Technology News Headlines

Wed, Jul 1 2015

After wifi at the Taj, Modi revives campaign for "digital" India

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NEW DELHI/MUMBAI - Prime Minister Narendra Modi urged more companies to make electronic and digital goods on Wednesday, reviving his campaign promise to bridge India's digital divide backed by over $70 billion in investment pledges.

Tech, Top News, Business 01 Jul 2015

SoftBank-backed startup Housing.com ousts CEO

MUMBAI - Indian property firm Housing.com, backed by Japan's SoftBank, ousted its co-founder and chief executive officer on Wednesday, marking the first major management upset at one of the country's largest start-ups.

Tech, Top News, Business, Japan 01 Jul 2015

Corrected - PayPal to buy digital money transfer provider Xoom

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SAN FRANCISCO - PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc .

5:12am IST

Infibeam files for IPO in first ecommerce listing

REUTERS - Indian e-retailer Infibeam filed a draft prospectus for an initial public offering (IPO) to raise 4.5 billion rupees ($70.69 million), becoming the first of India's ecommerce companies to list its shares on the domestic market.

Tech, Top News, Business 01 Jul 2015

Ratan Tata invests in taxi-hailing company Ola

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REUTERS - Ratan Tata, chairman emeritus of the holding company of India's Tata conglomerate, has bought a stake in online taxi-hailing firm Ola, the company said on Wednesday.

Business, Tech 01 Jul 2015

YouTube not liable on copyright, but needs to do more - German court

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- A German court reaffirmed on Wednesday that YouTube was only responsible for blocking copyright-infringing videos which had been brought to its attention, but the judicial panel said the Google video unit could do more to stop breaches.

01 Jul 2015

First-job tales of YouTube celebrities

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NEW YORK - Not long ago, Americans megastars only came from places like network television shows or Hollywood films.

01 Jul 2015

Brazil's Rousseff tops off U.S. tour with Silicon Valley visit

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SAN FRANCISCO - Brazil's President Dilma Rousseff capped off her U.S. tour on Wednesday with a visit to Silicon Valley, where she met with top technology executives and took a ride in Google Inc's self-driving car.

5:02am IST

Visa joins MasterCard, AmEx in ending use for Backpage sex ads

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CHICAGO - Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers.

12:24am IST

Siemens to open plant to turn electricity from wind into hydrogen

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FRANKFURT - Siemens will on Thursday start an energy project to convert wind power into hydrogen for re-use as a general fuel or in natural gas pipelines.

01 Jul 2015