Archives for January 2019

Oracle has revealed the latest version of its Java Card, used for securing internet of things (IoT) devices such as smartwatches and other hardware that process large amounts of information. Java Card 3.1 can be used in a vast array of applications, from telecoms devices and contactless payments terminals to cars, smart meters and wearables. It […]

Veeam announced it has received $500 million in investment from Insight Venture Partners to accelerate its growth in the data management sector. As part of the agreement, Veeam will also receive support from the investor’s internal business strategy arm, Insight Onsite as well as the capital to invest in smaller organisations as part of its […]

By Molly Schuetz and Shahien Nasiripour WeWork Cos. defended its process for reviewing related-party transactions after a report said the real estate startup’s chief executive leased multiple properties to the company after he bought them. The Wall Street Journal reported Wednesday that Chief Executive Officer Adam Neumann has made millions of dollars by leasing multiple […]

The foreign direct investment (FDI) rules for e-commerce companies should be applicable to domestic online players also, to restrict them from adopting any unethical business practices, said the Confederation of All India Traders (CAIT). “The restrictions imposed in FDI policy in e-commerce should also be made applicable to domestic ecommerce players to ensure a level […]

Amazon and Walmart-owned Flipkart have sought an extension of the February 1 deadline for complying with the revised FDI norms in e-commerce, stating that they need more time to understand the details of the framework. These norms – which are effective February 1 – are likely to hit Amazon and Flipkart, the hardest. These two […]

New foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022 according to a draft analysis from global consultants PwC seen by Reuters. Under the changes, e-commerce firms in India will from Feb. 1 not be able to sell […]

“Retail’s big show”, the NRF (National Retail Federation) 2019 conference, wrapped up this week in New York City. The retail conference brought together community members and exhibitors from around the world to showcase the latest innovations in shopping. This year’s biggest topics focused on creating impact from an operational aspect, a community aspect, a talent […]

Flipkart India Pvt. Ltd., the wholesale arm of the Walmart-owned e-commerce marketplace in India, has received Rs 1,431 crore in fresh funding from its Singapore-based parent entity Flipkart Private Limited. The investment came days after the Indian government made clarifications in the FDI policy for e-commerce that significantly affects firms like Flipkart. According to documents […]

Only 48% of businesses have the infrastructure set up to detect whether their IoT infrastructure is open to a data breach, a report by security firm Gemalto has revealed. Firms are now asking for the government to intervene and set better regulations around IoT security to prevent potentially damaging hacks into such devices. In fact, […]