Day: January 8, 2019

E-Commerce FDI Policy Bars Foreign Investment in Multi-Brand Retail: Government

The Centre on Thursday said the Foreign Direct Investment (FDI) policy on e-commerce does not allow foreign investments into multi-brand retail. The Departent of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in the business-to-business (B2B) e-commerce segment and not in the business-to-consumer (B2C) segment, which in effect is […]

Google Being Investigated by Turkey’s Competition Authority

Turkey’s competition authority said on Monday it had launched an investigation into whether internet search engine Google broke competition law with algorithms it uses for searches and to target advertisements. The probe follows a complaint that Alphabet’s Googleunit had “abused its dominant position and made the efforts of other companies difficult”, the authority said. The investigation […]

Marriott Says Hack Was Smaller Than Originally Thought, but 5.25 Million Passport Numbers Were Stolen

Marriott disclosed Friday that fewer guests than originally thought were affected by a massive computer hacking attack but that more than five million passport numbers were stolen. Marriott said about 5.25 million passport numbers were taken in the incident, which US officials believe was masterminded by the Chinese government. An additional 20.3 million encrypted passport numbers […]

Amazon Says Over 100 Million Alexa Devices Have Been Sold to Date

Over 100 million Alexa-enabled devices have been shipped to date, Amazon has announced. The e-commerce giant is known for withholding numbers regarding all its hardware and services, which makes this a unique — and possibly deliberate, with CES 2019 around the corner — reveal. Of course, Amazon didn’t get into any specifics, which is to […]