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The world over, central banks and the governments are against private digital currency because currency issuance is a sovereign function and it has to be done by the sovereign, said RBI governor Shaktikanta Das. (Photo: File)
No way privately-issued digital currencies can be allowed: RBI Gov Das
05 Dec 2019 5:46 PM

The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.

Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected.
Facebook messaging apps getting unified payment system
13 Nov 2019 11:12 AM

The unified service will begin rolling out in US this week for fundraisers, in-game purchases, event tickets, and person-to-person payments.

Terming India as a "huge market" for Facebook and its group companies, Nick Clegg said the US tech giant is "keen to make progress" on rolling out its payments services on WhatsApp.
Facebook global exec meets IT minister, discusses cross-border data flows
13 Sep 2019 3:00 PM

Facebook's Nick Clegg said data-sharing across jurisdictions is more important than where that info is located physically.

"There are many in India and around the world who think of data as the new oil — and that, like oil having a great reserve of it held within your national boundaries, will lead to surefire prosperity.
Facebook urges India to share data, not hoard it
13 Sep 2019 2:01 AM

Facebook counters Ambani, says ‘data is not new oil’.

Facebook's journalists will be curating stories from news sites and won't be editing headlines or writing content.
What does Facebook's plan to hire journalists mean for media industry?
22 Aug 2019 1:56 PM

Stories will appear in a section called the 'news tab,' which will be separate from the traditional news feed.

Facebook Inc is resisting the state's suggestion on grounds that sharing of 12-digit Aadhaar number, the Biometric Unique Identity, would violate privacy policy of users. (Photo: ANI)
Linking of user profile with Aadhaar: SC agrees to hear Facebook's plea
20 Aug 2019 12:49 PM

The top court issued notice to the Centre, Google, Twitter, YouTube and others and sought their response by Sept 13.

Meesho has built a network of more than 2 million sellers across 700 towns in India and created a disruptive distribution channel for 15,000 suppliers in traditional manufacturing hubs.
Indian e-commerce platform Meesho raises USD 125 million in Naspers-led funding
12 Aug 2019 3:32 PM

The company has a mission to create 20 million entrepreneurs by 2020.

Facebook agreed to all this in order to settle Federal Trade Commission (FTC) charges that the company violated a 2012 FTC order by deceiving users about their ability to control the privacy of their personal information. (Representational Image)
Facebook agrees to pay USD 5 billion penalty for privacy violations
25 Jul 2019 12:16 PM

In addition to paying the penalty, Facebook has agreed to new restrictions and a modified corporate structure.

In a split decision by the FTC, two members said the penalty was insufficient. (Photo: File | AP)
US imposes record USD 5 bn fine, restrictions on Facebook in privacy probe
24 Jul 2019 7:24 PM

Federal Trade Commission said the penalty was the largest ever imposed on any company for violating consumers' privacy.

The deal, which follows a lengthy investigation by the Federal Trade Commission (FTC), allows Facebook to avoid prosecution for its data protection lapses. (Photo: File | ANI)
Is a USD 5 billion fine the least painful part of Facebook's settlement?
24 Jul 2019 2:46 PM

The real question, remains what type of restrictions and requirements will be placed on FB to ensure future compliance.

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