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BusinessToday.In
New Delhi, May 14, 2021
China's top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator; Facebook on Thursday said it will roll out a new campaign in India in the coming weeks to \"educate and inform people\" about how to detect misinformation related to Covid-19, and encourage users to check the information they receive against an authentic source; As the country battles the second wave of COVID-19, the government Thursday said the virus may emerge again and so preparations have to be made at the national level in collaboration with states, infrastructure needs to be ramped up while curbs and appropriate behaviour must be followed. Watch this and more news on News Blast. Keep an eye out for Twitter's new and upcoming features in 2021


Rashi Bisaria
New Delhi, May 14, 2021
Facebook plans campaign in India to fight COVID-19 related misinformationFacebook on Thursday said it will roll out a new campaign in India in the coming weeks to \"educate and inform people\" about how to detect misinformation related to Covid-19, and encourage users to check the information they receive against an authentic source. The social networking giant has removed over 12 million pieces of \"harmful\" misinformation on Covid-19 globally from Instagram and its own platform during the...


Reuters
May 14, 2021
The fine on Alibaba led to a 7.66-billion yuan ($1.19 billion) operating loss in the fourth quarter ended March 31


Reuters
May 10, 2021
The billionaire has kept an extremely low profile since delivering a speech in October in Shanghai criticising China's financial regulators


BusinessToday.In
April 29, 2021
The wholly-owned subsidiary of Tata Sons had sought the CCI's approval for the acquisition through a mix of primary and secondary share purchase


Reuters
April 18, 2021
Officials from the central bank, People's Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon's exit from the company was discussed


Rashi Bisaria
New Delhi, April 13, 2021
Govt bans on-board meals in flights as Covid-19 cases riseThe Civil Aviation Ministry said on Monday that airlines are not allowed to serve meals on flights that have a duration of less than two hours in the wake of a spike in coronavirus cases in India.The ban will come into effect from April 15, the ministry said in its latest order. However, there are no curbs on inflight meals on international flights as of now.Poonawalla-led Rising Sun's acquisition of stake in Magma Fincorp gets CCI n...


Reuters
April 12, 2021
The overhaul comes two days after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the \"platform economy\"


Reuters
April 12, 2021
Shares in Alibaba Group Holdings Ltd rose as much as 9% in Hong Kong trade as a key source of uncertainty for the company was removed, and on relief the fine and steps ordered were not more onerous


Reuters
April 10, 2021
The State Administration for Market Regulation (SAMR) said that after an investigation launched in December, it had determined that Alibaba Group had been \"abusing market dominance\" since 2015


Reuters
April 9, 2021
The clampdown on the school, founded in 2015 by Ma to train China's next generation of entrepreneurs, comes as his business empire faces government scrutiny


PTI
March 29, 2021
The question of refunds came into play a week ago when local organizers and the Japanese government decided to bar most fans from abroad because of the COVID-19 pandemic


Reuters
March 24, 2021
Beijing has vowed to strengthen oversight of its big tech firms, which rank among the world's largest and most valuable, citing concerns that they have built market power that stifles competition, misused consumer data and violated consumer rights


Mukesh Adhikary
March 17, 2021
Mayank Bidawatka, co-founder of Koo said, \"There are millions of users, how many politicians you think there are? There are less than 0.1% of politicians on the platform. Somehow, what the media really loves to look at is you have so many politicians and they are from BJP\"


Reuters
March 16, 2021
Nokia expects the restructuring to lower the its cost base by about 600 million euros by the end of 2023. Half of the savings are expected to be realised in 2021


Reuters
March 16, 2021
The company has established a team to explore the development of artificial intelligence chips, ByteDance told Chinese business magazine Caijing


Reuters
March 16, 2021
The company, whose mainstay business is online retail, has stakes in the Twitter-like Weibo platform and several news outlets including Hong Kong's South China Morning Post


Reuters
March 13, 2021
The FCC said the companies included Huawei Technologies Co , ZTE Corp, Hytera Communications Corp, Hangzhou Hikvision Digital Technology Co and Zhejiang Dahua Technology Co


BusinessToday.In
March 12, 2021
Hu's exit comes at a time when Ant Group is working on plans to shift to a financial holding company structure following regulatory pressure to subject it to rules and capital requirements similar to those for banks.


BusinessToday.In
March 12, 2021
The fine could outdo the $975 million paid by the US chipmaker Qualcomm in 2015, the biggest known for anticompetitive practices in China


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