Morning Tidings

Tag: pact

  • Microsoft & Google End Their Six-Year-Old Truce Pact, Here’s Why

    Microsoft & Google End Their Six-Year-Old Truce Pact, Here’s Why

    New Delhi: Microsoft and Google have reportedly ended a six-year truce on legal battles, to prevent open warfare between the two tech giants. The two companies reached an unusual pact in 2015 to end a running legal battle, forged soon after Sundar Pichai became the CEO of Google and Satya Nadella as CEO of Microsoft. Google Messages to Soon Auto-Delete OTPs & Sort Messages Into Categories in India.

    According to Financial Times, ending the six-year truce will pave the way “for direct conflict as regulators take aim at barriers to competition among the leading US technology groups”. The pact has expired in the middle of April and the two sides decided not to renew it, the report said, citing sources.

    The gloves appear to be off once again between Microsoft and Google. Earlier this year, Google criticised Microsoft for trying to “break the way the open web works” and Microsoft publicly supported a law in Australia that forced Google to pay news publishers for their content. Microsoft also slammed Google’s control of the ad market.

    “The decision to let it lapse came as regulators around the world seek to challenge practices that may have entrenched the leading tech companies and prevented more open competition,” the report mentioned.

    In one of its most dirty tricks, Microsoft allegedly ran a series of attack ads called “Scroogled” that accused Google’s privacy policies. The pact between Microsoft and Google was supposed to improve cooperation between the two companies but it did not work out that way. Microsoft has turned to Amazon instead to get Android apps running on Windows 11.

    (The above story first appeared on Morning Tidings on Jul 01, 2021 11:35 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Infosys in BPM pact with ArcelorMittal

    Infosys in BPM pact with ArcelorMittal

    Infosys has entered into a strategic partnership with steel and mining company ArcelorMittal to enable next generation application management and business process management (BPM) services for subsequent European operations.

    The technology firm said in a regulatory filing that according to the engagement, Infosys will work with ArcelorMittal Europe, sharing best practices around next-generation application management services to optimize, stabilize and transform the customer’s IT landscape.

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  • SBI signs $ 1-bn loan pact with Japanese bank

    SBI signs $ 1-bn loan pact with Japanese bank

    The State Bank of India (SBI) has signed a loan agreement of up to $ 1 billion for International Cooperation (JBB) with the Japanese bank. The purpose of the loan is to promote smooth flow of funds for the entire range of business operations of Japanese automobile manufacturers in India. The public sector lender signed a similar agreement with JBIC in October 2020.

    “The Kovid-19 crisis has affected global trade, production lines and affected global demand. At a time when people are preferring private modes of transportation, this collaboration between SBI and JBIC will help the bank provide credit facilities for the entire supply chain of the Japanese automobile industry, including suppliers, dealers and ultimately end users. SBI Chairman Dinesh Khara said.