Day: January 8, 2019

E-Commerce FDI Policy Bars Foreign Investment in Multi-Brand Retail: Government

The Centre on Thursday said the Foreign Direct Investment (FDI) policy on e-commerce does not allow foreign investments into multi-brand retail. The Departent of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in the business-to-business (B2B) e-commerce segment and not in the business-to-consumer (B2C) segment, which in effect is […]

Google Being Investigated by Turkey’s Competition Authority

Turkey’s competition authority said on Monday it had launched an investigation into whether internet search engine Google broke competition law with algorithms it uses for searches and to target advertisements. The probe follows a complaint that Alphabet’s Googleunit had “abused its dominant position and made the efforts of other companies difficult”, the authority said. The investigation […]

Marriott Says Hack Was Smaller Than Originally Thought, but 5.25 Million Passport Numbers Were Stolen

Marriott disclosed Friday that fewer guests than originally thought were affected by a massive computer hacking attack but that more than five million passport numbers were stolen. Marriott said about 5.25 million passport numbers were taken in the incident, which US officials believe was masterminded by the Chinese government. An additional 20.3 million encrypted passport numbers […]

Huawei Launches HiSilicon Kunpeng 920 Server Chips as It Taps New Growth Channels

Huawei Technologies Co on Monday launched a new chipset for use in servers, at a time when China is pushing to enhance its chip-making capabilities and reduce its heavy reliance on imports, especially from the United States. Huawei, which derives the bulk of its revenue from selling telecommunications equipment and smartphones, is seeking growth avenues in […]