Reuters - Technology Report

Click to View in Browser

Monday, January 14, 2019

India's Flipkart unit Myntra and Jabong CEO steps down

The chief executive officer of Myntra and Jabong, a unit of Walmart Inc-owned Flipkart, Ananth Narayanan, has left the company to pursue external opportunities, Myntra said on Monday.

India's electric vehicle goals being realized on two wheels, not four

Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in the western Indian state of Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country's goal of electrification of its vehicles.

India's top court seeks govt response on plans to snoop on citizens' computers

India's Supreme Court on Monday asked the government to respond in six weeks on pleas challenging a recent home ministry order that allowed some agencies to monitor personal computers of citizens.

Fintech firms want to shake up banking, and that worries the Fed

The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.

Samsung to launch India-first smartphones to counter Chinese rivals

Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi in the world's second-biggest mobile phone market.

German antitrust watchdog to act against Facebook: report

Germany's antitrust watchdog plans to order Facebook to stop gathering some user data, a newspaper reported on Sunday.

SpaceX to lay off 10 percent of workforce

Elon Musk's rocket company SpaceX will reduce its workforce by about 10 percent of the company's more than 6,000 employees, it said on Friday.

India's online sellers to appeal against competition commission's Flipkart ruling

A group representing online sellers in India will appeal against the Competition Commision of India's (CCI's) ruling in favour of Walmart-owned Flipkart, the group's lawyer Chanakya Basa said in a release on Saturday.

Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO

Qualcomm sought to become the sole supplier of modem chips for Apple's iPhone to recoup a $1-billion "incentive payment" that Apple insisted on, not to block rivals from the market, Qualcomm's chief executive testified on Friday.

Huawei Canada executive leaves post as scrutiny of company grows

One of Huawei Canada's top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies.