Cisco Pays $3.7 Billion, Almost Double to Buy AppDynamics

Cisco Systems is acquiring AppDynamics for a whopping $3.7 billion, almost double the estimated price in its IPO filing that valued the company at $1.72 billion. While AppDynamics is ready to forgo IPO route to profit its promoters, Cisco is keen to add software face under its new market strategy. With the acquisition, Cisco wants end its image as maker ...

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Ujjivan Microfinance MD Samit Ghosh Resigns

Ujjivan Financial Services founder and MD Mr Samit Ghosh resigned to the position to take up the new position as MD and CEO of Ujjivan Small Finance Bank to be operational next month. Microfinance pioneer and Nobel Laureate Muhammad Yunus will open the Ujjivan Self Finance Bank in the first week of February in Bengaluru. Ujjivan Financial Services CFO Sudha ...

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Creation Invests Rs.130 Cr in Muthoot Microfinance

Chicago-based PE Fund Creation Investments has invested Rs.130 crore in Muthoot Microfinance, making it a significant deal in the BFSI & microfinance space after the Indian Government’s demonetization-digital-cashless economy initiatives. With this deal, Creation Investments will hold 11% stake in Muthoot Microfin Ltd. The capital raised will be utilised to serve BoP clients and to expand business to newer geographies ...

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IIMs to Give Degrees, No Longer Mere PG Diplomas

The government has approved the Indian Institute of Management(IIM) Bill, 2017, under which the IIMs would be declared as Institutions of National Importance, enabling them to grant degrees to their students. Hitherto, have been granting diplomas only. The Bill also provides for complete autonomy to the Institutions, combined with adequate accountability and management of these Institutions would be Board driven, ...

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Govt Launches Varishtha Pension Bima Yojana for Elderly People

The government has approved launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017) to be implemented through Life Insurance Corporation of India (LIC) during the current financial year to provide social security during old age and protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions. The scheme will provide ...

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Interest on Co-op Bank Loans Waived Off for 2 Months, Not Loans

demonetisation

The Union Cabinet has given its approval for interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks and the loans are not waived off entirely as anticipated by farmers or demanded by Congress in parliament. The decision also provides for interest subvention to National Bank for Agricultural and ...

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Amitabh Bachchan, Jaya Bachchan Living Separately, So What?

The rift between couples is not new, the scuffle between Amitabh and Jaya Bachchan is ancient but what’s new is that the top Bollywood couple are living separately, as revealed by their family friend Amar Singh. More shocking is that Big B has replied in positive when asked. Samajwadi Party politician Amar Singh has claimed in an interview with Marathi ...

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Au Financiers Deploys CRMNEXT

CRMNEXT, the world’s largest provider of CRM for financial services, today announced India-based Au FINANCIERS’ adoption of CRMNEXT’s ‘Assisted Bank-in-a-Box’ solution in order to kick start the company’s new banking operations. One of India’s fastest growing non-banking finance companies, Au FINANCIERS got the license recently to transform into small finance bank from RBI. This will result in company expanding its ...

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Rashtrapati Bhavan Writes to EC Over Using President’s Photo

Secretary to the President, Ms. Omita Paul has written to Dr. Nasim Zaidi, Chief Election Commissioner of India objecting to the reported misuse of President’s photos for political purposes. The letter said, “This has reference to a news item that appeared today in two national dailies captioned “Pranab pictures on Cong posters under EC scanner”. The news items also reported ...

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Republic Day Parade 2017 Karnataka Tableux Presents Gorava Dace, TN its Karakattam

karnataka republic deay parade tableux

As Andhra Pradesh and Talangana tableux will be missing in the Republic Day Parade 2017, the southern culture will be represented only by Karnataka and Tamil Nadu. Famous for its traditional arts and folk dances, the state of Karnataka will present traditional folk dances of the state in this year’s Republic Day Parade tableau, showcasing the Goravas, the worshippers of ...

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Xiaomi Redmi Note 4 Sold Out?

The sale of Xiaomi Redmi Note 4 will begin tonight at 12 PM on Flipkart and Mi.com which is billed as the 14nm FinFET architecture of the SoC and the Chinese company’s indigenous smartphone rolled out under "Make in India" program. Launched on Thursday, January 19, 2016, the Xiaomi Redmi Note 4 smartphone is available in the first model of ...

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ISRO Set to Create Record Launch of 103 Satellites in One Go

Indian Space Research Organisation is all set to send a record 103 satellites into space, breaking the Russian record of 37 satellites launched in June 2014. To be launched in a staggered separation of angles, velocities and orientations, 100 of these satellites are foreign and three are Indian. Dr K. Sivan, Director of the Vikram Sarabhai Space Centre told media ...

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Jagdalpur-Bhubaneswar Hirakhand Express Derails Near Rayagada, AP

The Train No 18448 Jagdalpur – Bhubaneswar Hirakhand Express derailed at Kuneru Railway Station in Vizianagaram district in Andhra Pradesh at Rayagada – Vizianagaram section at 11:15 PM (2315 hrs) on Saturday night at the border of Odisha and Andhra Pradesh under Waltair Division of East Coast Railways. Engine and 9 coaches including one Passenger cum luggage coach, two Ordinary ...

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ISRO to Launch 100 Foreign, 3 Indian Satellites in February

Indian Space Research Organisation (ISRO) is all set to launch 103 satellites, 100 of them foreign, in one go aboard the rocket PSLV-C37, which will be placed in their respective orbits in different directions. The operation of separating them by angle and time will be crucial so that they never collide with each other in different orbits. The satellites are ...

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Pakistan Releases Sepoy Chandu Babulal Chavan

flag meeting

Indian Sepoy Chandu Babulal Chavan, who crossed over to Pakistan-Occupied Kashmir from Jammau and Kashmir Krishna Ghati sector on 29 September, 2016 was finally handed over to Indian army on Saturday. India has taken up his release with Pakistani Military authorities through the existing Hotline and scheduled DGMO level talks. His presence was acknowledged by Pakistan on Oct.7, 2016. “The matter has ...

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Nostradamus to 2017: Will Trump Preside Over Next Global Recession?

The 16th century prophet Michel de Nostredame, who predicted the rise of Hitler, the 9/11 attacks had also given hint about Donald Trump’s presidential victory on the page, making the year 2017 difficult to cross over without havocs and upheavals. Now that Donald Trump was sworn in against all odds as the US 45th President, what came as “America First” ...

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Robot Journalist in China Files News story in 1 Second

For over a decade, the journalism industry was worried over the shift to online media from the print and outsourcing from the local talent and the new threat knocking it is from a robot journalist. In China, a robot journalist filed a 300-word story in Chinese to readers in just one second. So, the artificial intelligence is slowly taking over ...

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Valentine Day Notice in Bangalore RV College Stuns Many

All girl students were taken aback in Bangalore’s RV College of Engineering when a twitter post showed a photocopy of an "order" in the name of Principal that said girls without boyfriends will not be allowed entry. It said "Attention Ladies!!" on top below the RV College of Engineering letterhead. It then read: "It is mandatory for all girls to ...

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Mahesh Babu Supports Jallikattu as Tamil Nadu Spirit

Telugu film actor Mahesh Babu, who lived in Chennai mostly until he started his acting career, said one should appreciate Tamil Nadu’s unity to protest Jallikattu, which has taken centre-stage with people throning Marina beach in lakhs reminiscent of the 2010 Orange Revolution in Egypt. “Proud to see such a statement of unity among Tamilians for something that they truly ...

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