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Archives for February 2020
PhonePe receives Rs427 crore from its Singapore parent
Walmart-owned Flipkart’s digital payments arm PhonePe has received a Rs 427 crore (about $60 million) cash infusion from its Singapore-based parent, regulatory filings show. This is the third such capital infusion into the loss-making digital payments company in the ongoing fiscal year, with investments totalling Rs 1,710 crore (around $240 million). PhonePe Private Ltd, Singapore, […]
Salesforce co-chief Keith Block steps down
The joint-Salesforce CEO Keith Block has stepped down from his leadership role after just 18 months in-post, leaving founder Marc Benioff as the sole CEO of the software company. Block’s resignation has come as a surprise, given the former Oracle VP has come on leaps and bounds since joining Salesforce in 2013, and was widely considered […]
It’s Karma: Once struggling startup unlocks fintech riches
By Tom Metcalf and Julie Verhage Ken Lin co-founded Credit Karma Inc. in 2007 after struggling to find out his own credit score. That’s something he probably won’t need in the future. Intuit Inc. — the software giant behind TurboTax — said Monday it’s buying Credit Karma for about $7.1 billion in cash and stock. […]
AI, ML Keys to Driving an Even More Diverse Workplace
But CIOs and IT leaders must also establish an open communication channel to discuss disabilities and accessibility awareness to help reinforce a culture of inclusion. The future is fully accessible. That’s the word from Gartner, at least, and it’s exciting news for those with disabilities and those enterprises eager to onboard diverse teams. According to […]
Firefox activates DNS over HTTPS for US users by default
Mozilla has begun the rollout of encrypted DNS over HTTPS (DoH) by default for all its US-based Firefox users after working for years to upgrade the Domain Name System (DNS) protocol. Over the next few weeks, Firefox users will be able to use the DoH protocol by default while surfing the web, meaning their web […]
How to fight scripting attacks
Most phishing campaigns use links to malicious scripts that infect users’ devices. Here’s how to spot and prevent them from doing damage.
Start-up support and plenty of new partner moves aim to make IoT work
In his latest ecosystem column, Antony Savvas charts a blockbuster first couple months of the year, involving both new companies and well-established ones. Internet of Things (IoT) network provider, Sigfox has launched the second edition of its Hacking House event in Paris. For six months, participants from seven different countries will bring IoT-based projects to […]
Walmart to turn some stores into Flipkart warehouses
US-based retailer Walmart has set in motion plans to convert some of its two dozen wholesale stores into fulfilment centres for homegrown ecommerce firm Flipkart, which it owns, as part of a restructuring process of its cash-and-carry business, multiple people familiar with the development said. “Out of the 28 stores, six will be converted into […]
Hope country remains a progressive democracy: Microsoft’s Satya Nadella
Terming himself as an “India optimist”, Microsoft chief executive Satya Nadella said he hoped the country of his birth continued to be a “progressive democracy“. In an exclusive interview with ET, the 52-year-old leader of the world’s third-most valuable company said it is the people and governments that decide on policies such as immigration and […]