10 Top Tech Stories Of The Week
Here’s a quick look at what made news in the world of technology in the week just gone by…
Samsung mobile chief saves his job, three resign Samsung retained the chief of its mobile business, JK Shin, in an annual executive reshuffle announced despite a steep decline in mobile profit.
However, according to sources, three deputies to the head of Samsung’s mobile division are leaving. The executives directly report to Shin.
IIT placements create new benchmarks Top international recruiters Facebook, Oracle and Google rolled out at least 40 offers with total compensation packages higher than Rs 1 crore at the end of only the second day of IIT campus placements.
If Oracle’s current stock value is taken into account, the software giant is probably the highest payer at the IITs this placement season. Going by Wednesday’s stock rates, the package Oracle has offered for overseas positions would come to Rs 1.83 crore a year, higher than that of Facebook which is around Rs 1.42 crore a year. Oracle has offered around 10 overseas positions to students in the IITs this placement session.
At least one in every 9 students graduating from the 2015 batch across IITs is likely to join an e-commerce firm/startup. Four big players – Flipkart (200-220), OlaCabs (200), Snapdeal (100-plus) and Housing.com (100-150) – alone were expected to make around 670 offers at IIT campuses.
Uber raises $1.2 billion, now valued at $40 billion Uber wants to be the world’s private driving service. Now the company is amassing the war chest to do it.
The startup closed a new $1.2 billion round of financing on Thursday, with investors valuing the company at a staggering $40 billion. The latest haul piles a new mountain of cash on top of the $1.5 billion that Uber had already raised.
E-commerce now covered under Consumer Protection Act, RBI to come up with rules E-commerce is covered under the Consumer Protection Act and the central government is not facing any loss in indirect tax revenue due to expansion of online retail business, the government informed the Parliament.
The Reserve Bank of India (RBI) is working on a mechanism that will address concerns on e-commerce transactions, deputy governor HR Khan said on Wednesday, adding that it will soon come out with guidelines to plug gaps if any. Brands accused of selling fake goods Consumer brands and channel partners are turning the heat on India’s online retailers, accusing them of not only undercutting prices but also encouraging the sale of counterfeit goods by sellers of dubious origins on their sites.
IBM signs $1.25 billion cloud deal, says more coming IBM is enjoying a wave of major technology outsourcing deals from European customers. It announced the third in a string of billion dollar plus contracts, saying it had won a seven-year, $1.25 billion deal with WPP, the world’s top advertising firm, to run WPP operations in the cloud. On Monday, IBM disclosed a multi-billion-dollar deal to provide computer infrastructure services to Dutch bank ABN Amro. OnePlus One launched in India at Rs 21,999 OnePlus, the China-headquartered startup behind the One smartphone has finally launched the much-talked about phone in India at Rs 21,999. Months after announcing its entry in the region, the company has informed that the OnePlus One will be exclusively available for purchase on Amazon.in. Parallel to the launch, Cyanogen, which powers the phone’s software jumped back and forth on its decision to support updates on the phone following its ‘exclusive’ tie-up with Micromax.
Steve Jobs on trial in Apple antitrust case The latest case to bring Steve Jobs’ spirit into a courtroom is set to begin in Oakland, California. It is a class action involving older iPods, which played only songs sold in the iTunes Store, or those downloaded from CDs, not music from competing stores. The plaintiffs are consumers who say Apple violated antitrust law because to keep their music, people had to stay with the iPod, and buy higher-priced ones rather than cheaper, alternative music players. Apple has since discontinued this system.
Google ‘kills’ CAPTCHA for new anti-bot mechanism Google has introduced a new version of CAPTCHA (Completely Automated Public Turing test to tell Computers and Humans Apart) called ” No CAPTCHA reCAPTCHA.”
The new system pre-monitors each user’s behavior and filters them. Instead of asking the users to write the distorted text, they will now be presented with a tickbox to check.
Facebook fined in Argentina, Fake profiles haunt Pakistan ISI Facebook Argentina was ordered to pay a firefighter one million pesos ($177,000) for failing to comply with an order to delete insulting fake profiles of the plaintiff.
Meanwhile, Pakistan’s military and spy agency Inter Services Intelligence(ISI) has lodged complaints with the government against fake accounts of their chiefs on social networking site.