Priyanka Bhowmick

Dabur India on Monday said it has become a cloud-only enterprise after successfully migrating its on-prem data centers to Microsoft Azure and SAP RISE. It added that it will use emerging technologies like Open AI for digital transformation. It added that the cloud-only approach will help it significantly improve business resilience and enhance its services to retailers, partners, employees and customers. Global Chief Information Officer of Dabur India Limited, Kaustubh Dabral said, "Agility and business innovation are critical to addressing changing market dynamics and consumer expectations. Harnessing the power of the cloud, artificial intelligence and its powerful data foundation will…

The Directorate General of GST Intelligence (DGGI) has issued multiple show-cause notices for a tax claim of Rs 922.58 crore from Reliance General Insurance Company (RGIC), a subsidiary of former Anil Ambani group company Reliance Capital (RCAP). The move assumes significance as RCap, which is currently under a debt resolution process through the National Company Law Tribunal (NCLT), constitutes around 70% of RCap's net worth. RGIC received a total of four show-cause notices – Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore and Rs 5.38 crore – on revenue generated from its services such as reinsurance and co-insurance, sources…

Multi Commodity Exchange of India (MCX) on October 8 said it has received approval from the SEBI Technology Panel to launch a new web-based commodity derivatives platform (CPD) after several delays with the market regulator. "Subsequently, the SEBI Technical Advisory Committee recommended that MCX and MCXCCL may go live with the CDP and inform SEBI of the proposed date of go live," MCX said in a regulatory filing. This development was first reported on October 6 by CNBC-TV18 citing sources. Over the past month, stocks on the Mumbai-based commodity exchange rose 18 percent against a 1.4 percent rise in the…

After leaving a mark on the Moon with the Chandrayaan-3 mission, the Indian Space Research Organization (ISRO) is now gearing up to set up its first space station. The Indian Space Agency is already working on its Mars and Venus missions and chief S Somnath has revealed ISRO's big plans for the space station. In an interview with CGTN, the ISRO chairman said the Indian space agency is exploring various possibilities for future missions, including a space station and long-duration manned spacecraft launches. "We are looking at all possibilities after the success of the Moon mission," Somanath said. "We are…

Tata Group-owned Air India shared the first look of its new A350 planes wearing a paintjob to match its new livery. The airline rebranded itself earlier this year with a new red-aubergine-gold look and a new logo 'The Vista'. The latest A350 images were clicked at a workshop in Toulouse, France, with newly painted planes arriving in India this winter, the airline said. "Here's the first look of the majestic A350 in our new livery at the paint shop in Toulouse. Our A350s start coming home this winter… @Airbus" Air India said in a post on X, formerly known as…

After experiencing layoffs from Meta in April, just shy of her third job anniversary, Hou Zhuoni Hermione achieved her long-held ambition by receiving a job offer from her dream company, Google, five months later. Hermione, who worked as a project sourcing manager at Meta in Singapore, expressed her gratitude for being employed by Meta during the pandemic and being treated well by the company. However, her real dream was to work at Google rather than Meta. "Some of you may have heard me joke about Google being my dream company because the commute would be less than a 15-minute walk.…

Apple ( AAPL. O) CHIEF Executive Officer Tim Cook sold his largest stake in two years, after a $41.5 million tax, showing a U.S. securities filing. Cook sold 511,000 shares, worth $87.8 million before accounting for taxes, according to a filing dated Tuesday. He made $355 million from a stock sale in August 2021.The Apple chief owns about 3.3 million shares, worth about $565 million, after the sale, the filing shows. The company's shares fell 13% from their record high of $198.23 in July as investors worried about a slower-than-expected recovery over smartphone demand. Apple launched its new iPhone 15…

Torrent Investments Pvt. Ltd filed an urgent letter in the Supreme Court challenging the March 2 order of the National Company Law Appellate Tribunal, which allowed Reliance Capital's creditors to initiate a second auction as part of the corporate insolvency resolution process. In its three-page letter, Torrent said it sought the apex court's intervention for an urgent hearing and final disposal of its pending appeal, challenging the second round of auctions for debt-laden RCap's assets. In the second auction in April, Hinduja Group's IndusInd International Holding Ltd was the sole bidder. "Any further progress pursuant to the conduct of the…