Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal

Reliance Industries and two of its compliance officers were fined for violating fair disclosure norms during Facebook’s 2020 investment in its digital unit in 2020. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares.Read…

Tencent Said to Form ‘Extended Reality’ Unit, Steps Into Metaverse World

China’s Tencent has reportedly announced to its staff on Monday about the official formation of an ‘extended reality’ (XR) unit, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended reality business for Tencent including both software and hardware, the sources said.Read More

Speed Racer Live-Action Series Coming to Apple TV+, With J.J. Abrams as Executive Producer: Report

Speed Racer is coming to Apple TV+ as a series, according to a new report. The series will be executive produced by J.J. Abrams, and will be produced by Warner Bros. Television and Abrams’ Bad Robot Productions. Ron Fitzgerald and Hiram Martinez are writers and executive producers on the show. The original manga and anime…

WhatsApp to Warn Businesses Violating its Commerce Policy, Developing New ‘Kept’ Messages Section: Report

WhatsApp is working on a feature to warn business that are in violation of its Commerce Policy, according to a feature tracker. The company’s policy for businesses was updated in 2021 with details of goods and services that are banned on the platform. Meanwhile, WhatsApp has also been spotted working on a section for users…