HIGHLIGHTS Walt Disney was earlier said to be in the line to bid for Twitter Salesforce and Google earlier backed out from the bidding Twitter is reported to be seeking about $30 billion for its sale Walt Disney Co. decided not to pursue a bid for Twitter Inc. partly out of concern that bullying and other uncivil forms of communication ... Read More »
HIGHLIGHTS Airtel has extended its 4G data offer to all new 4G smartphones Microsoft says its speech recognition is now as good as humans Samsung India will refund customers for Note 7 units purchased abroad Here’s your daily dose of the top news in the technology landscape, from Airtel’s new 4G offer to 80 percent Android devices still being vulnerable ... Read More »
Karnataka is considering an increase in the reservation ceiling for the SC and ST BENGALURU: Karnataka government is considering an increase in the reservation ceiling for the Schedule Castes and Schedule Tribes in education and employment beyond 50 per cent, based on the population, Chief Minister Siddaramaiah said Bengaluru today. Government will come out with a decision in this regard ... Read More »
US Judge Dismisses Lawsuit Against Twitter Over Islamic State Rhetoric Twitter Inc won a bid to dismiss a lawsuit brought by the widow of an American killed in Jordan which accused the social media company of giving voice to Islamic State, a federal judge ruled on Wednesday. US District Judge William H. Orrick in San Francisco ruled that Twitter cannot ... Read More »
The Delhi High Court has ordered blocking of 73 “rogue websites” which indulged in “rank piracy”, saying mere blocking of the uniform resource locator (URL) was not sufficient as it could be easily changed. A bench of justices Pradeep Nandrajog and A K Pathak also said that to “block the website as a whole is justified” as these were illegally ... Read More »
IT companies have disappointed investors with weak earnings in the June quarter HIGHLIGHTS IT companies are likely to see further de-rating, said market expert Weak quarterly earnings is the big dent in the IT sector IT stocks have underperformed the broader markets IT stocks have underperformed the broader markets that are in the midst of a remarkable rally. The Nifty50 ... Read More »
Skeptics expecting the Facebook success story to end will have to wait. The company reported a 52 percent revenue growth and tripled its quarterly profits in the first three months of 2016. Facebook’s impressive growth coincides with Apple’s drop in sales for the first time in 13 years this quarter. What’s also interesting is that another rival Microsoft hasn’t done ... Read More »
German police on Wednesday launched nationwide raids targeting social media users who posted racial hatred on Facebook and other online networks. Police swooped on the homes of some 60 suspects across 14 of Germany’s 16 states, the BKA federal crime bureau said, in a crackdown on “verbal radicalism” and related criminal offences. No arrests were made but computer equipment, cameras ... Read More »
Japanese messaging app Line’s initial public offering has raised more than $1.1 billion despite a lukewarm IPO market. Shares priced at 3,300 yen each, or $32.84 per US-traded share, Monday, the top of the predicted range. That suggests strong demand. Renaissance Capital, an IPO research firm, says it’s the biggest US IPO of the year. The stock will begin trading ... Read More »
Punjab Congress chief Amarinder Singh accused Arun Jaitley of trying to “avenge his humiliating defeat” in the 2014 Lok Sabha polls. (File photo) CHANDIGARH: A day after Union Finance Minister Arun Jaitley attacked him over his family’s alleged foreign accounts, Punjab Congress chief Amarinder Singh today hit back at him, accusing him of trying to “avenge his humiliating defeat” in ... Read More »
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