BILLION Archive

IT spend to touch $94 billion in 2020 on wings of software

BENGALURU: In a forecast, the IT researcher Gartner on Monday said overall IT spending in India would grow 6.6% to reach $94 billion in 2020, from $88.5 billion in 2019. This growth would primarily be driven by spending in software. India’s domestic technology services market, however, is expected to delay in

India software market to touch $6.1 billion in 2019, says International Data Corporation

The Indian software market is expected to grow at a year-on-year (YoY) rate of 13.7 percent and touch $6.1 billion by the end of 2019, a report by the International Data Corporation (IDC) said on Thursday. According to the IDC’s “Asia Pacific Semiannual Software Tracker” (excluding Japan),

EU may fine Google $11 billion in second anti-trust case

The European Commission is geared up to fine Google in a second anti-trust case of abusing its dominance via Android mobile operating system, that could lead up to $11 billion in penalty, the media reported. According to a report in The Financial Times on Wednesday, EU’s Competition Commissioner Margrethe Vestager is set to

Xiaomi Said to Seek June 7 Listing Hearing for $10 Billion IPO

Xiaomi Corp. aims to seek formal Hong Kong stock exchange approval on June 7 for an initial public offering that could raise about $10 billion, people with knowledge of the matter said. The Beijing-based smartphone maker hopes to price the share sale late next month if its application is

Flipkart Phone Billion Capture+ Goes on Sale at Starting Price of Rs. 10,999; Launch Offers Detailed

HIGHLIGHTS Billion Capture+ comes in two variants, priced at Rs. 10,999 & Rs. 12,999 The Flipkart phone was launched last week It features dual rear cameras and comes with free cloud storage Billion Capture+, the first smartphone from Flipkart-owned brand Billion, went on sale at 12am IST

More Than 1 Billion Smartphones Will Ship With Fingerprint Scanner Next Year: Counterpoint

HIGHLIGHTS Fingerprint sensor is quickly becoming a common feature in smartphones Next year, the vast majority of smartphones are expected to ship with it Chinese phone makers are bringing fingerprint sensors to low-cost phones Fingerprint scanners, a feature that was introduced only four years ago, will be

Google Offered to Buy Snapchat Parent for $30 Billion: Report

HIGHLIGHTS The offer was part of an informal dialogue between the two companies An offer to the tune of $30 billion continues to be on the table Snap went public in March this year Search engine giant Google had offered $30 billion (roughly Rs. 1,91,044 crores) to buy Snap – the

Broadcom Wi-Fi Chip Flaw Threatens 1 Billion Smartphones, Google and Apple Roll Out Fixes

HIGHLIGHTS The flaw resides in Broadcom Wi-Fi chipsets It could potentially harm 1 billion Android and iOS smartphones Google and Apple have already rolled out a fix for the bug A Broadcom chip flaw found and demoed by Exodus Intelligence’s Nitay Artenstein exposed a potential critical threat

HOW A BUG IN AN OBSCURE CHIP EXPOSED A BILLION SMARTPHONES TO HACKERS

IF YOU HAVEN’T updated your iPhone or Android device lately, do it now. Until very recent patches, a bug in a little-examined Wi-Fi chip would have allowed a hacker to invisibly hack into any one of a billion devices. Yes, billion with a b. A vulnerability that pervasive is rare,