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Google fined $2.7 bn for manipulating search engine results Google has been handed a record-breaking fine €2.42bn fine by the European Union for abusing its dominance of the search engine market in building its online shopping service. European regulators gave the tech giant 90 days to stop its illegal activities or face fines of up to 5% of the average daily worldwide turnover of parent company Alphabet.
Read more at BBC.


India, Portugal ink 11 pacts to boost bilateral ties India and Portugal today announced a four million euros joint fund to bolster research in science and technology as Prime Minister Narendra Modi held in-depth talks with his Portuguese counterpart on cooperation in areas like counter-terrorism, space and climate studies.
Read more at The Hindu Business Line.


Everyone Looking Forward To Invest In India And About GST Rollout, Says Google CEO Pichai After attending PM Narendra Modi’s CEOs roundtable conference, Google CEO Sunder Pichai said that everyone is excited to invest in India and they are also keeping an eye on the rollout of GST.
Read more at The Hindu.


Former Apple executive Chris Lattner leaves Tesla after 6 months on the job The growth of Reliance Jio subscriber base and its free offering till 2016-17 fourth quarter has led to a 11.7 per cent year-on-year decline (8.5 per cent quarter-on-quarter decline) in industry revenues, a report by Jefferies said here on Wednesday. Incumbents like Bharti Airtel, Vodafone India and Idea Cellular, who began to cut data rates even before Reliance Jio's commercial foray in September 2016, reduced prices further even after the fourth quarter of 2016 in anticipation of losing more subscribers.
Read more at Business Standard.


20 Indian firms in Top 100 companies in Asia 300 Ranking Twenty Indian firms have been named in the top 100 of Nikkei Asian Review's Asia 300 companies list. It is the most powerful and valuable listed companies in Asia. The list was topped by Taiwan’s Largan Precision, the world’s leading maker of lenses for smart phone cameras. Indian IT service provider HCL Technologies came in at the second place, followed by Zee Entertainment Enterprises and Tata Consultancy Services at the third and fourth place respectively.
Read more at Economic Times.


Jack Ma says Alibaba will be world’s 5th largest economy by 2036 After making $2.8 billion overnight, Jack Ma is feeling pretty good about his company, estimating that by 2036, Alibaba will be the world's fifth-largest economy. Speaking to company investors at Alibaba's headquarters in Hangzhou earlier this week, Ma laid out an ambitious vision for the e-commerce giant's future.
Read more at NDTV


Reliance Jio spells big trouble for India’s small telcos Reliance Jio Infocomm Ltd may have trained its guns on large telcos with its unlimited usage plans, but it turns out that small telcos have been hurt much more. Since Jio’s launch, Tata Teleservices Ltd, Reliance Communications Ltd (RCom) and Aircel Ltd have all lost market share.
Read more at Livemint.


7th Pay Commission: Decision on hike in allowances for Central govt employees, today Central government employees' wait for higher HRA and other allowances is likely to get longer, given that the Cabinet is unlikely to take a decision on the issue. Finance Minister Arun Jaitley is on an official visit to South Korea, and therefore the Modi government would most probably defer the issue.
Read more at NDTV.


Snapdeal claims no payment due to sellers on its platform Snapdeal said today that it does not owe money to sellers on its platform, in response to the allegations of a seller group, which sought government intervention to stop Snapdeal’s impending merger with Flipkart until it settles their payment dues. Snapdeal claims that payments to sellers are made six to ten times per month and typically sellers receive the same within three to five days of the sale of their goods and that there are no outstanding amounts due in this regard.
Read more at Thenextweb.


Maruti Suzuki Dzire 2017 launched; priced between Rs 5.45 – 9.4 lakh One of the most consistently high-selling models for the company in the country, bookings for the new Dzire had been opened earlier this month at a token amount of Rs 11,000. The company has said that the response has been strong because of what is on offer.
Read more at The Economics Times.