Israel's Coralogix, ML-based log analysis, and monitoring solution provider has announced a strategic expansion to India to provide its customers with its first local Amazon Web Services (AWS) regional server support and data storage capabilities. By localizing data, Coralogix will help customers meet the compliance requirements of India's new data privacy law and significantly improve service performance. Coralogix will also send an on-site team to provide comprehensive sales and customer success support to the Indian company.Speaking on the expansion, Ariel Assaraf, CEO, and co-Founder, Coralogix said, “With today’s strategic move, we are proactively addressing new Indian data privacy laws scheduled to take effect in 2021 by providing Coralogix customers with a solution well ahead of most of our competitors.”He also added, “When the new laws are enacted, we anticipate a profound sense of urgency for companies who fall under domestic compliance rules to store … [Read more...] about India set to receive funding of $30 million in tranches over the next 5 years from Coralogix, Israel
Isin code of mutual funds
Major central universities became parochial in their outlook as opposed to attracting talent from all over the country and outside. The marginalisation of merit has had its own set of consequences where quest for excellence has given way to catering to the lowest common denominator. … [Read more...] about What’s ailing higher education in India?
Saudi Arabia, but it faces an equally worrying and more intractable problem of declining remittances from the Persian Gulf region due to low crude oil prices that have rendered a large number of expatriates jobless.Remittances to India from the Gulf countries fell 2.2% in 2015-16 from that a year ago to $35.9 billion, declining for the first time in six years, officials told ET.In 2015, according to World Bank data, Indians working abroad sent home about $69 billion, down 2.1% from $70 billion in the previous year. India is the largest recipient of remittances in the world and the Gulf countries account for more than half of this amount.The United Arab Emirates was the biggest source of remittances to India from the Gulf in 2015-16, accounting for 38.7% of the total inflow, followed by Saudi Arabia, with a 28.2% share. Analysts said India could see a further fall in remittances from the Gulf if oil prices stay low for an extended period or witness unexpected decline.This could emerge … [Read more...] about Low oil prices shrink Gulf jobs for Indians
Gold was trading higher in early trade on Wednesday on account of weak dollar amid political uncertainty after reports that said US President Donald Trump asked the FBI to end a probe into his former security adviser.The yellow metal was trading 0.51 per cent, or Rs 143, up at 28,237 per 10 gram around 10.45 am (IST), while the white metal silver was up 0.54 per cent, or Rs 211, up at Rs 38,955 per 1 kg at around the same time.On the further movement of gold, Nirmal Bang Commodities said, “We expect prices to trade higher for the day as Asian stocks slipped and the dollar was pressured after underwhelming US housing data and reports that US President Donald Trump sought an end to an FBI probe into his former security adviser.”Angel Broking seconds Nirmal Bang Commodities and said, “We expect gold prices to trade higher on Tuesday as further weakness in the Dollar index following recent news that Trump asked FBI Director James Comey to drop an investigation into former … [Read more...] about Gold, silver inch higher in morning trade; should you buy?
World Bank on Wednesday announced a two-year conditional non-debarment of an Indian company in connection with corrupt and fraudulent practices in two road infrastructure projects in Karnataka and Uttar Pradesh. Egis India Consulting Engineers Private Limited is accused of corrupt and fraudulent practices in the Second Karnataka State Highway Improvement Project and the Uttar Pradesh Core Road Network Development Project. The World Bank said that Egis India was sanctioned with conditional non-debarment. This means that it remains eligible to participate in World Bank-financed projects as long as it complies with its obligations under the settlement agreement. "Otherwise, the conditional non-debarment will convert to a sanction of debarment with conditional release, and the company then will become ineligible to participate in World Bank-financed projects until the conditions for release set out in the settlement agreement are met," the World Bank said. A conditional non-debarment does … [Read more...] about World Bank announces 2-year conditional non-debarment of Indian company for corrupt practices