Google hit with 150 million euro French fine for cookie breaches Business 

Google hit with 150 million euro French fine for cookie breaches

France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same reason, the CNIL said. “The CNIL has found that the facebook.com, google.fr and youtube.com websites do not allow to refuse cookies as easily as it is to accept them”, the watchdog said in a statement, also citing Google’s video-streaming platform. The authority said the two companies had three months to…

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Apple puts India iPhone maker Foxconn on probation for labour violations Business 

Apple puts India iPhone maker Foxconn on probation for labour violations

Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. The factory, located in Sriperumbudur on the outskirts of Chennai, was shut down after the protests and will resume operations once “necessary improvements” are made. Apple’s key assembly partner has grappled with labor issues in the past, particularly in China, where…

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Ola's dream of world's biggest e-scooter factory hits hurdle Business 

Ola’s dream of world’s biggest e-scooter factory hits hurdle

By Administrator_India Capital Sands Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends. But beyond the colorful proceedings, Ola isn’t living up to its lofty ambitions. Mass production of its e-scooters is likely to be pushed back until at least January, according to people familiar with its…

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Business 

AstraZeneca Pharma India gets DCGI nod to import

By Administrator_ India Capital Sands Drug firm AstraZeneca Pharma India said it has received import and market permission from the Indian drug regulator for Selumetinib capsules. The company has received the import and market permission in Form CT-20 from the Drugs Controller General of India for Selumetinib 10 mg & 25 mg capsules, AstraZeneca Pharma India said in a regulatory filing. The receipt of this permission paves way for the launch of Selumetinib 10 mg & 25 mg capsules in India, subject to the receipt of related statutory approvals and licenses, it…

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Business 

Life insurers report 3% YoY growth in new business premiums in August

By Administrator_ India Capital Sands After witnessing a double-digit contraction in new business premium (NBP) in July, life insurers are back in the green again, witnessing a marginal year-on-year (YoY) growth of 3 percent in NBP in August, owing to a strong performance by the private insurers. In July, life insurers reported an 11 percent YoY drop in NBP while in June they managed to report a 7.53 percent increase in NBP, following a dip in May due to the second wave of the pandemic. The life insurance industry reported NBP to the tune of Rs…

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Business 

Gold imports nearly double in August as prices dip ahead of festivals

By Administrator_ India Capital Sands India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted jewelers to ramp up purchases for the festive season, a government source said. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 12% from an all-time high of $2,072 in August 2020. The surge in imports could increase India’s trade deficit and pressure the rupee. India imported 121 tonnes of gold in August, compared to…

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Business 

Infosys becomes 4th Indian company to touch $100 bn market capitalization

By Administrator_ India Capital Sands Infosys on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of TCS, Reliance Industries, and HDFC Bank for crossing the $100 billion mark in terms of market capitalization. The milestone was achieved during the morning trade when the scrip was trading at its 52-week high value of Rs 1,755.6 on the BSE, which took them-cap to Rs 7. 47 trillion or $100.78 billion. However, during the close of the trading session, it pared the…

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Business 

Cryptocurrency Prices : Bitcoin over $49,000, Ether, Dogecoin plunge

By Administrator_ India Capital Sands Cryptocurrency prices continue to be in the red on August 23. The global cryptocurrency market cap is $2.13 trillion, a 1.37 percent increase over the last day, while the total crypto market volume over the last 24 hours is $93.71 billion, which makes a 13.09 percent decrease. The volume of all stable coins is now $72.90 billion – 77.79 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently $49,919.25 and its dominance is currently 44.09 percent, an increase of 0.07 percent over…

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Business 

IndiGo says will resume flights to UAE from August 20

By Administrator_ India Capital Sands InterGlobe Aviation Ltd-run IndiGo will resume flight services to the United Arab Emirates from 0130 am on August 20, the airline said in a press release on August 19, hours after it said that operations to UAE stood canceled till August 24. On the morning of August 19, the UAE government had banned IndiGo from operating flights for a week after many passengers did not undergo the mandatory RT-PCR test at the departure airport. IndiGo confirmed the development, saying that due to operational issues, all its…

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Business 

IndiGo to launch IATA Travel Pass for international travel

By Administrator_ India Capital Sands IndiGo has partnered with International Air Transport Association to launch a pilot project for IATA Travel Pass, which will enable passengers to create a ‘digital passport’ to verify their pre-travel test or vaccination status to meet the SOPs of the destination. The IATA Travel Pass will be a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 tests or vaccines. The pilot project will begin in the country on August 20. The passengers will be able…

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