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Alphabet Inc's Google on Monday said it would spend around US$10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. NEW DELHI: Alphabet Inc's Google on Monday said it would spend around US$10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a so-called digitization fund, highlighting Google's focus on the rapid pace of growth of apps and software platforms in India, one of the world's biggest internet services markets. "We'll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments," Sundar Pichai, ...

(This story is for CNBC Pro subscribers only.) The monster earnings day is here — Apple, Amazon, Alphabet and Facebook, worth nearly $5 trillion combined, are all on deck to report after the bell. In the absence of clear guidance, option traders are pricing in big moves in these high-fliers when they drop high-stakes quarterly results. The options market is now implying at least a 5% move either way for Amazon and Facebook post earnings, while the expected action for Apple and Alphabet is in the 4% range, up or down, according to data from Options AI. While these tech giants have led the sharp market rebound from the coronavirus sell-off, their first-quarter reports did reveal some of their weaknesses as advertising dried up and costs mounted amid the pandemic. The results also came a d...

ALEXANDRIA, Virginia: Shares of Moderna fell nearly 10 per cent after it lost a bid to invalidate a US patent owned by Arbutus Biopharma that poses a potential obstacle to Moderna's efforts to develop next-generation vaccines, including a COVID-19 vaccine. An administrative court run by the US Patent and Trademark Office rejected arguments by Moderna that an Arbutus patent known as the '069 patent should be revoked because it described obvious concepts. The '069 patent relates to lipid nanoparticle (LNP) technology that allows the human body to make its own therapeutic proteins. LNP technology is crucial to Moderna's vaccine development efforts, and the patent ruling could increase pressure on the Cambridge, Massachusetts-based firm to pay for a license to Arbutus' patent portfolio,...

In March, the IRS announced that the federal tax filing deadline would be pushed to July 15, 2020. The move, made in response to the coronavirus pandemic, gave Americans an extra three months to file their 2019 returns without incurring interest or penalties. If you're still not ready to file by Wednesday July 15, though, you can file for an extension like you normally would. Anyone can use Free File to electronically request a tax-filing extension, which would give you until October 15, 2020 to file your return, according to the IRS. (That's the same extended filing deadline from prior years.) An extension to file, however, is not the same as an extension to pay. If you're filing an extension, you still need to estimate any taxes you may owe and pay them by the regular deadline to avoid...

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Deutsche Bank said on Tuesday it has agreed a strategic, multiyear partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients. A source familiar with the matter told Reuters that Deutsche Bank expects the partnership to generate more than 1 billion euros ($1.13 billion) in accumulated earnings before income and tax (EBIT) over the next 10 years. Both parties have signed a letter of intent and plan to sign a multi-year contract within the next few months, the bank said. "The partnership with Google Cloud will be an important driver of our s...