Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as venture capital firm Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor. The Series D financing follows a $54 million fundraising last year, taking the total capital raised by the company to […]
Archives for February 2019
Google extends chip-making efforts to design hub Bengaluru
Alphabet’s Google has hired more than a dozen microchip engineers in Bengaluru, India, in recent months and plans to rapidly add more, according to LinkedIn profiles, job postings and two industry executives, as the search firm expands its program to design the guts of its devices internally. The Bengaluru site, which has not been previously […]
Amazon told not to sell Modicare items
The Delhi High Court issued an interim order restraining Amazon Seller Services from selling products of Modicare after the Delhi-based direct selling company filed a case alleging that Amazon.in is illegally selling Modicare products on its platform, a source told ET. Modicare is owned by New Delhi businessman Samir Modi who is also the founder […]
House panel gives Twitter 15 days to present CEO Jack Dorsey
The parliamentary standing committee on information technology refused to meet representatives of Twitter India on Monday, insisting that CEO Jack Dorsey would have to appear before it in 15 days, said people with knowledge of the matter. If he isn’t available, the panel has insisted on the presence of a “senior” member of Twitter’s global […]
Twitter erupts as CEO Jack Dorsey skips parliamentary hearing
Social media users in India erupted with nationalistic rage after Twitter CEO Jack Dorsey defied a rare government summons to attend a Parliamentary hearing on safeguarding citizen rights on such platforms, even as some legal experts termed the entire brouhaha as a “political stunt.” The panel had summoned representatives of Twitter and the Ministry of […]
View: Grey areas in the ‘new’ FDI policy changes in ecommerce need clarification
By Pralok Gupta Ecommerce companies in India are having a troubled time, as the foreign direct investment (FDI) policy changes announced in December 2018 took effect from February 1. Though GoI considers these changes as a mere reiteration of earlier policy, the market reaction and analysis of these changes reveal that the new obligations on […]
Dell EMC: Open Networking’s Next Evolution Is SD-WAN
News Dell EMC: Open Networking’s Next Evolution Is SD-WAN By David Ramel 02/11/2019 Dell EMC is the latest networking vendor to point to SD-WAN as the future for the evolution of the open networking movement, which emphasizes disaggregated, modular, software-centric systems over closed, proprietary, hardware-based legacy implementations. While that transformative networking revolution — featuring acronym-laden […]
Marvel to make four animated superhero series for Hulu
Walt Disney’s Marvelsuperhero studio will produce four new adult-oriented animated series for the Hulu streaming service. The four series will center around the characters M.O.D.O.K., Hit-Monkey, Tigra & Dazzler and Howard The Duck, the statement said. The series will culminate with an animated special called “Marvel’s The Offenders” in which the characters team up to […]
Red Hat announces container flaw CVE-2019-5736
Red Hat announced a vulnerability this morning – one that can be exploited if a user runs malicious or modified containers. The flaw in runC (a lightweight portable container runtime) and Docker that this vulnerability exposes allows an attacker to escape a container and access the underlying file system. That might sound bad, but there’s […]
Managing Enterprise Security After the Data Supernova
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