Apple 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…
An 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…
Daily 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. The news sent shares of the company up 2.3 percent to $418.92 (nearly. Rs. 35,000) in early trading. Looking for…
India’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,…
Samsung Electronics has announced the forthcoming global release of the Samsung Bespoke Jet™ AI, their most advanced wireless stick vacuum to date. Boasting suction power of up to 280W1, it also includes a self-emptying All-in-One Clean Station™ and utilizes artificial intelligence (AI) for enhanced functionality. The Bespoke Jet™ AI will…
The 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…
Xiaomi 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 over Rs. 5,551 crore. The Enforcement Directorate (ED) on Friday confirmed in…
Realme 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 new report has hinted that the former Realme India CEO may soon join as the…
Reddit 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 many popular applications such as Reddit is Fun (RIF), Sync for Reddit, Apollo, and ReddPlanet. Apps like BoostForReddit and BaconReader have…
E-commerce firm Amazon India on Friday signed an agreement with the government’s premier agri-research body ICAR to guide farmers enrolled in its ‘Kisan store’ on scientific cultivation of different crops and help them achieve optimum yield and income. A ‘Kisan store’ section was launched on the Amazon platform in September…
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