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Bangladesh loses US$100mn to Chinese hackers

DHAKA / AFP The Bangladesh central bank says it is working to recover some $100 million allegedly stolen by Chinese hackers from an account at the Federal Reserve Bank of New York. Authorities have given few details about how the money disappeared. But Finance Minister A.M.A. Muhith says authorities are considering suing the U.S. bank over the money’s apparent transfer ...

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Infosys founders sell shares to raise $129mn

New Delhi / Bloomberg Infosys Ltd., India’s second-lagest software exporter, dropped the most in almost two weeks after two of its founders and others sold shares for “personal reasons” and philanthropy. S. Gopalakrishnan sold 5 million shares in the open market, while S.D. Shibulal and his family members sold 2.5 million shares at an average price of 1,149.45 apiece, helping ...

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Outdoor Lighting Projects aims to curb power usage

ALKESH SHARMA / Emirates Business Dubai’s Demand Side Management Strategy has initiated strenuous efforts towards achieving its aim of reducing the Emirate’s energy, electricity and water consumption by upto 30 to 40 percent by 2030. One of the critical pillars of this strategy ‘Outdoor Lighting Program’ is all set to host its much-awaited annual event ‘Outdoor Lighting Projects UAE’ event ...

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