business

Will it work between Huawei and Micromax? Huawei forges ties with Micromax to enter the Indian market

Facing heat in the US amid the ongoing Washington-Beijing trade war, Chinese telecommunications giant Huawei has joined hands with the Indian consumer electronics firm Micromax Informatics to give impetus to its offline sales.

Trump warns APPLE, either to manufacture in US or face tariffs

Even though Intel’s Data Center Business has declined, it made profits of $4.2 billion

After Months of Uncertainty, ‘Amazon’ now Optimistic of Stable E-Commerce Policy in India

Tesla reports record car deliveries but faces net loss in Q2

Tesla faces $408mn as net loss, Despite record car production n Q2

Despite delivering a record 95,200 cars in the second quarter (Q2) of 2019, Elon Musk-led electric car maker Tesla reported a net loss of $408 million for the quarter that ended June 30. Tesla reported revenue of $6.3 billion — a significant improvement from Q2 last year when it reported revenue of $4 billion. The company also announced it’s Chief Technology Officer J.B. Straubel is leaving Tesla.

Facebook penalized for privacy violation

The US Federal Trade Commission (FTC) approved a settlement involving about $5 billion with Facebook over its probe into the tech giant’s privacy violations, a media report said on Friday.

Amazon & Facebook claim to be top spenders on lobbying as regulators act

As US government regulators act tough on tech giants over privacy violations and anti-trust activities, Amazon and Facebook spent the maximum in lobbying – around $4 million each – in the second quarter (Q2) this year.

Happiest Minds Digital transformation with IBM Cloud

the company ‘Happiest Minds’ is leveraging Cloud to help firms modernize content

First things first. Before you conjure up irrelevant perceptions around the name, Happiest Minds is no charity or a medical company. It is a Bengaluru-based IT services firm founded by former Mindtree Chairman Ashok Soota. Started about eight years ago with the aim of putting “people” at the center of everything and creating a happy atmosphere for its clients, Happiest Minds reported record profitability in the 2019 financial year with organic growth of 16 percent and the company gives some of the credit for its rise to IBM Cloud. In its digital business services, IBM Cloud has powered the company’s Digital mCaaS (managed content as a service) platform through which it launched a new software-as-a-service (SaaS) business product for its clients globally.

red-hat-bets-big-on-india-after-34-billion-acquisition-by-ibm

After the International Business Machines Corp. (IBM) completed the acquisition of Red Hat for $34 billion earlier this month, a top executive from the iconic software company with an open-source development model has said that it was a “match made in heaven” that will help it accelerate growth globally, including in India. In India, Red Hat, which specializes in Linux operating systems, has engineering facilities in Pune and Bengaluru.

Indian won $30,000 by spotting flaw in Instagram

Chennai-based security researcher Laxman Muthiyah has won $30,000 as a part of a bug bounty programme after he spotted a flaw in Facebook-owned photo-sharing app Instagram.