News

Snapdeal Acquires Silicon Valley Startup ‘Reduce Data’

Snapdeal has acquired Reduce Data, a Silicon Valley startup, for an undisclosed amount to strengthen its discovery platform as the e-commerce major competes head-on with giants like Flipkart and Amazon. The Mountain View-based company has a programmatic display advertising platform that leverages artificial intelligence, real-time data, and other tools. Founded in 2012 by Asif Ali, the company has customers across ... Read More »

Netflix Starts Japan Service in Global Push

Netflix on Wednesday launched its service in Japan, the latest move in the US-based online streaming giant’s global push as market competition heats up. The company said it has partnered with Japanese mobile carrier SoftBank in a joint bid to tap some 36 million households with high-speed Internet access. The announcement in Tokyo was attended by Netflix founder Reed Hastings. ... Read More »

French Watchdog to Probe Ex-Alcatel-Lucent Chief’s EUR 14 Million Payout

France’s markets watchdog said Tuesday it would examine a deal that could see the former head of telecoms equipment maker Alcatel-Lucent receive around EUR 14 million (roughly Rs. 104 crores) as part of its buyout by Finland’s Nokia. The AMF watchdog will “check to see if there are no irregularities” in the payments that Michel Combes could receive over a ... Read More »

Amazon to Let Prime Members Download Videos

Amazon is upping the ante in the streaming-video competition with downloadable videos. The e-commerce powerhouse will now let members of its $99 annual Prime loyalty program download some shows and movies on its streaming video service to watch offline, or when there is no Internet connection available, for free. To watch the content users can download the Amazon Video app ... Read More »

Netflix to Lose Major Titles Like Hunger Games as Epix Contract Expires

Streaming service Netflix is losing Hunger Games and Transformers as it will not renew its deal with Epix that will expire at the end of September. Big movies like The Hunger Games: Catching Fire, Transformers: Age of Extinction, World War Z, Star Trek: Into Darkness, among others will not be available on Netflix beginning in October, reported Aceshowbiz. “We know ... Read More »

Toshiba Delays Annual Results Again as More Accounting Errors Found

Japan’s Toshiba Corp delayed announcing its annual financial results on Monday, saying it had found more accounting errors after disclosing a $1.2 billion book-keeping scandal. Toshiba, which was scheduled to post its earnings for fiscal 2015, said the newly discovered problems included incorrect impairment charges on fixed assets at several subsidiaries and improperly timed booking of loss provisions at a ... Read More »

UK Songwriter Society Sues SoundCloud Over Copyright: Report

Britain’s largest music copyright collective PRS for Music has sued SoundCloud for copyright infringement, saying the online audio-streaming firm did not agree on a licensing deal, the Financial Times reported. The newspaper said PRS for Music, which represents about 100,000 songwriters, composers and music publishers, said it had “no alternative” but to sue SoundCloud for copyright infringement since the music ... Read More »

Vodafone India to Roll Out 4G Mobile Services by December

Vodafone India has announced it will launch its 4G mobile services by December 2015. Bengaluru, Delhi, Kochi, Kolkata, and Mumbai – the five circles it had acquired additional spectrum for in the February 2014 auctions – will be part of the first wave of the rollout. The telecom operator will also roll out 3G networks in seven additional circles – ... Read More »

Nokia Agrees on ‘Shanghai Bell’ Joint Venture With China Huaxin

Finnish telecom equipment maker Nokia said it had agreed to create a Chinese joint venture with Huaxin in a move that could pave the way for China’s approval for Nokia’s proposed takeover of Alcatel-Lucent. The joint venture, to be named Nokia Shanghai Bell, will be built upon a similar, long-time joint venture between France’s Alcatel-Lucent and China Huaxin, which is ... Read More »

Want to Get Hired by Google? Try This Hidden Route

Want to score a programming gig at Google? Don’t hesitate looking up for complicated queries on Google. That’s precisely how Max Rosett recently landed a job at the search giant. In a blog post, Rosett has taken the lid off a rather unconventional recruiting practice by Google. The world’s biggest search engine maintains a recruiting tool hidden in its website ... Read More »