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Microsoft acquires firm Lumenisity Limited developing high-speed cables

Microsoft acquires firm Lumenisity Limited developing high-speed cables

Microsoft has announced that it has acquired Lumenisity Limited, a leader in next-generation hollow core fibre (HCF) solutions.

Lumenisity's innovative and HCF product can allow fast, reliable and secure networking for global, enterprise and large-scale organisations, the tech giant said in a blogpost on Friday.

National Judicial Commission Bill introduced in Rajya Sabha, AAP opposes

National Judicial Commission Bill introduced in Rajya Sabha, AAP opposes

A private member bill to regulate the appointment of judges through the National Judicial Commission was on Friday introduced in Rajya Sabha by CPI(M)'s Bikash Ranjan Bhattacharyya but was opposed by AAP MP Raghav Chadha.

The National Judicial Commission Bill, 2022 was introduced after the majority of voice votes were in its favour.

India logs 210 new Covid infections, active cases further decline to 4,047

India logs 210 new Covid infections, active cases further decline to 4,047

India registered a single-day rise of 210 new coronavirus infections, while the number of active cases further declined to 4,047, according to the Union Health Ministry data updated on Saturday.

The COVID-19 tally now stands at 4.46 crore (4,46,74,649), it said.

The death toll from the disease has climbed to 5,30,654 with one fatality reconciled by Kerala, the data updated at 8 am stated.

1,000 Khelo India centres to open across India next year: Anurag Thakur

1,000 Khelo India centres to open across India next year: Anurag Thakur

Union Sports Minister Anurag Thakur said on Friday that 1,000 Khelo India centres will be opened all over the country by August 15 next year.

The minister was speaking in Lok Sabha during the ongoing Winter Session of the Parliament.

Air India close to signing deal for 150 Boeing 737 Max jets: Report

Air India close to signing deal for 150 Boeing 737 Max jets: Report

Air India is close to signing an order with Boeing Co to acquire up to 150 737 Max jets, the Economic Times newspaper reported on Saturday, citing sources.

The Tata Group-owned Indian carrier will likely place a firm order for 50 737 Max planes with an option to pick up as many as 150, the ET report said.

YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market

YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market

Shares of YES Bank vaulted 15 per cent to a two-year high of Rs 20.4 on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE and BSE. At 10:44 AM, shares of the lender were up 12 per cent at Rs 19.9 per share as against 0.28 per cent fall in the benchmark S&P BSE Sensex.

According to media reports, YES Bank has moved the National Company Law Tribunal (NCLT) to initiate corporate insolvency resolution process (CIRP) against Digital Ventures Pvt. Ltd, a wholly-owned unit of Zee Learn Ltd.

Elan Group raises $60 mn from PAG for construction of realty projects

Elan Group raises $60 mn from PAG for construction of realty projects

Realty firm Elan Group on Friday said it has raised USD 60 million from global investment firm PAG to fund construction of projects, reduce debt and expand business.

The company has secured a second round of funding from PAG. In August this year, it had raised USD 50 million from PAG.

OYO records 83% YoY growth in business travel, Delhi is most-booked city

OYO records 83% YoY growth in business travel, Delhi is most-booked city

Business travel has made a strong comeback in India after two straight years of subdued sentiments due to the pandemic. Hospitality major OYO has recorded an 83 per cent year-on-year (YoY) uptick in bookings in business cities, between April and November this year.

According to the company’s Business Travel Trends Report 2022, Delhi emerged as the most-booked business city, closely followed by Hyderabad.

Congress Himachal MLAs to meet in Shimla today to decide chief minister

Congress Himachal MLAs to meet in Shimla today to decide chief minister

After registering a win in the Himachal Pradesh Assembly election, Congress MLAs will meet on Friday in Shimla to decide on the chief minister.

Himachal Congress Legislature Party meeting will be held at 3 pm at State Congress Headquarters, Rajiv Bhawan today.

More sectors to be covered under PLI scheme soon, says Piyush Goyal

More sectors to be covered under PLI scheme soon, says Piyush Goyal

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said that India will have to face global competition effectively to achieve the goal of becoming a prosperous and developed nation.

He was speaking at the CII Global Economic Policy Summit in New Delhi on Thursday.

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