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Tag Archives: Said

Dropbox Said to File Confidentially for US IPO

HIGHLIGHTS Dropbox is currently valued at about $10 billion It is one of the closely watched group of firms with an anticipated IPO Non-public filings have become more common since July Dropbox, the file-sharing private company valued at $10 billion (roughly Rs. 63,500 crores), has filed confidentially for a US initial public offering, people familiar with the matter said. Goldman Sachs ... Read More »

Xiaomi Said to Be Set to Blow Past 2017 Revenue Target

HIGHLIGHTS Xiaomi said to topple its revenue target by 18 percent Xiaomi’s anticipated IPO in 2018 could be the biggest of the year Xiaomi profits expected to grow sharply into 2019 Chinese smartphone maker Xiaomi has told bankers it would top its annual revenue target by as much as 18 percent, sources with knowledge of the matter said, marking a comeback from ... Read More »

Amazon Said to Be Looking at New Food Technology for Home Delivery

Amazon.com is exploring a technology first developed for the US military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion US grocery business. The world’s biggest online retailer has discussed selling ready-to-eat dishes such as beef stew and a vegetable frittata as soon as next year, officials ... Read More »

Apple Said to Seek Tax Breaks for Its iPhone Suppliers in India

HIGHLIGHTS Government officials say meeting this request would require a new policy Apple submitted a list of prerequisites to make iPhones from scratch It began assembling the iPhone SE in Bengaluru in May Apple has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components. Government ... Read More »

US FTC Said to Be Probing Allegations of Amazon’s Deceptive Discounting

HIGHLIGHTS FTC is looking into allegations that Amazon misleads customers Amazon’s pricing discounts and offers on items is under scanner An analysis found that in 61 percent of products with reference prices As part of its review of Amazon’s agreement to buy Whole Foods , the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close ... Read More »

Google Quantum Computing Services Said to Be Available to Researchers

For years, Google has poured time and money into one of the most ambitious dreams of modern technology: building a working quantum computer. Now the company is thinking of ways to turn the project into a business. Alphabet Inc.’s Google has offered science labs and artificial intelligence researchers early access to its quantum machines over the internet in recent months. The goal is to ... Read More »

Symantec Said to Be Considering Sale of Its Web Certificates Business

Cyber-security firm Symantec is considering selling its website certification business, in a deal that could fetch more than $1 billion (roughly Rs. 6,457 crores) and extricate it from a feud with Alphabet Inc’s Google, people familiar with the matter said on Tuesday. Google said in March that it was investigating Symantec’s failure to properly validate its certificates, which confirm that websites can be trusted. Symantec ... Read More »

Nokia 6 Notification LED Light Removal Said to Be a Conscious Decision

HIGHLIGHTS Nokia 6 to miss out notification LED light The international variants of the Nokia 6 to miss the feature Nokia 6 to go on sale in India this month HMD Global’s first Nokia-branded smartphone was the Nokia 6 which was also popular as the comeback smartphone for the legendary Finnish brand. Now, a new detail about the global Nokia ... Read More »

Facebook Said to Have Received Nod to Set up Indonesia Unit

Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc’s Google set up small business entities to provide ... Read More »

Samsung Galaxy Note 8 Said to Be First Smarpthone With Snapdragon 836 SoC

HIGHLIGHTS Galaxy Note 8 likely to launch in second half this year The new Note phablet said to come with Snapdragon 836 SoC The phone also likely to feature 6GB RAM Samsung may be months away from the unveiling of its next Galaxy Note phablet, but there have been no dearth of leaks around the handset. The latest leak claims ... Read More »