Miscellany

Miscellany

Salary hike likely to be better this year

Employees can look forward to an average hike of 9-12 per cent, while top talent may get as much as 15 per cent raise this year as improving hiring pace is pressing organisations to retain their key performers, say HR experts.

Unrestricted internet telephony likely soon

After eight years since its launch, internet telephony may finally arrive in India with legal clarity next month. The Department of Telecom (DoT) is likely to give a go-ahead for unrestricted voice service through this platform, according to sources.

Walmart close to buying majority of Flipkart

Walmart Inc is likely to reach a deal to buy a majority stake in e-commerce player Flipkart by the end of June in what could be the US retail giant’s biggest acquisition of an online business, two people with direct knowledge of the matter said.

My own data was shared by Cambridge Analytica: FB CEO

Mark Zuckerberg on Wednesday told lawmakers that he was among the 87 million or so Facebook Inc users whose data was improperly shared with political consultancy Cambridge Analytica. But the chief executive of the world’s largest social media network pushed back on Congress members’ suggestions that users do not have enough control of their data on Facebook.

‘Internet industry playing fast and loose with personal data’

The Internet industries are playing fast and loose with people’s personal data. It’s clear that self-regulation is merely wistful thinking and governments are forced to act. The European Union is clearly leading the change with GDPR and other regulations. The Facebook fiasco is a rude wakeup call for all data-driven enterprises, billions of internet users and governments/regulatory bodies all over the world.

Flipkart moves into swanky new address in Bangalore

Google probably had the “coolest and smart’’ workspace in Bangalore some 10 years ago, and its employees were literally pampered with exotic fruits, expensive nuts and exclusive chocolates, of course in addition to a lot of fun and frolic on the floors. Now, Flipkart executives in the city are a proud and happy lot as they have a swanky and all new place to go to work. India’s homegrown e-commerce player, Flipkart, has recently consolidated its presence in the city by moving into a 8.3 lakh square feet office spread across 30 floors with a seating capacity of 7,387.

India anti-trust case against Google goes to appeal

Google has appealed against a ruling by India’s competition watchdog that found it guilty of “search bias”, while the website that brought the case also challenged the outcome, complaining the online search giant had got off too lightly.

In February, the Competition Commission of India (CCI) fined Google 1.36 billion rupees ($21 million), saying it was also abusing its dominance by giving its own online airline flight search product an unfair advantage over rivals.

Google, the core unit of U.S. firm Alphabet Inc, said on Tuesday it had filed an appeal.

‘It’s for central bank to decide on Chanda’

It is for the Reserve Bank or ICICI Bank board to decide if bank CEO and managing director Chanda Kochhar should continue or not, a senior official in the finance ministry said.  The RBI governor has been saying that he has more power over the private sector, he stressed. The private sector banks deal with public money as well.

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