India’s competition watchdog did not have any material on record to prove that ecommerce marketplaces Amazon and Flipkart entered into exclusive deals with smartphone manufacturers on their platforms, according to a detailed transcript of a court order. The Karnataka High Court had on Friday stayed the Competition Commission of India’s January 13 directive ordering a […]
Archives for February 2020
AICPA requests clarity on Sec. 465 reporting relief
The AICPA has requested that Treasury and the IRS issue a notice clarifying that relief on certain reporting under Sec. 465 will also apply to S corporations. On Dec. 9, 2019, Treasury and the IRS issued Notice 2019-66 to provide — among other relief — a delay in certain reporting under Sec. 465 at-risk activities […]
How one company is using Ubuntu Linux to make its IoT platform safer and faster
Engineers at Bosch Rexroth have chosen an open source way to power their app-based automation platform, citing better security and faster time to production. Ubuntu manufacturer Canonical has announced a partnership with Bosch Rexroth to put Ubuntu Core in its app-based ctrlX AUTOMATION platform. Ubuntu Core, which is designed for embedded environments and IoT devices, […]
AG Barr hits a key legal protection for Big Tech, says don’t entrust ‘profit-seeking private firms’ with public safety
Attorney General William Barr participates in a press conference at the Department of Justice on February 10, 2020 in Washington, DC. Sarah Silbiger | Getty Images Attorney General William Barr took aim Wednesday at a key legal protection for the tech industry, calling into question whether it is still needed as a small number of […]
ETMoney now lets users invest in NPS through its app
ETMoney has introduced an option to invest in National Pension Scheme (NPS) to help customers save on taxes and increase flow to the PFRDA controlled pension corpus.Through the feature, the fintech platform expects to double the NPS users across the country, a company spokesperson said. “India has one of the youngest working populations in the […]
Boeing finds debris in 737 MAX jetliners – company memo
SEATTLE (Reuters) – Boeing Co found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines, according to an internal memo seen by Reuters on Tuesday. Foreign object debris, an industrial term for rags, tools, metal shavings and […]
10 Analytics and AI Startups You Should Know About
These young companies are examples of how startups are helping enterprises harness the power of artificial intelligence and machine learning. 1 of 11 Every organization that reports on tech trends has artificial intelligence (AI) near the top of the list, and enterprises are rushing to capitalize on the benefits promised by the technology. They hope […]
Swiggy raises $113 million led by existing investor Naspers
Illustration: Rahul Awasthi Online food ordering platform Swiggy has raised $113 million, led by existing investor South African internet giant Naspers. The latest capital raising values the company at nearly $3.6 billion. The fund infusion is part of a larger $150 million funding round, sources said. Other existing investors, Hadley Harbour Master Investments and Chinese […]
Swiggy raises $113M led by Naspers, valuation stays flat at $3.3B
Illustration: Rahul Awasthi Food delivery platform Swiggy has raised $113 million led by South African internet giant Naspers, valuing it at nearly $3.3 billion. Other existing investors Hadley Harbour Master Investments and Meituan also participated in the round, regulatory filings show. About $100 million of the investment has come from Naspers, which holds over 40% […]
Harnessing Big Data: Can Our Laws and Policies Keep Up?
Public policies and commercial norms could constrain our ability to realize the full potential of big data. Image: Production Perig – stockadobe.com We are just at the beginning of the big data revolution. What was merely a prediction a few years ago is happening today. Not only are we creating data at exponential rates, we […]