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22Jan By AdityaNo Comments

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After India, WhatsApp Now Introduce forward 5 chats for users Globally to combat fake news

WhatsApp will now globally limit message 'forwards' to five chats at a time, a practice it had introduced in India in July last year to crack down on spread of rumours and fake news through its platform. In an update to its blog Monday, the Facebook-owned company said the move will help keep "WhatsApp focused on private messaging with close contacts". "WhatsApp carefully evaluated this test and listened to user feedback over a six-month period. The forward limit significantly reduced forwarded messages around the world," it said. It added that "starting today, all users on the latest versions of WhatsApp can now forward to only five chats at once...". The messaging platform which has about 1.5 billion users globally and counts India, Brazil and Indonesia among its major markets...

France Hits Google with 50 million euro Data consent fine

22Jan By AdityaNo Comments

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France Hits Google with 50 million euro Data consent fine

France's data watchdog announced a fine of 50 million euros (USD 57 million) for US search giant Google, using the EU's strict General Data Protection Regulation (GDPR) for the first time. Google was handed the record fine from the CNIL regulator for failing to provide transparent and easily accessible information on its data consent policies, a statement said. The CNIL said Google made it too difficult for users to understand and manage preferences on how their personal information is used, in particular with regards to targeted advertising. "People expect high standards of transparency and control from us. We're deeply committed to meeting those expectations and the consent requirements of the GDPR," a Google spokesperson said in a statement. "We're studying the decision to d...

Softbank Backed Online Grocery Platform Grofers Eyes Rs 200cr GMV in Sales

20Jan By AnkitaNo Comments

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Softbank Backed Online Grocery Platform Grofers Eyes Rs 200cr GMV in Sales

SoftBank-backed Indian based online grocery platform Grofers aims to clock gross merchandise value (GMV) of over Rs 200 crore during its ongoing Grand Orange Bag Days (GOBD) sale. The company, which is running GOBD from January 19-27, said it has already crossed GMV of Rs 60 crore on the first day of the sale. GMV is a term used in online retailing to indicate the gross merchandise value of the products sold through the platform over a certain period of time. "We will exceed Rs 200 crore in GMV during the GOBD. On day 1, our GMV was Rs 60 crore with 76 lakh units being sold," Grofers co-founder and CEO Albinder Dhindsa said. He added that the company has unveiled a new cashback scheme during the sale called 'Orange Cash'. "We wanted to reward consumers and drive repeat behav...

Salesforce Announces Salesforce Tower Dublin, Adding 1500 Jobs

19Jan By AnkitaNo Comments

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Salesforce Announces Salesforce Tower Dublin, Adding 1500 Jobs

Dublin, Ireland —Salesforce, the global leader in CRM announced its company Tower in Dublin to add 1,500 new local jobs over the next five years. The announcements were made with the Irish Prime Minister, where nearly 1,000 Salesforce employees were present to hear details of the new plans. Salesforce Tower Dublin will be an urban campus of four interconnected buildings located on North Wall Quay within Dublin’s vibrant Silicon Docks, overlooking the River Liffey. Salesforce employees are due to start moving into the 430,000 Sq ft campus in mid-2021. Salesforce Tower Dublin is being developed by Ronan Group Real Estate and Colony Capital. Salesforce has been named one of Ireland’s Best Places to Work for three years and the Best Workplace in Europe in 2018. Salesforce Tower Du...

19Jan By Press Trust of IndiaNo Comments

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Wipro Sees 31.8% Rise in Net Profit

IT services major Wipro Friday posted a 31.8 per cent increase in consolidated net profit at Rs 2,544.5 crore for October-December 2018 compared to the year-ago period. Wipro's board has also approved an issue of bonus shares offering one bonus share for every three held by shareholders. The net profit in the October-December 2017 quarter was at Rs 1,930.1 crore. The revenue from operations expanded 10.17 per cent to Rs 15,059.5 crore during the period under review from Rs 13,669 crore in the third quarter of FY 2017-18. "It is yet another quarter of solid execution. Our performance in both revenue and margins has been robust," Wipro CEO and executive director Abidali Z Neemuchwala told reporters here. In the constant currency terms, the IT services grew by 2.4 per cent which i...

Elon Musk’s SpaceX plans to lay off 10% of its over 6,000 employees

12Jan By Press Trust of IndiaNo Comments

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Elon Musk’s SpaceX plans to lay off 10% of its over 6,000 employees

SpaceX plans to lay off 10 per cent of its more than 6,000 employees, a source familiar with the decision said on Friday. "To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company," Elon Musk, said. "Either of these developments, even when attempted separately, have bankrupted other organizations," it added. "This means we must part ways with some talented and hardworking members of our team." It added that the trim down was "only due to the extraordinarily difficult challenges ahead."Citing an email sent to employees on Friday, the Los Angeles Times said the company was offering those affected a minimum of eight weeks' pay and other benefits, including career coaching and...

