The 57-year-old Krishna’s ascension to the top job at IBM comes weeks after technology behemoth Alphabet elevated former Google chief Sundar Pichai as its CEO.
Amazon said the investment will enable $10 billion in cumulative exports from the country by 2025, a goal announced by CEO Jeff Bezos during his visit to India earlier this month.
Justice Srikrishna, who was also part of the panel, also spoke of the risks of de anonymisation of personal data shared with the government and the lack of discussion on regulations governing non-personal data.
A consumer brand spends Rs 1,000-50,000 on a meme. A page with a million likes charges Rs 1,000-Rs 1,500 for visibility on Facebook and around Rs 3,000 for Instagram, creators said.
The content appeals board, which will be able to overrule Chief Executive Mark Zuckerberg, is one of the company's high-profile responses to criticism over how it handles problematic content on Facebook and Instagram.
The Department for Promotion of Industry and Internal Trade (DPIIT) is set to roll out a detailed plan of action for consumers and companies through which counterfeit products sold on e-marketplaces can be curbed.
The Cupertino, California corporation's stock has doubled over the past year, even as iPhone sales contract along with the rest of the global smartphone market.
The number of debit cards has stagnated at 900 million, while the number of UPI transactions — nearly doubling every month until 2018 — has also stabilised at single digit monthly growth rates.
L&T Infotech, Vodafone Idea and Tata Consultancy Services are among several companies that have cut back on their business with SoftBank-backed Oyo Hotels & Homes for employee accommodation
The equity round was led by Aquiline Technology Growth, RTP Global and Sequoia India, along with a clutch of undisclosed South Korean and Japanese investors.
While some countries are reaching out on their own seeking help with building platforms, in other cases India is leading the efforts,the official said, adding protocols are being developed for the partnership.
Bizongo provides end-to-end automated packaging solutions for companies operating across sectors, such as FMCG, hospitality, F&B, retail, ecommerce, and industrial logistics, among others
Amazon first bet big on India in 2014, when Bezos stood on the top of a flatbed truck in ceremonial Indian wedding garb and presented the chief of his local operation with an oversized $2 billion check
The panel also stated that that gateway internet service providers must bear a significant liability to detect and block websites showing child sexual abuse content, and all search engines must ensure that such websites are blocked during the search and report any website to authorities.
The downsizing came as part of a larger strategy to shut the Mumbai fulfilment centre, halt new store expansion in India and merge its wholesale back-end operations with Flipkart over the next few months.
Smartphone major Apple is most likely to pip brands like OnePlus and Samsung to become the largest premium handset brand in the October-December quarter driven by aggressive pricing, promotional and channel strategy and success of its latest iPhone 11 and XR smartphones
The transaction is expected to value the Singapore and Noida-based Pine Labs at $1.5-$1.7 billion and will involve a mix of primary and secondary shares
The company will use the proceeds from the latest round of fund raising to expand its presence to New York, London, and Sydney, while also doubling its workforce, with a focus on ramping up its customer success and research and development teams.
Pranav Mistry, considered one of the best innovative minds in the world right now, said Neon will be a companion to the elderly and to those who are lonely and could even work as fashion models or news anchors.
The investment has been made across multiple allotments and is likely to close next month in a round which could go up to $90-$100 million, people familiar with the matter said.
Ludo King, arguably the most popular online game in India that has been downloaded 300 million times since it was launched on Google Play three years ago. There are 6 million daily active users while 75 million in a month are playing it.
Young employees are more concerned about their earning capacity while for experienced candidates, it is about their role, ownership of tasks, job security and opportunity to grow
The financial aspects of deals are particularly important in the legacy area, which still accounts for a significant chunk of IT services revenue despite the rise of newer technologies.
Asserting that the deal was not expensive, Deepinder Goyal, founder and CEO of Zomato, told ET in an exclusive interview that parting with about 10% stake to buy the third key player in the sector will help the Gurugram-based company
The mission by the Indian Space Research Organisation (Isro) will need powerful rockets, as well as a capsule to carry human beings and return them safely back to earth.
The new rules, which will change the way social media companies monitor and take down content on the request of law enforcement agencies, are expected to be finalised by the end of the month
These angel investors now count in their portfolios some of America’s most watched startups such as data mining firm Palantir Technologies, space transport company SpaceX and Virgin Hyperloop One, the transportation technology company.
The market expansion coincides with a push towards a platform play – creating a common design and engineering base from which products can be developed to meet a quicker time-to-market paradigm.
Masayoshi Son isn't timid, to be sure. His reputation is built upon decades of courageous bets that netted him, his investors, and his founders billions of dollars. The most famous being Jack Ma and a little e-commerce company that became Alibaba Group
While Pichai cited the possibility that the technology could be used for nefarious purposes as a reason for a moratorium, Brad Smith said a ban was akin to using a meat cleaver instead of a scalpel to solve potential problems.
