Business & Economics

Biz News: Ambani's Jio Teams Up With Qualcomm To Ready 5G, Amazon To Let Employees Work From Home

BP World Bureau | Oct 21 2020 11:29:29 AM
Image credits: BP creatives

Jio Teams Up With Qualcomm To Ready 5G In India

Jio Platforms Ltd. is working with Qualcomm Inc. to develop 5G solutions and accelerate efforts to bring the high-speed network to India. India has the world's No. 2 mobile market by users.

Indian billionaire Mukesh Ambani's venture said in its statement that they are partnering with Qualcomm Technologies to quickly develop and roll-out of indigenous 5G network infrastructure and services in the country.

But India has yet to auction airwaves for 5G and yet Ambani has been preparing Jio for the fifth-generation wireless service.

Amazon To Let Employees Work-From-Home Till June Next Year

Business giant Amazon.com Inc told employees whose work can be done from home that they can do so until June next year amidst the pandemic and rising number of cases. 

More than 19,000 of its U.S. frontline workers contracted the coronavirus and this statement comes three weeks later. 

Staff, elected officials and unions in recent months have said that Amazon put employees' health at risk by keeping warehouses open amidst the pandemic. 

US Justice Department Sues Google In Anti-Trust Case

The US sued Google for illegally using its market muscle to hobble rivals. 

With this lawsuit by the justice department against the $1 trillion company, it is regarded as the biggest challenge to the power and influence of Big Tech in decades.

Google plays a central role in an internet's user's daily life online, Justice Department lawsuit could lead to the break-up of an iconic company that has become all but synonymous with the internet.

This is the biggest antitrust case in decades, earlier one was the government's prior foray into Big Tech anti-trust - the 1974 case against AT&T - led to the breakup of the Bell System.

Amazon, Flipkart, Myntra To Clock Over $4.8 Billion In Festive Season Sales

The online retailers and e-commerce marketplaces such as Myntra, Amazon, Flipkart, and others have seen a massive shopping surge coming from small-town India and they might see a bigger surge during this festive season. 

During the festive season, the momentum is at an all-time high and the seven-day sales are likely to witness over $4.8 billion (nearly Rs 35,273 crore) in sales.

Satish Meena, a Senior Forecast Analyst at global market research firm Forrester, said that the online platforms see a huge demand.