Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters Factories in China, the center of the electronics industry’s supply chain, have been closed for an extended Lunar New Year holiday and the outbreak of the […]
Archives for February 2020
China blocks Foxconn plan to restart factories over virus worries – Nikkei
(Reuters) – Chinese authorities have blocked a plan by Apple supplier Foxconn to resume production in China from Monday, the Nikkei business daily reported on Saturday, amid concerns about the spread of the new coronavirus. Public health experts carried out inspections at Foxconn’s factories in the southern city of Shenzhen and told the company that […]
Amazon invests Rs 2,500 crore in marketplace and data centre units
Amazon has made fresh investments of a little over Rs 2,500 crore into its e-commerce marketplace and data centre businesses in India, documents filed with the Registrar of Companies showed. The investment follows a Rs1,715 crore infusion into Amazon’s payments and wholesale arms last month. Amazon Seller Services, the company’s marketplace unit, received a cash […]
Rare online revolt in China over death of virus whistleblower
They posted videos of the Les Miserables song, “Do You Hear the People Sing”. They invoked article No. 35 of China’s Constitution, which stipulates freedom of speech. They tweeted a phrase from the poem “For Whom the Bell Tolls”. The Chinese public have staged what amounts to an online revolt after the death of a […]
Top talent leaving Flipkart in search of greener pastures
Nishant Verman and Anurag Verma join the list of senior exits at Walmart-owned Flipkart in the past six months. Verman was vice president and Verma was senior director. Kirti Varun Avasarala, Vikash Jalan and Samrat Dogra, all of whom were directors, have also quit. At Flipkart-run Myntra, Bindu Mendosa has stepped down as senior vice […]
Uber loses $1.1 billion investing in food delivery, driverless cars
Uber continued to lose money as it builds up its food delivery business and develops technology for driverless cars, but revenue for its rides business nearly tripled as the company picked up more passengers around the world. The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same […]
Google Maps turns 15, with new logo; Sundar Pichai thanks app for sourcing ‘veggie burrito’!
Out of all GPS trackers at our disposal, Google Maps, is perhaps not only the most commonly used but also the most reliable. Be it a visit to a nearby supermarket or a full-fledged road trip, Google Maps is that reliable friend that never leaves our side. To mark the momentous occasion of the 15th […]
WhatsApp gets NPCI nod to expand its UPI services
Facebook-owned instant messaging platform WhatsApp has received permission from the National Payments Corporation of India to expand its pilot United Payment Interface (UPI) services to 10 million users, according to Nandan Nilekani, the architect of unique identity database Aadhaar and UPI. Nikelani was speaking at an IIT Industry Conclave event on Friday. WhatsApp’s payment feature, […]
Over 4.5L card records from India uploaded on Darknet
A database containing more than 450,000 payment card details of Indian banks has been uploaded on to the darknet, Singapore-based cybersecurity company Group-IB has revealed. The entire database has 461,976 payment card records, of which 98% belong to large Indian banks, the firm said, and was uploaded on to card shop website Joker’s Stash, used […]
Critical Citrix RCE Flaw Still Threatens 1,000s of Corporate LANs
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