Digital payment solutions firm BharatPe, for example, recently handed out ESOPs worth $5 million to 22 employees in technology and product development team
In 2018, Google pledged not to use AI in applications related to weapons, surveillance that violates international norms, or that works in ways that go against human rights.
The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development to pursue global reforms over where multinational firms should be taxed.
"Many people are talking about jobs, but I look at the jobs in the perspective of the jobs lost also. I cannot create 700,000 jobs by breaking the law, breaking every anti-competitive restriction, monopolising certain markets" said Goyal.
“Not at all,” he told ET when asked if his statement would send a wrong signal to global investors. India welcomes, values and respects foreign investment, Commerce and industry minister Piyush Goyal added.
Discussions to get services professionals listed onto the GSTN come ahead of the e-commerce policy, which is expected to come out before the close of the current fiscal.
The question that whether some staff members are being asked to go is correct. Over the last one and a half years, there has been an increase in revenue to about 3x, and we had 1-million-plus rooms globally by the end of 2019
There will be no change in pricing and discount strategy of cos despite Goyal’s recent remarks. Discounts during the ongoing Republic Day and Great Indian sales on Flipkart and Amazon, respectively, will be similar to that last year
As carmakers increasingly pack their models with the latest technology and bundled services, a disruptive realignment is underway along the entire auto value chain
The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.
In a tete-a-tete with more than a dozen industrialists, Amazon founder said to have discussed growth through consumer space partnerships across sectors
CEO Salil Parekh said that the digital business would cross more than 50% of its revenue as the IT services provider wins large deals from clients investing in technology to differentiate.
From ordering supplies to managing inventory and getting analytics on customer behaviour, the kirana store owner suddenly has all kinds of technology tools at his disposal.
Google's plan is to restrict advertising software companies and other organizations from connecting their browser cookies to websites they do not operate
As part of this initiative, Amazon will establish 100 Digital Haats in cities and villages across the country that will offer allied services to e-commerce sellers
Merrill Pereyra, who has come from global franchise chain QSR Brands in Malaysia, is the first outsider head of Pizza Hut India. All his predecessors have been elevations from within Yum! Brands that operates Pizza Hut, KFC and Taco Bell restaurant chains in the country.
Fourteen San Francisco-area companies that began trading publicly last year have raised more than $15 billion, led by Uber Inc.’s $8.1 billion and Lyft Inc.’s $2.3 billion. Expand that to include the 16 other Bay Area firms that have gone public and the amount jumps to more than $20 billion.
Warner Music had previously filed an injunction to prevent the Swedish firm from offering songs from its roster of songwriters in the country, just prior to the service's launch in India in February last year
KPMG, Infosys, Accenture, Nestaway, Sodexo and others have policies have introduced policies as well as hiring plans to ease the transition of the marginalised community into the formal workplace.
Industry executives said consumers shifted to consuming content on their smartphones and postponed upgrade of their existing television sets in urban and semi-urban areas with the popularity of video streaming services like Netflix, Amazon Prime and Hotstar.
Inventus Capital's largest exit has been through selling a partial stake in PolicyBazaar to Japan's SoftBank. It sold about 1.67% of its 3.5% stake in the firm for about $25 million, making more than 20X return.
"I think what is happening is sad... It's just bad.... I would love to see a Bangladeshi immigrant who comes to India and creates the next unicorn in India or becomes the next CEO of Infosys" Ben Smith wrote on the microblogging platform Twitter, quoting the Indian-born Nadella as responding to his question.
The investigation is the latest setback for Amazon and Walmart's Flipkart, which Indian brick-and-mortar traders allege violate the country's foreign investment rules
In an internal mail to the employees of OYO in India and South Asia,Oyo founder Ritesh Agarwal said that asking some of the colleagues to move to a new career outside of OYO has not been an 'easy decision'.
The company’s marketing strategy includes use of influencers to tout its products online. It cites relying on them as a risk that “may materially and adversely affect our reputation or subject us to fines or other penalties”.
Backed by the Reserve Bank of India, it's an ambitious approach that combines privacy protection with credit reporting: if it works, it could unlock the credit market for millions of Indians while offering new levels of data security and consumer control.
IT clients have been shifting spends from existing technologies — used to currently run their businesses — to newer ones in order to deal with disruption from startups and demands from customers.
The seed funding round is the latest instance of some of the biggest venture capital firms backing India’s burgeoning neobanks, which are described as digital banks that have no physical branches
Mukesh Bansal talks about some of the habits he has cultivated, Cure.Fit's revenue growth and profitability, Eat.Fit, his current venture and his outlook on the startup ecosystem.
The new functionality will allow UPI users to bypass additional factor authentication every time a payment is made to a regular merchant by giving a one-time instruction to the UPI service provider.
Cellphone retailers under the umbrella of their apex national body All India Mobile Retailers Association has informed brands like Xiaomi, Samsung and OnePlus that unless online discounting is controlled, retailers will deduct the difference and sell at online prices and may even consider boycotting the brand altogether.
