Tech News: July 2022

Sunday, July 31, 2022

How streaming stars pay the price of online fame

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EVs going mainstream, fire incidents help industry mature: Ather Energy CEO

In April this year cases of electric two-wheelers of manufacturers -- such as Ola Electric, Okinawa Autotech and PureEV -- catching fire were reported. It prompted the government to form a panel to examine.

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Samsung Galaxy Z Fold 4, Flip 4 will be open for pre-booking starting today for Rs 1999

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The opportunity for us is putting speech enhancement functionalities into consumer devices: Sonova GVP Martin Grieder

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Gen Z uses TikTok like Google, upsetting the old internet order

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I played Air Twister, a throwback to 80s-style arcade game, on the iPad mini

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Chinese Space rocket debris crashes back to earth over Indian Ocean

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Science news weekly recap: Chinese rocket debris, International Space Station robots, and more

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MyGov has helped citizens engage with the government: IT minister

He said the platform has helped citizens engage with the government and encouraged more citizens to share their thoughts.

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Saturday, July 30, 2022

Digital marketing startup Logicserve raises Rs 80 crore in funding from Florintree Advisors

The company is planning to raise Rs 200 crore in a series B round in the next 4 months; has acquired controlling stake in digital agency Langoor.

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Billionaire investor Tim Draper talks Indian startups, the power of blockchain & more

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Meta's Mark Zuckerberg: Company's pandemic-era forecast was too rosy

Mark Zuckerberg, responding to an employee question at a company-wide meeting on Thursday, said he had hired too aggressively and failed to account for the possibility of an economic downturn, according to a person who heard the remarks.

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Elon Musk files countersuit under seal vs Twitter over $44 billion deal

Elon Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal.

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Elon Musk files defense under seal as Twitter trial set for October 17

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Reels helps Instagram cash in on TikTok ban in India

Since its launch in 2020, Reels has evolved with a range of features – from 30-60-90 seconds reels, the Reels tab, Remix, Reels visual replies, and audio features such as save sounds and audio browser.

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'Absolute rubbish, we will never merge': Ola CEO Bhavish Aggarwal on reports of merger talks with Uber

Bhavish Aggarwal said in a tweet that Ola is very profitable and growing well and if some other companies want to exit their business from India they are welcome to.

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Is Meta losing its way?

The company is pouring billions into its virtual reality division in hopes of Big-Banging the metaverse into existence, but back in the real world, revenue and user growth are stalling.

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Concerns over data transfer overseas, Chinese ownership behind BGMI ban

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Friday, July 29, 2022

Battlegrounds Mobile India, Indian version of PUBG taken down

A Krafton spokesperson said: "We are clarifying how BGMI was removed from the Google Play store and the App store and will let you know once we get specific information.”

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Ola to fire about 1,000 employees across verticals even as focus shifts to electric mobility

The entire restructuring exercise – which is expected to be on for a few weeks more - is to focus more on its electric mobility business, where it is hiring “aggressively”, according to executives engaged in the recruitment process. The process has been ongoing across verticals including mobility, hyperlocal, fintech, and its used cars businesses.

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TCS to build AI chatbot for Walton Centre NHS Foundation Trust

TCS will develop an artificial intelligence-based chatbot, which will interact with patients being referred to a neurology or headache specialist and collect details of their condition and the symptoms through a structured set of questions.

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Ola signs deal with government to manufacture battery cells for EVs

The government has set aside Rs 18,000 crore as a production-linked incentive for the sector that manufacturers like Ola Electric can capitalise on.

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Thursday, July 28, 2022

Swiggy workers go on strike again, this time in Delhi

Swiggy delivery personnel went on strike in Bengaluru last week and in Mumbai earlier.

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Vedanta says semiconductor business can rake in $3 billion annually

Vedanta executives said at the conference that the company would target volumes of 240,000 sheets a month for its integrated display fab built at a $12 billion investment, and about 50,000 Wafer Starts Per Month (WSPM) from the semiconductor factory.

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Swiggy begins selling private label brand Supreme Harvest on Instamart

The brand is marketed by Scootsy Logistics Pvt Ltd and sells pulses, oils, spices, mixed seeds, flour, and other cooking essentials.

