Intel CEO quits after probe into relationship with employee

Intel Corp on Thursday said Chief Executive Officer (CEO) Brian Krzanich has resigned, effective immediately, after a probe revealed that a past consensual relationship with an Intel employee violated company policy. “An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” the company said in a statement. The board […]

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Chennai-based developer’s app “Calzy 3” wins Apple design award

A Chennai-based developer has won a design award for his app “Calzy 3” at the Apple’s Worldwide Developers Conference (WWDC) 2018. Developed by Raja Vijayaraman, “Calzy 3” is a highly customisable calculator that uses iOS technologies to offer features like Multitasking, Face ID and Touch ID. “This helps privately viewed saved history and bookmarks, Drag & Drop to share results […]

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Walmart buys 77% stake in Flipkart

Walmart Inc has agreed to pay $16 billion for a roughly 77% stake in online shopping site Flipkart, the U.S. retailer’s biggest foreign investment ever as it battles rival Amazon in one of the world’s biggest emerging markets. The remainder of the business will be held by some of Flipkart’s existing shareholders, including Flipkart co-founder Binny Bansal, China’s Tencent Holdings […]

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WhatsApp CEO Jan Koum to leave Facebook amid privacy flap

WhatsApp CEO Jan Koum is breaking ties with his company’s parent, Facebook, amid a privacy scandal that has dogged the social network for weeks. Mr. Koum confirmed his departure from WhatsApp on Monday on his Facebook page. The Washington Post reported that Mr. Koum also plans to resign from Facebook’s board of directors. Facebook wouldn’t comment on that report. Facebook […]

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