Apple Watch For Your Kids Rolled Out in India; Allows Parental Controls, School-Time Notification Restrictions

Apple Watch For Your Kids – the family setup experience for children – is now available to users in India. It enables adults to set up cellular Apple Watch models for their children, allowing them to make calls and send messages even if they don’t have an iPhone. Notably, the Cupertino-based technology conglomerate is also marketing … Read more

India Delays Laptops Import Restrictions by Three Months

India will provide a transition period of about three months before a new licensing regime for imports of laptops, tablets, and personal computers comes into effect, the country’s trade regulator said late on Friday. This is a partial reversal from a surprise decision on Thursday to impose the licensing requirement with immediate effect, which had … Read more

Microsoft, US Reach $3 Million Settlement for Over 1,300 Violations of Export Restrictions

The United States and Microsoft reached a settlement on Thursday over the tech firm’s apparent violations of sanctions and export controls, which it disclosed voluntarily, the government and the company said. Microsoft has agreed to remit about $3 million (roughly Rs. 24 crore) to settle its potential civil liability for more than 1,300 apparent sanctions … Read more

Brazil Antitrust Body Rules Apple Must Lift Restrictions on In-App Payments

Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre. Apple in Brazil declined to comment. MercadoLibre did not immediately respond to a request for … Read more

Sony Sees Profit Rise on Music, Films; Says People Playing Less Games as COVID-19 Restrictions Decrease

Sony’s profit edged up 3 percent in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai and a trend away from video gaming as pandemic restrictions eased elsewhere. Tokyo-based Sony’s April-June profit totaled JPY 218 billion (roughly Rs. 12,96,000 crore), up from 212 billion yen a year earlier, the Japanese electronics and entertainment … Read more

US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details

The US Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) revoked crypto-related restrictions that were levied on banks during former President Joe Biden’s administration. The FDIC has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the other hand, stated … Read more