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28/02/2024

Bill Gates visits Microsoft's India Development Center in Hyderabad
The development centre is celebrating its 25th year of research, engineering, and development, marking its pivotal role in shaping world-class products such as Azure, Windows, Office, Bing, Copilot, and other AI applications, according to the company.

The development centre is celebrating its 25th year of research, engineering, and development, marking its pivotal role in shaping world-class products such as Azure, Windows, Office, Bing, Copilot, and other AI applications, according to the company.

28/02/2024

Tech Mahindra, Pegatron sign MoU to develop private 5G solutions for enterprises
The partnership will enable the two organisations to jointly identify opportunities globally, with Pegatron providing the 5G connectivity layer and Tech Mahindra offering end-to-end 5G services.

The partnership will enable the two organisations to jointly identify opportunities globally, with Pegatron providing the 5G connectivity layer and Tech Mahindra offering end-to-end 5G services.

28/02/2024

Meta launches ‘Know What’s Real’ campaign to combat misinformation
The social media giant said the aim of the campaign was to educate users on identifying and addressing misinformation on WhatsApp and Instagram by promoting digital best practices and highlighting available safety tools.

The social media giant said the aim of the campaign was to educate users on identifying and addressing misinformation on WhatsApp and Instagram by promoting digital best practices and highlighting available safety tools.

28/02/2024

Sundar Pichai says Gemini’s controversial responses ‘completely unacceptable’: report
Google CEO Sundar Pichai acknowledges and promises to fix the controversial responses generated by AI chatbot Gemini. The chatbot faced backlash for equating Elon Musk with Adolf Hi**er and inaccuracies in generating images. Google plans to relaunch Gemini soon and has apologized for the issues.

Google CEO Sundar Pichai acknowledges and promises to fix the controversial responses generated by AI chatbot Gemini. The chatbot faced backlash for equating Elon Musk with Adolf Hi**er and inaccuracies in generating images. Google plans to relaunch Gemini soon and has apologized for the issues.

28/02/2024

PayU makes five new additions to board, Laurent Le Moal joins as non-independent director
PayU Payments strengthens corporate governance with new board members, including Renu Sud Karnad, IUHF president, and Laurent Le Moal. PayU India plans for a public listing after selling global operations to Rapyd.

PayU Payments strengthens corporate governance with new board members, including Renu Sud Karnad, IUHF president, and Laurent Le Moal. PayU India plans for a public listing after selling global operations to Rapyd.

28/02/2024

Koo says in talks for strategic partnership as Dailyhunt eyes acquisition
Mayank Bidawakta announced on LinkedIn that Koo is in discussions for a strategic partnership with multiple partners. VerSe Innovation is in advanced talks to acquire Koo through a share-swap agreement. The potential deal could be finalized within weeks. Koo's investors include Tiger Global, Accel, and 3One4 Capital.

Mayank Bidawakta announced on LinkedIn that Koo is in discussions for a strategic partnership with multiple partners. VerSe Innovation is in advanced talks to acquire Koo through a share-swap agreement. The potential deal could be finalized within weeks. Koo's investors include Tiger Global, Accel,....

28/02/2024

Sam Bankman-Fried says 63-78 months should guide sentencing for FTX fraud
Lawyers for FTX founder Sam Bankman-Fried on Tuesday suggested to a U.S. judge that sentence ranging between 63 and 78 months would be an appropriate punishment for his conviction on charges of stealing $8 billion from customers of his now-bankrupt cryptocurrency exchange.

Lawyers for FTX founder Sam Bankman-Fried on Tuesday suggested to a U.S. judge that sentence ranging between 63 and 78 months would be an appropriate punishment for his conviction on charges of stealing $8 billion from customers of his now-bankrupt cryptocurrency exchange.

28/02/2024

Apple met with DOJ officials to avoid antitrust lawsuit
Antitrust enforcers, probing the company since 2019, allege that Apple has imposed software and hardware limitations on its iPhones and iPads to impede rivals from effectively competing.

Antitrust enforcers, probing the company since 2019, allege that Apple has imposed software and hardware limitations on its iPhones and iPads to impede rivals from effectively competing.

28/02/2024

GoTo, TikTok compliance with Indonesia's trade regulation nears 100%: CEO Patrick Walujo
Indonesian tech firm GoTo will soon be 100% compliant with the trade ministry regulation banning in-app transactions on social media. TikTok, owned by ByteDance, acquired majority shares in GoTo's e-commerce unit Tokopedia.

