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Thursday, June 27, 2019

Amazon invests Rs 450 cr in India payments unit

American retail giant Amazon has infused Rs 450 crore into its payment’s unit in India — Amazon Pay, according to regulatory documents. Amazon Pay (India) has allotted 45 crore shares of Rs 10 each aggregating to Rs 450 crore to Amazon Corporate Holdings and Ltd, documents filed with Corporate Affairs Ministry showed. The documents, sourced by business intelligence platform Tofler, said the date of allotment was June 6, 2019 ...more

Today’s headlines
IBM sees opportunity in collaborating with telcos, media marketplace in India
The US-based technology company is holding talks with Indian telcos to bring in technologies and expertise around digital engagement with artificial intelligence and au-tomation, enterprise modernisation, and hybrid cloud ...more
Legal & Patents
Aussie watchdog readies clampdown on Google, Facebook
Australia’s competition watchdog is poised to call for far-reaching new regulations on Facebook, Google and other tech giants which could have global ramifications for how they make money and choose the content people consume. ...more
Central sector telecom projects may get higher funds support in Budget
The general Budget in July is likely to give a fillip to the government's telecom projects to make the Prime Minister's vision of Digital India a success. ...more
Huawei asks India to take 'informed and independent decision' on 5G trials
The US has banned Huawei, the world's leader in telecom equipment and the number two smartphone producer, over concerns of security. ...more
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