Thursday, September 30, 2021

Two new dinosaur predators discovered in England’s Isle of Wight



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Vivo X70 series with Zeiss lenses launched in India: Features, price in India



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Google: Paying phone makers gave Android chance against Apple



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WhatsApp: How to message yourself to take notes



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TCS wins large deal from MCX to build new trading platform

The project, dubbed Udaan, is among the largest and most complex projects that Tata Consultancy Services (TCS) is currently undertaking in India, bringing low-latency, high volumes and high resilience to the MCX trading platform.

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Facebook to highlight Instagram’s ‘positive impact’ on kids in US Senate hearing

Facebook has been under fire since the Wall Street Journal reported — citing internal documents — that the social media company was aware that Instagram harmed the mental health of young users.

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ABB launches world's fastest electric car charger

The company's new Terra 360 modular charger can charge up to four vehicles at once, and can fully charge any electric car within 15 minutes. The device will be available in Europe and the US by the end of the year.

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Creator Day India: Facebook sees a jump in creators monetising in India

Facebook has seen over 35% growth year-over-year in the number of monetising creators and video publishers in India and over 160% growth in in-stream revenue earned by monetising creators and video publishers.

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YouTube blocks all anti-vaccine content



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Amazon settles with employees fired for criticising working conditions

Amazon had terminated the employment of Emily Cunningham and Maren Costa, who had accused the company of enforcing policies in a discriminatory fashion and instituting rules that "chill and restrain" the staff from exercising rights.

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Google adds visual search features in shopping, video push

The new feature will arrive within months through its Google Lens search tool, the company said in its livestreamed Search On conference.

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You Broadband is offering 200Mbps plan for Rs 900: Here’s what JioFiber and Tata Sky offer



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‘Stalkerware’ apps are proliferating. Protect yourself



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Apple iPhone 13 Pro review: The camera and battery shine over the subtle improvements



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Fidelity, B Capital lead $570 mn funding in Meesho, valuation more than doubles to $4.9 bn

Meesho has raised $570 million in a funding round led by Fidelity and B Capital to double the R&D team and acquire more users, as the social ecommerce platform looks to compete directly with Amazon and Flipkart.

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One man’s endless hunt for a dopamine rush in virtual reality



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Sebi bans ex-Infy, Wipro staffers in insider trading case

Sebi said in an ex-parte interim order dated September 27 that Ramit Chaudhri, the Infosys employee, and Keyur Maniar, a Wipro staffer, have been banned from trading in securities and that their demat and bank accounts have been frozen.

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Indian startups tap advisors amid IPO rush; rise of micro ecomm sites

Homegrown startups such as Zoomcar and Wakefit.co are hiring top talent from India and around the world to help them unlock the next level of growth.

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Roadmap soon to create Indian electronics and chip champs, says Rajeev Chandrasekhar

The government has accelerated efforts to start chip manufacturing in the country and is reportedly in talks with Taiwan to bring a $7.5 billion fab unit to India soon.

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InnoVen Capital raises Rs 740 crore towards first close of new fund

The anchor investor for the Rs 1,000-crore fund is Innoven Capital Pte Ltd, a joint venture of Seviora (Temasek) and United Overseas Bank. It has a green-shoe option to raise an additional Rs 1,000 crore.

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Public digital infra can help ease healthcare delivery, says RS Sharma

"Essentially, the idea of the digital mission…is to leverage information and communication technology…. and data to essentially make the health services delivery," Sharma said at the Global Fintech Fest on Wednesday.

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Truecaller sets IPO price range

Based on the pricing range, the company would have a market valuation between $1.9 billion to $2.4 billion after completion of the listing on Nasdaq Stockholm.

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Google to use MUM to improve visual search, offer broader result fields



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Wednesday, September 29, 2021

Samsung Galaxy F42 5G launched in India, price starts from Rs 20,999



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For Flagging Amazon Games Unit, ‘New World’ ‘Has to Be Our Breakthrough’



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Microsoft to allow Epic Games, Amazon storefronts on its app store



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US says ivory-billed woodpecker, 22 other species extinct



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Xiaomi 11 Lite NE 5G launched in India with Snapdragon 778G: All you need to know



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MFine raises $48 million from Moore Strategic Ventures, BEENEXT, others

The new round of funding will help MFine invest in expanding its hospital, diagnostics and e-pharmacy network across the country and building tech-driven care delivery products for both acute and chronic conditions patients.

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Netflix acquires Night School Studio, rolls out mobile games

The studio's games, which are available on Sony's PlayStation, Microsoft's Xbox, Nintendo Switch and PCs, will be the first non-mobile titles in the streaming giant's newly created video game portfolio.

