US stocks fell sharply as tech stocks led the way lower on fears of increased regulations, while Trump’s move to impose import tariffs on China stoked fears trade war.
Russia did not have any links to Cambridge Analytica, Russia’s ambassador in London Alexander Yakovenko said.
Internet company Mozilla Corp said it was suspending advertising on Facebook Inc’s (FB.O) social media platform on concerns of data privacy.
Britain's culture minister said that Facebook chief Mark Zuckerberg's plan to fix problems at the world's biggest social media network did not go far enough.
Shares of Facebook fell 1.5% in as an apology from Zuckerberg failed to quell Wall Street nerves about the company’s handling of a row over user privacy.
ICO said its application to search Cambridge Analytica, the company at the center of a firestorm over its use of Facebook data, had been adjourned by a British judge.
Facebook is tweaking its usage policy for third party apps, including login process, to ensure that they have only limited access to user information.
Katarina Barley has asked to speak to Facebook executives to find out whether the social media site’s 30 million users in the country were affected by “scandal”.
Tech giants expressed concern about a possible Singapore plan to bring in a new law to tackle the threat of fake news, saying sufficient rules are already in place.
Slack Technologies is building a safety engineering team that will develop methods to help reduce the disruptions that have been more frequent on Slack’s service.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months