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India’s market regulator on Monday fined Reliance Industries and two of its compliance officers for violating fair disclosure norms during Facebook’s $5.7 billion (nearly Rs. 44,400 crore) investment in its digital unit in 2020. In April 2020, Meta‘s Facebook invested $5.7 billion in Reliance‘s Jio, aiming to allow WhatsApp to offer payments services to millions
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Researchers at the Indian Institute of Technology (IIT), Jodhpur, have indigenously developed a metal 3D printer for aerospace, defence and general engineering applications. According to officials, all the components of the metal 3D printer, except the laser and robot systems, are designed and manufactured in India. The project’s main objective is to reduce the cost
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An international study conducted as part of the first global assessment of all terrestrial vertebrate species yet to be declared extinct, has identified more than 500 species that have been considered “lost”. Species that have not been observed by anyone in more than 50 years are considered lost, and the list includes amphibians, reptiles, birds, and mammals.
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Feb.13 — The $800 billion grocery industry is keeping a sharp eye on a strip mall in the Woodland Hills neighborhood of Los Angeles. There, sandwiched between a nail salon and a bank branch, Amazon.com Inc. is working on the first in a new chain of grocery stores set to open this year. Bloomberg’s Brad Stone has more on “Bloomberg Markets: The
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Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, U.S., on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago in
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A new government order restrict employees from using third-party, non-government cloud platforms including Google Drive and Dropbox as well as virtual private network (VPN) services including NordVPN and ExpressVPN. The order passed by the National Informatics Centre (NIC) has been circulated to all ministries and departments and all government employees are required to comply with
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The European Union risks falling behind its Digital Decade goals by 10 years unless the governments focus on bridging the skills gap, according to a report by strategic consultancy Public First. Last year the European Commission presented a 2030 vision that aims to transform the region with 80 percent of the population acquiring basic digital skills,
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A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a “distraction and embarrassment” in an internal letter to executives. Musk, also head of electric automaker Tesla, has been in headlines and late-night comedy monologues in recent months for a tumultuous quest to buy social media giant Twitter, a reported allegation
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