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Archives for February 2019
Facebook behave like ‘digital gangsters’ who spread fake news: British MPs
A scathing British parliamentary report on Monday branded Facebook “digital gangsters” who failed to fight the spread of fake news and violated data privacy. Lawmakers’ 18-month investigation into technology companies and disinformation also accused the world’s largest social media platform of trying to hide the extent of Russian interference in foreign elections. Facebook is coming […]
Karnataka transport dept halts Ola bike taxi
The transport department has written to app-based ridehailing service Ola to stop its bike taxi services immediately. The company has been running the services in Bengaluru on a pilot basis for a week. The strongly-worded letter comes days after Ola, TaxiForSure and Uber (OTU) Owners and Drivers Association petitioned the department to take action against […]
After Twitter, House panel may summon Facebook and WhatsApp
The parliamentary standing committee on information technology is expected to summon Facebook and WhatsApp as part of its discussions over safeguarding citizen rights on social media, people with direct knowledge of the matter said. They are likely to be called in March, as the panel first wants to complete its postponed meeting with Twitter, they […]
Infibeam Avenues will invest Rs 250 crore to enhance fintech play
India’s first listed e-commerce entity, Infibeam Avenues is doubling down on its fintech play with an investment of Rs 250 crore to build a backend blockchain enabled fintech platform catering to BFSIs, SMBs, and corporates. The move is in line with the company’s continued focus to divest its non-core businesses including consumer marketplace (B2C) and […]
Amazon looks to clean up rivals with private label Presto
Image Credit: Getty Amazon, which had quietly launched its own range of home-cleaning products under Presto! in India last year, has been significantly undercutting the prices of best-selling brands in the category such as Harpic, Lizol and Pril, to name a few. The drive to grow its private-label business in the FMCG category comes even […]
Your binge-watching habit is creating jobs
Two years ago, 25-year-old Animesh Panwar was fretting over how to cough up next month’s rent for the Andheri flat he shared with three others and even debating whether to return to Ajmer, the hometown he left two years earlier to make it big in the fickle world of entertainment. The work the aspiring director […]
Emails, hashed passwords of 18m Ixigo users stolen
User data of 18 million, largely email IDs and hashed passwords, were allegedly stolen from online travel aggregation platform Ixigo. This is part of a broader data steal that saw user information being leaked from seven other global sites, including home improvement website Houzz. Ixigo founder and CEO Aloke Bajpai told TOI the company will […]
Infosys offers digital courses for engineering students
Infosys has launched a digital learning platform, offering curated content targeted at engineering students in their third and fourth years. The idea is to create more industry-ready talent among fresh graduates. The InfyTQ (talent quotient) app, as it is called, was rolled out on Friday in Mysuru with 300 colleges participating in the event. Students […]
E-commerce companies may adapt to new FDI Rules: Doug DeVos
“Ecommerce marketplaces are just going to have to find some new ways to operate and adjust their business models,” said Amway Corp co-chairman Doug DeVos, referring to India’s revised guidelines on foreign direct investment (FDI) in the sector that took effect on February 1. “Ecommerce isn’t going to stop.” Online sales for the maker of […]