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Flipkart Co-Founders Bansals New Billionaires: Forbes India

Leading Indian e-retailer Flipkart’s co-founders Sachin Bansal and Binny Bansal are the latest billionaires in the country, with $1.3 billion (roughly Rs. 8,582 crores) net worth each, according to leading business magazine Forbes India’ rich list released on Wednesday. “Indian e-commerce has added its first billionaires with Flipkart’s founders (Bansals) making debut on our rich list at number 86, with ... Read More »

US Says Fingerprint Records of 5.6 Million Government Employees Stolen

Hackers who stole security clearance data on millions of Defence Department and other US government employees got away with about 5.6 million fingerprint records, some 4.5 million more than initially reported, the government said on Wednesday. The additional stolen fingerprint records were identified as part of an ongoing analysis of the data breach by the Office of Personnel Management and ... Read More »

Governments in India to Spend $6.88 Billion on IT in 2015: Gartner

Governments in India will spend $6.88 billion (roughly Rs. 45,415 crores) on IT products and services in 2015, an increase of 5.2 percent over 2014, according to market research firm Gartner. The forecast includes spending on internal services, software, IT services, data centre, devices and telecom services by local, state and the union government. IT services, which include consulting, implementation, ... Read More »

Google Case Final Decision to Take Quite Some Time, Says CCI

Fair trade regulator CCI said on Wednesday it would take “quite some time” before reaching a final decision on the case related to Internet major Google’s alleged anti-competitive practices. The Competition Commission of India’s investigative arm has submitted its report on the matter. “It is going to take quite some time before there is any finality on the matter,” CCI ... Read More »

Google’s ‘Brotli’ Wants to Make the Web Faster and Lighter

Amid the ad-blocking controversy, wherein more users than ever are using ad-blocking tools to make webpages cleaner and lighter, Google has announced a new compression technology which can make the websites load faster. Called Brotli, the compression algorithm is said to be about 20 to 26 percent more efficient than Zopfli, the existing compressing technology that fuels the vast majority ... Read More »

Mega Founder Kim Dotcom Extradition Hearing Opens in New Zealand

Internet mogul Kim Dotcom’s long-awaited extradition hearing opened in New Zealand Monday with the flamboyant founder of now-defunct Megaupload confident he can avoid being sent to the United States to face online piracy charges. The German insists he is a legitimate Internet entrepreneur, while US authorities allege his Megaupload empire promoted online theft on a grand scale. They claim Megaupload ... Read More »

Brazil to Boost Internet Speed Through Europe: Telebras CEO

Brazil will boost its Internet communications to reduce dependence on U.S. hubs and be able to host global data centers for heavy users like YouTube and Netflix, Jorge Bittar, head of state-run telecoms company Telebras, said in an interview. At present, all submarine fiber-optic cables connect Brazil to the Internet through the United States. That’s a security risk in a ... Read More »

Amazon India to Help Merchants Sell Through Own Website

Global e-commerce major Amazon today launched a new offering which will enable merchants with logistics and payment services to sell through their own website. Using the new integrated payments and logistics offering, brands and businesses who want to sell through their own website can use ‘Pay with Amazon’ for order management and ‘Amazon Easy Ship’ for delivery and fulfillment, the ... Read More »

Google Probe Report Only a ‘Beginning’, Says CCI Chief

Competition Commission today said its investigation arm has submitted its report on the alleged anti-competitive practices of Internet major Google and the regulator is awaiting comments on it from concerned parties. “The case has been going on for sometime. The investigator (Director General) has given the report,” Competition Commission of India (CCI) Chairman Ashok Chawla said in New Delhi. His ... Read More »

Comcast Agrees to Pay $33 Million in California Privacy Breach

Cable operator Comcast has settled with California authorities and agreed to pay $33 million (roughly Rs. 218 crores) for accidentally publishing the names, phone numbers and addresses of about 75,000 people who paid to keep the information private. Of the total, $25 million (roughly Rs. 165 crores) will go to state agencies. Each customer affected will receive $100 (roughly Rs. ... Read More »