Australia to introduce tougher penalties for data breaches

Australia to introduce tougher penalties for data breaches

The Australian government will next week introduce legislation to significantly increase penalties for privacy breaches after the huge hack at mobile-phone operator Optus. The legislation will boost the maximum penalty for serious or repeated privacy breaches to A$50 million ($32 million); three times the value of any benefit obtained through the misuse of information; or […]

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Bharti to buy 3.33% Airtel stake from Singtel for ₹12,895 cr.

Bharti to buy 3.33% Airtel stake from Singtel for ₹12,895 cr.

Bharti Airtel promoter Bharti Telecom Ltd. will buy a 3.33% Bharti Airtel stake from Singtel for 2.25 billion Singapore dollars, or about ₹12,895 crore, in 90 days’ time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal’s family and Singtel are co-investors in Bharti Telecom Ltd. (BTL). Singtel, in a statement, said […]

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Bharti Telecom to buy 3.33% Airtel stake from Singtel for ₹12,895 crore

Bharti Telecom to buy 3.33% Airtel stake from Singtel for ₹12,895 crore

Bharti Airtel promoter Bharti Telecom will buy a 3.33% stake from Singtel for 2.25 billion Singapore dollars or about ₹12,895 crore in 90 days, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal’s family and Singtel own Bharti Telecom (BTL). “Singtel and its affiliates have entered into an agreement to transfer approximately […]

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