Thursday, July 6, 2023

TikTok emerges as threat to Amazon with $20 billion shopping pilot

For the company, best known for viral dance challenges and owned by China’s ByteDance Ltd., TikTok Shop is its fastest-growing feature with a burgeoning fan base in Southeast Asia.

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Wednesday, July 5, 2023

Industry bodies push for relaxation in Delhi EV transition timelines

After IAMAI, Nasscom, which represents companies like Flipkart, Amazon and Uber, and tech industry lobby group IndiaTech (which represents companies including Ola, Zomato and Zepto) have also flagged the timelines for EV transition.

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Twitter CEO Linda Yaccarino backs widely criticized tweet-reading rate limits

In the days since Musk's announcement, Twitter users posted screenshots showing they were unable to see any tweets, including on the pages of corporate advertisers, after hitting the limit.

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TweetDeck users need to get verified in 30 days: Twitter

Twitter users will need to get their account verified for using collaborative and content creation platform TweetDeck, the social media company said on Tuesday.

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Shein in talks with banks and exchanges about US IPO

Goldman Sachs, Morgan Stanley and JPMorgan Chase are among the banks helping Shein with its IPO preparation, according to six of the sources.

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Tuesday, July 4, 2023

Groww rolling out UPI payments via Pay feature

The platform is using the unified payments interface (UPI) infrastructure and allows users to make peer-to-peer payments as well as payments to merchants through scanning their QR codes.

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Tesla's blistering rally continues after quarterly deliveries beat

Tesla's stock rose 6% after it delivered better-than-expected quarterly results, showing that CEO Elon Musk's strategy of increasing volumes through discounts was effective. The company's market capitalization is set to increase by $50 billion to $900 billion. Tesla delivered 466,140 vehicles in Q2, up 10% from the previous quarter. Several analysts raised their price targets on the stock, stating that Tesla's annual deliveries target of 1.8 million vehicles seems conservative. However, there are concerns that the aggressive discounting strategy may impact margins. Despite this, analysts believe Tesla could continue to gain market share globally.

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Monday, July 3, 2023

Reddit users bid farewell to favourite apps with heartfelt posts memes

As many popular third-party apps on the social discussion forum Reddit, including the Apollo app, are now shutting down due to the platform's upcoming paid API (Application Programming Interface), fans are sending them off with heartfelt posts and memes.

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Meta's Twitter competitor briefly appeared on Google Play store

Alessandro Paluzzi, a developer who digs into app code to expose unreleased features, tweeted that Meta's Twitter-like app had been released into the Google Play store, reports The Verge.

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Sunday, July 2, 2023

Fashion accessory startup Zouk keen on more offline stores charts out FY24 growth blueprint

The brand, founded by IIM Ahmedabad batchmates and husband-wife duo Disha Singh and Pradeep Krishnakumar, had raised $3 million in fresh capital earlier this year, in a funding round led by Stellaris Venture Partners and participation from Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Manoj Meena of Atomberg and Vineeta Singh, Kaushik Mukherjee of Sugar Cosmetics.

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Over 2 lakh WordPress websites vulnerable to hacking due to plugin bug: report

According to WordPress security firm WPScan, the bug is present in the Ultimate Member plugin, which is a free user profile WordPress plugin that makes it easy to create online communities and membership sites with WordPress.

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AI, semiconductors, quantum to drive India's next infrastructure push: FM Sitharaman

Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated...