PhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple people in the know. After breaking the story on Thursday morning, we get you details on what led to the failed transaction.
Typically, the campus placement process starts in July of every year, said D Ranganath, dean of placement and training at RV College of Engineering in Bengaluru. “
The appellate tribunal had set aside four directives issued by the anti-trust body, including one where CCI had asked Google to enable app developers to port their apps into different versions of the Android operating system for smartphones.
USA-FTX's Bankman-Fried pleads not guilty to campaign finance, China bribery charges
In a complaint to the agency on Thursday, a summary of which is on the group's website, the Center for Artificial Intelligence and Digital Policy called GPT-4 "biased, deceptive, and a risk to privacy and public safety."
The Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies, provided the entities involved have a strong business presence in India. Any such deals where the value exceeds Rs 2,000 crore will need to be notified to the Competition Commission of India (CCI).
In trying to force a vote - a move that rarely works in the Senate, since one senator's objection can block it - Hawley called TikTok "digital fentanyl" and argued it could give the Chinese government access to data from 150 million American users.
Tata Digital's much-hyped superapp Neu has had a slow start in its first year of launch. Sources told us that the platform contributed less than 10% of gross sales for two of its biggest digital assets — egrocer BigBasket and epharmacy 1mg.
Kurt Sievers, president and CEO of the Dutch semiconductor designer and manufacturer said he told PM Modi that he would “strongly recommend” India as a future location for their foundry partners.
The startup, present in India and United Arab Emirates, will utilise the capital to expand its business to 100 cities from 30 currently and for product development, founder Kapil Chopra told ET.
With this acquisition, LoanTap aims to leverage Unofin's expertise in healthcare financing to expand its reach in the rapidly-growing healthcare sector in the country.
The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward.
Indian consumers will be able to register their complaints on the National Consumer Helpline (NCH) with the help of a ChatGPT-powered mechanism being developed by the Ministry of Consumer Affairs (MCA), ET has learnt.
Design Café was valued at $96.5 million as of August 2022, data sourced through business intelligence platform Tracxn showed.
ChatGPT, developed by US-based OpenAI, is a chatbot that leverages artificial intelligence to offer answers to complex queries in a conversational and simple way. It was launched in November last year.
The tool, named 'Security Copilot', is a simple prompt box that will help security analysts with tasks like summarizing incidents, analyzing vulnerabilities and sharing information with co-workers on a pinboard.
Although Apple did not announce the acquisition, Bob Stankosh, WaveOne's former head of sales and business development, posted on LinkedIn about the sale of the startup to iPhone maker.
Tier 2 to tier 4 cities are outpacing the tier 1 cities in online shopping. According to an Indian Institute of Management Ahmedabad report, online shoppers from tier 2 to tier 4 cities spent up to 77% more than those from tier 1 cities in their last online shopping.
The change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to keep up with bigger rival Uber - which boasts better pricing power, a global presence and a food delivery business.
Members have also expressed concern over a lack of attention to protecting children’s data and the impact on the Right to Information (RTI) Act.
The report also said the billionaire businessman, who is a former English teacher, returned to China after a brief stop in Hong Kong, where he met friends and also briefly visited Art Basel.
The webcast, scheduled for Monday afternoon, was switched to a closed-door meeting with the first batch of companies that are testing the product, Baidu said in a statement on Monday morning.
Only a small minority of the US population owns cryptocurrency, but adoption increased during the COVID-19 pandemic as low interest rates made borrowing money and investing in risky assets more attractive.
First Citizens could reach a deal as soon as Sunday to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp (FDIC), according to Bloomberg News, which first reported the development.
Twitter moved Friday to have the leaked code taken down by sending a copyright infringement notice to GitHub, an online collaboration platform for software developers where the code was posted, according to the filing.
A top executive at a fantasy sports gaming platform said initially the government had set the July deadline for TDS applicability so that companies get enough time to comply, but the presence of two different taxation systems in a single financial year would have led to compliance problems and potential tax disputes.
The Cisco India top honcho also pointed to CoWIN (the digital backbone of COVID-19 vaccination programme) and India's digital health ID mission to highlight how the country had successfully engineered and scaled digital solutions.
According to the company, Bing will now craft AI-generated stories that provide you with multiple ways to consume "bite-sized information through text, images, video, and audio".
The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, pointing to a drop in Twitter's value.
Cloud kitchens, which boomed during the pandemic, are slowing down. They are busy redrawing their plans to adapt to the new reality
According to the report, the company plans to offer a liquidity event roughly a year from now, in which employees can cash out some of their equity.
The faster pace of the litigation could put additional pressure on both sides, but particularly on Google in building its defense, based on what the company in a court filing called an "imbalance" in the proceedings.
Co-launching Intel in 1968, Moore was the rolled-up-sleeves engineer within a triumvirate of technology luminaries that eventually put "Intel Inside" processors in more than 80% of the world's personal computers.
Earlier this week TikTok said it has more than 150 million monthly users (nearly half the population) in the US, up from 100 million just a year ago. However, the exponential growth of the short video platform comes at a time when it faces an existential crisis in the US as the Joe Biden administration seeks a ban or a potential sale of the platform to a local owner.
Most analysts expect the Indian IT sector to grow its revenue in mid- to high-single digits year on year in FY24, a steep climb down from the high growth registered in the past two years post the pandemic.
The high court asked Google whether it can say the application is harmful when it does not know verified reports about it. “Can you say it is harmful? You can say it is unverified and download it at your own risk,” the court said, while posting the matter for further hearing on April 26.
Binance suspended deposits and withdrawals earlier on Friday due to a "bug on a trailing stop order," Chief Executive Changpeng Zhao said in a tweet, adding that the pause in deposits and withdrawals was a standard operating procedure.
Several analysts believe that the global capability centre (GCC) ecosystem has significantly changed since the 2008 crisis stage and that the current crisis would result in an increase in GCC investments in the country.
The acquired office space, which combines flexible and traditional options, will be used to support the expansion of Google India and Google Connect Services India operations.
Advantage Indian IT firms as banks need core modernisation investments, say experts
The US short seller, behind a market rout of over $100 billion in India's Adani Group, said in its report that former Block employees estimated that 40% to 75% of accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual.
Unregistered offerings of such securities may not provide important data, including audited financial statements, for informed decision making, the SEC said.
Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out.
Chief Executive Chris Hyams, who will take a 25% cut in base pay, said future job openings were at or below pre-pandemic levels and that the company was too large.
Dan Levy, currently the social media giant's vice president of business messaging, said in a post to Meta's internal social network on Monday that he wanted to focus on family after losing a child to leukemia.
The Ministry of Consumer Affairs is working on new rules to make ecommerce platforms Lori Amazon and Flipkart liable for fraud committed by their sellers. This and more in today’s ETtech Morning Dispatch.
The consumer affairs ministry is working on tightening ecommerce rules to make online retail platforms liable for fraud committed by sellers and attaching “fallback liability” to their role as intermediaries, said a senior official.
The pause is owing to rising interest rates globally coupled with “new valuation anchors provided by the first large listings, and a slowdown in unicorn formation globally”, a Credit Suisse report said.
OpenAI temporarily shut down its popular ChatGPT service on Monday morning after receiving reports of a bug that allowed some users to see the titles of other users’ chat histories.
Just Eat Takeaway said its UK division will stop employing its own couriers -- and instead will only use self-employed gig economy workers.