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The Dollar Business Bureau  Telecommunication conglomerate Verizon concluded the $4.5 billion deal of Yahoo’s takeover on Tuesday, ending the web company’s 21-year history as an independent entity. The deal also brings to an end the  5-year rule of Yahoo’s CEO Marissa Mayer, who is not joining the new company. She will take a compensation package presently worth around $127 million that includes severance pay and stock awards which will be fully conferred with the completion of deal. The properties of Yahoo including its email, finance and Tumblr will be joined with AOL, which Verizon purchased in 2015. The joint corporate entity covering over 50 media, advertising and technology brands will now be called Oath. The new entity will be led by Tim Armstrong, the former ...

The Dollar Business Bureau  Chandrababu Naidu, Chief Minister of Andhra Pradesh, has been selected for the US-India Business Council’s (USIBC) ‘Transformative Chief Minister Award’ for his role in strengthening the partnership between India and the US at the state level. The award would be presented to the Chief Minister on May 8, 2017 during the Annual West Coast Summit of USIBC in the Menlo Park, California, according to a statement. The summit will see an assembly of 150 industry leaders from across sectors including information technology (IT), manufacturing, healthcare, food processing, clean energy, banking, digital payments and officials from the Government of India for exploring the effects of manufacturing in India, the country’s move towards digitisation and cashless society and the future of ...

PTI Silicon Valley's top executives, including India-born CEOs Google's Sundar Pichai and Microsoft's Satya Nadella, condemned President Donald Trump's immigration ban on people from seven Muslim-majority countries, voicing concern that the move could directly hit their own staffers and stop bringing great talent to the US.Executives from Microsoft, Google, Apple, Netflix, Tesla, Facebook, Uber and other top American companies slammed Trump's immigration order that sparked widespread protests across the US.Trump yesterday signed a sweeping executive order to suspend the arrival of refugees and impose tough new controls on travellers from Iran, Iraq, Libya, Somalia, Syria and Yemen, as part of new measures to "keep radical Islamic terrorists" out of America.Condemning the move, Nadella, in a post on LinkedIn, said "As an ...

The Dollar Business Bureau Snap Inc, previously known as Snapchat, is going to set up its international headquarter in the UK, a decision which is seen as a vote of confidence for the Britain following the Brexit. The UK will become the main hub outside the US for the California-based technology company. Snap Inc said that it selected the UK because of the country’s strong creative companies. This is a surprise move from that of the US tech firms that have been favouring low-tax destinations like Luxembourg for Amazon or Apple and Facebook favouring Ireland. Claire Valoti, Snap’s General Manager in UK, said, “Our advertising clients are in the UK, where we have over 10 million daily Snapchatters, and where we have already started the hiring.” Although UK is still in the process to leave EU, ...

The Dollar Business Bureau US President-elect Donald Trump conducted a meeting with a host of high-profile technology leaders of the country during a summit which also had Indian-American Microsoft CEO, Satya Nadella as one of the attendees. "I am here to help you folks do well," said Trump while addressing the group of Silicon Valley CEOs during the meeting. According to his spokesman, it was one of the series of such meetings that Trump conducted with the Silicon Valley’s most powerful executives. The objective of the meeting was to pave way for partnership with these leaders resulting in innovation and generating more jobs in the US, particularly for working Americans. “There is nobody like you in the world. There is nobody like the people ...

PTI Yahoo will be bought by American telecom giant Verizon Communications for nearly $5 billion (about Rs.32,358 crore) in cash, ending a two-decade run as an independent company for the Internet pioneer.Yahoo will be combined with AOL, another faded Internet star that Verizon bought last year. Verizon chief executive Lowell McAdam said this will create "a top global mobile media company, and help accelerate our revenue stream in digital advertising."The acquisition, expected to close in early 2017, pending shareholder and regulatory approval will exclude Yahoo's cash, certain patent holdings, as well as its share in China's Alibaba Group and stake in Yahoo Japan.Yahoo, which was the entry door to the Internet for an early generation of web users, has been coping with years of ...

Sharath Chowdary With the increase in internet usage, online payment systems and rapid development in the telecom sector, the e-commerce business is flourishing globally. India is also witnessing a positive trend with favourable investment climate, incubators and start-ups. But, unfortunately the Small and medium-sized enterprises (SMEs) in the country are not participating actively in this growth story. “The retail showrooms are following the marketing style of online shopping portals and sending message alerts to the customers about their offers. The brick-and-mortar stores are facing pressure from the e-commerce firms. Slowly, the heat will come to SMEs also. Instead of viewing it as a threat, see it as an opportunity. This e-commerce platform provides a gateway to new avenues,” Telangana ITEC Secretary Jayesh Ranjan said. Jayesh Ranjan ...

PTI  Microsoft and Facebook have joined hands to lay a giant state-of-the-art sub-sea cable across the Atlantic Ocean connecting the US with Europe and beyond so as to facilitate faster speed and access to the Internet. The new "MAREA" cable will help meet the growing customer demand for high speed, reliable connections for cloud and online services for Microsoft, Facebook and their customers, a media release said. Construction of the cable will commence in August 2016 with completion expected in October 2017, it said. Microsoft and Facebook are collaborating on this system to accelerate the development of the next-generation of Internet infrastructure and support the explosion of data consumption and rapid growth of their respective cloud and online ...