GoTo, formed last year by the merger of ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, surprised some investors and analysts when it launched its IPO process earlier this month, braving turbulence in global equity markets.
Further hearings on the findings of the probe will begin shortly, the sources said. Google will then have a chance to present its argument, following which a verdict will be given. One of the sources said CII “is quite convinced that the policy will definitely harm developers if implemented”.
In addition, the regulator also examined allegations that Google used ‘‘search manipulation’ to push Google Pay. CCI has directed the Reserve Bank of India to look into the matter, the sources added.
At the vanguard of this drive into India will be former SoftBank investor Deep Nishar, who joined General Catalyst in January, and former Snapdeal and Meta (the erstwhile Facebook) executive Anand Chandrasekaran.
A division bench of Justices Poonam Bamba and Rajesh Shakdher adjourned the matter after WhatsApp’s counsel, senior advocate Harish Salve, said the Personal Data Protection Bill was yet to be passed by Parliament.
Development centres in India and other centres in the East aid in making products for the local or the “mass mid-market segment” and are not just back offices, Honeywell International's global chief technology officer, Suresh Venkatarayalu, told ET.
"When we first launched voice messaging in 2013, we knew that it could change the way people communicate," the company said in the blogpost.
Companies such as Zomato, BigBasket, Ecom Express, Shadowfax and Swiggy are ramping up their delivery manpower, led by a growing demand for online delivery and quick-commerce services.
“India is increasingly important as a growth engine of the company,” Belmer told ET on his maiden visit to India since taking charge of the €2.9-billion company just about 100 days ago.
Musk wants to block an SEC subpoena seeking information about Tesla’s public-disclosure controls and to undo a set of court orders he and his company agreed to in 2018, which led to reviews of his company-related tweets by an in-house official who’s been referred to as the CEO’s “Twitter Sitter.”
Salesforce is considered rival by a crop of Indian SaaS firms including Zoho and Freshworks, which sell business software in the global market.
The round also saw participation from existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital. Sandeep Johri, former chief executive of software testing platform Tricentis, also invested in this round.
Mcaffeine will utilise the funds to grow its offline presence to 25,000 outlets from its existing 5,000, expand its sales team, and acquire at least two beauty brands, co-founder Sharma told ET.
Last month, it had closed a $150 million financing from Alpha Wave Global (previously Falcon Edge) which also included a secondary share sale. The company led by fintech veteran Amrish Rau was valued at over $5 billion post this funding.
Industry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a data protection law. They are also seeking clearer definitions of terms like high-value data set and anonymised data, and a phased implementation plan.
The tax department is scrutinising how exchanges that allow trading in India manage their cryptocurrency float, and whether there is any element or any transaction where Goods and Services Tax (GST) could apply, people aware of the development said.
The group aims to transfer over 250 business-critical applications such as database management software SAP HANA to Google Cloud’s infrastructure to centralise workflows and streamline operations, it said in a statement.
Anuj Mittal was recently appointed as vice-president of its investor relations division, the sources added. Mittal, according to his LinkedIn profile, was heading strategy and investor relations at L&T Financial Services for almost three years and had previously worked with Standard Chartered Bank as well as JP Morgan.
According to an Orios Venture report, India saw 46 new unicorns in 2021, taking the number of such startups with a valuation of at least $1 billion to 90. Indian startups in 2021 raised $42 billion, up from $11.5 billion in 2020. These fundings at high valuations have made many startup founders and top executives multimillionaires in dollar terms.
On Friday, Chennai’s traffic administrators summoned company executives, seeking clarification about the infrastructure required for safe operations of quick delivery services, people aware of the discussions told ET.
While Ola Electric is investigating the issue and is yet to find the root cause of the problem, other EV companies plan to work closely with component and battery manufacturers to get to the bottom of this safety issue as this could flatten the spiralling sales chart of EVs in the country.
Last week, Zoom introduced the avatars feature, which will replace a user's appearance with a virtual animal that mirrors his or her head movements and facial expressions.
Vendors who supply to Cloudtail across categories like electronics, health and personal care, and smartphones are being sent new contracts for transfer of the business to new and existing seller entities on Amazon India.
