actyv.ai elevates four executive leaders as Co-founders

from Tech-Economic Times https://ift.tt/q84kPRd

US, Microsoft reach settlement over tech firm's sanctions violations

Microsoft has agreed to remit about $3 million to settle its potential civil liability for more than 1,300 apparent sanctions violations in relation to restrictions on Cuba, Iran, Syria and Russia involving the export of services or software from the US to sanctioned jurisdictions, the US Treasury Department said in a statement.

from Tech-Economic Times https://ift.tt/hDZ1uIn

Byju’s lenders seek $200 million loan prepayment; government notifies online gaming rules

Edtech major Byju's lenders have sought up to $200 million in prepayment along with a higher interest rate to restructure its $1.2 billion term loan B (TLB).

from Tech-Economic Times https://ift.tt/0dyiJj8

Wazirx NFT collectors want its ownership transferred to a DAO

The group, which is frustrated by the sudden closure of the marketplace and has faced multiple technical issues in listing and accessing their NFTs in the months since the WazirX marketplace’s shutdown.

from Tech-Economic Times https://ift.tt/eR2EiPA

Cognizant wins £74 million deal from UK's Department of Environment, Food and Rural Affairs

Cognizant will implement, under the Application Development and Maintenance Support services program, a new online services and digital platform capability, which can be reused across the core Defra group, including its partner organizations such as the Environment Agency, the Animal Plant Health Agency, and the Rural Payments Agency, according to a press release.

from Tech-Economic Times https://ift.tt/TS4HiFe

Scoop: Dunzo secures $75M via convertible notes, fires 30% staff; Tim Cook may visit India as Apple opens first company-owned store

Reliance Retail-backed quick commerce startup Dunzo has secured funding of $75 million through convertible notes. It is also laying off about 30% of employees in addition to planning a shift in the business model.

from Tech-Economic Times https://ift.tt/xPLTSUC

Indian shoppers to spend $140-160 billion online by 2025: report

The pandemic accelerated digital penetration by 12–24 months across different sectors, which will boost the adoption of e-commerce in reaching a total of 350 to 400 million online shoppers spending $150 billion by 2025.

from Tech-Economic Times https://ift.tt/VfpZYmN