'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
E-commerce giant Amazon has refused to appear before the Joint Committee of Parliament on the Data Protection Bill on October 28 and this amounts to breach of privilege, panel chairperson and BJP MP Meenakshi Lekhi said on Friday.
Mark Zuckerberg's pledge on Tuesday to give away most of his Facebook shares, a roughly $45 billion fortune, helps cement his role as one of Silicon Valley's most generous donors.
Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.
After record fund raising, Reliance Industries now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and oil-to-chemicals, according to the firm's chairman and managing director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- the unit that houses its telecom and digital business -- and retail arm for almost Rs 2 lakh crore and raised another Rs 53,124 crore through rights issue.
In a document submitted by Jacob's lawyer to Mumbai police, she claimed that the "toolkit" was being prepared by Extinction Rebellion India volunteers for presenting the whole picture with a simple breakdown for an international audience.
There is a kind of audacious large-scale experimentation which is admirable, even if the novelty and potential of the idea are not fully realised, notes Deepa Gahlot.
A Mumbai lawyer and a Beed engineer joined arrested climate activist Disha Ravi in creating a protest toolkit backing the farmers' agitation with the aim of 'tarnishing the image of India' and collaborated with pro-Khalistani elements, Delhi Police officials said on Monday.
While the government's recent moves may have been necessary in some cases, these would have an adverse impact on the investment cycles of some of these companies. The marquee global names are suddenly finding themselves out of favour as local flavour is gaining currency in the run up to 2019 elections.
'Kalnirnay is like a bible for any family.'
'The digital trust level has drastically gone up due to Covid, not only in tier-I and II cities, but also in tier-III, IV and V geographies,'
'Polish girls, who try to dance to Bollywood songs after having a little bit of wine, are quite funny to watch!' Erika Kaar gets ready for her Bollywood debut, Shivaay.
China on Friday announced plans to permit the return of 'some' Indian students stranded in India for over two years following the visa and flight restrictions imposed by Beijing due to the COVID-19 pandemic.
Amid a tussle between the Union government and Twitter over the new IT rules, officials of the microblogging site on Friday deposed before a parliamentary panel chaired by Congress's Shashi Tharoor over preventing misuse of social media.
Pichai will visit India accompanied by the heads of various Google business units
'If Facebook were a country, it would be the third most populous one and the most connected.'
The Cellular Operators Association of India (COAI) has bluntly told the government there is no reason for its members to roll out 5G networks as they will be unviable if 'captive private wireless networks' are allowed to be run by enterprises. The COAI, which has Bharti Airtel, Reliance Jio and Vodafone Idea as its key members, has written to Communications Minister Ashwini Vaishnaw saying there is 'no business case for the roll out of 5G networks'. Permitting such captive networks will 'diminish the revenue so much that there will be no viable business case left for the telecom service providers and there will not remain any need for 5G network roll out by telecom service providers (TSPs)'.
The Delhi Police will investigate the role of a woman based in the United Kingdom after its probe revealed that she, along with lawyer Nikita Jacob and engineer Shantanu Muluk, allegedly drafted the content of a 'twitter storm' campaign in February in support of the ongoing farmer agitation, officials said on Wednesday.
There are, as its name suggests, 12 handis to choose from. Each time you eat this delightful, non-vegetarian mix and match, its bountiful flavours amazingly erupt inside your mouth!
India is struggling with a second wave of the pandemic with more than 3,00,000 daily new coronavirus cases being reported in the past few days, and hospitals in several states are reeling under a shortage of medical oxygen and beds.
Students made online music education possible during COVID-19, say teachers, and they will determine its future.
Part of landing your dream job involves knowing the ins and outs of that particular job.
It was business as usual for agitating farmers at Singhu border on Wednesday as some were busy with langars while others listened to speeches of their leaders even as talks of the tractor rally that witnessed vandalism and violence a day before filled the air.
'He made me feel like a crorepati even without sitting in the hot seat.'
Since you can't step out, virtual sessions held by fitness experts have come to the rescue.
Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market -- City e:HEV sedan, marking its foray into the mainstream strong hybrid electric vehicle segment in the country. The company, which is present in India through a wholly-owned subsidiary, has commenced the bookings of the model and plans to introduce it in the market next month. As per the company, the model, an extension of its City model range, would feature self-charging two-motor strong hybrid system connected to a 1.5 litre petrol engine, entailing a peak power of 126 PS and fuel efficiency of 26.5 km per litre.
How robots may eradicate manual scavenging in India.
Rajesh Karkera journeys in monsoon rains and through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
GSTN CEO Prakash Kumar tells Sudipto Dey how IT can improve service delivery of government departments.
As Prime Minister Narendra Modi arrived in New York on Friday on a five-day US visit, he was greeted with 'Har Har Modi' slogan.
Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees. "This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter," said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. "Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months.
Social media giant Facebook is planning to rebrand the company with a new name next week. As per The Verge, the company is planning to change its name to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter. The name change, which CEO Mark Zuckerberg plans to talk about at the company's annual Connect conference on October 28, but could unveil sooner, is meant to signal the tech giant's ambition to be known for more than social media and all the ills that entail.
Taapsee plays cricket... Mohanlal shoots with Rahman...
'Aamir Khan is a chalta phirta school. Even if you spend one day with him, you will learn a lot. He never gets tired. He works from morning till night.' Meet Dangal's Fatima Sana Shaikh and Sanya Malhotra.
Jio is planning to win over 350 million 2G feature phone users by launching a smartphone at a fraction of the current cost.
'The sooner we understand and accept this current situation as the new normal, the better,' advises Major Mohammed Ali Shah (retd).
The cover letter elaborates your intent for applying to the job, particular skills, experience, and achievements that make you the right fit.
Bhavin and Divyank Turakhia remain as committed as ever to incubating start-ups despite selling their firm for $900 mn
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