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Mercedes aims to be among top two players to scale autonomous tech: reports
Posted on 7th January 2019
Mercedes-Benz’s is not aiming to be the first manufacturer to develop a self-driving car but it wants to be among the first two players able to scale up the technology, Mercedes-Benz executive Christoph Schroeder told German paper Welt am Sonntag.

Carmakers and tech companies like Uber, Google, General Motors, Volkswagen are vying to roll out robotaxi services for paying customers as a way to enter the ride-hailing business.

Google’s Waymo division has completed the most test miles with prototype vehicles, leading rivals including Volkswagen to acknowledge that Waymo is ahead of the pack in terms of developing a prototype.

Mercedes-Benz, which is owned by German car and truck maker Daimler is undeterred by Waymo’s progress.

“We need to be among the top two competitors who are in a position to scale up the technology and bring it into series production,” Schroeder told the paper.

Related Companies: Mercedes Benz India Limited   

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Amazon to close its online biz in China: Report
Posted on 23rd April 2019
Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon's exit from e-commerce business would be the end of the company's 15 years of journey into the China market.


Microsoft employees decry Jack Ma backed '996' Chinese work culture
Posted on 23rd April 2019
San Francisco: A group of Microsoft employees has come forward to support Chinese tech workers on the gruelling '996' culture, writing a petition in defence of a trending GitHub repository that is being censored in China.

In a letter written on web-hosting service Github, owned by Microsoft, the employees have asked the company to keep the "996.ICU" GitHub repository uncensored, The Verge reported on Monday.


Bitcoin prices surge to a six-month high, after 35% gain this month
Posted on 23rd April 2019
Bitcoin prices jumped today to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play.

Bitcoin, the biggest virtual coin, climbed as much as 4.5% in early trading to top $5,600 briefly, touching its highest since November 18.


Vicks, Gillette, Pantene maker P&G found guilty under GST anti-profiteering
Posted on 23rd April 2019
The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices. Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 per cent from 28 per cent.

Paytm takes cue from Alibaba, launches credit score check facility for app users
Posted on 23rd April 2019
Digital payments company Paytm has now enabled users to check their credit scores on its mobile app. Users can access the service by clicking on ‘My Credit Score’ under their user profile section. Paytm-backer Alibaba’s financial services affiliate Ant Financial had launched a similar service called Sesame Credit in January 2015 for individual credit scores of customers and small business owners.

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