Indonesian tech firm GoTo will soon be 100% compliant with the trade ministry regulation banning in-app transactions on social media. TikTok, owned by ByteDance, acquired majority shares in GoTo's e-commerce unit Tokopedia.

28/02/2024

EU probes Microsoft's security software practices
Companies over the years have complained about Microsoft's bundling services and its cloud-computing practices, which European regulators have investigated. Microsoft has said it has worked to address rivals' concerns.

Companies over the years have complained about Microsoft's bundling services and its cloud-computing practices, which European regulators have investigated. Microsoft has said it has worked to address rivals' concerns.

28/02/2024

Bumble to lay off 350 employees, forecasts weak first-quarter revenue
Bumble, led by CEO Lidiane Jones, cuts jobs and expects disappointing Q1 revenue due to a slowdown in user spending. The company plans to relaunch apps, target younger users, drive revenue growth, expand globally, and revamp the eponymous app to meet analysts' expectations.

Bumble, led by CEO Lidiane Jones, cuts jobs and expects disappointing Q1 revenue due to a slowdown in user spending. The company plans to relaunch apps, target younger users, drive revenue growth, expand globally, and revamp the eponymous app to meet analysts' expectations.

28/02/2024

EBay beats earnings estimates on strong US holiday spending
eBay beats market expectations for revenue and profit driven by healthy consumer spending during the holiday season. eBay's board authorizes a $2 billion share repurchase program. eBay's marketplace benefits from consumer spending amid an easing economy. UK and Germany face weakness and job cuts.

eBay beats market expectations for revenue and profit driven by healthy consumer spending during the holiday season. eBay's board authorizes a $2 billion share repurchase program. eBay's marketplace benefits from consumer spending amid an easing economy. UK and Germany face weakness and job cuts.

28/02/2024

NCLT reserves order on Byju’s rights issue; Meity tweaks IT rules
Byju’s and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea about the edtech firm’s rights issue. This and more in today’s ETtech Morning Dispatch.

Byjus and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea about the edtech firms rights issue. This and more in todays ETtech Morning Dispatch.

28/02/2024

Startup Mahakumbh to tell the world that spring is coming
Three-day congregation of new economy ecosystem to highlight the promise of Indian startup sector.

Three-day congregation of new economy ecosystem to highlight the promise of Indian startup sector.

28/02/2024

On ‘quick’ path to profitability: Challenges for quick commerce companies
Efforts to make commerce quick has seen spends on areas ranging from data science and technology to customer acquisition and retention. Companies are of the view that growth in the number of orders and subsequently their topline is what will make the bottomline improve.

Efforts to make commerce quick has seen spends on areas ranging from data science and technology to customer acquisition and retention. Companies are of the view that growth in the number of orders and subsequently their topline is what will make the bottomline improve.

28/02/2024

MeitY tweaks IT rules, surveillance data to be deleted within six months
Until now, the power to delete was with the security agency which had requested the surveillance either from the home ministry or a competent court.

Until now, the power to delete was with the security agency which had requested the surveillance either from the home ministry or a competent court.

28/02/2024

How dark stores are powering quick commerce's rise
At the heart of the ‘quick’ behind this new form of commerce are micro warehouses that have mushroomed all over urban commercial centres. Operated by players such as Zomato’s Blinkit, Zepto, Swiggy Instamart and Bigbasket’s BB Now, they house a limited number of high-frequency use products.

At the heart of the ‘quick behind this new form of commerce are micro warehouses that have mushroomed all over urban commercial centres. Operated by players such as Zomatos Blinkit, Zepto, Swiggy Instamart and Bigbaskets BB Now, they house a limited number of high-frequency use products.

28/02/2024

The 10-minute challenge: Quick-commerce becomes the villain for neighbourhood kirana stores
Quick commerce companies now make up 40-50% of all e-commerce sales of FMCG firms and they pose an existential threat to both neighbourhood kirana stores as well as big e-comm players. Here’s what makes them tick.

Quick commerce companies now make up 40-50% of all e-commerce sales of FMCG firms and they pose an existential threat to both neighbourhood kirana stores as well as big e-comm players. Heres what makes them tick.

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