VARINDIA IT MAGAZINE

Mastercard put an end to free trial subscriptions : U.S.-based financial services company Mastercard is changing its rules to putting to an end for merchants using free trials as a ruse to charge for hard-to-cancel recurring subscriptions. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Is AI becoming a threat for junior lawyers? : The jobs of junior lawyers are on threat, as an Australian legal technology company, Smarter Drafter has used Amazon’s Alexa to build a prototype virtual lawyer. It can create legal documents instantly like a real human. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Amul India bringing down Google to Court for Fake Ads … !!! : One of the India's biggest dairy company Amul India is misused by Search advertising campaigns to scam innocent individuals and organisations in the name of brand Amul in India. Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), which owns dairy brand Amul, has sent a legal notice to Google India on fraudulent practices it claims to have found being carried out  by individuals and organizations using the latter's platform. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Truecaller confirms that its Indian user data is hosted in India : To ensure the data of its Indian users remains secured and to provide faster and more reliable services, Truecaller has confirmed that its entire Indian user data is hosted in India. Truecaller is one of the first international tech companies to proactively take the step of storing its Indian users’ data locally in India. This is a user-centric move that is aimed at safeguarding personal data and encouraging more transparency in the ecosystem. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Microsoft aspires to skill 5 lakh people through its big AI push in India : Microsoft is seeking to broaden its AI push in India and thereby aims to skill 5 lakh youth. It will include 10,000 developers in artificial intelligence (AI), for which Microsoft will set up labs in 10 universities. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Larsen & Toubro Infotech acquires Ruletronics : Larsen & Toubro Infotech (LTI) has acquired Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, the USA, and India. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Veeam receives investment of $500 million from Insight Venture Partners : Veeam Software has announced that Insight Venture Partners has invested $500 million with strong participation from strategic investor Canada Pension Plan Investment Board (CPPIB) to accelerate the next phase of Veeam’s growth as the #1 provider of Data Management solutions for the public and private cloud. Veeam will leverage Insight Venture Partners’ internal business strategy arm, Insight Onsite, and capital to accelerate its expansion through both organic growth and M&A activities. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Infor gets $1.5 billion investment from shareholders : Infor has signed an agreement to receive a $1.5 billion investment from shareholders Koch Equity Development, LLC (KED) and Golden Gate Capital. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Amazon is egging Golden Eggs on Internet - the Coconut Shells For Over Rs. 1,200 - EMI available : Are Indians half baked…??? : Have you ever seen the Golden Eggs..Yes it is true for Amazon now. The ecommerce Giant Amazon is now egging Golden Eggs...!!! Making fool...???  No, not at all.  Well, this is coconuts Shells ...'Natural coconut shell cups' !!!  After Kylie Jenner’s Instagram post on a stock image of an egg garnered 26 million likes, a product on Amazon - a coconut shell - has become the netizen’s Internet talk. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Rs 1 crore fine on Bank of Maharashtra : This penalty has been imposed taking into account the failure of the bank to adhere to directions issued by the RBI and non-compliance of the norms of the bank to adhere to directions issued by the RBI, the central bank said in a statement. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Cabinet Oks for the next gen IT-filing system : In a bid to ease out the Income Tax Return (ITR) from taking 63 days long period to just one day after implementation of the project, which is being awarded to the software major Infosys for a cost of Rs. 4,242 crore project. The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Fiserv has inked a mega deal of $22 billion acquisition of all-stock deal to buy First Data to create a payments and fintech behemoth. Under the agreement, First Data shareholders will receive a fixed exchange ratio of 0.303 Fiserv shares for each share of First Data common stock they own. The transaction is expected to close in the second half of the year, subject to shareholder and regulatory approval.   Fiserv shareholders will own 57.5% of the combined company and First Data shareholders 42.5%. Followed by this mega deal announcement, the shares of First Data started soaring more than 20% in pre-market trading, while Fiserv saw a six per cent dip. With this deal signed by the two majors players in the fintech industry, the combination entity will offer a range of payments and financial services, including account processing and digital banking solutions; card issuer processing and network services; e-commerce; integrated payments; and the Clover cloud-based point-of-sale ...