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- Apple, Amazon Must Face Antitrust Lawsuit for Inflating iPhones, iPads Price; Rules US Court June 9, 2023Apple and Amazon.com must face a consumer antitrust lawsuit in US court accusing them of conspiring to artificially inflate the price of iPhones and iPads sold on Amazon's platform, a federal judge in Seattle ruled on Thursday. In his ruling, US District Judge John Coughenour rejected bids from Apple and Amazon to dismiss the prospective […]
- Netflix, Amazon, JioCinema-Backed Group Protests New Tobacco Warning Rules in India June 9, 2023An Indian group representing Netflix, Amazon and Disney has told the government its new tobacco warning rules are impossible to implement for streaming giants and will impinge on content creators' freedom of expression, a letter seen by Reuters showed. As part of India's anti-tobacco drive, the health ministry last month ordered streaming platforms to insert […]
- Netflix Sees Jump in Daily Sign-Ups in US After Password-Sharing Crackdown, Says Data June 9, 2023Daily US sign-ups for Netflix have jumped in the first few days after the streaming giant's password-sharing crackdown came into effect on May 23, data from research firm Antenna showed. Looking for new ways to make money in a saturating market and a tough economy, Netflix moved to regulate the sharing of account passwords with […]
- Ola Electric Said to Hold Investor Meet on IPO Plans From Next Week June 9, 2023India's Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters and […]
- Binance.US Halts Dollar Deposits After SEC Crackdown, Asks Customers to Withdraw Dollar Funds June 9, 2023The US affiliate of Binance said it was halting dollar deposits and gave customers until Tuesday to withdraw their dollar funds, after the US securities regulator asked a court to freeze its assets. Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar […]
- Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation June 9, 2023Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.
- Best Smartphones Under Rs. 50,000 in India June 9, 2023The premium smartphone segment is mainly focussed on delivering the maximum number of features. Whether it's high-resolution cameras or a fast-charging experience. Everything that’s marketed or advertised by a company is expected to perform and deliver. The stakes are higher than ever in this segment with Google’s recently launched Pixel devices adding to the comp...
- Former Realme India CEO Madhav Sheth May Join Honor as India Head: Report June 9, 2023Realme appointed Madhav Sheth as the VP for Business and Corporate Strategy (Global) in March this year. After a successful phase with Realme, Sheth is reported to make an exit from the company soon. A latest report has hinted that the former Realme India CEO may soon join as the head of Honor's India branch.
- Reddit's New API Policy Forces Third Party Apps Like Apollo, Sync, RIF, More to Shut Down June 9, 2023Reddit will implement a new API policy on July 1 that would charge excessive fees to developers of third-party apps for the website, thereby resulting in the shutdown of popular applications such as Reddit is Fun (RIF), Sync for Reddit, Apollo, and ReddPlanet.
- Amazon Signs Agreement With ICAR to Help Farmers Enrolled Under Kisan Store June 9, 2023Amazon India on Friday signed an agreement with the government's premier agri-research body ICAR to guide farmers enrolled on its 'Kisan store' on scientific cultivation of different crops and help them achieve optimum yield and income. Under the MoU, Amazon and ICAR will collaborate to extend the latest and most precise agriculture practice that have […]