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Google, Meta, Apple representative body opposes draft telecom bill

Industry body Asia Internet Coalition (AIC) that represents big techs such as Meta, Apple, Alphabet and Amazon has opposed the draft Indian Telecommunications Bill. ...

Instagram working on adding songs to profiles

Instagram is said to be testing a new feature that will let users add songs to their profile page. As per the app researcher, the feature will apparently appear at the bottom of users’ Instagram profiles, underneath the links section. ...

RIL to list Jio Financial Services Limited (JFSL)

Reliance Industries Limited (RIL) will demerge its financial services undertaking into RSIL (to be renamed Jio Financial Services Limited (“JFSL”)). This was approved by the Board of Directors of RIL at its meeting held in the Scheme of Arrangement of RIL, Reliance Strategic Investments Limited (“RSIL”) and their respective shareholders and creditors (“Scheme”)....

Netflix reports 2.4M new subscribers, market cap jumps to $30B

Netflix bounced back in Q3 after two straight quarters of subscriber losses, which wiped billions of dollars of its market cap. The streaming giant reported 2.4 million new paid subscribers between June and September, causing its shares to skyrocket more than 18%....

Xiaomi partners with Airtel to provide seamless 5G experience to customers

Xiaomi India has announced its collaboration with Bharti Airtel, to bring the finest ‘5G Plus’ network in the hands of Xiaomi and Redmi smartphone users in India. As part of this collaboration, customers can experience seamless video calling, lag free gaming on the cloud and blazing fast data upload and downloads on all Xiaomi and Redmi 5G models across categories....

Lulu Group to set up India’s biggest mall in Gujarat

UAE-based Lulu Group International seems to enter Gujarat with a capital infusion of Rs 3,000 crore to set up India’s biggest shopping mall in Ahmedabad. The construction of the Ahmedabad shopping mall will commence in early 2023. This would be the third mall by Lulu group in India. The Group had already opened a mall in Kochi and Lucknow....

Microsoft lays off around 1000 employees amid global slowdown

US tech giant Microsoft has laid off about 1,000 employees across different positions, levels and geographic regions including the Xbox and the Edge teams. The company is looking to revise its business goals and cut down the workforce to manage its budgets....

BYJU’S raises $250Mn at $22Bn valuation

After recently laying off a number of employees, edtech unicorn Byju’s has raised $250 million in a new funding round from existing investors including Qatar Investment Authority (QIA) at a $22 billion valuation....

Google to upgrade Ads feature with business names and logos

Google is rolling out updates to search ads that include the removal of the ‘ad’ label and adding business names and logos, making it easier to distinguish from organic results. Now, business names will be the topmost visual element of search ads. ...

OpenText Security Solutions Announces Nastiest Malware of 2022

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the Nastiest Malware of 2022, a ranking of the year’s biggest cyber threats. For the fifth year running, OpenText Security Solutions’ threat intelligence experts combed through the data, analyzed different behaviors, and determined which malicious payloads ...