“The skill differentiation and the performance differentiation will be almost equal in terms of increments paid out,” said Anandorup Ghose, a partner at Deloitte. “There may be someone with a particular kind of machine learning skill who hasn’t had a great output this year.
The apex court also spoke on the right of citizens to express dissent without resorting to violence saying prohibitory orders under Sec 144 of the CrPC cannot be used as tool to suppress it.
An anonymous group calling itself "ethical employees" had written to the Infosys Board as well as the American capital markets regulator US Securities & Exchange Commission alleging impropriety by the company.
Certainly a country that is as close to the US as India is, we would want to continue to have those lines of communication open, says Ajit Pai, chairman of the Federal Communications Commission talking about net neutrality.
The latest capital infusion will provide greater ammunition to Zomato's war chest, even as it battles deep-pockets rival Swiggy for market dominance in India's highly-competitive food-delivery sector.
Facebook faced widespread criticism, including from some of its own employees last year for failing to fact-check ads from politicians — a policy Democrats in the United States say will help re-elect President Donald Trump.
"Last year, we announced Rs 10,000 crore worth of investments for the next few years which are primarily for customer acquisition and merchant onboarding" said Paytm founder Vijay Shekhar Sharma
The CCI has also recommended that e-commerce platforms notify the businesses of any proposed changes in terms and conditions and only bring them into effect after a reasonable notice period.
Digital payments have grown by leaps and bounds since PM Modi embarked on a drive for financial inclusion. But scrapping intermediaries' commission on one particular network could set the clock back and defeat the purpose of having a strong home grown utility.
The post by Andrew Bosworth, a former head of Facebook’s advertising team, provides an unusually candid glimpse of the debates raging within Facebook about the platform’s responsibilities as it heads into the 2020 election.
Over the last few months, Tech Mahindra and Wipro said that they would set up centres in Finland, while HCL Technologies has been present there for a decade now.
The company said most of the new capital will be utilised to expand its offering to include state government job recruitment exams to its curriculum and expanding its base of exams to 400 from 100 in the next two years.
The social network is beefing up its policies to remove videos edited or synthesized in ways that aren't apparent to the average person, and which could dupe someone into thinking the video's subject said something he or she didn't actually say.
Ramachandran and Zoho Corp CEO and founder Sridhar Vembu were to share the stage with Anirudha Deshpande, the chief of All India Public Outreach at RSS
Hype House, the physical location of a new content creator collective, is a Spanish-style mansion perched at the top of a hill on a gated street in Los Angeles.
A look at the top 10 angel investors in collaboration with AngelList, a Silicon Valley-based online platform that startups use to raise capital and recruit people.
Market watchers say sector will be a big jobs driver with boost in infrastructure development, policies and tech; monthly salaries likely up to Rs 30,000-plus in peak season
Future Group and Amazon are collaborating to sell products from apparel to grocery and thereby make the best of both physical and online selling and widen distribution.
Amid new gadgets and glitz, the CES tech show in Las Vegas aims to offer some answers, many of which boil down to more streaming and more efforts to glue you to your phone.
Given its focus on late-stage deals, the investment bank will look to leverage its existing relationships with private equity majors and bulge-bracket investors to raise capital for clients in India.
The NCLAT had in its December 18 judgment restored Mistry as executive chairman of Tata Sons and directed the re-instatement of Mistry as director of the IT behemoth for the rest of his tenure.
There were two more astronauts whose names many people may have forgotten: P Radhakrishnan and NC Bhatt, both ISRO scientists, trained by NASA around the same time to fly on the Space Shuttle. But for a tragic twist of fate, one of them would have been the second Indian in space.
SBI and other state-run banks are the main issuers of the RuPay card and their worry is that the government decision to scrap the processing charge on transactions with the card would cause them a revenue loss.
XpressBees, which was spun off as a separate unit from Softbank-backed baby and mother care retailer FirstCry, had previously received an investment of Rs 224 crore from Alibaba in December 2017
A total of 19 crore transactions worth Rs 9,300 crore were recorded on Aadhaar-enabled payment systems which is significantly lower than the 25% growth in transactions value the channel recorded between November and December 2018.
USCIS, the agency that issues H-1B visas, will move to a new system in April that requires employers to register in advance names of employees who need the work permit.
Individuals will need to upskill to ensure career longevity even as automation takes over certain jobs. Careers in vogue right now may not even exist a decade later.
India sent 107 total requests for user information in the first half of 2019. Out of these 99 were legal requests and 8 were emergency requests. TikTok said it complied with 47% of these requests from India.
The sale will operate through a web store on Amazon's marketplace. The Future Group will deliver products ordered on the web store through its network of outlets and warehouses.
Did someone invite a spy into your home over the holidays? Maybe so, if a friend or family member gave you a voice-controlled speaker or some other smart device.
Indian Space Research Organisation chairman K Sivan said that 2020 will be a year of Chandrayaan-3 and Gaganyaan (human spaceflight mission). The space agency has targeted over 25 missions this year.