The termination of what would have been Zoom's biggest-ever acquisition comes after proxy advisory firms Institutional Shareholder Services and Glass Lewis recommended that Five9 shareholders vote against the takeover.
In a letter to Piyush Goyal, Amazon refuted reports from last week that said it had paid Rs 8,546 crore in legal fees in India in FY20.
The second fund includes a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore, said Vinod Murali, founder and managing partner of Alteria Capital.
“Last week some media outlets began reporting that Amazon's India operations spent a combined Rs 8456 crore in "legal fees" During 2019 and 2020. making these claims, the article cited "public filings" made by Amazon.. . .. the quoted amount was ," the letter dated September 28 said.
Google was fined for using its Android mobile operating system to thwart rivals and cement its dominance in general internet search from 2011, in the largest penalty meted out to any company found guilty of breaching EU antitrust rules.
The company, which extracts insights from public and private content, enables business professionals to make data-driven decisions. AlphaSense will invest the money in market growth, especially in India.
The funding from Falcon Edge and SoftBank will further strengthen Ola’s “Mission Electric” and enter more electric vehicle platforms, including electric cars.
With the new update, users can now send money with just one tap, all within a chat
OfBusiness cofounder and chief executive Asish Mohapatra told ET that both SoftBank and Falcon Edge-managed Alpha Wave have participated in the fundraising.
The programme offers instant access to revenue-based financing starting at $30,000 per startup, infrastructure across back-end and front-end support for startups and credits up to $500,000.
Skudgear is 10club's second acquisition after My NewBorn, a brand selling baby products on Amazon India. The Thrasio-style venture recently closed one of the biggest seed funding rounds in India's startup history.
State communications regulator Roskomnadzor said Facebook's repeated violations could see it fined 5% or 10% of its annual Russian turnover. Moscow has increased pressure on foreign tech companies over the last year as part of a long-running push to assert greater sovereignty over its segment of the internet.
Mounting public pressure over the revelations have prompted Facebook to put on hold its work on a kids' version of Instagram, which the company says is meant mainly for tweens aged 10 to 12
BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years.
The consortium is called ‘Indian Space Technologies and Applications Design Bureau’ (I-STAC.DB) and will develop next-generation applications including rapid launch capability, satellite design and assembly, sensors, future generation communication such as 6G.
The project, dubbed Udaan, is among the largest and most complex projects that Tata Consultancy Services (TCS) is currently undertaking in India, bringing low-latency, high volumes and high resilience to the MCX trading platform.
Facebook has been under fire since the Wall Street Journal reported — citing internal documents — that the social media company was aware that Instagram harmed the mental health of young users.
The company's new Terra 360 modular charger can charge up to four vehicles at once, and can fully charge any electric car within 15 minutes. The device will be available in Europe and the US by the end of the year.
Facebook has seen over 35% growth year-over-year in the number of monetising creators and video publishers in India and over 160% growth in in-stream revenue earned by monetising creators and video publishers.
Amazon had terminated the employment of Emily Cunningham and Maren Costa, who had accused the company of enforcing policies in a discriminatory fashion and instituting rules that "chill and restrain" the staff from exercising rights.
The new feature will arrive within months through its Google Lens search tool, the company said in its livestreamed Search On conference.
Meesho has raised $570 million in a funding round led by Fidelity and B Capital to double the R&D team and acquire more users, as the social ecommerce platform looks to compete directly with Amazon and Flipkart.
Sebi said in an ex-parte interim order dated September 27 that Ramit Chaudhri, the Infosys employee, and Keyur Maniar, a Wipro staffer, have been banned from trading in securities and that their demat and bank accounts have been frozen.
Homegrown startups such as Zoomcar and Wakefit.co are hiring top talent from India and around the world to help them unlock the next level of growth.
The government has accelerated efforts to start chip manufacturing in the country and is reportedly in talks with Taiwan to bring a $7.5 billion fab unit to India soon.
The anchor investor for the Rs 1,000-crore fund is Innoven Capital Pte Ltd, a joint venture of Seviora (Temasek) and United Overseas Bank. It has a green-shoe option to raise an additional Rs 1,000 crore.
"Essentially, the idea of the digital mission…is to leverage information and communication technology…. and data to essentially make the health services delivery," Sharma said at the Global Fintech Fest on Wednesday.
Based on the pricing range, the company would have a market valuation between $1.9 billion to $2.4 billion after completion of the listing on Nasdaq Stockholm.
Google was addressing the General Court on the third day of a week-long hearing as it tries to get judges to dismiss a record $3.7 billion EU antitrust fine and a European Commission order to loosen its search engine grip on Android devices.
The company is also acquiring the business of New Jersey-based Shree Partners including its subsidiary in India for $6.87 million.
Senior US and European Union officials aim to discuss semiconductor shortages, artificial intelligence and tech competition issues at the inaugural meeting of the Trade and Technology Council (TTC) on Wednesday.
YouTube said RT's German branch had received a "strike" for uploading material that violated YouTube's standards on Covid-19 misinformation, and as a consequence was suspended from uploading new videos to its channel.
Members said they were prevented from sending new messages to the groups. WeChat users reported seeing the error message "limits have been placed on this group because it violates relevant rules and regulations"
Vedantu, an edtech startup, has raised $100 million in a new round of funding led by Singapore-based impact investing fund ABC World Asia at a valuation of $1 billion.
CredAvenue has raised $90 million in a Series A funding round led by Sequoia Capital, at a valuation of $410 million. The funding will be used to expand the product suite and ramp up technology, CredAvenue founder Gaurav Kumar says.
Tata Sons chairman Natarajan Chandrasekara has given the senior management a sneak peek at the Tata super app ahead of its pilot run among 7 lakh+ employees.
The home robot is designed to take up tasks such as home monitoring, setting up routines and reminders, and can play music and TV shows while rolling around the house.
Gupshup has appointed Gaurav Kachhawa as chief product officer to lead the company’s overall product strategy as well as a global innovation lab.
The move comes as Epic Games and Apple Inc. have been locked in a legal dispute since last year when the "Fortnite" creator tried to get around Apple's 30% fee on some in-app purchases on the App Store by launching its own in-app payment system.
The new round of funding will help MFine invest in expanding its hospital, diagnostics and e-pharmacy network across the country and building tech-driven care delivery products for both acute and chronic conditions patients.
The studio's games, which are available on Sony's PlayStation, Microsoft's Xbox, Nintendo Switch and PCs, will be the first non-mobile titles in the streaming giant's newly created video game portfolio.
"This whistleblower's testimony will be critical to understanding what Facebook knew about its platforms' toxic effects on young users, when they knew it, and what they did about it," Democratic Senator Richard Blumenthal, head of a subcommittee of the Senate commerce panel, said.
The Korea Communications Commission will soon be drawing up an enforcement ordinance that will accompany the amendment of the country's Telecommunications Business Act. Most of the new law went into effect in mid-September.
CNN does not feature prominently in Australian media consumption, but the decision could have reverberations across the industry if other outlets followed suit.
The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs, Samsung previously said in filings to state officials.
Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.
The Global FinTech Fest, has been organised by Internet and Mobile Association of India (IAMAI), along with its sister organisations Fintech Convergence Council (FCC), Payments Council of India (PCI), and National Payments Corporation of India (NPCI).
A legal challenge from former Zostel, relating to a botched acquisition in 2015, threatens to disrupt Oyo’s IPO plans.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
