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Microsoft Prohibited its employees from using Slack, AWS

25Jun By AnkitaNo Comments

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Microsoft Prohibited its employees from using Slack, AWS

SAN FRANCISCO: Satya Nadella led Microsoft banned its employees from using instant messaging platform Slack due to security concerns. As per the report, Microsoft released a list of prohibited software and services including Amazon Web Services (AWS) and Google Docs inside the company. As per the company, "Slack Free, Slack Standard, and Slack Plus versions do not provide required controls to properly protect Microsoft Intellectual Property (IP)" and hence it advises that staff should use its internally developed software instead. "Existing users of these solutions should migrate chat history and files related to Microsoft business to Microsoft Teams, which offers the same features and integrated Office 365 apps, calling and meeting functionality. "Slack Enterprise Grid versio...

Not IPO, driving e-commerce growth in India is Prime Focus: Flipkart

24Jun By AdityaNo Comments

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Not IPO, driving e-commerce growth in India is Prime Focus: Flipkart

An initial public offering (IPO) is a long-term strategy, but our prime focus is getting 200-300 million new Indians into the e-commerce space, said India's leading e-commerce portal Flipkart (owned by Walmart). The statement comes amid reports that Flipkart is looking at tapping into the US share market by 2022. "An IPO has always been part of Flipkart's ambitions and long-term strategy but right now, we don't have a time frame on that. Flipkart is currently focused on driving the growth of e-commerce in India to get 200-300 million new customers into e-commerce fold," a Flipkart spokesperson said in an e-mailed statement. Walmart Inc in May last year had announced that it is buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore), its biggest deal which...

Walmart Pleads Guilty, Agreed to pay $282 million over corruption charges

21Jun By NitishNo Comments

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Walmart Pleads Guilty, Agreed to pay $282 million over corruption charges

Walmart agreed to pay $282 million to settle federal allegations of overseas corruption, including funneling more than $500,000 to an intermediary in Brazil. U.S. authorities went after Walmart under the Foreign Corrupt Practices Act, which prohibits American companies operating abroad from using bribery and other illegal methods. The nation's biggest store chain settled both civil charges brought by the Securities and Exchange Commission and a criminal case built by federal prosecutors in Virginia. It said the two settlements close the books on federal investigations that stretch back to 2012 and have collectively cost the company more than $900 million. "We're pleased to resolve this matter," said Walmart President and CEO Doug McMillon in a statement. "Walmart is committed to d...

19Jun By PriyankaNo Comments

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Snapdeal unlikely to acquire ShopClues

The acquisition of ShopClues by larger rival Snapdeal is unlikely to materialize, sources told to Pixr8 News. The two players were in talks for the acquisition in an all-stock deal. The companies have engaged in such discussions in the past as well, but this is the first time that it has made it to the due diligence phase. According to sources, close to the development, there are concerns regarding some of the findings emerging from the due diligence conducted by an advisory firm, Ernst & Young. When contacted, a Snapdeal spokesperson declined to comment on the status of the discussions with ShopClues or the findings of the due diligence report, citing confidentiality protocols. ShopClues too declined to comment on the matter. One of the persons said, fall in the number ...

Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People

18Jun By AdityaNo Comments

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Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People

Facebook entered into the world of cryptocurrency with its own digital money "Libra" designed to let people save, send or spend money as easily as firing off text messages. Facebook and some two dozen partners from US and Uk released a prototype of Libra as an open source code to be used by developers interested in weaving it into apps, services or businesses ahead of a rollout as global digital money next year. A Geneva-based nonprofit association will monitor the Libra, maintaining a real-world asset reserve to keep its value stable. The initiative has the potential to allow more than 1.7 billion "unbanked" people around the world access to online commerce and financial services, said Libra Association head of policy and communications Dante Disparte."We believe if you give peop...

Facebook New cryptocurrency Libra backed by Visa, Mastercard, PayPal and Uber

18Jun By AnkitaNo Comments

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Facebook New cryptocurrency Libra backed by Visa, Mastercard, PayPal and Uber

California, 18th June 2019: Facebook will unveil its cryptocurrency "Libra" in a bid to bring cryptocurrency payments into the mainstream with the backing of big tech companies. The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin. Facebook is setting up a consortium called "Libra" which backed by more than a dozen companies including Visa, Mastercard, PayPal, and Uber. The companies along with venture capitalists and telecommunications firms will reportedly invest around $10 million each into the consortium. Facebook has been trying to ward off hostile regulatory scrutiny after a series of privacy abuses and the spread of fak...

