VARINDIA IT MAGAZINE

FM announces Average Annual Revenue Collection from Tobacco Products Stands at Rs 53,750 Crore:  Finance Minister Nirmala Sitharaman   has told the   Rajya Sabha   that the average annual revenue collection, including   GST   and excise duty, from tobacco products, stands at about Rs 53,750 crore.   The minister also said the GST rates, including compensation cess rates, on goods are fixed on the basis of the recommendations of the  GST Council .   Answering supplementary questions, she said many non-governmental organisations (NGOs) and consumer education forums have suggested to increase levies on tobacco products considering the health impact.... Read More

Bharatpe joins the Unicorn club, valuation touches $ 2.85 bn:  Merchant payments and financial services provider   BharatPe   has raised $370 million in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based   Tiger Global Management . Its valuation rose more than threefold to $2.85 billion in just six months time. BharatPe becomes 19th unicorn in 2021 with $370 Mn round led by Tiger Global.   The fintech company had raised $108 million in February this year at a valuation of $900 million.  Ashneer Grover  , the co-founder of BharatPe will assume the role of managing director at the company and will continue driving its strategy, technology and product functions, as well as managing capital fundraising.This is a three-fold jump in the company’s valuation within six months. It was valued at around $922 million during its last fundraise in February.   BharatPe has also made significant changes to its to...

Avantha Group's Gautam Thapar arrested by ED for money laundering:  On Tuesday evening the   Enforcement Directorate (ED)   arrested   Avantha Group promoter Gautam Thapar   investigating a money laundering case against him. The agency arrested him following searches at 14 locations, including Mumbai and Delhi. The ED started interrogating Thapar on Tuesday morning in connection with the alleged property transaction between Avantha Realty and   YES Bank's co-founder Rana Kapoor   and his wife.   In June, the federal agency had booked Thapar and promoters and directors of two private companies based in Delhi and Gurugram for causing an alleged loss of Rs 467 crore (approximately) to YES Bank.  Central Bureau of Investigation (CBI)  too has been investigating Thapar's role in the matter.   Agencies also examined Thapar's role in alleged irregularities at CG Power and Industrial Solutions in a separate case.   In 2019, the CG Powe...

Marvell Tech to acquire Innovium for $1.1 Billion:  Marvell Technology   is ready to acquire networking chip start-up   Innovium   for $1.1 billion, aimed at bolstering Marvell’s share of networking chips sold to large cloud-computing companies to power the largest, most complex data centers.   Marvell CEO Matt Murphy  says the market for Ethernet switch chips inside data centers-Innovium’s primary business-could double to $2 billion over the next five years, as the growth to come mostly from the hyperscalers, even as regular data centers are going to be kind of flattish,” Murphy said. “But the hyperscale probably grows at 20% a year, maybe 30% a year, so it’s pretty significant.”   Innovium makes networking chips that act as a kind of traffic controller and direct data quickly and efficiently to various parts of a data center. Innovium’s Teralynx chips compete with  Broadcom , which makes products that perform a similar function. Inovium’s produc...

Alienware m15 R5 and Alienware m15 R6 launched in India:  The first AMD-based Alienware machine in over a decade, has now made its way to India. Following the availability of the   Alienware m15 R5 Ryzen Edition , Dell has now introduced the Alienware m15 R6 gaming laptop, the first device powered with 11th generation Intel® Core™ processors and accompanied by the NVIDIA® GeForce RTX™ 30-series graphics. Dedicated to fuelling the rise of Indian gamers, Dell and Alienware are tapping into the pulse of this thriving community.   With support for the AMD Ryzen R7-5800 H-Series Mobile Processors and  NVIDIA® GeForce RTX™ 30  Series Laptop GPUs, the Alienware m15 R5 is the first Alienware notebook engineered with AMD processors and NVIDIA graphics, suitable for creation and entertainment.   The Alienware m15 R6 offers the Core i7-11800H Tiger Lake-H CPU. Graphics options range from the NVIDIA RTX 3060 to the RTX 3080 Laptop GPUs which offer the Dynamic Boost fea...

PM Modi launches e-RUPI digital payment platform:  Prime Minister Narendra Modi   on Monday launched   e-RUPI , an electronic voucher that promotes digital payment . "Today the country is giving a new dimension to digital governance," said PM Modi during the virtual launch. "e-RUPI voucher is going to play a huge role in making DBT more effective in digital transactions in the country," he added.   It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries. The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or Internet banking access, at the service provider, the official statement said.   The instrument has been developed by the  National Payments Corporation of India  on its UPI platform, in collaboration with the Department of Financial Services,  Ministry of Health and Family Welfare  and National Health Authority.   T...

