Economy

Facebook elevates Indian-origin executive to head `Workplace’ division

Karandeep Anand, an Indian-origin senior executive of Facebook, will head the social media giant’s enterprise communications tool Workplace, the company has announced. Anand, who worked at Microsoft for 15 years before joining Facebook nearly four years ago, will work closely with Julien Codorniou, the Facebook vice president who has been the leader of Workplace, CNBC …

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‘Broadcast tariff order tuned to protect consumer interest’

The Telecom Regulatory Authority of India on Tuesday reiterated that implementation of the new tariff order in the broadcast and cable services sector will bring in transparency and usher in better programming at competitive prices for consumers. The order takes effect from December 29, The order will enable consumers to make informed choices and pay …

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Mindtree co-founders said to be resisting stake sale to new suitors

The founders of Mindtree are understood to be resisting giving away their stakes for possible key investors to acquire majority stake in the mid-sized IT company. Reports about VG Siddhartha, a majority stakeholder in the company, planning to sell his 20.3 per cent claim in Mindtree first emerged nearly a year ago. There have been …

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Ajman Media City eyes India tie-ups

Ajman Media City Free Zone, a new investment destination in the Emirate of Ajman, is looking for strategic partnerships with Indian companies from the media, entertainment and digital sector. A visiting trade delegation in Mumbai offered flexible and innovative business set-ups to entrepreneurs in the media, digital and the entertainment sector. Going cost-effective Mahmoud Khalil …

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Aircel-Maxis case: Protection from arrest to Chidambaram, Karti extended till Jan 11

A Delhi court on Tuesday extended till January 11 the protection granted to former Union minister P Chidambaram and his son from arrest in the Aircel-Maxis scam. Special Judge O P Saini extended the relief granted to Chidambaram and his son Karti after the CBI and the ED submitted that new material has been recovered …

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HCU develops Kannada-Telugu translation software

If you think translations of your social media posts by Google and Facebook are rudimentary, here comes the 2.0 of machine translations, with an accuracy level of 80-90 per cent. Kshanakalam Aanimutyam, a Telugu translation of S Sadakshari’s Kannada work (Kshana Hottu Aanimuttu), becomes the first book in India to be translated by the machine. …

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60% of start-ups are located in 5 States

Over 60 per cent of the start-ups out of 14,565 initiatives in India are concentrated in five States led by Maharashtra which has the highest number (2,787) followed by Karnataka (2,107), Delhi (1,949), Uttar Pradesh (1,201) and Telangana (824), while Sikkim has the lowest number (1) of start-ups. About 15 per cent of start-ups are …

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Your digital data could be on sale for less than $50: Study

Your complete digital life — including data from your social media accounts, banking and credit card details — can be sold by cyber criminals for less than $50, scientists say. While many of us have heard of, or even fallen victim to, cyber crimes such as data and identity theft, it seems that relatively few …

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Google Maps to show auto-rickshaw routes for Delhi commuters

Commuters in the national capital can now view “auto-rickshaw” routes as well as fares on Google Maps app, tech giant- Google Monday said. “Starting today, commuters in Delhi will be able to see a new public transport mode in Google Maps — auto-rickshaws. By selecting this mode of transport, commuters will be able to view …

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Google to spend $1 billion for new campus in New York

Alphabet Inc’s Google said on Monday that it is investing over $1 billion to establish a new campus in New York city, as it expands its presence in the city’s technology corridor along the Hudson River. The new leased campus, which is over 1.7 million square-foot, will be the primary location for Google’s global business …

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