CCI studies 'ecommerce nexus’; IT workers trickle back to office

Competition Commission of India is studying documents found during the raids that suggest financial dealings between the ecommerce majors and their preferred sellers.

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Crypto paper soon, no need to revise growth forecast: Economic affairs secretary Ajay Seth

On the sidelines of a finance ministry event, the secretary also said there is no case for revising growth estimates downwards. He said inflation should moderate soon and that the government is well-prepared for any shock.

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Flipkart promotes two executives to SVP as part of multiple promotions

Bharath Ram and Guddeti Bharath Reddy have been elevated as SVPs, while Sharon Pais, who was moved to Myntra as its chief business officer, has been made a VP.

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Sugar Cosmetics raises $50 million led by L Catterton

The beauty brand's current annualised revenue run rate is around Rs 500 crore and that is expected to reach Rs 2,000 crore over the next 24-36 months, the company said earlier.

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CCI wing probing dealings between ecommerce companies and preferred sellers

It has now sought more time from the commission to review these documents, found during the raids last month, following allegations of violation of competition law by ecommerce majors Amazon and Flipkart.

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Cert-In warns users about mobile-based malware and methods employed to infect devices

The advisory warned that malware such as Adware, cryptocurrency mining malware, remote access tools, mobile banking and short messaging service trojans, mobile spyware and ransomware were active and users must ensure they are safe from them.

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iPhone 14: 5 things we have heard about Apple’s 2022 flagship lineup

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Swiggy eyes Metro AG’s India ops; startups shift gear as large deals dry up

The German wholesaler, which operates 31 stores in India, has approached more than 10 companies to buy its local unit for around $1.5 billion, we reported previously.

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Venture capital firms tighten funding tap of Indian startups

In the period April 1-May 16, 2022, there were only nine funding rounds of more than $100 million, cumulatively amounting to a little over $2 billion, compared to 27 such deals in the January-March period this year, according to data sourced from New York-based analytics platform CB Insights.

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Swiggy one of possible contenders for India operations of German wholesale retailer Metro AG

Such a move would be aimed at taking forward Swiggy’s ambition of venturing further into ecommerce, expanding its business beyond mainstay restaurant delivery, as well as accelerating Instamart’s growth, said the people cited above.

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Swiggy in contention for Indian operations of German wholesale retailer Metro AG

Such a move would be aimed at taking forward Swiggy’s ambition of venturing further into ecommerce, expanding its business beyond mainstay restaurant delivery, as well as accelerating Instamart’s growth, said the people cited above.

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CCI probe into Whatsapp's anti-trust practices delayed as company holds back info

​CCI commissioned an investigation into Whatsapp’s new privacy policy in March 2021 but the company has neither supplied documents sought nor responded to the prima-facie observations made by CCI, people cited above said.

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10-minute delivery startups ready to defy downturn as demand surges

Startups like Swiggy Instamart, Zepto, and Reliance-backed Dunzo, etc are trying to defy the current slowdown, as they add more goods and daily essentials to their kitty and deliver them to their customers.

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Apple, Google face scrutiny over collecting abortion data

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Why I fell in love with Microsoft’s Surface Laptop Studio despite its shortcomings

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Meta Copied VR Technology Key to Metaverse Gaming, Immersion Claims

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Ecomm and food delivery companies fail to bridge the gender gap

Female delivery partners across all companies in the industry account for less than 1% of the overall number of people deployed in such roles.

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Tata Neu has big plans for financial services, says chief executive Pratik Pal

Tata Digital houses the Tata Group’s digital businesses, including the super app.

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Tata Neu has big plans for financial services, says chief executive Pratik Pal

Tata Digital houses the Tata Group’s digital businesses, including the super app.

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Government proposes to set up India Data Management Office

The IDMO will also frame data, dataset and metadata rules in consultation with the respective ministries and state governments, according to a draft of the National Data Governance Framework released by the IT ministry on Friday.

