Tech Nuggets with the Technology

Sunday, May 3, 2020

ASUS India aims to commence new PC launches from June

Despite the disruptions owing to the COVID-19 pandemic on global supply chain, Taiwanese electronics major ASUS expects a surge in demand for laptops in India once the lockdown is lifted, even as the company prepares for a couple of launches in June this year, a top company executive has said. https://ift.tt/2WqSAJd

Work from home may become new norm: Prasad at G20 meeting

The minister highlighted India's action plan to fight coronavirus by leveraging digital technology and called for a coordinated global digital response to fight the pandemic. https://ift.tt/2W2JaF8

COAI urges DoT to extend timelines for minimum roll-out obligation by 6-9 months

The Cellular Operators' Association of India (COAI) said it would be unfair if the telecom operators were to suffer from any of stipulated penalties "for a situation that can at best be described as Force Majeure". https://ift.tt/35tcl75

Intel in Talks to Buy Israeli Public Transit App for $1 Billion: Report

Intel is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday. https://ift.tt/3ffvDl5

After Facebook, Silver Lake to Invest Rs. 5,656 Crores in Reliance Jio

Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest Rs. 5,656 crores in its digital arm, giving it a valuation of Rs. 4.90 lakh crores. https://ift.tt/2Ss53eL

Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms

In April, US social networking giant Facebook said it will acquire a 9.9% stake in Jio Platforms for Rs 43,574 crore https://ift.tt/2W0vmuP https://ift.tt/eA8V8J

10 apps to help you do things you may not know you can with your smartphone's camera

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How to Watch Star Wars Movies in the 'Machete Order'

In honour of Star Wars Day - May the Fourth be with you - we tell you how to watch Star Wars movies in the "Machete Order" (updated for The Rise of Skywalker) and which series (The... https://ift.tt/2VY1Rtt

PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B — Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit.

Flaws in Salt, a server automation and management tool, have been exploited to breach servers belonging to Ghost blogging platform, DigiCert, and LineageOS (Catalin Cimpanu/ZDNet)

Catalin Cimpanu / ZDNet:
Flaws in Salt, a server automation and management tool, have been exploited to breach servers belonging to Ghost blogging platform, DigiCert, and LineageOS — Ghost platform got hacked via the same vulnerability that allowed hackers to breach LineageOS servers hours before.

JioMart ramps up operations with credit, incentives

Since the rollout of ordering via WhatsApp, JioMart has doubled weekly credit limit and has allocated one executive each for kirana stores to manage orders and inventory https://ift.tt/2YxK2D8 https://ift.tt/eA8V8J

Bullish Amazon, Flipkart to lease 3 million sq ft of warehousing

E-commerce majors expect demand to surge after the crisis ends and will have new facilities by the year end as they expand their footprint in India https://ift.tt/3c49Yue https://ift.tt/eA8V8J

Cryptocurrency exchanges approach RBI seeking clarity on status and taxability

The crypto exchanges have written to RBI and sought clarity on their status as lenders continue to deny banking services to them due to a lack of clear instructions from the regulator. https://ift.tt/2SwQ03f https://ift.tt/eA8V8J

Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit.

Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in the top Indian telecom operator Jio Platforms, giving it a valuation of $65 billion.

Reliance Jio, which began its commercial operation in the second half of 2016, upended the local telecom market by offering bulk of 4G data and voice calls for six months to users at no charge. Jio Platforms, a subsidiary of Reliance Industries (India’s most valuable firm by market value), has amassed 388 million subscribers in the period, becoming the nation’s top telecom operator.

“Jio Platforms is one of the world’s most remarkable companies, led by an incredibly strong and entrepreneurial management team who are driving and actualizing a courageous vision. They have brought extraordinary engineering capabilities to bear on bringing the power of low-cost digital services to a mass consumer and small businesses population. The market potential they are addressing is enormous, and we are honored and pleased to have been invited to partner with Mukesh Ambani and the team at Reliance and Jio to help further the Jio mission,” said Egon Durban, co-chief executive and managing partner at Silver Lake, in a statement.

In a statement, Mukesh Ambani, who oversees Reliance Industries, said, “Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. Silver Lake is one of the most respected voices in technology and finance. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation.”

In the company’s earnings call last week, Ambani said several firms had expressed interest in buying a stake in Jio Platforms.
More to follow…