Hero FinCorp to buy Anil Ambani’s Reliance General Insurance business for Rs 5,500 to 6,000 crore

India's leading retail and commercial lending firm Hero FinCorp is in an advanced talk of buying Reliance General Insurance (RGI) a company owned Reliance Capitaland has valued the company at Rs 5,500 to Rs 6,000 crore.Quoting to the people familiar with this deal, the ET on Thursday reported "The deal is a part of the Reliance Capital's continues effort to decrease the debt of Rs 18,000 crore and by selling its

InstaReM to offer cross-border payments service for KASIKORNBANK clients

Asia's leading digital cross-border payment company InstaReM has partnered with Thailand's leading bank KASIKORNBANK (KBank) to provide cross-border payments for bank's client.The company in its statement on Thursday said that "As InstaReM is already powering the payments for three of top ten Southeast Asian Banks and leading financial institutions across the globe, this partnership with KASIKORNBANK will allow

Google gets in another controversy, claims of storing the passwords of G-Suite users in plain text for 14 years

After Facebook and Instagram, the U.S. leading search engine giant Google Inc has now joined the controversy by stating that its company too was storing the user's data including the password in plain text for more than 14 years.In an blog by Suzanne Frey, Vice President of Engineering at Google wrote in blog post that "The company was storing the passwords of G- suite users in a plain text for 14 years in its

ByteDance says TikTok ban in India is causing a daily loss of $500,000

India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.TikTok allows users to create and share short videos with special effects and is one of the world's most popular apps. It has been downloaded by nearly 300 million

ITC moves National Company Law Tribunal court against Hotel Leela Venture

One of India's biggest FMCG company ITC has filed a case against Hotel Leelaventure at National Company Law Tribunal.In a regulatory filing at the exchange, Hotel Leela venture said that "ITC's has filed a plea against the company over "Oppression and mismanagement," which is expected to be heard on 24th April by Mumbai Bench of the NCLT.""ITC, along with the petition has also filed two application seeking a

Twitter India appoints Manish Maheshwari as Managing Director

Twitter on Monday said it has appointed Manish Maheshwari as the Managing Director of its India operations. Last year, Taranjeet Singh had stepped down as the India Country Director and Balaji Krish was given charge of leading the country's operations in the interim period.Krish will return to Twitter global headquarters in San Francisco to resume his role as Global Head of Revenue Strategy and Operations at

Nasim Zaidi resigns from Jet Airways board

Jet Airways, an Indian airline company which has grounded for more than a month has announced that "One of its non-executive and non-independent director Nasim Zaidi has resigned from the board."In a filing at the exchange on Monday, Jet Airways said that "Nasim Zaidi has submitted his resignation from the post of non-executive and non-independent directors of the company with effect from April 21 due to

Ashish Sinha: India’s growth trajectory holds tremendous potential for global stakeholders

India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has been told.Counsellor in India's Permanent Mission to the UN Ashish Sinha stressed on Wednesday at the ECOSOC Forum on Financing for Development Follow Up that India wanted to use growth as a mechanism to pull the maximum number of people

Dr Sheth’s secures Rs 4 crore in series seed round funding from Mumbai Angels and others

A Mumbai based celebrity dermatologist backed luxury skincare startup Dr. Sheth's has secured Rs 4 crores in a series seed round funding from Mumbai Angels and others.Mumbai Angel Networks led the new round funding with few other investors where MA invested Rs 3 crores and Rs 1 crore from other investors.The company in its statement said that "Dr. Sheth's will use this new round funding for business

Mozilla wants Apple to make user tracking more difficult for advertisers on iPhone devices

Mozilla Corporation, a not-for-profit company behind the open source web browser Mozilla Firefox, wants Apple Inc to make users-tracking on iPhone devices more harder for advertisers to track the ads users click on, the videos users play or what type of apps the users install on the phones.Ashley Boyd, Vice President of Advocacy for Mozilla, in its blog post on Tuesday wrote that "It's like a salesperson