Facebook considered selling Users’ data for $250,000 in 2012: Report

12Jan By AdityaNo Comments

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Facebook considered selling Users’ data for $250,000 in 2012: Report

IANS: Facebook considered selling users' data to companies some years ago but later decided to act against it, the media reported. According to Arstechnica.com that viewed an unredacted court document, Facebook staff in 2012 considered charging companies at least $250,000 for "access to one of its primary troves of user data -- the Graph API". "In April 2014, Facebook changed the way the previously permissive Graph API works. "The social media giant restricted some data access and eliminated all access to the earlier version by June 2015," the report said on Friday. The Wall Street Journal also reported that "Facebook employees discussed pushing some advertisers to spend more in return for increased access to user information". A failure on Facebook's part to adequately reda...

Amazon CEO Jeff Bezos and wife MacKenzie to divorce

10Jan By reutersNo Comments

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Amazon CEO Jeff Bezos and wife MacKenzie to divorce

Amazon.com Inc founder and Chief Executive Jeff Bezos and his wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on Twitter on Wednesday. Jeff Bezos, 54, has a fortune that has soared as high as $160 billion thanks to his stake in Amazon, which again became Wall Street’s most valuable company this week, surpassing Microsoft Corp. Bezos has credited MacKenzie, 48, for her support when he uprooted the young couple to Seattle from New York to launch Amazon, an online bookseller that grew into the world’s largest internet retailer. MacKenzie Bezos, a Princeton graduate who is now a novelist, did accounting for Amazon for its first year after it was founded in 1994. The couple decided to divorce after a long period of “loving exploration” and trial separ...

World Bank President Jim Yong Kim announces his departure

9Jan By AdityaNo Comments

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World Bank President Jim Yong Kim announces his departure

Jim Yong Kim, the president of the World Bank, announced he is resigning at the end of January. Kim's unexpected departure three years before his term was set to expire is likely to set off a fierce battle between the Trump administration and other countries who have complained about the influence the United States exerts over the World Bank. In a letter to bank staff, Kim said that he has long believed that the key to bridging the gap between the massive financing needs of developing countries and the amount of support available was to work with the private sector. "I have therefore decided that it's time for me to take on new challenges and fully focus my efforts on leveraging private finance for the benefit of people around the work," Kim said in his note to staff. Kim's dep...

This Company close to become India’s first $100 bn Market Cap Company

7Jan By PriyankaNo Comments

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This Company close to become India’s first $100 bn Market Cap Company

Shares of Tata Consultancy Services (TCS) jumped 6.5 per cent last week after the company reported a 4.4 per cent rise in March quarter net profit and guided towards a better show in fiscal 2019. This has taken its market capitalisation (m-cap) to over Rs 6.50 lakh crore or around $98 billion.With this, the IT major emerges as the first Indian company with a market capitalisation of close to $100 billion. The stock, after making a positive opening, further soared 6.55 per cent to hit its 52-week high of Rs 3,399.90 on BSE. On NSE, shares of the company surged 6.54 per cent to its one-year high of Rs 3,399.90. The company's quarterly results were announced post market hours yesterday. The stock was the biggest gainer on both key indices, Sensex and Nifty. The firm's market valua...

FlixBus Adds VR on Routes to and from Las Vegas

31Dec By Gauri SinghNo Comments

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FlixBus Adds VR on Routes to and from Las Vegas

FlixBus, the low-cost tech-forward bus service out of Europe has reportedly added a VR experience to some long-distance routes to and from Las Vegas. The service launched in the US this year. For now, the FlixBus VR feature, which includes about 50 virtual reality games and travel experiences, is limited to routes from Tucson, Phoenix, Los Angeles and San Diego. And it will run for three months. Travelers who reserve a panoramic seat on these routes will get the VR experience for free. Once on board, passengers will receive VR headset loaded with content. The Pico Goblin 2 headsets are from Pico Interactive. Inflight VR provides the content and software updates of the VR platform. Inflight VR has experience with offering a platform to people who are traveling. The company alr...

Tesla Names Oracle co-founder Larry Ellison to Board

29Dec By Gauri SinghNo Comments

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Tesla Names Oracle co-founder Larry Ellison to Board

Tesla has reportedly named Oracle co-founder Larry Ellison who is a shareholder and close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators. The move is meant to usher Tesla past months of turbulence following Musk's Aug. 7 tweet that he was considering taking the company private and had secured funding. The fallout, which included the U.S. Securities and Exchange Commission subsequently filing fraud charges against Musk for what it said were his "false and misleading" tweets, led some investors to call for stronger board oversight of Musk. The inclusion of Ellison puts one of the world's richest people with experience building a startup into a successful company on Tesla's board. H...