Mobikwik Looking to Raise more funds before IPO

17Jun By AnkitaNo Comments

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Mobikwik Looking to Raise more funds before IPO

Mumbai: Digital payment app Mobikwik is looking to onboard an investor who will help it go public in the next three years, a top official has said. The 2009-incorporated company is planning to report its first quarterly profit in March and will be profitable from a full year perspective from FY21. "We are looking for an investor who will help the company go for an initial public offering (IPO) in three years," co-founder and chief executive Bipin Preet Singh said. Singh said he is in talks with multiple players but refused to share more details including to specify whether it will be a strategic or a financial investor. Mobikwik already has Sequoia Capital, Bajaj Finance and South African firm Net 1 UEPS Technologies among its investors. The company, whose competitors includ...

13Jun By PriyankaNo Comments

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To Revolutionize Indian Online Media Forum NBB launched its platform

New Delhi, May 13th, 2019: A conception addressing pain points of the growing brands and providing them a platform to showcase their individuality and USP, Next Big Brand (NBB) by serial entrepreneur and social influencer, Abhishek Kumar Gupta is in the market to change the dynamics of India’s long sought brand culture. NBB (Next Big Brand) is a Brand Centric Media company that keeps you updated with the recent updates, news, know how’s and know what's of brands both local and global. In a universe of brands, NBB is the correct storyteller, you can count on. It envisions to make brand-centric news and updates globally accessible while creating an avenue with 360-degree solutions for brands, create synergy among the people and industry folks. A platform that can nurture and help brands ...

11Jun By AnkitaNo Comments

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Amazon beat Apple & Google as the most valuable brand

In the latest survey, Amazon beat Apple and Google to become the world's most valuable brand in the world. The brand value of Amazon surged by 52 percent to $315 billion, global market research agency Kantar said in its 2019 100 Top BrandZ report. Amazon jumped from third to first place to eclipse Google which slid from first to third place with Apple holding on to the second spot. The Seattle-based retail behemoth, founded by Jeff Bezos in his garage in 1994, topped the table thanks to key acquisitions, superior customer services and a disruptive business model, Kantar said in a statement. "Amazon's smart acquisitions, that have led to new revenue streams, excellent customer service provision and its ability to stay ahead of its competitors by offering a diverse ecosystem of ...

Uber Chief tightening his grip in the Ride Sharing Firm

8Jun By PriyankaNo Comments

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Uber Chief tightening his grip in the Ride Sharing Firm

Uber chief Dara Khosrowshahi tightening his grip in the ride-sharing firm in the wake of a bumpy stock market debut. The company's chief operating officer and head of marketing will leave in a leadership shake-up that will result in Uber's shared rides and food delivery platforms reporting directly to Uber chief, according to a mail provided to Pixr8 News. Khosrowshahi credited the maturing of operations at the San Francisco-based company and the completion of its initial public offering last month with enabling him to make the management moves. "I now have the ability to be even more involved in the day-to-day operations of our biggest businesses, the core platform of Rides and Eats, and have decided they should report directly to me," Khosrowshahi said in his message to employe...

Indian Billionaire & Wipro founder Azim Premji Set to retire

7Jun By PriyankaNo Comments

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Indian Billionaire & Wipro founder Azim Premji Set to retire

Indian billionaire and Wipro Ltd founder Azim Premji, who turned a small maker of vegetable oil into a USD 8.5 billion software behemoth, will retire as the company head by July-end and hand over reins of the firm to his son, Rishad. Premji, who turns 74 next month, will retire as executive chairman upon the completion of his current term on July 30, 2019, after having led the company for 53 years, Wipro said in a statement. Rishad Azim Hasham Premji is Wipro's Chief Strategy Officer since May 2015 and has been on the company board since 2018. A BA in Economics from Wesleyan University in US and an MBA degree holder from Harvard Business School, he is also Chairman of National Association of Software and Services Companies (NASSCOM). Wipro board also announced that chief executive...

Instagram rolls out new less data consumption feature

5Jun By PriyankaNo Comments

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Instagram rolls out new less data consumption feature

Facebook led social media platform Instagram opt a new feature that will allow users to reduce the amount of data consumed on the photo-sharing platform. The feature has been designed specifically for emerging markets where data plans and internet speeds may be limited, Instagram said in a statement."With this opt-in mode, people across the world can view their favourite content on Instagram with reduced image loading time, by reducing the amount of data that Instagram uses on their mobile phones," it added. While the Facebook-owned company doesn't disclose country-specific user count, reports suggest globally, it has over a billion users. Once enabled, videos will not be pre-loaded and high-resolution images will not be downloaded, except in certain circumstances that the user ch...