Banking and finance, government and critical infrastructure were among the most targeted sectors in India by cyber-criminals in 2018-19, according to tech major Cisco, which said that just over a quarter of these attacks cost organisations in the country upwards of USD 5 million each.

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The third largest Indian ITES firm, HCL Technologies has entered into an agreement with the Maharashtra Airport Development Company (MADC) to expand the MIHAN campus in Nagpur. Under the agreement, HCL will acquire 90 acres of land to add to the existing state-of-the-art 50-acre campus in MIHAN, Nagpur.

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US-based USD 30-billion Micron Technology says it plans a four-fold increase in hiring for its research and development (R&D) operations in India to support its global manufacturing operations. The semiconductor manufacturing company has R&D operations in Hyderabad and the facility also provides design support for various storage products, including DRAM and NAND.

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Digital payments firm Paytm says it will invest INR 7.5 billion in order to approximately double its monthly active user base on mobile to 250 million by March 2020.

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Software major Tech Mahindra announced the divestment of 73.38 pc stake in its subsidiary FixStream Networks Inc to US-based Resolve Systems LLC for USD 2 million.

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The Telecom Regulatory Authority of India (TRAI) has issued draft ‘Telecommunication Mobile Number Portability Per Port Transaction Charge (PPTC) and Dipping Charge (Amendment) Regulations) 2019’ seeking comments from stakeholders by August 23. In 2009, the Authority had prescribed the per port transaction charge of INR19 as ceiling for the tariff that could be charged from subscriber by the recipient operator.

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