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Government proposes to set up India Data Management Office

The IDMO will also frame data, dataset and metadata rules in consultation with the respective ministries and state governments, according to a draft of the National Data Governance Framework released by the IT ministry on Friday.

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Tesla will not manufacture in India unless it is allowed to sell, service cars: Elon Musk

“Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars,” he tweeted.

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Elon Musk says Tesla will not manufacture in India unless it is allowed to sell, service cars

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BookMyShow sees rush of users post-Covid wave with highest-ever ticket bookings

"BookMyShow has achieved a remarkable milestone across both its key content pillars - cinema vertical and the TVOD platform BookMyShow Stream - in April 2022, setting the tone for the Indian movie entertainment industry, surpassing pre-pandemic numbers by a landslide," Bookmyshow Cinemas COO Ashish Saksena said in a statement.

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Tesla will not manufacture in India unless it is allowed to sell, service cars: Elon Musk

Tesla has hit a roadblock in its India entry plans as the government is not willing to reduce import duties on electric vehicles. The company has temporarily halted its plans to enter the Indian market.

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Now, Google in talks to join ONDC; Purplle may raise fresh funds at $800 million valuation

Google is also in talks to partner with ONDC, which it sees as a means of discovering businesses.

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Tech campuses play the 5G tone in indigenisation drive

IIT-Madras, IISc, Bengaluru, IIT-Kanpur and a few other top-tier tech institutes are rapidly building the hardware and software for 5G technologies and using their campuses as testing facilities.

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Purplle in talks to raise $75-100 million with its existing investors

The Mumbai-based company, Purplle will raise the money largely from its existing investors Verlinvest, Kedaara Capital and Premji Invest, among others, they said.

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Google in active discussions in exploring ways to partner with ONDC

At present, Google's talks are “exploratory” and have spanned across different businesses within Google including search and payments, according to one person cited above who said, “there is a definite interest” in engaging with the ecommerce network.

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Invact CEO Manish Maheshwari reneged on agreement to leave startup: angel investor alleges

ETtech had reported on May 23 about an email that Pratap had sent to investors detailing the rift between him and Maheshwari and saying that the company was on the verge of a shutdown as it fires employees.

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Edtech startup Infinity Learn picks up 75% stake in WizKlub

With the acquisition, Infinity Learn – backed by the Sri Chaitanya Group - has forayed into a new vertical, Infinity Futurz, which offers skills for success beyond the school curriculum.

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Edtech startup Infinity Learn picks up 75% stake in WizKlub

With the acquisition, Infinity Learn – backed by the Sri Chaitanya Group - has forayed into a new vertical, Infinity Futurz, which offers skills for success beyond the school curriculum.

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India could play a role in shaping Metaverse: Ajit Mohan

Meta announced that it partnered with venture capital fund Kalaari Capital to upskill and scale young, invested businesses in India by providing them with timely business skilling support.

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Google pursuing licensing deals with publishers: CEO Sundar Pichai

In recent years, Google has signed several deals with news and content generators as well as publishers worldwide to pay for content. This includes local and national publications in the UK, Germany, Australia, Brazil, France, Hungary, the Netherlands and Ireland.

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Swiggy eyes commerce play with Minis marketplace

Swiggy is working on a marketplace model to onboard local stores and direct-to-consumer (D2C) brands, multiple people aware of the matter said, adding that and a pilot project is already under way.

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Inventus Capital launches Rs 900 crore fourth fund; rebrands as Athera Venture Partners

The launch of the fund comes at a time when dealmaking has slowed down with macro headwinds hurting investments and valuations of technology companies.

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We are now standing at crossroads: Metaversity founder Manish Maheshwari

Manish Maheshwari says, "As we started testing the early versions of the Metaversity platform with real students, it became apparent to us that the immersive classroom and community experience was not being delivered at the level we had envisaged."

