Tech Companies
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Funding by General Atlantic, Facebook, others to position Jio as tech player not just telco: Analysts
•Recent investments by Facebook, General Atlantic, Vista and Silver Lake will re-position Jio as a major tech player rather than just a telecom service provider, analysts said on Monday
Reliance Industries shares gain nearly 2% after company announces over Rs 6,500 deal with General Atlantic
•Shares of Reliance Industries on Monday gained nearly 2 percent after the company announced the sale of 1.34 percent stake in its digital unit to global equity firm General Atlantic for Rs 6,598.38 crore
RIL shares jump over 4% as Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr
•Shares of Reliance Industries on Friday jumped over 4 percent after the company announced that US-based private equity firm Vista Equity Partners will buy a 2.32 percent stake in its digital unit, Jio Platforms, for Rs 11,367 crore
US-based PE firm Vista Equity Partners to pick up 2.32% stake in Jio Platforms for Rs 11,367 cr
Fp Staff •Vista’s investment is at an 12.5 percent premium over the Facebook deal announced in April
Donald Trump's immigration plans create panic and anger among the Indian diaspora in the US
•By Tuesday, Donald Trump had ordered a 60-day halt in issuing green cards to prevent people from immigrating to the United States, backing away from his harder-edged plans to suspend guest-worker programmes after business groups erupted in anger at the prospect of losing labour from countries like India
Art exhibition shows the loss of urban anonymity brought by technological change
•The exhibition features a facial recognition system to draw attention to the inability to opt out in public.
Facebook, Twitter, others to set up independent watchdog for fighting extremist content
•The watchdog will be led by an executive director, funded by Facebook, YouTube, Twitter, and Microsoft.
Amazon reveals its carbon footprint, vows to rely on renewable energy by 2030
•It has ordered 100,000 electric vans that will start delivering packages to shoppers’ doorsteps in 2021.
Uber IPO: Cab-hailing service providers need to focus on customer loyalty, provide sense of price fairness
Vidya Mahambare •In recent times, cab-hailing service companies have introduced ride passes and Uber has announced Uber vouchers to lock us into using their service.
Startup Nestaway Technologies forays into Chennai, to bring onboard 500 family homes in city by year-end
Fp Staff •Nestaway helps tenants find rented houses, for a minimum tenure of 11 months, and provide home maintenance services