BUSINESS
Epic vs Apple: Judge grills Tim Cook as he offers mild replies
When asked what the problem is with allowing users to have choice, especially in a gaming context, to have a cheaper option for content, Cook replied: "I think they have a choice today. They have a choice between many different Android models of smartphone or an iPhone, and that iPhone has a certain set of principles behind it, from safety and security to privacy".
Air India's passenger info compromised in global data breach
According to industry sources, the data breach has impacted other global airlines as well. Recently, systems of SITA PSS came under a cyber-security attack leading to personal data leak of certain passengers. The vendor is responsible for storing and processing of personal information of the passengers. In a statement on Friday, Air India said the incident has affected around 4,500,000 data subjects in the world.
Sovereign Gold Bond Scheme-II to be issued at Rs 4,842 per gm
The settlement date under the Series II scheme has been fixed for June 1, 2021. The government in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode.
US officials rushed to defend Amazon biz practices in India: Report
The global news wire reported that emails obtained through the US Freedom of Information Act from the office of the United States Trade Representative (USTR) showed that US officials prepared a note for John Kerry, a top envoy of President Joe Biden, about the February 17 report. The note, contained in an email dated February 18, said that India's antitrust watchdog had reviewed many such allegations against US e-commerce companies.
46% of businesses in India saw rise in fraud amid pandemic: Report
According to data analytics company Experian, despite the growing risk of fraud, 40 per cent of Indian businesses indicate that they are placing more emphasis on revenue generation rather than fraud detection, which can lead to an increase in losses and a decline in customer confidence. Considering that 56 per cent of consumers in India cite online privacy as a significant concern,
Indian chairperson, CEO or MD must for insurance Cos with FDI
Government has notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021 that makes appointment of resident Indian citizen mandatory, at least one amongst the chairperson, managing director or Chief Executive Officer. The new rules, which will also apply to existing insurers with FDI, also said that foreign investors' direct and indirect investments will be counted as prescribed under regulations.
Europe approves SK hynix's acquisition of Intel's NAND biz
SK hynix said late on Friday that it received unconditional clearance from the European Commission for its takeover of Intel's non-volatile memory unit. Last October, SK hynix signed a deal to buy Intel's NAND business for $9 billion, which includes the US firm's solid state drive business and a NAND flash chip plant in Dalian, China.
Realty recovery face challenges amid 2nd Covid wave
Sales and construction in the sector have come to a near halt. Developers and experts have sought relief amid these tough times including additional liquidity support. Axis Ecorp CEO & Director Aditya Kushwaha said: "Just when recovery was in sight, the second wave has derailed the growth momentum for the real estate industry.
India's forex reserves rise by $563 mn
According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $590.028 billion from $589.465 billion reported for the week ended May 7. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF)
Nadella explains how Microsoft will deal with hybrid work paradox
As some countries open and others like India and Brazil face their worst pandemic days, Nadella said that every organisation's approach will need to be different to meet the unique needs of their people. "According to our research, the vast majority of employees say they want more flexible remote work options, but at the same time also say they want more in-person collaboration, post-pandemic. This is the hybrid work paradox," Nadella said in a blog post.
Don't Miss
Advertisement