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Why the big tech firms are wary of the data protection bill

The PDP Bill proposes voluntary verification of users and sharing of anonymised data by firms with the govt.

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Dec 06, 2019, 09.30 PM IST

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SP Group sells quarter of its TCS holding

The TCS share-sale is part of SP’s asset monetisation plan to pare its Rs 30,000-crore debt.

Banks gave USD 745 billion to groups planning new coal power plants: NGOs

The report's release comes as world leaders met this week in Madrid...

RBL Bank raises Rs 2,025 cr from Bajaj group, other investors

The issue saw strong demand from domestic as well as foreign qualified institut...

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  • About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.

    Welspun Group Promoters, through a closely held family office investment has acquired majority stake in warehousing platform - One Industrial Spaces, an integrated fund, development and asset management organization focused on the warehousing sector in India.

    A holding of 5 per cent or more in a private bank requires the approval of RBI.

    Axis Bank’s Jairam Sridharan has resigned from the post of group executive and chief financial officer, the lender informed bourses on Frida...

    DXC has been streamlining its business by expanding its offshore presence, making analysts cautious about its dependency on Mphasis, with some pulling back expectations from the channel and others revising their estimates. Business from DXC accounts for up to 28% of revenue. Mphasis has been able to grow revenues from its ‘direct core’ segment.

    Benchmark Brent oil prices were steady on Friday near $63 per barrel.

    Aramco raised $25.6 billion, beating Alibaba’s record $25 billion listing in 2014.

    "I am not an economist to begin with but I think we are nearing the bottom...I don't see credit growth to large corporates to pick up anytime soon. Most are still getting large debts in their balance sheets which I think they need to lop off," said Aditya Birla Group Chairman Kumar Mangalam Birla at a media event today.

    A newly released report from Singapore-based cybersecurity and threat-intelligence firm Group-IB underlines what has been brewing in cybersecurity over the last few years — the dominance of the nation state as the primary threat actor. “The leading and most frightening trend of 2019 was the use of cyber-weapons in military operations,” the report says.

    We are cautious on the consumer space, where we think valuations are stretched specifically with the consumer staples pack. Between the consumer staples and consumer discretionary pack, there is still some upside left on the consumer discretionary side. But we are fairly cautious on the staples pack. On the consumption basket, we continue to be cautious on the auto sector.

    The private sector bank said Sridharan would like to pursue other career opportunities.

    For the week, 30-pack Sensex declined 0.85 per cent while 50-pack Nifty shed 1.19 per cent.

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