business

Apple must sell locally-sourced goods to sell iPhones in India

Apple must sell locally-sourced goods to sell iPhones in India

China and India are today considered to be the largest and fastest growing smartphone markets outside the US, but both have their own quirks that are preventing Apple from gaining a solid foothold. While China's restrictive regime and censorship has Cupertino's digital content services in limbo, India's economical policies are proving to be a stumbling block to selling iPhones and iPads directly. A senior government official revealed that Apple, like other foreign companies, must sell at least 30% locally sourced goods if it wants to set up shop in India.

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Apple rehires top encryption pro Jon Callas as gov seeks data

Apple rehires top encryption pro Jon Callas as gov seeks data

Apple has rehired Jon Callas (again), the man who helped found Blackphone, Silent Circle, and PGP Corp. Callas previously designed an encryption system for Apple, having first worked for the company in the 90s, and later on from 2009 to 2011. Though Apple has confirmed that it rehired Callas in May, it has not revealed specifics about what he’ll be doing with the company, though it’ll no doubt be part of Apple’s efforts to further bolster its encryption.

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Facebook publishes letter to Sen. Thune over Trending bias accusations

Facebook publishes letter to Sen. Thune over Trending bias accusations

Remember the hoopla around Facebook’s alleged ‘Trending’ section news bias, something that arose from a report citing anonymous sources? Facebook has since published its editorial process concerning the section, and even talked with conservatives including Glenn Beck, who recently stated that he felt the social network was being honest. Before all of this, though, Republican Senator John Thune fired off an upset letter demanding answers from Facebook; this week, the social network has responded.

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Data Caps are coming, here’s what you need to know

Data Caps are coming, here’s what you need to know

Remember when you had to pay for the number of text messages that you were allowed to send and receive each month? It seemed pretty absurd at the time, especially when you consider just how little data is actually transmitted for each message. But the price wasn't there to offset the cost of transmitting each text message. Instead it was used as a way for the phone companies to earn additional revenue while driving down the cost of their most basic plans.

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Toyota tests the waters with a small investment in Uber car leasing

Toyota tests the waters with a small investment in Uber car leasing

Toyota has made a small, easy-to-escape-from investment into ridesharing company Uber, according to a new report, and the investment will in some way see Uber expanding its auto leasing program in collaboration with Toyota. Details are sparse at this point, as both companies have declined stating how much of an investment the auto maker has made. One Toyota spokesperson, however, has described the collaboration as being a 'pilot project' of sorts.

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Amazon ditches price drop refund policy for most products

Amazon ditches price drop refund policy for most products

There are a handful of cool features and customer focused policies at Amazon that have made the company what it is today. One of those policies has always been refunding customers the difference if a product they purchased gets cheaper after they pull the trigger. All a customer had to do was call customer service and let them know the price had been reduced and a refund was granted.

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Lyft tests out scheduled rides up to 24 hours in advance

Lyft tests out scheduled rides up to 24 hours in advance

Ride sharing services have become increasingly popular over the last year or so. If I'm traveling in a city without a car of my own, I've stopped using taxis altogether. They're cheaper, and you can get them on-demand. But what about when you're trying to plan out your day, and you really want your car to get there at the exact time you want it? Soon you'll be able to do exactly that, with Lyft.

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Fitbit’s Coin acquisition paves way for fitness band mobile payments

Fitbit’s Coin acquisition paves way for fitness band mobile payments

Coin, a four-year-old company that has developed technology for making mobile payments, was acquired by Fitbit this week. The acquisition will give Fitbit access to Coin’s intellectual property pertaining to its wearables payment platform, and will also bring some of Coin’s ‘key personnel’ to Fitbit. The deal spells the end to Coin’s payment products, but opens the door to mobile payments for Fitbit’s own customer base.

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IMAX virtual reality movie theaters are coming this year

IMAX virtual reality movie theaters are coming this year

IMAX, the company behind the technology used in those really big movie theater screens that certain films play on, has plans to give virtual reality a similar theater-going experience. Before the end of the year, IMAX will open six locations to host "VR experiences" that go above and beyond what consumers can get at home, reports the Wall Street Journal. These experiences will held in places like movie theaters and malls, starting with Los Angeles and eventually heading to China.

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Apple dev office opens doors in Hyderabad

Apple dev office opens doors in Hyderabad

Apple has announced the opening of a new development office in Hyderabad, India. This new office was opened to focus on the development of maps for Apple products like the iPhone, iPad, Mac, and Apple watch. The opening of the new development office will create up to 4000 jobs in according to Apple.

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DAO organization raises $100m, without CEOs, managers

DAO organization raises $100m, without CEOs, managers

Every employee, at one point in time or another, probably dreamed of working in a company where no one is the boss. While there are indeed some small businesses, especially startups, that follow that culture, every organization has leaders, managers, board members, and what not. Not DAO. Short for "Decentralized Autonomous Organization", the very name itself signifies that it has no such overlords. Instead, everything DAO does is determined through "contracts" and computer code. And despite that somewhat nebulous description, DAO has already managed to raise more than $100 million from investors. At least the real world eqiuvalent of virtual money.

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MCX postpones CurrentC mobile payment, lays off 30 employees

MCX postpones CurrentC mobile payment, lays off 30 employees

Did MCX, short for the Merchant Customer Exchange, bite off more than it can chew when it proudly revealed CurrentC to take on the likes of Apple Pay and Android Pay? Perhaps that is the case. Or maybe MCX finally understood the writing that has been on the wall ever since it announced its mobile payment system back way back in 2014. Now the consortium has announced that it is postponing the rollout of CurrentC and, as a side effect, is letting go of 30 of its staff.

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