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AUSTRALIA TECH GIANTS
ED's Parimatch heat reaches Zepto; SPC's India deeptech pushZepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.- Australia's lower house passes bill for biggest overhaul of taxes in decadesAustralia's parliament has approved a major tax reform. The government is curbing tax breaks for property investors to boost housing afford...
- Meta lashes Australia's bid to make tech giants pay for newsTech giant Meta on Thursday attacked Australia's "grossly unfair" bid to make social media companies pay for news, saying it is vehemently ...
- View: US-India relations need more than Trump calls and warm wordsMarco Rubio's visit aimed to mend US-India ties, emphasizing strategic importance amid political challenges. While progress was noted in ar...
- AirTrunk to invest $21 billion in India data centreAirTrunk, backed by Blackstone, will invest over $21 billion in a new data centre in Maharashtra's Raigad Penn Growth Centre. This facility...
- UN says protecting children online an 'urgent priority'The United Nations is demanding tech companies prioritize child safety on their platforms. Officials state that business practices and desi...
- Australian court upholds $465,000 fine against Elon Musk's XAn Australian federal court upheld on Thursday a fine against Elon Musk's X for failing to comply with child internet safety regulations, c...
- Google seriously considering manufacturing AI servers in India: Minister Ashwini VaishnawGoogle is seriously considering manufacturing AI servers in India, according to IT Minister Ashwini Vaishnaw, who noted HP has already begu...
- The alchemist of Bengaluru: Kiran Mazumdar-Shaw began from a garageKiran Mazumdar-Shaw has named her niece Claire Mazumdar as successor, setting up a gradual leadership transition at Biocon. A pioneer who b...
- No 'meaningful' shift from social media sites after Australia teen banDespite Australia’s recent legislation prohibiting social media access for those under 16, user habits remain largely unchanged, as indicat...
- GIFT Nifty trades lower, hints at a weak start for Dalal StreetIndian markets opened firm on Wednesday, buoyed by global cues and easing geopolitical tensions. However, gains were capped by surging crud...
- EU finds Meta failing to keep under-13s off Facebook, InstagramThe European Union has accused Meta of not effectively preventing users under 13 from accessing Facebook and Instagram, which could lead to...
- Australia to charge Big Tech companies 2% levy unless they strike local news dealsAustralia is gearing up to implement a groundbreaking levy on major tech giants. If platforms like Meta, Google, and TikTok fail to compens...
- After layoffs, Microsoft targets 7% of US workforce for buyouts - who’s affected?Microsoft is offering voluntary retirement buyouts to approximately 7% of its U.S. workforce for the first time in its 51-year history. Thi...
- Microsoft bets big on AI in Australia with $18 billion investmentMicrosoft is injecting $17.9 billion into Australia by 2029, significantly boosting AI and cloud computing. This major investment aims to e...
- SpaceX tries to woo Wall Street with three-day analyst meeting this week, sources saySpaceX is preparing for a historic Initial Public Offering. The company is hosting analysts this week for briefings at its Texas launch fac...
- Australia investigates tech giants over social media ban complianceUnder the Australian law, platforms face a fine of up to A$49.5 million ($34 million) for noncompliance, and the regulator added on Tuesda...
- Australia plans huge fines if big tech fails to tackle disinformationUnder the proposed legislation, the owners of platforms like Facebook, Google, Twitter, TikTok and podcasting services would face penalties...
- Australia demands Apple, Meta, Microsoft share anti-abuse steps, threatens finesThe threat underscores Australia's hardline approach to regulating Big Tech firms like Meta, Apple and Microsoft since 2021.
- Google to pay $42.7 million in penalties for misleading users: Australian watchdogEarlier this year, Google was ordered to pay $34 million to Russia for breaching anti-competitive rules.
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