180 Indian firms hit by ‘ransomware’ so far in 2016: Report

New Delhi, Sep 6 : Over 180 Indian companies were victims of “ransomware” — or online extortion schemes — in the first six months of this year, a report said on Tuesday. Ransomware, also called Business Email Compromise (BEC), globally caused companies a loss of a whopping $3 billion, the report said — although no […]

Reliance Capital raises $300 mn via private placement

Mumbai, Sep 6 : Reliance Capital, a part of the Anil-Ambani-led group, on Tuesday said it has raised $300 million through private placement of debentures with a tenure of 5 and 10 years. “The issue size offered was $ 150 million with an option to retain oversubscription by way of a greenshoe option of up […]

Sun Pharma signs distribution agreement with Mitsubishi Tanabe

Chennai, Sep 6 : Indian drug major Sun Pharmaceutical Industries Ltd on Tuesday said it has signed a strategic distribution agreement with Mitsubishi Tanabe Pharma Corporation. In a statement, Sun Pharma said Japanese company Mitsubishi Tanabe will distribute the 14 prescription brands acquired from Novartis Pharma earlier this year. Mitsubishi Tanabe will also provide information […]

Apple ups iPhone 7 production by 10%: Reports

New York, Sep 6 : Cupertino-based giant Apple seems confident that its next generation iPhone 7 — which is just a day away from launch — is going to be a huge success as the company has reportedly increased orders of the components needed to manufacture the handset by 10 per cent. “It is also […]

Tasmania to help Vedanta restart copper mine

By Aroonim Bhuyan New Delhi, Sep 6 : The Tasmanian government will help Anil Agrawal-promoted Vedanta restart a copper mine, operations in which were suspended two years ago, the Australian state’s premier has said. “The operation of the mine has gone into care and maintenance mode and we hope will re-open in 2017 with state […]