Google offered to tweak Android contracts to placate EU

European Union competition commissioner Margrethe Vestager coolly hit Google with a 4.3 billion euro ($5 billion) fine last week, the biggest penalty in the history of antitrust enforcement. It didn’t have to be that way.

A year earlier, when the company -- already reeling from a 2.4 billion euro fine in another EU case -– made quiet attempts to settle the probe into deals it has with Android phone makers, the response was equally chilly.

Investments in disruptive tech yielding results: Premji

Wipro chairman Azim Premji on Thursday said the company is witnessing its early investments in ‘disruptive’ technologies in­c­reasingly result in successful outcomes.

“We at Wipro are seeing our early investments in disruptive technologies increasingly result in succ­e­ssful outcomes with clie­nts and markets, wh­ich are early adopters of such new age technologies,” Premji said.

Google hit with record $5b EU antitrust fine

EU antitrust regulators hit Google with a record ¤4.34 billion ($5 billion) fine on Wednesday for using  its Android mobile operating system to squeeze out rivals.

The penalty is nearly double the previous record of ¤2.4 billion, which the US tech company was ordered to pay last year over its online shopping search service. It represents just over two weeks of revenue for Google parent Alphabet Inc and would scarcely dent its cash reserves of $102.9 billion. But it could add to a brewing trade war between Brussels and Washington.

ONGC gets board nod to exit Pawan Hans, to sell 49% stake

The ONGC board has approved exiting helicopter service provi-der Pawan Hans by selling its entire 49 per cent stake as it looks to cut debt and consolidate resources in core oil and gas business, sources said.

Oil and Natural Gas Corporation (ONGC) wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale, they said.

Logistics firm founded by 13-year-old boy targets Rs 100 cr revenue by 2020

Like any other teenager, 13-year-old Tilak Mehta attends a suburban school studying in Class VIII, and rues about his father coming home from work late and tired.

But the similarities stop there. Tilak is a budding entrepreneur who has founded a logistics startup, sold the idea to a banker and convinced him to quit the job and join him as the chief executive, and, also roped in the famed Dabbawalas of the city to help him with the last mile distribution.

Online night room bookings grow 50% in January-March

Online hotel room aggregators have witnessed one of the fastest growth rates of around 50 per cent in night bookings during the first quarter of this calendar year against the same period a year ago. During January-March, online travel saw daily night bookings growing to 150,000 against 100,000 in the same period last year. Fulfilled daily room night bookings went up to 110,000 against 73,000 in the year-ago quarter, as per the data from RedSeer Consulting.

Indiano enters basic mobile mart

As the global majors are fighting for a share in the Indian high-end mobile market pie, some players are focusing on basic models that continue to be in high demand in non-metros, semi-urban and rural areas.

To tap that market, domestic mobile phone maker Indiano International Technosoft unveiled four basic handset models here on Monday.

Branded as Indiano, the handsets are targeted at the value for money segment. Starting at Rs 600 (iE1 & iE2), these models come with replacement warranty. The other models will cost Rs 999 (i10) and Rs 1,120 (i20).

35% organisations lack cyber security experts: Gartner

Despite 95 per cent of CIOs expecting cyber threats to increase over the next three years, only 65 per cent of their organisations currently have a cyber security expert, acc-ording to a Gartner survey.

The survey also reveals that skills challenges continue to plague organisations that undergo digitalisation, with digital security staffing shortages considered a top inhibitor to innovation.

Digital culture eludes global enterprises despite huge outlay

Global enterprises are failing to create a strong digital culture needed to bring their employees into digital transformation agendas, found a recent study conducted by French tech major Capgemini.

Despite huge investments in digital transformation initiatives, set to exceed $2 trillion by 2021, organisations feel less equipped with the right leadership capabilities to make digital transformation a success, said a research done by Capgemini’s Digital Transformation Institute, the company’s in-house think-tank on all things digital.