Google promises reforms in sexual misconduct regulations after protests : Bulletin: Business Today
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Google promises reforms in sexual misconduct regulations after protests

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November 9, 2018

FM Arun Jaitley says Mastercard, Visa losing out to RuPay and UPI after demonetisation

India's finance minister has said that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the U.S. government that Prime Minister Narendra Modi was using nationalism to promote a local rival. Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI), which allows swift inter-bank fund transfers, on the second anniversary of Modi's shock decision to replace high-value bank notes in a bid to flush out untaxed wealth.
 
Govt approves mechanism for sale of enemy shares worth Rs 3,000 cr; proceeds to be used for development


The government Thursday approved a mechanism for sale of enemy shares which at the current price is estimated at around Rs 3,000 crore.According to Enemy Property Act, 1968, "Enemy property" refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm. The decision, taken by the Union Cabinet, will lead to monetisation of movable enemy property lying dormant for decades and the proceeds will be used for development and social welfare programmes
 
Google promises reforms in sexual misconduct regulations after protest over its male-dominated culture

Google is promising to be more forceful and open about its handling of sexual misconduct cases, a week after thousands of high-paid engineers and others walked out in protest over its male-dominated culture. Google bowed to one of the protesters' main demands by dropping mandatory arbitration of all sexual misconduct cases. That will now be optional, so workers can choose to sue in court and present their case in front of a jury.
India pips US to become 2nd largest smartphone market in Q3: Canalys
 
 India has overtaken the US to become the second largest smartphone market in the July-September 2018 quarter, according to a report by research firm Canalys. India -which saw a shipment of 40.4 million units during the third quarter - was second to China where 100.6 million smartphones were shipped, the data showed. Smartphone shipment in the US was at 40 million units in the July-September 2018 period.
 
DGCA asks Jet Airways, SpiceJet to check their Boeing 737 MAX planes after Lion Air crash

The DGCA has asked Jet Airways and SpiceJet to check and correct possible sensor-related issues in the Boeing 737 MAX planes in their fleet which could cause the aircraft to lose altitude significantly. The directive from the civil aviation regulator has come after a fatal air crash involving a Boeing 737 MAX 8 aircraft operated by Indonesian Lion Air caused due to similar issues last month.

ED flags ponzi scheme in name of Islamic banking by Karnataka-based firm, writes to RBI

The Enforcement Directorate (ED) has flagged to the RBI about alleged dubious activities of a Karnataka-based firm charging it with running a ponzi scheme "in the name of Islamic banking or halal investment" and collecting over Rs 950 crore funds from gullible investors till now, officials said Thursday. The central probe agency's zonal office in Bengaluru has also written to Karnataka Police seeking all FIRs filed by it against the firm on the alleged chit fund scheme being run by it in order to study the case comprehensively
 
Trump administration blocks asylum claims by those crossing US border illegally

 
The Trump administration has taken a major step to restrict asylum claims by barring "aliens" who illegally cross the US southern border to seek asylum, a controversial move by President Donald Trump on efforts to crackdown on immigration. The move, opposed by several right groups, is at preventing the several thousands of people, mainly from three Latin American countries - Honduras, Guatemala and El Salvador - from entering the country and using the existing asylum law to gain entry into the United States.
 
 
Nokia, Infosys collaborate to drive enterprise digital transformation
 
Finnish mobile telecom network maker Nokia and Indian IT services firm Infosys have formed an alliance to develop solutions powered by new-age technologies like artificial intelligence (AI) and machine learning (ML). The partnership will help drive digital transformation in a wide array of enterprises and industries, addressing vertical markets, including transportation, energy and manufacturing, media and entertainment, and education. This collaboration will couple technology, products and services from Nokia with platform solutions, engineering and operations management expertise from Infosys. Financial details of the partnership were not disclosed.
 
 
 

 
 

 



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