…
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Metro rail companies look for alternative earning avenues, monetising assets
Kolkata : In order to make metro projects across the cities financially viable, metro rail companies are looking to reduce their costs or exploring alternative revenue stream and at the same time, some are monetising their assets to raise funds, officials said on Tuesday. Delhi Metro Rail Corporation (DMRC) Managing Director Mangu Singh said the…
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US praises Boeing-Turkish Airlines deal
By Safvan Allahverdi, Washington: The State Department on Monday welcomed an agreement by Turkey’s national flag carrier to purchase $7 billion worth of aircraft from U.S. aerospace giant Boeing Co. “So pleased to see this deal — creating jobs at home and expanding economic opportunities overseas! A great example of the U.S. and #Turkey collaborating…