Monday, February 28, 2022

Ukraine's government raises crypto worth $8 million in crowdfunding appeal

Ukraine's official Twitter account made the appeal for cryptocurrency donations on Saturday following the country's invasion by Russia, posting digital wallets addresses for tokens including bitcoin and ether.

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Google blocks Russia's RT app downloads on Ukrainian territory

The move means that new users will not be able to download the RT News app in Ukraine while current users may still be able to access it but will not get new updates pushed by RT.

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Saturday, February 26, 2022

NEC seeing healthy margin mix here, says India head Aalok Kumar

As part of the company’s global mid-term market plan, NEC is betting big on India to leverage the solution development and delivery capability from the country to drive global business growth, said Kumar.

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I used Acer’s Aspire Vero, an everyday laptop that is built to be sustainable and eco-friendly



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Russia-Ukraine crisis: Fact-checkers, social media platforms combat fake info

Fact-checkers and teams from social media companies were actively monitoring and disrupting attempts to amplify false information in the Russia-Ukraine conflict.

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Nvidia breach seen as ransomware attack unconnected to Ukraine



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Can bitcoin save Russia from sanctions?

: Crucially, though, Biden said the measures would not extend to cutting Russia off from the SWIFT network — a payments system used across the world — in response to European officials.

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Amazon questions legality of CCI’s December order

Arguing in the National Company Law Appellate Tribunal (NCLAT), Amazon’s lawyer, Gopal Subramanian, said the antitrust agency could suspend a previously approved business proposal only if it was hurting the competitive atmosphere.

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Friday, February 25, 2022

Fed up with Google, conspiracy theorists turn to DuckDuckGo



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The new US export rules designed to freeze Russian tech

The US on Thursday restricted exports to Russia of a broad set of US-made products as well as foreign-produced goods built with US technology, following the invasion of Ukraine.

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Crypto crashes, sparks panic; Dream Capital chases cricket NFTs

The digital asset has now lost almost half its value from an all-time high of $68,990 in November, owing to geopolitical tensions and the prospect of US interest rate hikes.

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Dream Capital in talks to lead $100 million funding in NFT platform Rario

If the deal goes through, it would be one of the largest investments in the NFT sector in India and Dream Capital's maiden bet in the Web3 space.

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Spectre of ‘crypto winter’ spooks all

In the last two months, Indian crypto investors have had to deal with regulatory ambiguity and the announcement of high tax rates on crypto gains on top of rising volatility in digital assets, which dragged their investments into the red.

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Infosys Metaverse Foundry will help establish a first-mover advantage

​The company expects to see a “hockey stick-shaped growth” very soon in this area and the latest move is a means to sharpen its edge over rivals.

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Thursday, February 24, 2022

Suresh Muthuswami elevated as chairman of TCS North America

Taking over Muthuswami’s role will be Amit Bajaj who will assume the role of president, TCS North America. Bajaj has worked with TCS for 24 years across various global roles and was most recently heading the America and UK markets.

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BharatPe sacks Jain; Myntra’s new mantra

​Jain, who is the wife of BharatPe cofounder Ashneer Grover, had been in charge of finances at the company since October 2018.

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Live commerce, beauty among key focus areas for Myntra, says new CEO Nandita Sinha

Sinha, who was earlier vice-president of customer growth, media and engagement at Flipkart, told ET in an interview that Myntra is focussing on building and strengthening its team with a focus on fashion and technology. Her big priority is to push internal talent, she added.

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India adds 10th unicorn in 53 days

As of February 9, 2022, India had 88 unicorns with a total valuation of $295.99 billion. Out of the total, 44 unicorns with a total valuation of $94.37 billion were born in 2021.

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Wednesday, February 23, 2022

Redmi Note 11 Pro series could launch in India next month



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BharatPe sacks Madhuri Jain amid charges of financial fraud

Madhuri Jain has been in charge of finances at BharatPe valued at $2.8 billion since October 2018, and was also named in the preliminary investigation by Alvarez & Marsal investigation, linking her to the financial irregularities in the startup.

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Sony shows off its next-gen PlayStation VR 2 for PS5 as competition heats up in the VR space



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Experts flag lack of laws on govt use of citizen data

They pointed out that the current Information Technology Act, 2000 governs usage of personal data by private corporations but there is no policy to govern personal data usage by the government.

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IvyCap rakes in $214M for third fund; new investment vehicle for founders

The company will continue to focus on areas such as consumer technology, deep-tech, healthtech, fintech, SaaS and edtech.

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Silicon Valley biggies back new $45 million investment vehicle for Indian founders

AngelList India's Utsav Somani launches Galaxy to help early-stage startup founders make investments, gets backing from Naval Ravikant, Jake Zeller

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IvyCap Ventures raises Rs 1,608 cr in first close of third fund

IvyCap’s Rs 2,500-cr Fund III will be among the largest pools of domestic rupee capital

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Good Creator Co likely to acquire video commerce startup Bulbul

Bulbul cofounder Sachin Bhatia will take over as GCC’s chief executive officer

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Tuesday, February 22, 2022

CCI seeks more info to clear mega PayU-BillDesk deal

“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person directly aware of CCI’s queries to PayU.

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Creator economy platform Qyuki in talks with strategics for majority stake sale

While stake sale talks are on, another person said the company is also open to picking up capital from financial investors if the sale doesn’t go through.

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Paytm Payments Bank signs up as acquiring partner for e-RUPI service

The bank has partnered with Paytm parent One97 Communications Ltd (OCL) to leverage the latter’s merchant base.

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Creator economy platform Qyuki in talks with strategics for majority stake sale

While stake sale talks are on, another person said the company is also open to picking up capital from financial investors if the sale doesn’t go through.

