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Telco bailout will be contempt of SC, illegal trigger to widespread precedent

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New Delhi, 3 Nov : Reliance Jio has written to Telecom Minister Ravi Shankar Prasad stating in unequivocal terms that the proposed telcos bailout would be contempt of the Supreme Court judgment and an illegal trigger to widespread precedent.

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Jio partnership is to build similar products around the world: Zuckerberg

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San Francisco, 30 April : Facebook’s over Rs 43,000 crore investment in Jio Platforms will help the social networking giant build similar products for the other key markets around the world, according to CEO Mark Zuckerberg.

Facebook, which has long been striving to enter the big club of the ecommerce world, has chosen India in a significant move to begin its global ecommerce journey with investing $5.7 billion (approx. Rs 43,574 crore) in Reliance Jio, sounding the bugle to take on ecommerce behemoth Amazon and Walmart in the long run.

“Certainly all the products and technology that we’re building to enable that (Jio) partnership are going to be things that we want to do around the world. So we’re very excited about working with them to drive this vision forward and then extending it everywhere over the coming months and years,” Zuckerberg told the analysts during an earnings call late Wednesday.

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99% of our phones sold in India made in the country: Xiaomi

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Sri City (Andhra Pradesh), 18 Nov : Almost all of the phones that Chinese smartphone maker Xiaomi sells in India are made in the country, a top company executive said here on Monday, stressing that ‘make in India’ Xiaomi smartphones are now being exported to other countries too, though at a small scale.

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Adobe’s Noida team giving final touches to Illustrator on iPad

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Los Angeles, 6 Nov : As iPad lovers await the arrival of Illustrator on the device next year, the teams at Adobes Noida R&D centre and Apples Cupertino-based headquarters in the US are busy finalizing and preparing for the final release of the much-anticipated product.

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