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Thursday, 29 April 2021

Excited about Zomato IPO? Firm says we’re in loss, will be this way for long

Dealers in the grey market said the company could be valued at more than Rs 53,000 crore.

from Tech-Economic Times https://ift.tt/3aOfxy4

China readies sizeable penalty for Tencent in sweeping antitrust crackdown, say sources

Tencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped at 500,000 yuan per case, and for anticompetitive practices in some of its businesses, with music streaming in particular focus, said the sources.

from Tech-Economic Times https://ift.tt/3u6ZfYP

Salesforce to send plane load of medical supplies to India: Founder Marc Benioff

Marc Benioff, among the pioneers of cloud-based software and created an industry, is also involved in philanthropy in the United States.

from Tech-Economic Times https://ift.tt/3t2Jf90

Facebook says it blocked hashtag calling for PM's resignation by mistake

The development comes amid reports that social media companies are being asked to remove posts that are critical of the government's handling of the coronavirus pandemic.

from Tech-Economic Times https://ift.tt/3aJG53y

Gartner forecasts India public cloud end-user spending to total $4.4 billion in 2021

Software-as-a-Service (Saas) and cloud management and security services will show double-digit growth in India for the first time

from Tech-Economic Times https://ift.tt/3e1msGr

Wednesday, 28 April 2021

Facebook blocks #ResignModi posts for hours as India's Covid crisis grows

Facebook said it barred the hashtag by mistake and not at the behest of the government, without elaborating. Facebook periodically blocks hashtags for a variety of reasons, some manually but many also based on automated internal guidelines.

from Tech-Economic Times https://ift.tt/3sWaAtq

Competition Commission gives nod to BigBasket’s 64% stake sale to Tata Digital

Tata Digital is likely to buy out Alibaba, which holds 27.58% stake and Actis LLP, which acquired several portfolios of scandal-hit Abraaj Group.

from Tech-Economic Times https://ift.tt/3ntkzFw