Not in position to accept data free flow with trust: Goyal
India is not in a position to accept the concept of data free flow with trust (DFFT) as it is neither well understood nor is comprehensive enough in the legislation of many countries, commerce and industry minister Piyush Goyal said on Tuesday.
Ambani's $50 weapon to dominate telecom market
Reliance Industries Ltd is in talks with domestic assemblers to make a version of its Jio phone that would run on Google’s Android and cost about Rs 4,000 ($54), said the people, asking not to be identified since the plans are private. The inexpensive phones will be marketed with low-cost wireless plans from Reliance Jio, the parent company’s carrier, they said.
Mistry family says it’s ‘time to separate’ from Tata Group
The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned by the family’s cash-strapped Shapoorji Pallonji Group.
Mall operator Brookfield Properties laying off 20% of retail staff
News/Business: Brookfield Properties, one of the largest mall operators in the U.S., is cutting 20 per cent of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings.
'Labour reforms to improve India's ease of doing biz'
The government aims to catapult India to among the top 10 countries in World Bank's ease of doing business rankings with the comprehensive labour reforms which are likely to be completed after Parliament approves three draft codes in the ongoing session, a senior official said on Tuesday.
Post-paid tariff war: Jio unveils JioPostpaid Plus
After unleashing a price war in mobile tariffs and fibre-broadband services, billionaire Mukesh Ambani-led Reliance Jio on Tuesday unveiled postpaid plans, bundling up to 500 GB of data and subscription to Netflix, Amazon Prime and Disney + Hotstar.
Apple CEO Tim Cook impressed by remote work
Apple Inc chief executive officer (CEO) Tim Cook said he’s been impressed by employees’ ability to operate remotely and predicted that some new work habits will remain after the pandemic. Cook said he doesn’t believe Apple will “return to the way we were because we’ve found that there are some things that actually work really well virtually."