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The Select Committee on 5G deployment roadmap has estimated a budgetary support of around Rs 1,600 crore from the Central government in the first four years of its rollout in the country.

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Singapore's Golden Gate Ventures launches $10 million cryptocurrency fund

Singapore-based venture capital firm Golden Gate Ventures said on Friday it will launch a $10 million fund to invest in cryptocurrency and blockchain technology startups.

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China pulls approval for Facebook's planned venture

China has withdrawn its approval for Facebook Inc's plan to open a new venture in the eastern province of Zhejiang, the New York Times reported on Wednesday, citing a person familiar with the matter.

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Is Musk now planning to enter smartphone business? Leaks show Tesla-branded smartphone design

Tesla is now eyeing a spot in the smartphone market, after carving a niche in premium electric cars and attempting space exploration with SpaceX projects, as per a leak.

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India central bank raises policy rate, maintains 'neutral' stance

India's central bank on Wednesday raised its policy rate for the first time in more than four years, due to inflation concerns, but kept its policy stance as "neutral".

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Microsoft embraces collaboration in $7.5 billion deal for GitHub

Microsoft is paying $7.5 billion for the popular coder hangout GitHub as the maker of Windows further embraces the types of open-source projects it used to shun.

CEO Satya Nadella said the all-stock deal pairs Microsoft with the "world's leading software development platform,'' a destination where developers around the world go to share and review each other's code.

As Microsoft built its business on proprietary software such as the Windows operating system, it came to be seen as an antagonist to the open-source philosophy of free software written by a collaborative community of developers. The company has been working for years to shed that reputation, especially after Nadella took over in 2014.

"Developers will be at the center of solving the world's most pressing challenges,'' Nadella said in a blog post Monday. "However, the real power comes when every developer can create together, collaborate, share code and build on each other's work.''

This is not the first time Microsoft has bought into a community. Its biggest-ever deal was its $27 billion acquisition of LinkedIn in 2016.

GitHub, a San Francisco startup, was founded in 2008 and has grown sharply since announcing its first outside investment in 2012. It now counts about 28 million software developers around the world who use it to share code and build businesses. Microsoft said GitHub will retain its "developer-first ethos,'' operate independently and remain an open platform. The deal is expected to close this year.

It's free to use GitHub for open-source projects, but some developers and businesses pay a monthly fee to access private code repositories and other services. Nadella said developers can still use whatever programming languages and operating systems they choose for their projects.

GitHub's co-founder and current CEO, Chris Wanstrath, will join Microsoft as a technical fellow to work on software initiatives. Wanstrath will be replaced as CEO by Nat Friedman, the former CEO of Xamarin, which Microsoft acquired in 2016.

Wanstrath said in a blog post Monday that he could never have imagined this deal a decade ago, when "Git was a powerful but niche tool, clouds were just things in the sky, and Microsoft was a very different company.'' Now, he said, "Microsoft is the most active organization on GitHub in the world.''

Moody's analyst Richard Lane said the deal reflects Microsoft's "ongoing pivot to open source software, seeking to further broaden its large and growing development community.'' It also reflects the increasing importance of cloud computing software and the development of internet-connected devices, Lane said.

The deal sparked some fears in the GitHub community that Microsoft's corporate takeover could ruin the experience. Some developers say they are planning to look for alternatives. But Julie Lerman, a GitHub user who works as a Microsoft liaison with freelance developers, cautiously welcomed the partnership.

"It's a logical and rational step for Microsoft,'' she said. ``GitHub has been looking for leadership and help for a while now. Microsoft has already made a huge investment in GitHub with so much of their development platform and tooling and even their docs on GitHub. They are in a position to help GitHub.''

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AirAsia India head Amar Abrol quits; to move back to parent co in Malaysia to work on strategic projects

Low-cost carrier AirAsia India on Wednesday announced the exit of Amar Abrol its MD & CEO, making him the second top-rung official to deboard the carrier in a little over two years.

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Economy slows as consumer spending hits the skids

The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus.

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NASA Invests in 25 New Technologies For Space Exploration Missions

These proposals have been selected under the Phase I of the "The NASA Innovative Advanced Concepts (NIAC) Program".

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SAIL organizing interactive workshop for promoting use of structural

In its journey to acquaint increasing number of people with various steel usages for eventually boosting domestic steel consumption, Steel Authority of India Ltd.

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Dropbox IPO points to value around $7.5bn

Dropbox is set to be valued at between $7bn and $7.9bn in its initial public offering this month, significantly below the $10bn that made it one of the tech industry’s highest valued businesses as a private company.

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CBEC to start camps from Thursday to facilitate GST refunds to exporters

To ease exporters' GST refund woes, revenue authorities will set up camps across the country for a fortnight beginning March 15, CBEC Chairperson Vanaja Sarna said. 

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