Government wants to pay for data, but companies not buying idea
Official says acquisition details of non-personal, anonymous data will be made public; cos raise privacy, IPR concerns. Currently, a separate committee, set up to suggest a framework around non-personal data and led by Infosys co-founder S. (Kris) Gopalakrishnan, is due to lay out terms for sharing of non-personal data between companies.
Amazon doing extremely well in India: Jeff Bezos
Amazon founder and CEO, Jeff Bezos, committed investment worth $5 billion in the Indian mark...
Amazon India halts ‘search-seeding’, denies deploying tools favouring merchant listings
The step comes at a time when e-tailers are facing ri...
Nasdaq caps a $7 trillion decade with its best rally In 10 years
Tech stocks have been able to rally to records even as they were beset by bad news.
US tech giants turn to India for new apps before world release
RBC Capital Markets’ Mark Mahaney said India is now more popular than markets like China because it has the same growth dynamics but with fewer regulations.
Searching for “petrol pumps near me?" Get fuel delivered at your doorstep instead
An acute lack of demand and supply gap in diesel delivery in the country made IIT grads Ashish Gupta and Nabin Roy conjure up a solution to make refuelling smarter and more accessible. Backed by Y Combinator, MyPetrolPump is doing brisk business.
JPMorgan weighs shifting thousands of jobs out of New York area
Despite more than two centuries of history in the city, JPMorgan is quietly shrinking its staff. JPMorgan has already made plans to move hundreds of New York-based credit-risk jobs to Texas and to station some senior-level employees there.
Amazon and Walmart face the ire of 70 million Indian shopkeepers
Shopkeepers are mobilising against the e-comm giants, alleging they are engaged in predatory pricing.
Ex-Google chip guru takes novel approach to AI at Groq
Away from the limelight, the three-year-old startup is trying to upend the semiconductor industry dogma by designing radical chips focused on AI.
Digital companies scramble to save on tax as India tightens data laws
The fear for companies such as Google, Facebook, Netflix, Amazon and LinkedIn is that if the servers sit in India, it would be seen as a PE and will attract higher tax. Some are also exploring another route for tax saving. They may consider creating a separate company that would own servers and the main entity would only pay “rent” for using it.
Qualcomm working with Jio, Flipkart, Amazon to develop 5G use cases for India
Qualcomm’s plans to be a 5G ecosystem enabler in India and participate in the development of country-specific 5G use cases comes at a time when sections in the government and also among India’s older telcos have often maintained that globally popular 5G use cases such as automated cars to robotics surgery won’t work in the India context.
20 Questions for 2020: Drone delivery gets Government nod?
There are several issues under the scanner — safety, security, privacy, a separate drone corridor, droneports, and maybe a special directorate within DGCA.
CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart
The Confederation of All India Traders (CAIT) wrote to the finance minister alleging that e-commerce companies, including Amazon and Flipkart, were selling various products on their platforms at a price much lower than fair market value. It also said that their act is in utter disregard of the provisions of FDI policy and causing tax loss.
Amazon.com nears deal for up to 10% of Future Retail
India’s No. 2 retailer by turnover, Future is seeking a valuation of about $281 mn from Amazon for 10% stake.
Future Retail promoters repay Rs 1,500 crore debt, reduce pledge
Future Coupons, one of the promoter entities, plans to convert its 39.6 million warrants into equity of Future Retail by April, which will be the equivalent of a 7.3% stake in the flagship company. Amazon agreed to acquire a 49% stake in Future Coupons, with an option to buy the entire stake later.
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