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Facebook whistleblower to testify at US Senate hearing next week, lawmakers say

"This whistleblower's testimony will be critical to understanding what Facebook knew about its platforms' toxic effects on young users, when they knew it, and what they did about it," Democratic Senator Richard Blumenthal, head of a subcommittee of the Senate commerce panel, said.

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Apple, Google asked to turn in South Korea compliance plans by mid-October

The Korea Communications Commission will soon be drawing up an enforcement ordinance that will accompany the amendment of the country's Telecommunications Business Act. Most of the new law went into effect in mid-September.

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The world’s deadliest bird was raised by people 18,000 years ago



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Flipkart Big Billion Days 2021: Deals and offers revealed on Thomson, Blaupunkt Smart TVs



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CNN quits Facebook in Australia, citing defamation risk

CNN does not feature prominently in Australian media consumption, but the decision could have reverberations across the industry if other outlets followed suit.

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Samsung Electronics close to finalising $17 billion Texas chip plant

The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs, Samsung previously said in filings to state officials.

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FinTech regulation should be more entity-based than activity-based: RBI deputy governor

Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.

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India FinTech adoption very high at 87%: FM Sitharaman

The Global FinTech Fest, has been organised by Internet and Mobile Association of India (IAMAI), along with its sister organisations Fintech Convergence Council (FCC), Payments Council of India (PCI), and National Payments Corporation of India (NPCI).

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WhatsApp is working a new custom privacy setting for Android users



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Netflix buys first video game studio, rolls out mobile games



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Amazon launches $1,000, voice-controlled robot called Astro



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Facebook whistleblower to testify at US Senate hearing next week, lawmakers say



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IPO-bound Oyo's legal troubles; UPI transactions boom again

A legal challenge from former Zostel, relating to a botched acquisition in 2015, threatens to disrupt Oyo’s IPO plans.

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UPI transaction value doubled to Rs 6.06 lakh crore in July

Outstripped 42% rise in card payments to Rs 1.36 lakh crore as UPI platforms grew 109%

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Exotel bags $35 million in funding led by Sistema, others

IIFL, Synergy Capital, and existing investor Blume Ventures also participated in the round, alongside former Vodafone CEO Arun Sarin, who has come on board as a mentor.

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Exclusive: Zostel's petition in Delhi HC adds a legal twist to Oyo's IPO saga

Hospitality startup approaches Delhi High Court to restrain Oyo from modifying its shareholding structure or cap table including by way of an IPO. Oyo is also seeking a stay on the arbitrator award.

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Tuesday, September 28, 2021

HMD Global to launch a Nokia-branded tablet on October 6



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Facebook halts plan to launch 'Instagram for kids' after backlash



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5G deeptech startup Astrome raises $3.4 million for US expansion

Astrome Technologies, a 5G wireless deeptech startup, has raised $3.4 million in a funding round co-led by IAN Fund, Urania Ventures (Germany) and Cognizant’s founder Lakshmi Narayanan.

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Alibaba apps start offering WeChat Pay option after government orders

Earlier this month, the ministry of industry and information technology said it had asked internet companies to end a long-standing practice of blocking each other's links and services on their sites.

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Competition, chips, AI on table at first US-EU trade and tech meet

Several tech trade groups in Washington said the industry does not want the European approach to digital regulation to be adopted in the US.

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Amazon Great Indian Festival on October 3: A quick look at deals and offers



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Gaming company Kepler raises $120 million from China's NetEase

The group, formed with seven gaming companies including Alpha Channel and Sloclap, plans to offer game studio founders to become co-owners, share resources and financial gains, while being in charge of their own studios.

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China's Geely moves into smartphones with chairman's new venture

The new company, called Hubei Xingji Shidai Technology, has signed a strategic cooperation agreement with the Wuhan Economic and Technological Development Zone to establish its headquarters in the central Chinese city where it will develop smart devices including smartphones.

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Failed Microsoft-TikTok deal 'strangest thing I've worked on', Satya Nadella says

Microsoft in August 2020 began talks on the proposed acquisition of TikTok but the deal collapsed by September. Donald Trump’s push for TikTok’s divestment over US security concerns ended with his presidency.

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Capital Float raises $50 million from Lightrock India, others

Capital Float cofounder Sashank Rishyasringa said that the newly infused capital will help the firm shore up its risk stack and also help in acquiring more merchants.

