Google to invest $1 billion to push India’s digitalization – WGN Radio

WGN Radio 720 – Chicago's Very Own
FILE – The logo of Google is displayed on a carpet at the entrance hall of Google France in Paris, Nov. 18, 2019. Google will invest up to $1 billion in partnership with India’s Airtel for providing affordable access to smartphones to over a billion Indians and accelerating the cloud ecosystem for businesses, the two companies said on Friday, Jan. 28, 2022. (AP Photo/Michel Euler, File)
NEW DELHI (AP) — Google will invest up to $1 billion in partnership with India’s Airtel to provide affordable access to smartphones to over a billion Indians and speed up use of cloud-based computing for business, the two companies said on Friday.
The investment will help India’s small businesses adopt digital tools as India works to adopt digital education, payments and e-commerce amid the pandemic, Google said in a blog post.
As part of the “Google for India Digitization Fund” launched in 2020, Google will pay $700 million to acquire a 1.28% stake in Airtel. It is also committing up to $300 million for commercial agreements over the next five years, Airtel said in a statement.
The companies also plan to jointly develop software for 5G and other standards, it said.
Airtel is an Indian global communications solutions provider with over 480 million customers in 17 countries across South Asia and Africa.
Google’s services are accessed by over 100 million users in India. It has faced legal troubles with the Competition Commission of India which said the company has abused the dominant position of its Android system in the Smart TV market segment. Regulators contend that makers of Smart TVs have no alternative to Android and are therefore obliged to install Google’s apps.
Google has denied any violations, saying its licensing practices comply with the law.

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
MILAN (AP) — Moves by carmaker Stellantis to consolidate its position in fast-growing China seemed to be off to a rocky start after one of its joint venture partners said it hadn’t been consulted before an announcement of plans to take a controlling stake.
Stellantis, formed a year ago from the merger of PSA Peugeot with Fiat Chrysler, has less than a 1% share in the 21-million vehicle Chinese market where it inherited two joint ventures. It plans to lay out its strategy March 1, but has offered some hints in announcements this week.
WARSAW, Poland (AP) — High-stakes diplomacy continued on Friday in a bid to avert a war in Eastern Europe. The urgent efforts come as 100,000 Russian troops are massed near Ukraine’s border and the Biden administration worriesthat Russian President Vladimir Putin will mount some sort of invasion within weeks.
Here are things to know about the international tensions surrounding Ukraine.
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.
Sales climbed 23% to $13.8 billion, the construction machinery company said Friday, topping Wall Street expectations for $13.36 billion, according to a survey of industry analysts by Zacks Investment Research forecast.
Illinois cases, deaths and vaccinations | CDC resources | Illinois Department of Public Health | City of Chicago | Complete coverage

source