For now, one can only speculate on what led Facebook to its decision, which seems to go well beyond the financials.
The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
'We take allegations of bias incredibly seriously, and want to make it clear that we denounce hate and bigotry in any form'
Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.
WhatsApp has stated that it does not intend to collect user data for advertising purposes.
It's a twist that is sure to have some telecom bosses in Barcelona gritting their teeth.
The National Stock Exchange (NSE) on Monday cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving investment advisories. In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology. Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Chauhan.
Mark Zuckerberg said the feature will be coming soon.
The crime branch of police, which is probing the case, had detained bodyguard Amarendra Mishra for questioning earlier in the day.
Facebook CEO Mark Zuckerberg has said steps taken by the social media giant have helped protect the integrity of more than 200 different elections around the world, including in India, and have also played an important role in stopping abuse ahead of US elections.
Nearly 80 domestic and international flights received bomb threats in less than 24 hours that later turned out to be hoaxes, keeping thousands of passengers and security agencies on tenterhooks.
The Bombay high court on Friday quashed the amended Information Technology rules aimed at identifying through a fact checking unit "fake and false" content against the government on social media platforms, holding it as unconstitutional.
Facebook has been working to boost its mobile technology as it focuses on growing revenue from its mobile advertising business.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
The fears arise from Facebook's handling of user data and potential privacy violations, more specifically the Cambridge Analytica scandal.
No violation of rules or regulations were found in the transfer of land by businessman Robert Vadra's Skylight Hospitality to realty major DLF, the Haryana government has told the Punjab and Haryana high court in Chandigarh.
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
Bengaluru-based InMobi and Microsoft combine their powers to break the stranglehold of Google and Facebook in the digital advertising space.
After the National Stock Exchange (NSE), rival bourse BSE on Thursday cautioned investors against deepfake videos of its MD and CEO Sundararaman Ramamurthy giving stock recommendations. In a statement, the exchange said it has noticed some fake, unauthorised and fraudulent videos and audios created through innovative and ingenious technology impersonating the BSE's top honcho are being circulated on social media recommending certain investments and advisory in stocks.
FB gave these companies access to information of users and even their friends.
Debashis Chatterjee speaks about the overall demand environment and company's strategy
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
Investment firm General Atlantic is expected to buy a 0.1 per cent stake in Facebook, an investment which will value the social networking site at $65 billion.
The Delhi high court has directed a Noida resident to remove her social media posts that alleged she found a centipede in a tub of Amul ice cream bought by her.
'Career paths are no longer linear as professionals look to build a more holistic career portfolio that is true to their professional and financial goals.'
'In Parliament, he was the one person who stood for democracy and secularism even when the principal Opposition party was not very forthright in taking on the BJP and RSS.'
The deal makes Facebook now worth more than companies like eBay, Yahoo and Time Warner.
Apart from digital advertising revenue, both companies want to reach out to the 'next billion' Indian customers. After all, around half of the 1.3 billion population is still not on the net and this represents a challenge as well as an opportunity.
After coming out of jail, Noronha would frequently say that he wouldn't "spare" Ghosalkar.
There was more interest in the social networking's stock that closed 2.3 per cent higher.
'Samsung declared they would not allow the presence of any trade union.' 'This is unacceptable as the rule of law in India permits employees to have a trade union.' 'So, the crux of the strike is this.'
However, the social media giant hasn't responded to as yet.
In its latest talent hiring move, social networking giant Facebook Inc is acquiring the team behind start-up firm Spool in an aim to beef-up its mobile business.
Being facilitated by iSpirt, deal likely to be announced in weeks
A summary of sports events and sports persons, who made news on Wednesday
Responding to Trump's tweet labelling the leading social network platform "anti-Trump", the Facebook CEO and founder said the social media platform had tried to be neutral in the US elections.
Investments totaling over $9.5 billion in Jio Platforms by a clutch of private equity firms, following social media giant Facebook's $5.7 billion mid-April investment in the company, helped overall.
The bid by Facebook highlights the company's efforts to accelerate its push into video as it tries to take advertising dollars from television and increase the time people spend on its platform.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
