Google ‘is a monopolist’: US Judge
A federal judge ruled against Google saying that the company abused its dominant position in the search and advertising markets, marking a significant victory for the Department of Justice.“After having carefully considered and weighed the witness testimony and evidence, the court reached the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly,” said the court’s ruling. Click here to read more
Dell announces more job cuts in latest round of layoffs
Dell is making more job cuts as part of a significant reorganisation of its sales teams to gear up for an AI-driven future. According to a report by Business Insider, Dell plans to reduce its workforce to below 100,000 employees, potentially resulting in tens of thousands of job losses. Click here to read more
Cisco may cut thousands of more jobs this year
Cisco announced plans for another round of layoffs, potentially affecting thousands of jobs, as it shifts focus toward cybersecurity and AI amid challenges in its core business. The job cuts follow February’s reduction of 4,000 employees. It aims to support the company’s diversification strategy through acquisitions and investments in AI product offerings. Click here to read more
TRAI’s ‘ban warning’ for companies: If these links or files are shared after September 1..
Telecom Regulatory Authority of India (TRAI) has announced stringent measures against entities misusing bulk connections. Effective immediately, telecom operators — Reliance Jio, Airtel, Vodafone-Idea and BSNL — will be required to disconnect the services of any entity found to be making spam calls through PRI or SIP connections. Click here to read more
CEO Sundar Pichai sold Google shares worth over $3.65 million
Alphabet Inc CEO Sundar Pichai sold shares worth $3.65 million under a pre-arranged trading plan, maintaining his significant stake in the company. The sale occurred amid a federal judge ruling that Google’s search operations violated antitrust laws, prompting the company to appeal. Click here to read more
US client sends Rs 92 crore-plus notice to Indian IT company over hacking claims
Coforge has received a notice from a North American client claiming an indemnity of over $11 million due to an alleged data breach. The Indian IT company stated in an exchange filing that it is currently in discussions with offshore counsel and plans to refuse the client’s demands for arbitration claim resolutions. Click here to read more
Vivo launches V40, V40 Pro in India
Vivo launched its V40 series smartphones in India, featuring the V40 and V40 Pro models with advanced specifications. The V40 starts at Rs 34,999, while the V40 Pro is priced at Rs 49,999. Key features include a 6.78-inch AMOLED display, high refresh rate, and powerful processors. Sales begin on August 13 and 19 respectively. Click here to read more
CBI warns about this ‘WhatsApp-CBI scam’ people have lost crores to
Central Bureau of Investigation (CBI) has issued a strong warning to the public about a surge in fraudulent activities where scammers are impersonating CBI officers to extort money. These criminals are using the agency’s logo and the names of senior officials to create a sense of authenticity and deceive unsuspecting victims. Click here to read more
Elon Musk sues ChatGPT-maker OpenAI
Elon Musk has once again filed a lawsuit in federal court in Northern California, reigniting his legal battle with OpenAI, the company he co-founded. The new lawsuit has the same foundation of the previous one – accusing OpenAI’s leadership of deceiving him about the company’s true intentions. Click here to read more
OnePlus’ most powerful smartphone of 2024 gets a price cut
OnePlus 12, the 2024 flagship smartphone from OnePlus, saw a Rs 5,000 price reduction across its two variants. Now priced at Rs 59,999 for the 12GB model and Rs 64,999 for the 16GB version, the phone features advanced specifications including a Snapdragon 8 Gen 3 chipset, a Hasselblad camera system, and 100W SUPERVOOC fast charging. Click here to read more
