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indica News Bureau- A Korean-American software engineer at Intel Corp. based in Santa Clara has filed a lawsuit alleging the semiconductor giant favors hiring people of Indian origin, promotes employees of Indian origin even if they have no management experience, and Indian-origin employees get extra vacation time and leave compared to others. The complaint […]
IANS- Driven by growth in its Cloud and Surface laptop segments, Microsoft has posted revenue of $33.7 billion and net income of $13.2 billion for its fourth quarter that ended on June 30. For its entire fiscal year 2019, Microsoft reported revenue of $125.8 billion which increased 14 percent and $39.2 billion net income – […]
IANS- Chennai-based security researcher Laxman Muthiyah has won $30,000 as a part of a bug bounty program after he spotted a flaw in Facebook-owned photo-sharing app Instagram. Muthiyah said the vulnerability allowed him to “hack any Instagram account without consent permission.” He discovered it was possible to take over someone’s Instagram account by triggering […]
Arul Louis- India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs. The External Sector Report of the IMF released on Wednesday by Chief Economist Gita Gopinath also found that India’s […]
Ritu Jha- “There is no better place than IIT Cohort for us to be able to scale,” said Ajay Jotwani, co-founder and CEO of i2Chain, Inc., while listening to the panels at the Indian Institute of Technology (IIT) Startups’ mixer event held last month in Santa Clara, California. Jotwani, an IIT Delhi alumnus, is […]
IANS- Facebook has reportedly reached a whopping $5 billion settlement with the US Federal Trade Commission (FTC) in the Cambridge Analytica privacy violations, the media reported. FTC commissioners voted by 3-2 with Republicans in support and Democrats in opposition to the penalty, Xinhua news agency quoted a Wall Street Journal report as saying […]
indica News Bureau- The World Bank Group has hired an Indian-origin woman to serve as managing director and chief financial officer (CFO). World Bank Group President David Malpass announced Friday the hiring of Anshula Kant, who is managing director at State Bank of India, where she previously also served as CFO. Details of her […]
IANS- India and the United States will continue discussions over bilateral trade-related issues, the government said on Friday. According to the Central government, both sides have agreed to continue “their discussions for achieving mutually beneficial outcomes aimed at further growing the economic relationship and addressing mutual trade concerns”. The development comes after a delegation led […]
IANS- The US Federal Trade Commission (FTC) approved a settlement involving about $5 billion with Facebook over its probe into the tech giant’s privacy violations, a media report said on Friday. FTC commissioners voted by 3-2 with Republicans in support and Democrats in opposition to the penalty, the Xinhua news agency reported. The matter […]
Ritu Jha- The San Francisco Chapter of the Council of the Institute of Chartered Accountants celebrated, International Chartered Accountants Day, or CA Day, by hosting a talk highlighting the skills accountants offer, the challenges Chartered Accountant (CA) coming from India face in the U.S., and how to stay connected and stay motived. Held at […]
