Telenor and Alphabet’s Google Cloud have formed a partnership to digitalise the Norwegian telecom company’s global operations and are exploring ways to jointly offer services to customers, the two companies said on Monday. The firms will not only use Google Cloud’s services to boost Telenor’s own IT and network, but also collaborate to provide Telenor’s
Internet
Traders’ body Confederation of All India Traders (CAIT) has demanded the Central Government and the Narcotics Control Bureau (NCB) take strict action against Amazon for the alleged sale of marijuana via its e-commerce site. Last week, the Madhya Pradesh Police claimed that it had busted a drug peddling gang that was moving more than 1,000
Indian electronics engineer Siddharth Pandey will become a millionaire after the country’s biggest ever public issue, but he says he had to overcome his father’s opposition to join fintech firm Paytm when it was a fledgling start-up nine years ago. About 350 current and ex-employees will each have a net worth of at least Rs.1 core
Spain’s second biggest beer maker Damm halted output at its main brewery outside Barcelona after a cyberattack hit its computer systems earlier this week, a spokesperson said on Friday. The attack hit the brewery on Tuesday night and for a few hours the plant in El Prat de Llobregat, which produces 7 million hectolitres of
New Zealand and Australia are set to face off today in the Twenty20 World Cup 2021 final cricket match taking place in Dubai. Australia had some big wins throughout the tournament, and it defeated Pakistan in the second semi-final to book a place in the final against New Zealand, who defeated England to reach the
Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic. Alibaba tallied CNY 540.3 billion ($84.5 billion) in spending over the festival that spanned November 1 to November 11, the company said Thursday, a growth of 14 percent compared to a nearly 93
Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion (roughly Rs. 37,223 croree) worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4 percent at $1,063.51 (roughly Rs. 79,100) after tumbling earlier in the week. Musk’s share
Tesla Chief Executive Officer Elon Musk disclosed a sale of additional 639,737 shares of the electric-car maker, regulatory filings showed on Friday, after offloading about $5 billion (roughly Rs. 37,211 crore) worth of stock following a poll of his followers on Twitter. Musk sold 587,638 shares held by his trust on November 11 in multiple
The UK Supreme Court has blocked a planned GBP 3.2 billion (roughly Rs. 31,929 crore) British class action against Google over allegations the internet giant unlawfully tracked the personal information of millions of iPhone users. Britain’s top judges unanimously granted a Google appeal against the country’s first such data privacy case on Wednesday, a move
Satya Siba Nayak, 15, uses a debit card to pay for YouTube Premium and Netflix, to download apps from Google Play, and to pay for things when he’s out with friends. Signing up for an app called FamPay enabled Nayak to have his own card for making offline and online payments. “My dad doesn’t live
Alphabet unit Google suffered a setback on Wednesday after Europe’s second-highest court dismissed its challenge to an EU antitrust ruling and EUR 2.42 billion (roughly Rs. 20,820 crore) fine in a major win for EU competition chief Margrethe Vestager. Vestager sanctioned the world’s most popular internet search engine in 2017 for favouring its own price-comparison
New Zealand film director Peter Jackson on Wednesday announced the sale of his Oscar-winning Weta Digital special effects business to a US software firm intent on using it to develop the virtual-reality “metaverse”. San Francisco-based Unity Software said the $1.6 billion (roughly Rs. 11,896 crore) acquisition would “shape the future of the metaverse”, an immersive
Representatives from EU countries have agreed that the European Commission will be the sole enforcer of new tech rules, with a limited role for national antitrust watchdogs instead of the wider powers sought for them, officials said on Monday. EU ministers will formally ratify the agreement on November 25 as part of the bloc’s common
Instagram is planning to add a subscriptions feature through which creators can earn money on the social media platform. With the rollout of creator subscriptions, users may have to pay to see Stories or access other content or media from creators on the Meta-owned (formerly known as Facebook) app. Instagram’s Apple App Store listing in
SoftBank slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion (roughly Rs. 74,081 crore) hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed. Even as the value of its assets slide, the Japanese tech conglomerate said
Google Drive is getting a new feature that will help users modify their search and locate files faster on the platform. Dubbed as Search Chips, the latest feature works similar to the Gmail search filters launched in September this year and allows users to quickly and easily filter search results on Google Drive. When searching
Amazon.com is seeking approval from US communications regulators to deploy more than 4,500 additional satellites as part of the company’s effort to deliver broadband Internet to areas around the world that lack high-speed service. Amazon had said previously it planned to spend at least $10 billion (roughly Rs. 74,200 crores) to build 3,236 such satellites
SolarWinds investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers’ systems. The lawsuit filed in Delaware on Thursday appears to be the first based on records shareholders demanded from the company
US knowledge-sharing website Quora has kicked off preparations for an initial public offering (IPO) in early 2022, according to people familiar with the matter. Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, the sources said. The Mountain View, California-based company was valued
Cybersecurity firm McAfee is nearing a deal to sell itself to US private equity firm Advent International for more than $10 billion (roughly Rs. 74,200 crores), the Wall Street Journal reported on Friday, citing people familiar with the matter. The deal could be announced on Monday, although the talks could still fall apart, the report
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