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Volcanic eruptions helped dinosaurs dominate Earth



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LinkedIn testing paid online events as potential new moneymaker



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WhatsApp to soon get multi-device 2.0 support and message reactions



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Netflix’s gaming push is coming together, but lacks release date



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Google, in fight against record EU fine, slams regulators for ignoring Apple



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Swiggy finalising $500-600M funding; Flipkart-Amazon rivalry intensifies

Two months after arch-rival Zomato became a public company, Swiggy is in talks to raise $500-600 million from a clutch of investors led by US asset manager Invesco.

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Ummeed Housing Finance raises Rs 270 crore led by Norwest Venture Partners

The company looks to double its assets under management or AUM to Rs 1,300 crore over the next 18 months.

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Invesco in talks to invest in Swiggy at $10 billion valuation

Existing investors too to take part in re-rating exercise at double the valuation post rival Zomato's bumper IPO

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Adani Group buys 10% stake in CSC Grameen eStore

A 10% stake in CSC Grameen eStore will give the Adani group a seat on the board of the venture.

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Flipkart, Amazon set to intensify battle in festive season

The intense competition between the two firms, culminating in the rapid response to make back-to-back changes in their sales dates is reminiscent of earlier keenly fought battles between India’s largest startup and the US-based corporation.

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B2B platform for factories bijnis raises $30 million in Series B funding

The investment will primarily be utilised towards expanding the base of manufacturers on the platform from the existing 5,000 and helping them generate demand by expanding the retailer base as well, bijnis cofounder Siddharth Vij said.

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MyGlamm gets additional Rs 255 crore funding as part of Series C round

Of the latest tranche of Rs 255 crore, Rs 100 crore in equity funding has come from Trifecta Capital’s newly raised late-stage equity fund, cofounder Darpan Sanghvi told ET. The rest is debt — Rs 75 crore from Trifecta Capital’s debt fund and Rs 80 crore from Stride Ventures.

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Facebook invests $50 million to build the 'metaverse' in responsible manner

Facebook, the world's largest social network, has invested heavily in virtual reality and augmented reality, developing hardware such as its Oculus VR headsets and working on AR glasses and wristband technologies.

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Monday, September 27, 2021

Crypto-linked stocks plunge in Hong Kong, bitcoin steadies

Shares of crypto asset manager and trading firm Huobi Tech, an affiliate of Huobi Global, one of the world's largest exchanges, fell more than 30% after the opening bell.

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Signal app currently down due to technical difficulties



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Samsung reportedly cancels the launch of Galaxy S21 FE: Here are the details



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Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown

Huobi Global and Binance, two of the world's largest exchanges and popular with Chinese users, have stopped new registrations of accounts by mainland customers. Huobi also said it would clean up existing ones by the end of the year.

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Encrypted messaging app Signal is currently down

​According to Downdetector, a website that tracks outages, users reported problems with the app since 11:05 Eastern Daylight Time.

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Facebook rebuts report calling Instagram ‘toxic’ for teen girls



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Apple to fix issue with ‘Unlock with Apple Watch’ feature on iPhone 13



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Apple iPhone 14 to get ‘complete redesign’, no mini model in 2022



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ET Startup Awards 2021: This big-bang year belongs to Zomato

For exemplary impact on Indian startup ecosystem, Info Edge cofounder Sanjeev Bikhchandani bags Midas Touch Award for Best Investor

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ETSA Alumni: Where are they now?

The previous winners of the ET Startup Awards (ETSA) have stood out in a crowded startup ecosystem and gone on to become successful businesses. We look at a few of them from previous editions of the awards.

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ETtech Startup Awards 2021: Celebrating breakthrough moments

The 11-member jury described 2021 as a breakthrough one for the Indian startup ecosystem in the wake of two highly successful IPOs—those of Zomato and Freshworks.

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ET Startup Awards 2021: Kovai wins the Bootstrap Champ award

The SaaS startup, which went head-to-head with Cardinality.ai, eventually ended up becoming the Bootstrap Champ due its financial heft and ability to inspire entrepreneurs to build global businesses from smaller cities and towns.

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ET Startup Awards 2021: Urban Company wins Covid-led Business Transformation award

That customers were confident enough to let a stranger—in this case, an Urban Company service partner—enter their homes amid a pandemic was extremely significant to the jury of ET Startup Awards 2021.

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ET Startup Awards 2021: FamPay wins the Best on Campus award

FamPay’s product gained traction during the Covid-19 pandemic as it enabled teenagers to own a quasi-digital banking account where parents could deposit ‘pocket money’ or other allowances.

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Rare earth shortage hits electronic component companies

While applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen...