Global cybersecurity market grows 16% to reach $17.8 billion in Q3

The global cybersecurity market grew 15.9 per cent year on year to $17.8 billion in the third quarter this year, despite deteriorating economic conditions, a report has shown.

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New Twitter navigation tools arriving in January: Elon Musk

Elon Musk on Saturday announced that new navigation features will arrive on Twitter in the New Year, as he aims to rejig the whole experience to make the platform faster.

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Logistics firm Trackon eyes Rs 100 crore revenue from B2B operations

At present, the company has around warehouses across the country, mostly servicing B2C or corporates and plans to nearly double its services to 10,000 pin codes over the next few years, from 5600 pin codes now

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Sam Bankman-Fried set to enter not guilty plea in FTX fraud case: report

Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions.

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Indian IT/BPM market is driving adoption of low-code solutions: Microsoft

The general demand for its LCNC solutions in India is growing on par with global markets as more organizations adopt digital solutions but continue to suffer from a technical talent deficit, said Charles Lamanna, corporate vice president, power platforms group, Microsoft.

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Swiggy pilots premium grocery business with Handpicked

Unlike its quick commerce business Instamart, the products listed on Handpicked will only be delivered the next day, and consumers can only access the service through invites.

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Huawei says it's out of 'crisis mode', though revenue flat

Huawei Technologies Ltd, China's first global tech brand, has struggled since then-US President Donald Trump blocked its access to US processor chips and other technology in 2019 on grounds that Huawei could facilitate Chinese spying.

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Cyber attacks against Indian government agencies doubled in 2022: CloudSEK report

India, along with China, USA and Indonesia, continued to be the most targeted countries in the last two years accounting for 40% of the total incidents reported in the government sector.

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E-bike startup GearHead Motors raises Rs 6 crore in funding

The fresh funds will be used to expand the startup’s operations pan India of high-quality electric bikes to accelerate growth in electric vehicles.

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Electric vehicle sales on track to cross 1-million milestone this year

According to data on the government's Vahan website, about 9,89,000 EVs have been registered with regional transport offices till Thursday. The numbers already show a more than three-fold increase from 2021. The numbers do not include data from Telangana.

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Bahamas regulator holds FTX assets pending delivery to customers, creditors

FTX's Bahamas unit's digital assets were transferred to digital wallets under the exclusive control of the commission in November soon after the company and its hedge fund Alameda Research and dozens of affiliates filed for U.S. bankruptcy.

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Digital intermediaries hoping for a nuanced definition under Digital India Act

Digital intermediaries currently include internet service providers, cloud service providers, consumer-facing social media platforms, and video sharing sites.

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Google gets notices from CCI for non-payment of penalties amounting to nearly Rs 2,274 cr

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Google employees brace for a cost-cutting drive as anxiety mounts

The worries have grown as Google's tech industry peers have handed out pink slips amid a souring global economy. Last month, Meta, the owner of Facebook and Instagram, purged its ranks by 11,000, or about 13% of its workforce.

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US-listed Chinese tech companies cancel HK-listing plans: report

While the Chinese ecommerce firm has paused discussions of a potential Hong Kong listing, freight company Full Truck Alliance has scrapped its long time plan, according to the report.

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ETtech’s 2022 Year in Review Special

Over the past few weeks the ETtech team has been chronicling all the big news events that shaped 2022. We’ve tried to make sense of all the important developments that have impacted companies, sectors and people working in the tech and startup sector. Today we are replugging our exclusive State of Startups survey, the most important CXO movements, widespread layoffs, and analysis on what 2023 will be like for sectors like fintech and edtech.

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Twitter down for thousands of users, many unable to sign in

​​Some users also complained that their Twitter notifications were not working, while others got an error and the tweets were not showing up in their feed​​.

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DTH firms turn to OTT aggregation to stem user churn

Aggregating OTT may help DTH platforms retain customers, diversify offerings: Expert

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MoS IT Chandrasekhar cautions Zoom CEO Yuan on incorrect map of India

A tweet shared by Yuan showing the top video calling platforms in each country portrayed a map of India in which the union territory of Jammu and Kashmir was not shown.

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No longer startup, time to grow up

A section of startups with proven growth strategies can also use the downturn in private investment to prepare for listing. Open market appetite will revive, and some companies could see merit in not leaving that money on the table when it does.

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From IT rule tweaks to Thanos' snap at Twitter, social media hits reset in 2022

The year gave a tonne of new ways for users and platforms to reward creativity, and pay the creators. Tumblr launched tip jar feature and YouTube announced new pathways for creators to make money for their content.

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FTX customers file class action to lay claim to dwindling assets

The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company.

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Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exits

This time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Longhouse Consulting, 52 of India’s new-age companies fired almost 18,000 employees between them in 2022. Shockingly, almost half of these took place at just 15 edtech companies as Covid’s retreat battered the sector.

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2022 Year in Review: Udaan, Ola and Oyo log most senior executive exits this year

At least 50 top executives - ranging from C-suite to category and business heads - left Udaan in 2022, as the company grappled with funding and business model issues, even as two of its founders moved away from active roles over the course of the year.

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actyv.ai welcomes Rajeev Mittal and Radhakrishnan as advisors

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Lionsgate Play targeting double-digit share in Indian OTT market

Rohit Jain, MD, Lionsgate South Asia, said the Indian SVOD market has 50–60 million paying subscribers, and the number of such customers is expected to rise to 75–80 million in the coming years.

