Vivo India, Related Companies Raided by Enforcement Directorate in Money Laundering Investigation

The Enforcement Directorate raided 44 places across the country on Tuesday, as part of a money-laundering probe against Chinese smartphone maker Vivo and related firms. The searches have been carried out under sections of the Prevention of Money Laundering Act. The agency has also been investigating Chinese handset manufacturer Xiaomi earlier this year.Read More

Samsung Likely to Report 15 Percent YoY Rise in Server Chip Profits, Analysts Say

Samsung Electronics is estimated to report a 15 percent year-on-year rise in profits in the last quarter, thanks to demand for its memory chips from server customers. An average of seven estimates shows that the operating profit for the world’s largest smartphone manufacturer may have jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in…

Samsung Likely to Report 15 Percent YoY Rise in Server Chip Profits, Analysts Say

Samsung Electronics is estimated to report a 15 percent year-on-year rise in profits in the last quarter, thanks to demand for its memory chips from server customers. An average of seven estimates shows that the operating profit for the world’s largest smartphone manufacturer may have jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in…

Samsung Likely to Report 15 Percent YoY Rise in Server Chip Profits, Analysts Say

Samsung Electronics is estimated to report a 15 percent year-on-year rise in profits in the last quarter, thanks to demand for its memory chips from server customers. An average of seven estimates shows that the operating profit for the world’s largest smartphone manufacturer may have jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in…

Social Media Firms Object to Personal Liability of Employees Under IT Rules, Industry Study Says

A majority of social media companies are opposed to the provision under the IT Rules to hold chief compliance officers personally liable for ensuring compliance with the Act and rules. The study revealed that personal liability could lead to increased censorship of content due to concerns of employee safety. Meanwhile, the Ministry of Electronics and…