Amazon Sees Antitrust Complaint Filed Against It by Austrian Retailers

Amazon Sees Antitrust Complaint Filed Against It by Austrian Retailers

Austrian retailers have filed a complaint against Amazon with their national competition authority over the US e-commerce giant’s dual role as a retailer and a marketplace. The European Commission and Germany’s antitrust authority are also looking into Amazon’s role in the...
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Starwood Data Breach: Clues in Marriott Hack Said to Implicate China

Starwood Data Breach: Clues in Marriott Hack Said to Implicate China

Hackers behind a massive breach at hotel group Marriott International left clues suggesting they were working for a Chinese government intelligence gathering operation, according to sources familiar with the matter. Marriott said last week that a hack that b...
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Cyber-Attacks Costing Large Indian Firms Over $10 Million in Losses Each Year

Cyber-Attacks Costing Large Indian Firms Over $10 Million in Losses Each Year

A large-sized enterprise in India loses an average of $10.3 million (roughly Rs. 72 crores) owing to cyber-attacks and a mid-sized organisation an average of $11,000 (roughly Rs. 7.75 lakhs) annually, a Microsoft-led study said on Wednesday. Cyber-attacks have...
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Amazon Black Friday Sale 2018: Workers in Spain Go on Strike

Amazon Black Friday Sale 2018: Workers in Spain Go on Strike

Workers at Amazon’s biggest logistics centre in Spain went on strike on the day of the online retailer’s “Black Friday” sales bonanza, a union and the company said. Employees at Amazon’s San Fernando de Henares facility near Mad...
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Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley

Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley

India’s finance minister said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the US government that Prime Minister Narendra Modi was using nationalism to promote a local ...
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Mastercard Says Storing India Payments Data Locally in Face of New Rules

Mastercard Says Storing India Payments Data Locally in Face of New Rules

Global card payments giant Mastercard is storing its new Indian transaction data locally, the company said on Tuesday, as it starts to comply with a regulatory directive which US companies unsuccessfully lobbied hard to dilute. The Indian central bank in Ap...
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PM Modi Says AI, Blockchain Will Change the Nature of Jobs

PM Modi Says AI, Blockchain Will Change the Nature of Jobs

Prime Minister Narendra Modi Thursday allayed fears of job loss due to technological development, saying artificial intelligence, blockchain, and other technologies will change the nature of employment and provide more opportunities. Speaking at the launch o...
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Flipkart Confident of Bumper Sales Season; Says Amazon Losing Relevance

Flipkart Confident of Bumper Sales Season; Says Amazon Losing Relevance

Indian online retailer Flipkart, owned by Walmart, expects bumper sales during the annual festive season that just kicked off, as it boasts that US rival Amazon is losing relevance in India. Flipkart and Amazon both began their flagship annual sales in In...
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Microsoft CEO Satya Nadella Says Welcomes Scrutiny of Tech Industry That Has Roiled Competition

Microsoft CEO Satya Nadella Says Welcomes Scrutiny of Tech Industry That Has Roiled Competition

Software companies should welcome the harsh spotlight that’s been put on the technology industry this year, Microsoft chief executive Satya Nadella said in an interview at its 500-acre campus in Redmond, Washington. “Having the scrutiny is actu...
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Paytm Maha Cashback Sale Starts October 9

Paytm Maha Cashback Sale Starts October 9

Climbing onto the festive bandwagon, Paytm Mall has also announced its own Maha Cashback Sale in India. The Paytm sale will go on from Tuesday, October 9 to next Monday, October 15, and deals on mobiles, laptops, and other electronics will be listed during...
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