Reuters Technology Report: India's Flipkart unit Myntra and Jabong CEO steps down

Click to View in Browser Monday, January 14, 2019 India's Flipkart unit Myntra and Jabong CEO steps down The chief executive officer of Myntra and Jabong, a unit of Walmart Inc-owned Flipkart, Ananth Narayanan, has left the company to pursue external opportunities, Myntra said on Monday. India's electric vehicle goals being realized on two wheels, not four Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in the western Indian state of Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country's goal of electrification of its vehicles. India's top court seeks govt response on plans to snoop on citizens' computers India's Supreme Court on Monday asked the government to respond in six weeks on pleas challenging a recent home ministry order that allowed some agencies to monitor personal computers of citizens. Fintech firms want to shake up banking, and that worries the Fed The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. Samsung to launch India-first smartphones to counter Chinese rivals Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi in the world's second-biggest mobile phone market. German antitrust watchdog to act against Facebook: report Germany's antitrust watchdog plans to order Facebook to stop gathering some user data, a newspaper reported on Sunday. SpaceX to lay off 10 percent of workforce Elon Musk's rocket company SpaceX will reduce its workforce by about 10 percent of the company's more than 6,000 employees, it said on Friday. India's online sellers to appeal against competition commission's Flipkart ruling A group representing online sellers in India will appeal against the Competition Commision of India's (CCI's) ruling in favour of Walmart-owned Flipkart, the group's lawyer Chanakya Basa said in a release on Saturday. Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO Qualcomm sought to become the sole supplier of modem chips for Apple's iPhone to recoup a $1-billion "incentive payment" that Apple insisted on, not to block rivals from the market, Qualcomm's chief executive testified on Friday. Huawei Canada executive leaves post as scrutiny of company grows One of Huawei Canada's top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies. Related Video Wheelchair powered without hands debuts at CES Backpack-wearing bees helping entomologists gather data Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook