BlackBerry to acquire German security solutions firm

BlackBerry to acquire German security solutions firmNew Delhi - BlackBerry will acquire German security solutions firm Secusmart GmbH as part of its efforts to ramp up enterprise service offerings.

Secusmart provides high-security voice and data encryption and anti-eavesdropping solutions for government organisations, enterprises and telecommunications service providers in Germany as well as globally.

"BlackBerry Limited has entered into an agreement to acquire Secusmart GmbH," it said in a statement today.

Amazon to invest $2 bn in India; on track to hit $1 bn sales

AmazonNew Delhi: Upping its ante in India's fiercely competitive online shopping space, e-commerce giant Amazon on Wednesday said it will invest USD 2 billion in the country to grow the business in a market that is dominated by homegrown players like Flipkart and Snapdeal.

The US-based firm's announcement comes less than 24 hours after rival Flipkart announced raising a whopping USD 1 billion funding, the largest in the e-commerce space in India.

Amazon, which launched its marketplace in India last year, said the country is one of its fastest growing markets and is on track to touch USD 1 billion in gross sales.

Milky Way is way smaller than thought

Milky WayLondon: The Milky Way is lighter than astronomers previously thought, according to new

HSBC closes Muslim accounts in UK

HSBCLondon: In a controversial move, global private banking major HSBC has closed a number of "risky" accounts belonging to Muslim groups and individuals in the UK.

HSBC has written to one of London's biggest mosques at Finsbury Park and other organisations, including an Islamic think tank, saying that to continue providing services would be outside the bank's "risk appetite".

It said decisions to close accounts were "absolutely not based on race or religion".

India among countries to face 'insurmountable' water crisis by 2040

India among countries to face 'insurmountable' water crisis by 2040Washington, July 30 - A research focusing on four different case studies in France, the United States, China and India respectively has recently revealed that it might be impossible to continue to produce electricity and meet the demand of clean drinking water worldwide by 2040.

The team found that by the year 2040 there would not be enough water in the world to quench the thirst of the world population and keep the current energy and power solutions going if people continue doing what they are doing today.

U.S. announces new sanctions against Russia

Barack ObamaLondon, July 30 - United States President Barack Obama has declared new sanctions against Russia, saying that the U. S. would make Russia's economy weaker.

Obama said that new sanctions by U. S. and European Union would have a greater impact on Russia's economy, reports the BBC.

The new permits include banning people in the U. S. from making any transactions with three Russian banks while E. U. would target oil sector, defence equipment and sensitive technologies.

The U. S. Treasury said that the three Russian banks were the Bank of Moscow, VTB bank and the Russian Agriculture Bank.

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