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Microsoft software, prominently used by enterprise networks worldwide. CrowdStrike, a US-based endpoint security provider to several global organisations including Microsoft, first released an update to its product — Falcon Sensor — on July 9 gradually rolling it out to companies globally over the next 10 days. On July 18 and 19, the update — intended to pre-emptively detect cybersecurity breaches — was pushed onto Microsoft devices unwittingly, triggering widespread chaos. It forced several banks, hospitals, airlines, and startups to resort to manual processes to continue operations, industry executives said. «Around 300 flights have been cancelled, including around 200 for market leader Indigo alone till 6 pm (on Friday),» people aware of the details told ET.

IT outage affecting Microsoft's Azure cloud platform has caused major disruptions in the aviation sector, leading to the cancellation of over 200 flights by IndiGo. This global incident, which began on July 19, 2024, has had a cascading effect on travel systems worldwide, severely impacting airline operations. IndiGo’s Operational Challenges IndiGo, one of India’s largest carriers, has reported substantial operational disruptions. The airline announced on X, «Flights are cancelled due to the cascading effect of the worldwide travel system outage, beyond our control. The option to rebook/claim a refund is temporarily unavailable.» The outage has impacted IndiGo's flight operations, check-in systems, and baggage handling.

Airbus is set to expand its Safety Promotion Centres (SPC) to China, the USA, Germany, and the United Kingdom, added Nicolas Bardou, the product safety communications and aircraft accident crisis response advisor, during a discussion with ANI. The Safety Promotion Centre is a specialized facility focused on enhancing safety within the aviation industry. The SPC was introduced in 2023 as a strategic initiative to disseminate safety controls. Notably, in India, Airbus operates a satellite SPC located in Bangalore, furthering its global safety outreach.

AI startup Cropin Technology Solutions has unveiled a real-time intelligence solution to forecast future yields for 13 vital crops as artificial intelligence helps overcome bottlenecks in the farming industry. The Bangalore-headquartered company unveiled Sage, powered by Alphabet Inc.’s Google Gemini AI model, which converts the world’s agricultural landscape into a proprietary grid-based map and then delivers precise predictive intelligence based on historical data. Decision-makers can ask questions about crop performance and life cycle in their native language and get information on productivity, climate, farm practices and soil for the 13 crops that account for 80% of global food demand.

workspace provider Incuspaze, has leased 115,000 sq ft in Bangalore’s Whitefield. “With our ongoing expansion in Bangalore and our plans for Chennai and Hyderabad, we are committed to providing tailored workspace solutions that support the diverse needs of our clients,” said said Sanjay Choudhary, founder and CEO of Incuspaze. Incuspaze is set to expand its portfolio in southern India, with ORR micro market in Bangalore and further entering key markets in Chennai and Hyderabad. As part of its growth plan, the company is targeting over 2 million square feet of workspace take-up over the next two years.

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large scale projects in less than five years since 2014 against 6 years before that as modernisation of construction technology and implementation of Real Estate Regulatory Authority (RERA) has ensured homebuyers are getting the home in time. According to Anarock data, the average time taken to complete smaller projects of less than 500 units in the top 7 cities was 4 years, and 4.9 years for large projects of more than 500 units each. Market share of large and listed developers, has also increased significantly, which has contributed to timely delivery of the projects.

consumer behaviour, presenting a wealth of opportunities for investors. Consider the automotive industry: 60% of car registrations in India in FY24 have been SUVs, highlighting a preference for higher-end vehicles offering status and comfort. In the two-wheeler segment, growth is driven by demand for power bikes Similarly, metropolitan real estate markets, particularly in Mumbai, NCR, Bangalore, and Chennai show a rise in demand for luxury properties India's luxury housing market is thriving, as it recorded a 10 per cent year-on-year (Y-o-Y) growth in sales during the first quarter (Q1) of 2024.

international airport that is being planned for Bengaluru will be as large as the Kempegowda International Airport (KIA) and would require about 4500-5000 acres of land, Industry & Infrastructure Minister MB Patil said on Wednesday. The KempeGowda International Airport, operated by the Bangalore International Airport Limited (BIAL) has been the third busiest airport in the country after Delhi and Mumbai. The airport recorded the highest-ever passenger traffic with 37.5 million travelers in the year 2023-24 and handled 439,524 metric tonnes of cargo. The international airport will reach its peak passenger and cargo load capacity by 2035, and the state government has to plan a second airport well ahead of time, the minister told a media conference.

