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You are here: Home / 2020 / Archives for January 2020

Archives for January 2020

IBM CEO Ginni Rometty steps down

January 31, 2020 by cbn Leave a Comment

IBM CEO Ginni Rometty steps down

IBM has promoted Arvind Krishna to CEO after Ginni Rometty announced she was stepping down from the role and will retire at the end of the year.  The change marks the end of a 39-year career for Rometty, eight of which were at the top as its CEO. She will stay on as executive chairman […]

Filed Under: CLOUD

Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%

January 31, 2020 by cbn Leave a Comment

Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%

Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years. Shares soared as much as 13% in after-hours trade, putting the online retailer back in the $1 trillion (761 […]

Filed Under: Uncategorized

Tax social media giants, ecommerce firms: SJM

January 31, 2020 by cbn Leave a Comment

Tax social media giants, ecommerce firms: SJM

The Swadeshi Jagran Manch (SJM) has strongly recommended that the Centre bring foreign-run social media giants, ecommerce companies, giant foreign software companies and large taxi and travel aggregators under the tax net in the upcoming Budget, to meet its revenue shortfall. SJM is an influential RSS affiliate whose imprint is increasingly found on a number […]

Filed Under: Uncategorized

Facebook to pay $550 million in biometric privacy accord

January 31, 2020 by cbn Leave a Comment

Facebook to pay $550 million in biometric privacy accord

Facebook will pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in US history, according to a statement on Wednesday by lawyers for consumers. The accord, which requires a judge’s approval, will avert a trial that may have exposed the social networking company […]

Filed Under: Uncategorized

Flipkart scouts for land to develop campus to house all its businesses

January 31, 2020 by cbn Leave a Comment

Flipkart scouts for land to develop campus to house all its businesses

Walmart-owned Flipkart is looking for a new address. India’s largest online retail platform is scouting for land to develop a campus that will house all its businesses, according to realtors and industry officials. The project is expected to cost Rs 1,500 crore. One of Bengaluru’s oldest realtors said he was given a brief by Flipkart […]

Filed Under: Uncategorized

Govt to bundle over 4,000 free movies with internet to attract first time users

January 31, 2020 by cbn Leave a Comment

Govt to bundle over 4,000 free movies with internet to attract first time users

Common service centres (CSCs), or digital kiosks, are planning to offer consumers in remote areas access to a catalogue of over 4,000 movies and other entertainment content, in a bid to attract first-time internet users in far-flung areas. According to a top official, CSCs have been given the mandate to offer last-mile internet connectivity through […]

Filed Under: Uncategorized

Facebook takes down account of Jamia shooter

January 31, 2020 by cbn Leave a Comment

Facebook takes down account of Jamia shooter

Facebook took down the account of ‘Rambhakt’ Gopal, a man accused of shooting a student of Jamia Millia Islamia University in Delhi on Thursday, saying the social network has no place for violence. A Facebook page in the assumed name of the man featured a livestream video of him advancing towards the university, where protests […]

Filed Under: Uncategorized

Edge Computing Frameworks Abound — with None Yet Dominant

January 30, 2020 by cbn Leave a Comment

Edge Computing Frameworks Abound — with None Yet Dominant

The edge will benefit from the developing frameworks — once the market coalesces around a leading framework. — IoT World Today Edge computing architecture has become central to a variety of computing tasks. Edge provides lower latency and enables data-rich experiences, but at the same time, edge interoperability and standardization are key issues. To date, […]

Filed Under: BIG Data & Analytics

Mastercard’s fintech bet pays off with higher card spending

January 30, 2020 by cbn Leave a Comment

Mastercard’s fintech bet pays off with higher card spending

By Jenny Surane Mastercard’s new initiative to team up with more startups on credit cards is beginning to pay off. The company has been initiating card programs for fintechs including Brex, Revolut Technologies and TransferWise, and has unveiled programs designed to make it easier for startups to join Mastercard’s network. That helped boost customers’ spending […]

Filed Under: Uncategorized

Push for MSMEs to join ecomm exports

January 30, 2020 by cbn Leave a Comment

Push for MSMEs to join ecomm exports

The government is in talks with ecommerce firms to help sell goods produced by small enterprises in remote parts of the country around the world via online marketplaces, and to identify district-wise products that can be promoted globally, amid sagging exports. “The idea is to increase overall exports, especially of small enterprises which are located […]

Filed Under: Uncategorized

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