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Retail clients in Europe, UK seek to accelerate transformation: TCS

Eight out of 10 retail clients are seeking to deliver their business plans faster than ever and are also open to 100% offshoring to meet these goals, said Abhijit Niyogi, vice president and business unit head - retail UK & Europe, TCS.

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VCs are flooded with unprecedented funds but in no rush to deploy capital

While the pace of early-stage deals is still moderately higher, there is no rush to issue a term sheet (an agreement sent by an investor before finalising funding), indicating a reversal of sentiment from 2021 among the investor community.

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Data shared in the Lok Sabha: Centre’s blocking orders to Twitter till June this year exceed 2019’s number

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Wednesday, July 27, 2022

‘Operating with increased intensity’: Zuckerberg leads Meta into next phase

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Tech giants plan self-regulation; PhonePe’s shareholding may mirror Flipkart’s after separation

The proposal is likely to be taken up for detailed discussion with the Ministry of Electronics and Information Technology by the end of this week or the next week, the sources said.

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Semiconductor sops plan held up by mission CEO selection delay

On an India visit, Tower Semiconductor CEO Russell C Ellwanger met Minister of State for Electronics and IT Rajeev Chandrasekhar on Monday, besides holding discussions with other officials in the ministry.

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Social companies eye self-regulatory body to tackle content issues

“We are willing to take the onus of the self-regulated body under the guidance of the ministry. Once the structure is finalised, we will present it to the government for their approval,” said one industry executive on condition of anonymity.

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Covid vaccine study to Oil India: Targets under cyber attack

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Wipro wins five-year digitally transformation deal from Nokia

For Nokia, this represents a major step towards digitalisation of its operations by leveraging Wipro’s transformation and innovation capabilities, the filing added.

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Tuesday, July 26, 2022

Bengaluru institute exports ‘open-source Aadhaar’; GoM suggests 28% GST only on betting component

The programme is backed by the Bill and Melinda Gates Foundation (BGMF), Tata Trusts, Norad, and Omidyar Network, which have cumulatively provided Rs 150 crore in funding.

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Tech Mahindra’s Q1 net profit down 16.4% on high talent costs

On a sequential basis, Tech Mahindra's profit fell 24.8% and revenue grew 4.9%.

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Crypto trading platform Crypso raises $3 million in funding from Hashed Emergent, others

Crypso will use the fresh capital to grow its user base and increase the breadth of product offerings and technology.

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Crypto trading platform Crypso raises $3 million in funding from Hashed Emergent, others

Crypso will use the fresh capital to grow its user base and increase the breadth of product offerings and technology.

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Eye on private firms, govt may define ‘ownership’ of non-personal data

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Rupa & Co scions take over Cloudtail’s home, kitchen and sports business

RetailEZ is among many new sellers that are taking over Cloudtail’s business following Amazon’s acquisition of the latter’s parent company Prione.

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Innoviti gets RBI nod for payment aggregator licence

Founded in 2002, Innoviti provides technology-led payment solutions and point-of-sale terminals for businesses, and offline merchants. It also helps equip these retailers with billing and Customer Relationship Management software as well as provides payment gateway services to online merchants.

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Monday, July 25, 2022

OnePlus 10T will ditch the alert slider and Hasselblad branding; here’s why

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Elon Musk responds to report of affair with Google cofounder Sergey Brin's wife

According to the Wall Street Journal, Elon Musk’s affair with Segey Brin's wife Nicole Shanahan began in Miami in December. The long-standing friendship between Musk and Brin ended as a result.

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Sunday, July 24, 2022

Heads up, again: China set to launch space station module with giant rocket

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iOS 16: Androidisation and some better tweaks

iPhone users get new features with an OS upgrade and this year it is iOS 16.

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A step-by-step guide to Instagram Dual: The new reels format

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Lenovo Yoga AIO 7 review: A statement piece, in every sense

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Ubisoft pushes back next Assassin’s Creed title in already thin year

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Here’s how you can get Pixel 6a’s Magic Eraser-like feature on any iPhone and Android phone

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Saturday, July 23, 2022

Mostly independent members in social media grievance forum

To ensure independent functioning of panel; changes to IT rules to be finalised in a fortnight

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OnePlus Nord Buds CE to launch on August 1: What to expect

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Twitter blames Elon Musk, weak ad market for drop in revenue

The results come as Twitter has sued Musk for dropping his offer to buy the company, and is now preparing for a legal showdown in a trial set to begin in October. The deal uncertainty has worried Twitter's advertisers and caused chaos inside the company.

