Gawker Media has paid Dr. Shiva Ayyadurai a $750,000 settlement payment and later this month will permanently remove its libelous article about him, which denied Dr. Ayyadurai’s invention of email. Victory over Gawker Media “This is a historic victory for truth,” declared Dr. Ayyadurai. “Americans have no tolerance for fake news, lies or cyberbullying. A […]
President elect Donald Trump is pro-business and anti-red tape. But what if your business is red tape? Companies whose technology helps banks and investors cope with the welter of post financial crisis regulations and avoid increasingly hefty fines – a sector known as “regtech” – are sanguine about Trump’s pledge to dismantle some of those […]
The BBC Worldwide Service today said its plan to launch services in 11 new languages, four of them Indian – Marathi, Telugu, Gujarati and Punjabi – was progressing well and they would be operational by mid-2017. The services in the four Indian languages, which will focus on radio, mobile and video content, will create 157 […]
It seems Jeff Bezos led American e-tailer Amazon launched full fledged e-commerce war against India’s leading e-commerce firm Flipkart. According to latest information Amaon has invested Rs 2,010 crore into Amazon.in. The total investments in Amazon Seller Services to Rs 7,000 crore in the past 12 months, according to regulatory filings. The latest investment strategy […]
Months after selling its stake in China, Uber CEO Travis Kalanick today said it sold its stake to rival Didi since the “battle in China became global”, prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India. “The battle in China had become global. We had sovereign […]
After Rajasthan, Airtel Payments Bank has now rolled out pilot services in Andhra Pradesh and Telangana. “In Andhra Pradesh and Telangana, Airtel Payments Bank is rolling out pilot services across 8,000 Airtel retail outlets in Andhra Pradesh and 7,000 outlets in Telangana, which also acts as banking points,” it said in a statement. This follows […]
Positive on India’s prospects, Japan’s SoftBank today pledged that it will “surpass” the stated commitment of investing USD 10 billion in the country as it ramps up investments in solar power generation and Internet-led businesses. “We have already invested USD 2 billion in last few years… we will surpass my commitment of investing USD 10 […]
TeamIndus has inked a commercial launch contract with the Indian Space Research Organisation (ISRO) for its mission to land a spacecraft on the moon as it attempts to win the USD 25 million Google Lunar XPRIZE. TeamIndus is the only Indian team competing for the Google Lunar XPRIZE that requires privately funded teams to land […]
Months after it received flak for allegedly violating net neutrality with Free Basics, social networking giant Facebook is now testing a new model for public Wi-Fi deployments for offering quality internet access in rural parts of the country. According to Facebook’s Internet.org page, the company’s “Express Wifi” is live in India and it is “working […]
Payments Bank said over 10,000 customers have opened savings accounts with it within two days of going live with a pilot project in Rajasthan. Majority of these accounts have been opened by customers in semi-urban and rural areas, underlining the potential for growth of banking services in such areas, Airtel Payments Bank said in a […]
Razorpay, an online payments platform, announced today that it is waiving off all service charges on Debit Card transactions for all of its 10,000+ merchants, from 12 PM on Nov 24 till December 31, 2016. This move is aimed at helping businesses affected by demonetization and encourage users to transact online. While some banks are […]
German automaker BMW and Chinese internet giant Baidu will end their joint research on self-driving cars, executives for the two firms said on Friday, with Baidu now searching for new global research partners. Wang Jing, the head of autonomous car development at Baidu, told Reuters the company was now using cars from Ford’s Lincoln in […]