Traders body demands scrutiny of proposed Flipkart-Walmart $12b deal

Traders body demands scrutiny of proposed Flipkart-Walmart $12b deal

Traders’ body CAIT on Sunday demanded scrutiny of the proposed USD 12-billion Flipkart-Walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector. It is really unfortunate that in spite of having a clear FDI policy, foreign companies are finding an escape route, whether it is in retail or e-commerce, Confederation of All India Traders (CAIT) said in a statement. The traders’ body took a strong objection to the Walmart-Flipkart deal and demanded the government to form a regulatory authority for e-commerce and till the authority is…

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Apple SVP Craig Federighi Calls FBI’s iPhone Demands ‘Disappointing’

Apple SVP Craig Federighi Calls FBI’s iPhone Demands ‘Disappointing’

Craig Federighi, Apple’s Senior Vice President says that law enforcement wants his company to roll back the security standard of the iOS mobile operating system to intentionally make it less secure. Strongly disagreeing with law enforcement’s stance on the matter, Federighi has pushed the company’s view forward and explained why it matters. Federighi in an opinion piece on the Washington Post noted that Manhattan District Attorney Cyrus Vance’s has proposed that Apple should revert the security sophistication on its mobile operating system to iOS 7, the software version that was…

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