P V Sindhu becomes the first Indian woman to win two Olympic medals:  The   Prime Minister, Shri Narendra Modi   has congratulated   P V Sindhu   for winning the Bronze medal in Badminton at   Tokyo Olympics 2020 . The Prime Minister also said that she is India’s pride and one of our most outstanding Olympians.   In a tweet, the Prime Minister said, We are all elated by the stellar performance by Pvsindhu. Congratulations to her on winning the Bronze at  @Tokyo2020 . She is India’s pride and one of our most outstanding Olympians.  #Tokyo2020 ".   Absolutely,  PM Modi  is always stand as a great motivator for the students , athletes and technologists. His level of confidence brings the aspirants as a shield to protect against all negativity.   After shuttler PV Sindhu bagged a bronze medal at Tokyo Olympics, her father PV Ramana said, I think she's coming on Aug 3. I'm planning to go to Delhi. We have to get as many medals ...

“The collaboration we have with our vendors, helps us deliver quality performance”:  In a chat with VARINDIA,   ABHISHEK RUNGTA, PROPRIETOR, COMPUTEK   discusses about the business model and the growth opportunities, differentiating factors from competitors, challenges faced post COVID and much more   Please give us a little brief about yourself and the company . Computek  started on a modest scale when the IT sector was evolving in Hyderabad. Today, the city has become ‘Cyberabad’- a hub for major hardware and software solutions. We have been associated with Lenovo for more than 12 years now. Started our journey with retail and today we provide complete end to end customized services & solutions. In order to cater to the growing needs of several prestigious enterprises in the city, the company has expanded the scale and agility of its business. As a leading service provider in this sector, we have been instrumental in the digital transformation of our clien...

Converging networking and security breaks down silos and encourages collaboration across the network:  The convergence of security and networking offers significant opportunities for partners to meet their customers’ demands for performance and protection.   RAJESH MAURYA, Regional Vice President, India & SAARC, Fortinet   in an interview with   VAR India   explains why partners should embrace security-driven networking.   How can partner secure customers networks that are fragmented and now include new unique edges? Establishing a flexible and adaptive network that connects in-person and remote workers is challenging. Similarly, managing security in a continuously evolving threat landscape becomes increasingly difficult, especially for organizations using legacy solutions and strategies.   Partners can help their customers address these issues by working with them to implement a security-driven networking strategy. Converging networking and securi...

Pegasus become a global headache targets thousands of people around the world :  Pegasus   is a spying software developed by   Israel's NSO . Reports claim that phones of over 40 Indian journalists were hacked. The Chairperson of the parliamentary Standing Committee on Information Technology,   Dr. Shashi Tharoor   has demanded an independent probe into the matter.   It is becoming clear that perhaps there is a need for an independent enquiry headed by a Supreme Court judge who would have the power not just to summon witnesses, but also to weigh the evidence in a judicial manner. The spyware is developed by the Israeli firm NSO Group and it can remotely track and perform complete data extraction without leaving any traces.   Any illegal malware, hacking of mobile and digital data of any individual is an infringement of an individual's privacy, which is guaranteed by the Constitution. It is under challenge and it is the duty of the government to order a...

No pressure from my family for marriage: Tanishaa:  Actress   Tanishaa Mukerji   has spoken about how her family reacts to her being unmarried at 43 years old. She said, there is no pressure from them on her family family for marriage.   "My family is amazing...I'm very blessed and I have an amazing life," she added. Earlier, she revealed that she froze her eggs at 39.   Tanishaa Mukerji is the daughter of veteran actor Tanuja and the younger sister of actor Kajol. Her father was late Bollywood filmmaker Shomu Mukherjee.   In a recent interview with a leading daily, Tanishaa spoke about getting her eggs frozen at 39. "At that time, when I went to my doctor (who finally froze my eggs now)… it is funny but she stopped me from doing so at that time.   While she told me it takes a toll on your body, she advised I should do it when I have no hope of conceiving a baby. It’s a personal choice. And today, it is perfectly ok to not have children. Adopt, there’s...

Raj Kundra arrested in pornography case:  In an adult film racket businessman   Raj Kundra   has been arrested. Raj Kundra is the husband of actor and businesswoman   Shilpa Shetty , was arrested by the   Mumbai Police   on Monday in connection with an adult film racket.   There were two aspects of the police probe. One was nabbing those who produced the porn shows and the other focused on those who broadcast the clips.   Sources said, Kundra had applied for anticipatory bail last month in connection with another case registered by the Maharashtra Cyber police last year.   On 4th February, the Mumbai police said they had arrested five people for allegedly forcing women into porn movies. They would promise these aspiring actresses, who came to Mumbai from various parts of the country, roles in web series. As reported by Indian Express.   However, on the day of the shoot, they would change the script and threaten the women to expose themse...