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Vishal Dixit appointed SVP and Country Head, Coforge

Prior to this, he was with Capgemini, and has worked with other technology companies like Wipro, HP (DXC) and IBM in the past.

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TCS hits $25 billion in annual revenue, market capitalisation doubles

TCS said the next $25 billion will be driven by growth and transformation projects undertaken by clients, helped by the IT services provider’s sustained move towards cloud-based offerings.

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Transactions on UPI platform could shift business away from NEFT: Data

Central bank data showed that overall retail credit transfers through various platforms rose 20% in value and 77% in volume in December 2021 over last year.

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Sebi clears PharmEasy’s Rs 6,250 cr IPO

Mumbai-based API Holdings had filed its draft IPO papers in November to raise Rs 6,250 crore through a sale of primary shares. Existing shareholders aren’t planning to sell shares.

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Monday, February 21, 2022

US to process more employment green cards this fiscal year

Eligible applicants can file to adjust their status to the EB1(priority workers) or second (non-citizens in professions with advanced degrees or exceptional ability).

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Hinduja Global Services wins 211-million-pound contract from UK Health Security Agency

The contract is for an initial period of two years, with an option to extend further.

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Crypto platforms introduce new products as investors explore ways to save tax

The budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets.

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Twitter expresses concern over proposed Indian legislation

The Personal Data Protection Bill, 2019 has provisions that impose heavy penalties on companies for non-compliance.

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Enterprise cloud platform Eka Software puts itself on the block

Founded in 2001 by Manav Garg, Eka provides a commodity management platform covering trading and position management, physical supply chain, enterprise risk management and compliance and analytics.

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Sunday, February 20, 2022

STL eyes 20% biz growth in key markets in FY23 on 5G, digital network build outs

On the business side, the company is seeing a positive momentum as markets like the US, Europe and India create mega networks of future, and build 5G infrastructure.

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Assassin’s Creed Valhalla is getting a free trial this week



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Elden Ring gets new trailer ahead launch on February 25



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Shovel Knight developer raises close to $1 million for their next game



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OnePlus Nord CE 2 review: When ‘basic’ isn’t a bad thing



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Startup company OnwardMobility’s 5G Blackberry revival is officially dead



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Top companies tap freelancers to overcome attrition, talent shortage

Access to a wider talent pool and the need for flexibility and specific skills are among the key factors driving this trend, industry insiders said.

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Saturday, February 19, 2022

NFT are everywhere, so are the scams. Here’s how to avoid them



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It’s an all-out talent war at new-age tech startups

Attracting and retaining talent has become a significant challenge, especially in the last two quarters as about 100 new-age companies are facing as high as 40% rejection rate by candidates.

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Wordle now has ad-trackers: All you need to know



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Sebi plans tougher disclosure norms for new-age companies' IPOs

In the discussion paper, Sebi observed that the current IPO rules only require companies to disclose 'traditional parameters' such as key accounting ratios. However, since the new-age companies are usually loss-making, the regulator felt there was need for additional disclosures.

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Vedanta group to invest $7.4 billion in chip manufacturing unit

The company will target smartphones and electronics with the 28-nanometre (nm) fab and look at 70-80% domestic market, while the rest will be exported.

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India’s war on the internet

In it, IFF highlighted that internet shutdowns are extremely common in India, citing reports by Top10VPN and Access Now, and data from the Software Freedom Law Center and Meta.

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Friday, February 18, 2022

BharatPe saga just won’t quit; PharmEasy to shrink IPO

Several sources have told us that head of controls Madhuri Jain – who is also cofounder Ashneer Grover’s wife – wrote to the company board last week, accusing them of accepting a resignation letter she never sent.

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Exclusive: Never tendered my resignation: BharatPe’s Jain

ET has learnt through multiple sources that there was confusion between board members and BharatPe’s top management relating to Jain’s resignation. Managing director Grover offered the resignation of Jain, who reported to him, at a board meeting on January 19, several people told ET.

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India can lead mass adoption of cryptos globally if regulations are supportive: Höptner of Bitmex

In October 2021, blockchain research firm Chainalysis had ranked India second globally in crypto adoption.

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U.S. adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' list

USA-TRADE-CHINA-U.S. adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' list

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Securonix Inc scoops up over $1 billion in funding round led by Vista

The new funding will allow Securonix to make investments in global talent acquisition, adding senior leaders across engineering, cloud operations, threats labs, and sales and marketing.

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Document workflows automation platform Nanonets raises $10 million

Using APIs and no-code customization custom capabilities, Nanonets gives organizations the ability to update internal systems to automate document workflows and financial controls.

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Thursday, February 17, 2022

OnePlus to unleash new Nord, TVs – and you are invited!



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Atmospheric pressure on Pluto’s surface 80,000 times less than that on Earth: Study



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OnePlus Nord CE 2 Launch in India: How to watch livestream, what to expect



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Govt may junk data bill, start afresh; Grover taps Gen Z

The government may ditch this bill entirely and draft a new one that’s more “aligned with the current times”.

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Byju’s looks to invest $200 million to grow its offline play

The company conceptualised its offline foray last year after the acquisition of tutorial chain Aakash Education Services for an estimated cash-and-stock deal worth $950 million.

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Fresh legislation may replace data protection bill

​Among the options being discussed is the introduction of fresh legislation that can cater to the ongoing "sea change in the local and global technology (environment)", those aware of the thinking within government circles said.

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WazirX cofounder denies reports that he plans to leave the firm

“Nischal is leading both WazirX as well as Shardeum, and he intends to continue doing so,” a company spokesperson said in a statement.

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How BharatPe founder Ashneer Grover is tapping Gen Z audiences

Grover's audience reflects a troubling culture of admiring brash personalities and a generation that is on the constant lookout for masala characters and content, experts said.

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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...