Apple Officials Said to Discuss Duty Demands With Finance Ministry

Apple Officials Said to Discuss Duty Demands With Finance Ministry

Senior executives of iPhone maker Apple on Wednesday held detailed deliberations on their demand related to duty concession with officials of the finance ministry. The meeting assumes significance as the revenue department has rejected the demands of the US-based technology...
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World Bank’s IFC investment firm invests $2M in Southeast Asian fund SeedPlus

World Bank’s IFC investment firm invests $2M in Southeast Asian fund SeedPlus

SeedPlus, the early stage investment firm launched by Singapore-based VC firm Jungle Ventures last year, has snagged a strategic investment from IFC, the investment and asset management firm within the World Bank Group. IFC confirmed today that it has investe...
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OpenRent, the UK online letting agent, picks up £4.4M from Rocket Internet’s GFC

OpenRent, the UK online letting agent, picks up £4.4M from Rocket Internet’s GFC

OpenRent, one of a number of online letting agents (or realtor, as it might be described in the U.S.), has picked up £4.4 million in backing from Rocket Internet’s venture arm Global Founders Capital. The London-based company’s last funding round...
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GM’s new Maven Reserve service offers monthly vehicle rentals

GM’s new Maven Reserve service offers monthly vehicle rentals

Alternative models to car ownership now abound, and GM’s putting one more on the table: Maven Reserve, an offering within its Maven on-demand rental service that lets users rent new GM cars for 28 days at a time, complete with...
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SoftBank, Foxconn to Deepen Ties With Joint Venture

SoftBank, Foxconn to Deepen Ties With Joint Venture

Japan’s SoftBank Group and Taiwan’s Foxconn will soon begin operating a joint venture that deepens ties between two of Asia’s biggest technology companies, they said on Friday. The move will give Foxconn, formally known as Hon Hai Precision I...
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H1B Visa Changes: India Lobbies Trump Administration to Avert Threat

H1B Visa Changes: India Lobbies Trump Administration to Avert Threat

India has stepped up its lobbying effort against moves in the US Congress to impose curbs on visas for skilled workers that threaten the South Asian nation’s tech sector, which employs more than 3.5 million people. Speaking to Reuters, Trade...
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Panasonic’s Firefox OS is dead, long live Firefox OS

Perhaps the biggest trend with Panasonic’s lineup of TVs this year (aside from the company’s full-on embrace of OLED technology ) has been the loss of Firefox OS. Its demise began back in December 2015 when its developer Mozilla announced...
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Microsoft buys Simplygon to simplify rendering VR and AR models

Microsoft buys Simplygon to simplify rendering VR and AR models

Microsoft is betting that less is more in 3D design, with the acquisition of the Swedish developer of a 3D data optimization system, Simplygon. Simplygon takes 3D models in a number of formats, and reduces the volume of data used...
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Oracle patches raft of vulnerabilities in business applications

Oracle patches raft of vulnerabilities in business applications

Oracle released its first batch of security patches this year, fixing 270 vulnerabilities, mostly in business-critical applications. Many of the flaws can be exploited remotely without authentication. The majority of the fixes are for flaws in business product...
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Snowden’s stay in Russia has been extended by the Russian government

Snowden’s stay in Russia has been extended by the Russian government

U.S. National Security Agency leaker Edward Snowden will be allowed to stay in Russia for “another couple of years,” according to a spokeswoman for the government there. The Russian government has extended the residence permit for Snowden, the for...
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