BFF, which has already made 20 investments till date, will typically invest $100,000 to $200,000 on an average in various early-stage startups and companies which are still at the idea stage.
The audio streaming platform closed its office in Russia indefinitely earlier this month, citing what it described as Moscow's "unprovoked attack on Ukraine."
FCC Commissioner Brendan Carr said the new designations "will help secure our networks from threats posed by Chinese and Russian state-backed entities seeking to engage in espionage and otherwise harm America's interests."
Whatsapp was cofounded in 2009 by Jan Koum, a Ukrainian emigrant to the US. Koum was born in 1976 in Fastiv, the city where Russia began its invasion in February. Facebook acquired WhatsApp for $19.3 billion in 2014.
Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. He says that’s all in the past.
Hyundai and Ola Electric have been awarded support for setting up 20 Gigawatt Hour (GWh) of manufacturing capacity each. Reliance and Rajesh Exports will be getting PLI for setting up 5 GWh of manufacturing capacity. Reliance New Energy Solar's bid for setting up another 15 GWh of capacity has been waitlisted.
Srinivasu founded BillDesk twenty years ago along with Ajay Kaushal and Karthik Ganapathy, his colleagues at Arthur Andersen. He led the company to become one of India’s one of the few profitable fintech companies in India.
The company is also creating its team from Cloudtail such as CEO Chandramouli Venkataraman, who joined in February from Cloudtail where he was the category leader.
The Chennai-based company, which plans to list on the exchanges on April 7, has set the price band for the initial public offering at Rs 130-Rs 137 per share.
The service would be Apple’s biggest push yet into automatically recurring sales, allowing users to subscribe to hardware for the first time -- rather than just digital services.
Avail Finance was founded by Ankush Aggarwal, brother of Ola's cofounder Bhavish Aggarwal, in 2016.
The pilot will allow a small number of participating developers, starting with Spotify, to offer an additional third party billing option next to Google Play's billing system in their apps.
The decision was taken by the Blockchain and Crypto Assets Council (BACC), which has more than two dozen crypto exchanges and crypto-related companies as members, said Nischal Shetty, chief executive of crypto exchange WazirX. BACC is part of the Internet and Mobile Association of India.
Vinay, a CV Raman Award winner who taught computer science at the Indian Institute of Science, Bangalore for a decade, is an adjunct faculty at the Chennai Mathematical Institute.
The features will be available in both English and Hindi and will provide context cues aimed at helping people more easily access videos from verified health sources.
The decision was taken by the Blockchain and Crypto Assets Council (BACC), which has more than two dozen crypto exchanges and crypto-related companies as members, Shetty said. BACC is part of the Internet and Mobile Association of India.
MeitY also touched upon the growth of the Unified Payments Interface (UPI), calling it the “preferred payment mode of citizens”. It said UPI has clocked 452.75 crore transactions worth Rs 8.27 lakh crore in FY22 (as of February 28).
The maiden fundraise will help TAC in ramping up growth, production capabilities and venture into the retail sector in the next 12-15 months.
The parcel of land – acquired on a long-term leasehold basis - is in the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) IT Park
Theoretical courses will cover concepts in fundamental mathematical techniques required for understanding data science algorithms, time series analysis, multivariate data analysis, machine learning, deep learning and reinforcement learning.
The service will be launched next month and will be powered by the company’s 62 dark stores, cofounder and chief executive Hari Menon told us.
The company, which offers a platform that converts designs to production-ready code, will use the funding to expand its engineering and data science teams, it said.
Some companies including Tata Motors and Ather Energy have already increased prices, while several others such as Hero Electric and Kinetic Green Energy are reviewing the quantum of price hikes.
The new financing was co-led by Alpha Wave Global and Tiger Global with participation from Norwest Venture Partners, Matrix Partners and Creation Investments, Oxyzo chief executive Ruchi Kalra told ET.
Many restaurant executives told ET they won’t be able to offer fresh food within 10 minutes even as Goyal clarified on his Twitter handle that the initiative that he announced late on Monday will be for “popular and standardised items only” in nearby locations.
This is an all-time low for the company’s stock price. Paytm’s issue price was Rs 2,150 when it listed on the bourses last November.