BUSINESS
Cisco pledges $100 million to combat climate change
"We will also prioritise programmes that create measurable impact by reducing and capturing carbon, increasing energy efficiency, creating and increasing access to green jobs, and helping change community behaviour so that vulnerable communities can become more resilient and reduce their own carbon footprints," wrote Francine Katsoudas, Executive Vice President and Chief People, Policy and Purpose Officer at Cisco, in the blog post.
Global cues, value buy lift equities, metal stocks trade higher
Accordingly, the market opened with a gap down but was able to cut all the losses in the first half. Globally, the Asian market has traded mostly in green following the recovery and positive sentiments in the US markets. On the domestic front, except for negligible losses in the FMCG, Realty, Auto and IT space, all other sectoral indices are moving in the positive territory.
P&G commissions first in-house solar plant in India
This is P&G's only fifth manufacturing site globally to commission an in-house solar plant. Spread over 16,000 square meters and comprising nearly 3,000 panels, the in-house solar plant has a capacity of one Megawatt of clean energy production and will reduce the company's carbon footprint by an estimated 1,030 tonnes annually.
IOB appoints EY as digital consultant
According to IOB, the digital consultant would help it to stay focused on leveraging and adopting new technologies and to enhance the service quality and service delivery to its customers.
IBM Hybrid Cloud to help Parle Products drive growth
Parle will migrate SAP workloads to IBM Cloud to gain flexibility and scale to help meet increasing consumer needs and IBM to work with Parle to design and manage AI-based supply chain based on its consulting and capabilities.
Equity indices in red; banking, auto stocks fall
Around 10.20 a.m., Sensex was trading at 47,478.71, lower by 227.09 points or 0.48 per cent from the previous close of 47,705.80. It opened at 47,501.71 and has touched an intra-day high of 47,565.03 and a low of 47,204.50 points.
Port volumes moderate but still resilient: Ind-Ra
According to the agency, overall volumes continued grew 2 per cent YoY in February 2021, backed by robust growth in iron ore & containers. The overall volume declined 7 per cent YoY in 11MFY21, but was much lower than earlier anticipated 12-14 per cent.
DCB Bank acquires 9% equity stake in Techfino Capital
Narendranath Mishra, Head Agri and Inclusive Banking, DCB Bank, said: "DCB Bank & TCPL are delighted to be associated in this manner. We value each other's experience and expertise to build a granular loan portfolio with patience and nuance. DCB Bank and Techfino complement each other's strengths, and this is an opportunity for both organisations to grow the customer franchise."
BlaBlaCar raises $115m to build all-in-one travel app
The new round of funding includes existing investor VNV Global, as well as new investors, namely -- Otiva J/F AB, an investment company created by Jonas Nordlander and Filip Engelbert, former Chairman Investments at Alibaba Group who served on the boards of both Lyft and Tripadvisor are among others.
Amazon launches Fire TV Cube in India at Rs 12,999
With Fire TV Cube, customers can voice-control their entertainment system including compatible TV, Set-Top Box, Smart Home devices, A/V receivers, etc. "We are excited to introduce Fire TV Cube -- our fastest and most powerful Fire TV device, developed after gathering a wealth of feedback about how customers use voice in the living room," Parag Gupta, Head of Amazon Devices, India, said in a statement.
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