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We are now standing at crossroads: Metaversity founder Manish Maheshwari

Manish Maheshwari says, "As we started testing the early versions of the Metaversity platform with real students, it became apparent to us that the immersive classroom and community experience was not being delivered at the level we had envisaged."

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Oh Snap! Social media stocks lose billions after Snapchat parent warning

The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout.

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Oh Snap! Social media stocks lose billions after Snapchat parent warning

The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout.

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Snap cuts revenue forecast, will slow down hiring

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Startup funding woes may hurt IPL ad prospects

Inbound investments were $4.6 billion in January, but quickly fell to $3.6 billion in February, $3.4 billion in March, and $2.6 billion in April. Globally, venture capital firms are becoming more vocal about a looming economic slowdown and the need to be more “defensive”. Investors are asking startups to focus on return on investment and reducing cash burn.

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Startup funding woes may hurt IPL ad prospects

Inbound investments were $4.6 billion in January, but quickly fell to $3.6 billion in February, $3.4 billion in March, and $2.6 billion in April. Globally, venture capital firms are becoming more vocal about a looming economic slowdown and the need to be more “defensive”. Investors are asking startups to focus on return on investment and reducing cash burn.

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Startup funding woes may hurt IPL ad prospects

Inbound investments were $4.6 billion in January, but quickly fell to $3.6 billion in February, $3.4 billion in March, and $2.6 billion in April. Globally, venture capital firms are becoming more vocal about a looming economic slowdown and the need to be more “defensive”. Investors are asking startups to focus on return on investment and reducing cash burn.

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Semiconductor packaging will take lead in supply chain localisation, say veterans

IIT-Madras director Kamakoti V and HCL founder Ajai Chowdhry said that packaging services — placing semiconductor wafers in casings and getting it ready for shipping -- would take off first, given its (the industry term for this is ATMP) relatively lower requirement in technology and investment.

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Rajesh Exports readies investment for EV entry, in talks with states for display fab

Rajesh Exports moved higher in the global jewellery supply chain with the acquisition of Swiss refiner Valcambi in July 2015, taking its total capacity to 2,400 tonnes per year.

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Flipkart enters at-home appliance repair service, starts with ACs

Flipkart’s home services business is likely to also include washing machine repairs and other similar offerings going forward, covering the product categories sold on the ecommerce platform, the people said.

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Flipkart enters at-home appliance repair service, starts with ACs

Flipkart’s home services business is likely to also include washing machine repairs and other similar offerings going forward, covering the product categories sold on the ecommerce platform, the people said.

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Digital health platform Mfine lays off 500 employees

The job cut accounts for about half the workforce at the Bengaluru-based company that had been hiring employees until last month, according to media reports.

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Visa takes a big bet on commercial payments in India

Visa will explore long-term partnerships with fintechs to provide solutions to the entire value-chain of corporates and B2B suppliers, and may even look at investing in some fintechs, said Sandeep Ghosh, who was recently appointed as group country manager for Visa India and South Asia.

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Visa takes a big bet on commercial payments in India

Visa will explore long-term partnerships with fintechs to provide solutions to the entire value-chain of corporates and B2B suppliers, and may even look at investing in some fintechs, said Sandeep Ghosh, who was recently appointed as group country manager for Visa India and South Asia.

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Tinder-owner Match says Google to allow alternate payment systems for now

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Salil Parekh reappointed as Infosys CEO & MD for another five years

Parekh's new term is effective July 1, 2022 till March 31, 2027. Shareholder approval is being sought for the same, the company said.

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Boeing’s Starliner successfully docks at International Space Station during second attempt

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Rising fuel costs, less sops forcing most cabbies out

Commuters are, in short, getting a raw deal, as a steep increase in the price of CNG and slashing of incentives by cab aggregators such as Ola and Uber have made it unviable for drivers to ply, experts said.

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IT giants are offering more benefits to retain top talent

​​Attrition rates may have moderated for IT companies, but continue to remain a real concern given the huge demand for tech workers, across a variety of digital sectors

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