Page 4 - Big Tech

US big tech's dominance in stock market hits breakpoint for Nasdaq 100

The seemingly unstoppable growth of megacaps like Apple Inc. and Microsoft Corp. mean they have breached an upper limit imposed on stocks in the Nasdaq 100

US Big Tech says it meets EU gatekeeper status, TikTok criticises label

Companies can be fined up to 10 per cent of annual global turnover for DMA violations

Competition Commission of India lens on Big Tech as Apple probe nears end

The new Chairperson, Ravneet Kaur, along with other members, is expected to take up the matter in their meeting soon, along with several other pending cases against Big Tech companies

Rights of consumers to safe internet can not be compromised: Chandrasekhar

The government will ensure that consumers always have their platforms accountable to them in the digital space, and the rights of Indian consumers to have safe internet will not be allowed to be compromised or diluted, Union Minister Rajeev Chandrasekhar said on Friday. The Minister of State for Electronics and IT - who is spearheading an extensive and in-depth nationwide consultation on the new Digital India Bill that will replace two decades old the Information Technology Act - noted that for years, the big tech platforms masqueraded as innovation and misused market dominance necessitating overhaul of regulatory and legal frameworks. "...it is a commitment that we have to the people of India...1.2 billion Indians who are going to use the Indian internet, that we will keep the internet open for them. We will deliver safety and trust on the internet for them. And we will make sure that regardless of whether you're a big tech or small tech, Indian or foreign that consumers will always

Entrepreneurs take reins of IAMAI, big tech sidelined for the first time

Harsh Jain's appointment as chairperson of IAMAI has signalled a shift in the association's leadership and organisation's priorities after IAMAI was criticised for aligning with Big Tech's interest

IAMAI announces elections amid allegations of pushing pro-Big tech interest

The Internet and Mobile Association of India (IAMAI) on Monday announced that 83 members will be contesting the election to its 24-member governing council. The moves comes at a time when the industry body has been hit by infighting and a spate of allegations that it was pushing the views and interests of Big Tech companies. In a statement, IAMAI said the results of the election will be declared at the end of May and the new Governing Council will take over after the Annual General Meeting in June. "Eighty-three members of the Internet and Mobile Association of India (IAMAI) would be contesting the election to the 24-member IAMAI Governing Council. "The nominees of the top three firms, in terms of votes received in this election, would become the Chairperson, Vice Chairperson and Treasurer of the association, and form its Executive Council," IAMAI said. Elections are conducted every two years at IAMAI. The tenure of both the Governing Council and the Executive Council is two ...

Indian start-ups distance themselves from IAMAI, call it 'pro-Big Tech'

Say the association is led by executives of tech majors and favours these firms

Google, Meta, other Big Tech cos face UK crackdown as govt unveils new law

A new Digital Markets Unit in the nation's antitrust regulator will have powers imposing additional obligations on some of Silicon Valley's biggest companies

Google 1st Big Tech firm to end Covid jab mandate for entering buildings

In a memo to employees, the Sundar Pichai-run tech giant cited the "extraordinary time" that has passed since the onset of the Covid pandemic

NCLAT's 'effects analysis' order on Google may hinder other big tech probes

Present competition law does not provide for effects analysis. Conducting one would mean letting anti-competitive practices continue and taking action once adverse effects have already been created

Jayant Sinha says will table digital competition Bill on Friday

Sinha said that was not the case, and that the Centre was bringing its own amendments to the competition law

'We can't pay you more', small tech firms tell laid-off Big tech employees

As lakhs of Big Tech employees make a beeline to secure a job as soon as possible, smaller tech firms are hiring the talented laid-off workers albeit with a caveat: We can't pay you any more

Top headlines: Apple creates new jobs, India's derivate bond trade at risk

Business Standard brings you the top headlines at this hour

Centre invites Big Tech, start-ups to discuss digital competition law

Big Tech companies have been asked to come separately on March 11 to make suggestions on the digital competition law

Apple begins laying off third-party contractors, cuts costs: Report

Instead of waiting for contracts that are typically renewed every 12 to 15 months to expire, Apple is firing contractors outright

Filling Big Tech shoes: Game begins for India's tryst with mass app economy

Domestic alternatives for mass consumption apps by Google, Meta or Twitter are still few and far between

Intel stock down over 9% on grimmest quarterly outlook since 2010

First-quarter sales will be $10.5 billion to $11.5 billion, the chipmaker said

Tech layoffs: It's business, not personal

It's not that they don't want you, just that they do not need you anymore. Or, so they think

Why big tech is firing employees by the thousands? Should we be worried?

What exactly led to this massive shakeout? And what does it mean for the industry, and you?

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'