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 […]
Archives for January 2020
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]