Parliamentary committee summons FB, Twitter over privacy concerns : Bulletin: Business Today
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Parliamentary committee summons FB, Twitter over privacy concerns

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Rashi Bisaria | October 23, 2020

Serum to launch 5 COVID-19 vaccines by 2021 end; floats new firm

The world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Serum has floated a new company Serum Institute Life Sciences (SILS) that will exclusively focus on developing, producing and supplying pandemic vaccines. SILS is owned by the Pune-based billionaire Cyrus Poonawala and his son Adar Poonawala.

Maharashtra invites Tesla after Elon Musk's hint on entering India

Maharashtra has invited US electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year. Earlier this month, Musk said "Next year for sure" on Twitter in reply to a post with a photograph of a T-shirt with the message: "India wants Tesla".

Bank credit rises to Rs 103.44 lakh crore; deposit increases to over Rs 143 lakh crore: RBI

Bank credit grew by 5.66 per cent to Rs 103.44 lakh crore, while deposits increased by 10.55 per cent to Rs 143.02 lakh crore in the fortnight ended October 9, according to RBI data. In the fortnight ended October 11, 2019, bank credit had stood at Rs 97.89 lakh crore and deposits at Rs 129.38 lakh crore.

India's smartphone shipments hit record high in Q3 2020; Xiaomi, Samsung, Vivo top charts

After a weak quarter due to coronavirus-inflicted nationwide lockdown, the Indian smartphone market has bounced back registering a record for smartphone shipments in a single quarter. The smartphone shipments in India posted an 8 per cent growth in units to 50 million units in Q3 of 2020, says research firm Canalys.

Parliamentary committee summons Facebook, Twitter over privacy, data protection concerns

Social media giants Facebook and Twitter have been issued summons by a joint committee of Parliament on the issue of protection of data and its privacy, sources said on Thursday. Representatives of Facebook India have been asked to appear on Friday before the Joint Committee on the Personal Data Protection Bill, 2019, chaired by BJP MP Meenakshi Lekhi, while Twitter officials are required to appear before the panel on October 28, as per the notice issued by the Lok Sabha Secretariat.

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