Nykaa, TCS, Tata Elxsi, Glenmark Life, YES Bank, Siemens among others will be in focus due to various news developments and first quarter results. TCS, Anand Rathi Wealth, Akme Fintrade Shares of TCS, Anand Rathi Wealth and Akme Fintrade will be in focus today as the companies will announce their first quarter results.

Gurugram, July 03, 2024: As the awareness and demand for term insurance gains momentum, Policybazaar has observed a steadily growing preference among High-Net-Worth Individuals (HNIs) for high-value insurance coverage. This shift is visible through an increasing number of HNIs opting for high-value policies of ₹20 Crore over the last few years.

Accenture announced its third acquisition in the semiconductor silicon design and engineering services space with US-headquartered Cientra. Accenture will absorb Cientra's approximately 530 engineers and practitioners entirely to Accenture’s Advanced Technology Centers in India, Accenture said in a statement.

title deeds of the plots on which their apartments stand be transferred to their association by executing a registered conveyance deed. This move comes in response to the alleged reluctance of many builders in Bengaluru and other parts of Karnataka to comply with this legal requirement, allowing some promoters to mortgage the land or initiate new construction projects even years after the apartments have been sold. According to Sections 11 and 17 of the Real Estate Regulatory Authority (RERA) Act, promoters or builders are mandated to execute a registered conveyance deed of the undivided proportionate title in common areas to the association of allottees within three months of obtaining the occupation certificate or the completion certificate. Despite this legal obligation, many builders have failed to comply, leaving apartment owners in a precarious position regarding their ownership rights. This issue was a focal point during a session organized by the Bangalore City Flat Owners’ Association (BCFOWA), a not-for-profit organization dedicated to spreading awareness about the ownership, management, and maintenance of apartments and properties. Over 30 members from various apartment associations attended the session, highlighting the widespread concern among flat owners.

Karnataka Infrastructure Minister MB Patil recently announced plans to convene a meeting soon to determine the location of Bengaluru’s proposed second airport. The decision will primarily consider two key factors: passenger load and connectivity to the existing Kempegowda International Airport (KIA). The exclusivity clause with Bangalore International Airport Limited (BIAL), which restricts the establishment of another airport within a 150-kilometer radius, ends in 2032. This clause will allow the potential development of a new airport by 2033. Considering the time required for land acquisition and compensation for landowners, the government has initiated the planning process early. Patil also addressed the Tamil Nadu government's decision to build an airport in Hosur, stating that it needs to be examined whether the exclusivity clause with BIAL applies to it.

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DafaNews, West Indies veteran cricketer Chris Gayle said that international cricket should not overlap with the Indian Premier League (IPL).Gayle has been a legendary player in the IPL and first started out on the Kolkata Knight Riders (KKR) team in 2009. He moved to the Royal Challengers Bangalore (RCB) in 2011 and proved instrumental for the team's performance, eventually finishing his IPL journey with Punjab Kings in 2021.

Beckn-ONIX (Open Network in a Box), an open-source stack that enables rapid deployment and configuration of Beckn-enabled networks through a virtual appliance, can now allow anyone to build an open network in minutes, ensuring faster rollouts of networks, be it in agriculture, energy, healthcare or ecommerce, said a company executive. Created by the Bengaluru-based non-profit Foundation for Interoperability in Digital Economy, the Beckn protocol powers e-commerce networks like the Open Network for Digital Commerce (ONDC). Launching a basic open network involves setting up a registry, gateway, consumer app, and provider app, and can typically take a month to a few weeks.

traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying it was critical to develop an industrial ecosystem beyond Bengaluru. The Kempe Gowda International Airport, operated by the Bangalore International Airport Limited (BIAL) has been the third busiest airport in the country after Delhi and Mumbai.

Real estate sector saw debt sanctions of ₹9.63 lakh crore during 2018-23 and there is an opportunity of debt financing of ₹14 lakh crore in the next three years, according to a report by JLL India and Propstack. In their joint report — 'Decoding Debt Financing: Opportunities in Indian Real Estate', JLL India and Propstack said the real estate sector in India witnessed debt sanctioning amounting to ₹9,63,441 crore in the last six years.

Daibiru Corporation, a subsidiary of the Japanese business conglomerate Mitsui O.S.K. Lines has invested Rs 1,000 crore in an under-construction office complex in Gurgaon, being developed by DLF in a joint venture with the global investment and development firm Hines, according to three persons familiar with the deal. Hines, which holds a 33% stake in the joint venture, facilitated the exit of the Abu Dhabi Investment Authority (ADIA) by bringing in Daibiru as an investor. Both companies have created Daibiru Hines Trust at GIFT City, Gujarat, and plan to invest in more commercial assets across the country.