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Google fires software engineer who claimed its AI chatbot is sentient

Google, which placed software engineer Blake Lemoine on leave last month, said he had violated company policies and that it found his claims on LaMDA to be "wholly unfounded."

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Lawmakers discuss predatory pricing, regulations and more with Indian tech firms

Top executives, startup founders and CEOs of Indian internet firms including Flipkart, Paytm, Oyo Hotels & Homes, Ola, Zomato, Swiggy, Makemytrip and others met a high-powered parliamentary panel headed by former minister of state for finance Jayant Sinha of the BJP on Thursday to discuss ‘anti-competitive practices by Big-tech companies’.

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Amazon executive Jay Carney to join Airbnb as communications head

Carney, who worked at Amazon for seven years as Senior Vice President of Global Corporate Affairs, will start at Airbnb in September and report to co-founder and CEO Brian Chesky. He will be based in Washington.

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Friday, July 22, 2022

Snap shares plunge 25% as economy, fierce competition slow revenue growth

The Snapchat owner said some advertisers continue to face supply-chain disruptions and labor shortages, and many others are contending with rising costs amid record inflation, which has led to cutbacks in spending on advertising.

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Indian tech firms meet lawmakers; gaming investors seek status quo on GST

Startups have long complained about Google’s billing policy, under which platforms have to pay a 30% fee to Google for in-app purchases.

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Global investors of gaming companies mail FM for status quo on GST

Over the past few years, there has been an ongoing debate on whether taxes should be applicable on the total transaction value or the net commissions (revenues) or what is called GGR that accrue to these gaming firms.

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Disney Star acquires Cricket Australia media rights for seven years for $280 million

The Australian cricket board is likely to make an official announcement this week.

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New IT rules soon for social media, OTT platforms; SM companies could lose shield over content

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Ex-Coinbase manager arrested in US crypto insider-trading case

US authorities arrested and charged a former Coinbase Global Inc. product manager with allegedly leaking insider information to help his brother and a friend buy tokens just before they were listed on the crypto exchange.

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Thursday, July 21, 2022

Koo signs MoU with Telangana government, to open development center in Hyderabad

Koo was launched in March 2020. The objective was to enable users to express themselves online in their mother tongue. Currently, it is available in 10 languages – Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English. The app has over 40 million downloads.

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Rohit Kapoor quits Oyo, said to be in talks with Swiggy to join as the new CEO of food delivery business

Oyo had announced in March that that its global chief business officer, Ankit Tandon will take on the additional responsibility of Southeast Asia with a specific focus on Indonesia and the Middle East region as its CEO.

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Wednesday, July 20, 2022

Local research into manufacturing processes critical for India's semiconductor play

Ajai Chowdhry, co-founder of HCL Technologies and a member of the Indian Semiconductor Mission's advisory panel, told ET that policy makers have to take note of the obvious lack of local research that bolsters semiconductor manufacturing, a “missing piece” in the country's $10 billion plan for self-reliance in semiconductors.

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Redmi K50i launch Live Updates: The Redmi K-series comes back to India

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Early-stage venture capital firm First Cheque closes second fund at Rs 38 crore

The company has backed software developing startup Kaching, ecommerce startup Mall91 and edtech platform Seekho among others.

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Samsung confirms ‘Unpacked’ event for August 10: Here’s what to expect

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Judge sets October trial for Elon Musk-Twitter takeover dispute

Twitter is trying to force the billionaire to make good on his April promise to buy the social media giant for $44 billion — and the company wants it to happen quickly because it says the ongoing dispute is harming its business.

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Govt extends PLI application deadline for telecom products till August 5

The extension of the deadline, according to an official statement, was done following requests by interested companies and to encourage wider participation.

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Multiples Alternate Asset Management invests $30 million in fintech platform Niyo

Niyo had raised $100 million in its Series C round from Accel and Lightrock India in February. It has raised $180 million so far, including the latest round.

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