SoftBank, Toyota lead $1 billion funding round in Uber unit

SAN FRANCISCO: Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its …

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Global panel to review approval of Boeing 737 Max flight controls

CHICAGO: A global team of experts next week will begin reviewing how the Boeing 737 Max‘s flight control system was approved by the US Federal Aviation Administration. The FAA says experts from nine international civil aviation authorities have confirmed participation in a technical review promised by the agency. Former National …

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What’s in a domain name? A lot, if it’s on Amazon

NEW DELHI: What’s Amazon? A shopping website? Yes. A forest? Yes, of course. So what should the domain name .amazon signify? Should shop.amazon be for shopping on Amazon or shopping for products made in Amazon, possibly by the indigenous tribes? What about travel.amazon? A travel booking website by the Seattle-based …

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Leading IT cos say beefed up security but no data breach

New Delhi, Apr 20 () IT firms Infosys and Cognizant said they have not observed any data breach and they remain vigilant against cyber attacks that appear to be targeting technology players. Cybersecurity blog KrebsOnSecurity in its latest post KrebsOnSecurity said “the crooks responsible for launching phishing campaigns that netted …

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Arbitrary ban on social media platforms will impede FDI: IAMAI

New Delhi, Apr 20 () Any “arbitrary” ban on social media platforms and intermediaries could impede foreign direct investment and affect expansion of the digital India initiative, an industry body of Internet and mobile device companies said Saturday. Without naming Chinese video sharing app TikTok, the Internet and Mobile Association …

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No 5-day a week in commercial banks: RBI

MUMBAI: The Reserve Bank of India (RBI) said Saturday it has not issued any direction with regard to a five-day a week working for commercial banks. “It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions. It …

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