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ETtech State of Startups Survey 2022; revisit this year’s top-level movements

Indian startups have had a torrid 2022, and it shows. In our annual survey on the state of homegrown startups, which took place during a crippling funding winter this year, 87% of respondents said they would not shy away from shutting down unviable businesses and restructuring their organisations. That’s a sea change from 2021, when ‘growth at any cost’ was the prevailing mantra.

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Campaign to educate on online gaming, crypto

New strategy to target various asset classes and cover all Ponzi schemes.

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ETtech State of Startups Survey: Conserve cash, cut burn, turn profitable

Top founders, investors & internet execs polled amid tech winter. 64% of respondents see funding crunch easing in second half; 87% open to closing unviable businesses .

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Apple Japan hit with $98 million in back taxes: report

According to Nikkei, bulk purchases of iPhones by foreign shoppers were discovered at some Apple stores with at least one transaction involving an individual buying hundreds of handsets at once and the store missed taxing at least one possible reseller.

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Indian-American MIT scholar VA Shiva Ayyadurai wants to be the next Twitter CEO

Mumbai-born VA Shiva Ayyadurai, 59, who holds four degrees from the Massachusetts Institute of Technology (MIT), including a PhD in biological engineering, took to his Twitter to apply for the position.

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Indian fintech faces tough 2023; PayU India lays off 6% of employees

The operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory changes over the past few months, multiple founders and investors told us.

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2022 Year in Review | A tumultuous 2023 awaits fintech startups

With the regulatory overhang on fintechs continuing, and the Reserve Bank of India (RBI) taking steps to regulate various aspects of the sector, investors are expected to remain selective in their approach, leading to potential consolidation in the coming months.

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Time for 'cockroaches, not unicorns': layoffs, funding winter set to continue

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession the world went through in 2008-2009 that began with Lehman Brothers collapse.

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Will metaverse come out of its cocoon or fail to woo netizens?

Meta (formerly Facebook), which sacked more than 11,000 employees in 2022, is reportedly struggling to gain and keep users on its social virtual reality (VR) platform called Horizon Worlds -- its biggest bet to fulfil its $10 billion metaverse dream.

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Google's anti-competitive activities harm Indian consumers, economy: MapMyIndia CEO

Google has approached the appellate tribunal NCLAT to challenge the CCI order on unfair business practices in the Android mobile device ecosystem, alleging that the decision presents a major setback for its Indian users and businesses, who trust Android's security features and potentially raises the cost of mobile devices.

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WhatsApp working on feature to let users report status updates

Meta-owned messaging platform WhatsApp is reportedly working on a new feature which will provide users the ability to report status updates on desktop beta.

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Wadhwani AI gets $1 million grant from Google.org to build AI solutions in agriculture

Wadhwani AI had received a USD 2 million grant from Google.org in 2019 to support the CottonAce AI-powered pest management solution.

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Twitter Blue users now get 'prioritised rankings in conversations'

Micro-blogging platform Twitter has updated the list of features for its Blue service, which mentioned that subscribers paying for the $8 per month service will now get "prioritised rankings in conversations."

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FBI 'obviously overreached' with regard to online censorship: Elon Musk

The 'Twitter Files' earlier alleged that top Twitter executives, including former top FBI lawyer Jim Baker, suppressed and censored former US President Donald Trump in the days before the 2020 election, finally deplatforming him on January 8, 2021 - two days after the storming of the Capitol Hill that left five dead.

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Twitter removes suicide prevention feature, says it's under revamp

The removal of the feature, known as #ThereIsHelp, had not been previously reported. It had shown at the top of specific searches contacts for support organizations in many countries related to mental health, HIV, vaccines, child sexual exploitation, Covid-19, gender-based violence, natural disasters and freedom of expression.

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Elon Musk freed the bird, but who'll free him?

Last Sunday, Twitter announced new rules under which it would suspend accounts that posted links to other social media platforms such as Facebook and Instagram with the main purpose of promoting content on these platforms.

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Apple Watches violate AliveCor patents but import ban on hold: US ITC

Apple said in a statement that it "firmly" disagreed with the ITC decision but was pleased that the import ban was paused.

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Microsoft tells judges its $69 billion Activision deal would benefit gamers

ACTIVISION-M-A-MICROSOFT-Microsoft tells judges its $69 billion Activision deal would benefit gamers

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Ex-WhatsApp Pay India head may join Tata Digital; house panel flags Big Tech’s ad monopoly

A week ago, WhatsApp Pay's India head Vinay Choletti quit the company just after four months he was elevated to the position. His resignation is the fourth high-profile exit in about one-and-a-half months from Meta in India after its country head Ajit Mohan stepped down in November. Now, Choletti is in talks to join Tata Digital’s payments business.

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House panel finds Big Tech’s ad business a ‘monopolist threat’

A call to action wants govt to act early and head off anti-competitive behaviour in digital markets.

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FTX founder Bankman-Fried to be released on a $250 million bond

Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse of the FTX crypto exchange, a federal magistrate judge said on Thursday.

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ByteDance finds employees obtained TikTok user data from two U.S. journalists

ByteDance employees accessed the data as part of an unsuccessful effort to attempt to investigate leaks of company information and were aiming to identify potential connections between two journalists and company employees.

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India handset shipments may get hurt if China Covid waves persist

The disruptions - if at all - will impact the launches slated for early next year. Brands have already stocked up on components for older models to maintain production at levels required to service the local demand. Furthermore, they will also have higher inventory going into the next year because of an expected slower fourth quarter.

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Elon Musk expects Twitter to be 'cash flow break-even' next year

Twitter was previously tracking toward a "negative cash flow situation of $3 billion per year" before the cost cuts, Musk said on Wednesday in a Twitter Spaces audio chat.

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