CDPQ buys IDFC PE’s road assets for Rs 2,400 crore

MUMBAI: Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has agreed to buy erstwhile IDFC Private Equity’s road portfolio Highway Concessions One (HC1) for Rs 2,400 crore, three people with...

Telcos bat for user privacy and local control over data

NEW DELHI: Facebook India has called for clarity over data rules that it said would greatly benefit the industry, while Reliance Jio Infocomm stressed that all sensitive data should be available locally and...

IIT Madras wins NTPC Electron National Finale

New Delhi: IIT Madras won the NTPC Electron National Finale 2019, beating Shri Ram Swaroop Memorial University, Lucknow, which came second, and BITS Pilani, Goa, which stood third. NTPC’s director for HR, Saptarshi Roy,...

Pound US dollar exchange rate up: Barnier suggests Brexit deal ‘still possible this week’

GBP investors were quick to seize on the remarks, propelling GBP/USD to a new three-month high. However, the pairing failed to break through the $1.27 barrier, with some gains trimmed later in the...

Coinbase chief blasts US Senate over Libra letters

The move has received a mixed response – not least from senior figures within the US government – over its use case and ethics. Mark Zuckerberg’s masterplan for the Facebook digital currency has been...

Impasse continues as HAL management and workers differ on wage revision

BENGALURU: About 19,000 workers of defence public-sector undertaking Hindustan Aeronautics Ltd (HAL) stayed away from work for the second consecutive day as the management stuck to its offer on revising wages. As the...

Jio says other telcos levying hidden charges on customers

New Delhi: Mukesh Ambani's Reliance Jio on Tuesday defended its move to charge customers 6 paise per minute for interconnect usage charges (IUC) and alleged that other telecom operators are levying the same...

Sony renews media rights deal with Australian Open for 3 years

MUMBAI: Tennis Australia and Sony Pictures Networks India (SPN) have extended their broadcast deal by three-years. The two partners announced the extension at the official Australian Open 2020 Media Launch in Mumbai on...

Ikea plans to expand in tier-II cities in second phase

After its successful launch in Hyderabad and Mumbai, Swedish furniture giant Ikea is now looking at expanding in tier-II cities as a part of its phase 2 expansion plan. The company is currently...

Companies need to respect data of consumers: Airtel CEO

New Delhi: Telecom major Bharti Airtel on Tuesday said companies need to respect data of consumers and should use such information only after seeking "explicit permissions" from them. Bharti Airtel MD and CEO...