South Korea’s Samsung Tuesday announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago. The world’s…
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Government Permits 100 Percent FDI in Online Marketplaces
The government on Tuesday permitted 100 percent FDI in the marketplace format of e-commerce retailing with a view to attract more foreign investments. As per the guidelines issued by the Department of Industrial Policy and…
Global Majority Backs a Ban on ‘Dark Net,’ Poll Says
Seven in 10 people say the “dark net” – an anonymous online home to both criminals and activists fearful of government surveillance – should be shut down, according to a global Ipsos poll released on…
Xiaomi Announces ‘Mi Ecosystem’ Sub-Brand
At an event in China, Xiaomi on Tuesday announced a new sub-brand called Mi Ecosystem. The new brand is meant to cover products manufactured by Xiaomi’s ecosystem partners. As per Xiaomi, the Mi Ecosystem sub-brand…
FBI Wants US Businesses to Help as Cyber Extortion Gains Urgency
The FBI is asking businesses and software security experts for emergency assistance in its investigation into a pernicious new type of “ransomware” virus used by hackers for extortion. “We need your help!” the Federal Bureau…
Microsoft Reportedly Meets With Private Equity Over Yahoo Deal
Microsoft Corp executives are in early talks with potential Yahoo Inc investors about contributing to financing to buy the troubled Internet company, a person familiar with the situation said. The talks are preliminary, the person…
Bangladesh Asks New York Fed, Philippines to Help Retrieve Stolen Money
The new governor of Bangladesh’s central bank has sent formal letters to the New York Fed, as well as central bank and money laundering chiefs in the Philippines, asking them to help recover its stolen…
For First Time, Drone Delivers Package to US Residential Area
A drone has successfully delivered a package to a residential location in a small Nevada town in what its maker and the governor of the state said Friday was the first fully autonomous urban drone…
Tour Bruce Wayne’s Home and Batcave in Virtual Reality With Google Maps
Warner Bros.-DC wish to leave no stone unturned in their quest to launch a franchise rivalling the popularity and financial success of Disney-Marvel with the release of Batman v Superman: Dawn of Justice on Friday,…
FreeCharge Partners CCAvenue; Expands Customer Access to Online Merchants
Snapdeal-owned digital payments platform FreeCharge has partnered with a payment gateway CCAvenue, giving its customers access to over 100,000 online merchants across sectors like hospitality, retail, and education. It will also help them access real-time,…
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