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Local data storage requirements for digital payments and e-commerce sectors are also being planned.

India panel wants localisation of cloud storage data in possible blow to big tech firms

The policy will be the latest in a series of proposals that seek to spur data localisation in India, as the government finalizes an overarching data protection law
Although Samsung regained the title last quarter, it was only by a hair’s breadth - 29 percent market share to Xiaomi’s 28 percent

Samsung trying to reinvent itself amid strong competition in India

Samsung knows it has to pull out the stops in India if it wants to avoid harsh lessons meted out in China. And India is too big a prize to lose - the world’s No. 2 smartphone market with about 400 million users and worth an estimated $20 billion annually.
YouTube already has released a handful of original shows in South Korea and one in India, a talk show in Hindi about cricket.

YouTube to take on Netflix, Amazon Prime Video in India with original programming

YouTube will make original content in the form of multiple genres such as music documentaries, reality series, talk shows and scripted series.
Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday for first of the many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.

Facebook, Zuckerberg sued after stock plunge shocked market

The complaint filed by shareholder James Kacouris accused Facebook, Zuckerberg and chief financial officer David Wehner of making misleading statements about or failing to disclose slowing revenue growth.
Amazon.com's logo is seen at Amazon Japan's office building in Tokyo.

Amazon’s face ID tool wrongly identifies 28 US Congress members as police suspects

American Civil Liberties Union and other civil rights groups have pressured Amazon to stop selling governments access to Rekognition, a powerful image ID software unveiled in 2016 by the company’s cloud-computing division.
Spotify continues to dominate leaving Apple Music behind with 40 million subscribers.

Spotify now has 83 million paid subscribers

Spotify increased its subscriber base by 10% in the first three months this year to reach 83 million from 75 million.
Facebook had cautioned investors to expect a big jump in costs because of efforts to address concerns about poor handling of users’ privacy.

Privacy concerns take toll on Facebook as stock sinks on revenue miss

Facebook’s Q2 earnings showed a share drop of 22% which is said to be the impact of privacy issues hitting the social media platform.
Facebook’s website remains banned in China, which strictly censors foreign news outlets.

Facebook plans innovation hub in China despite tightening censorship

Facebook’s subsidiary is registered in Hangzhou which is the home turf of Chinese e-commerce giant, Alibaba.
Facebook has faced fierce criticism over how it handles political propaganda and misinformation since the 2016 US election.

Facebook using AI to curb fake news ahead of US elections

Facebook is working to counter false information spread on the social media platform to influence users.
The new data storage rules give an advantage to Paytm, which already stores all its data in India.

US firms face off with Paytm in lobbying against data storage rules

The Reserve Bank of India had directed payment firms to store data locally for “unfettered supervisory access” which gives an advantage to local players like Paytm.

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