Page 65 - Data Science For News Today

The companys comments come after RBI governor Shaktikanta Das said that the regulator has given sufficient time to regulated entities such as Paytm Payments Bank, before any action is initiated. RBI deputy Governor Swaminathan Janakiraman on Thursday said that the action against Paytm is regulatory/supervisory.

Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier.

CNMC, as the watchdog is known, fined Amazon and Apple for colluding to prevent dealers other than Amazon from selling Apple wares on Amazons websites in Spain. Apple was fined €143.6 million and Amazon €50.5 million and both companies at the time said they would appeal.

Under terms of the partnership, HSBC will look to provide financing to companies cherry-picked by the U.S. technology giant to join its Google Cloud Ready-Sustainability programme. Members of the programme undergo a validation process, with Google assessing quality and efficacy of the technology in development as well as its traction among customers.

North Korean hacking groups subordinate to the Reconnaissance General Bureau (RGB) - Pyongyangs primary foreign intelligence agency - reportedly continued with a high number of cyber attacks - a panel of independent sanctions monitors said.

Out of the 14 commercial missions identified, seven launches are being undertaken by the commercial arm of the Indian Space Research Organisation (Isro) NewSpace India Limited (NSIL) including two Polar Satellite Launch Vehicles (PSLVs) by an industry consortium, IN-SPACe said.

Vestager made the comment as she announced an update to nearly three-decade old rules known as the Market Definition Notice that determine whether companies have the market power to throttle rivals or control prices.

Under the MoU, Google will collaborate with the government by offering startups mentorship, networking, and demo days with Google experts and industry leaders covering areas across technology, product development, business strategy, and more.

SoftBank swung into profits for the first time in five quarters with a net profit of over $6 billion for the three months ended December, aided by a stock rally in listed firms from Vision Fund I. The investor made a full exit from Zomato and Policybazaar during the year along with PhonePe -- which was part of the dividend payout from the Flipkart investment.

Choudhary, who is a central banker, has a career spanning over three decades at the Reserve Bank of India (RBI). He concluded his service as RBIs executive director in October 2023.