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Distribution agreements are at the core of the US Justice Department's antitrust fight against Google.
IPL's most successful teams -- Mumbai Indians and Chennai Super Kings -- are also associated with the new league.
In a note to employees, Chief Executive Satya Nadella said the layoffs, affecting less than 5% of the workforce, would conclude by the end of March, with notifications beginning Wednesday.
Three other Indian-origin expat CEOs rank high: Sundar Pichai of Google is at 5, Shantanu Narayan of Adobe at 6, and Puneet Renjen of Deloitte at 14.
Padma Bhushan is the third-highest civilian award in the country, after Bharat Ratna and Padma Vibhushan.
Microsoft Corp on Wednesday announced that the board's independent directors unanimously elected Nadella to the role of board chair.
Microsoft will become the official Artificial Intelligence Partner and an Official Cloud and Laptop Partner for the NBA, Women's National Basketball Association, NBA G League, and USA Basketball beginning with the 2020-21 NBA season.
Underwater data centres will play a key role in expanding Microsoft's Cloud computing platform.
Speaking at the World Economic Forum Annual Summit, Nadella said it also needs to be ensured that the huge data being used with consent is for the good of the society.
Sony's deal with Microsoft comes at a time when the Japanese firm's gaming business is losing some steam as its PlayStation 4 (PS4) console nears the end of its life.
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