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Showing posts with the label Tech-Economic Times

Zomato raises $195 million in funding from 6 investors, valuation touches $3.6bn

Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8% on fully converted and diluted basis, it added. from Tech-Economic Times https://ift.tt/32LnUq6

EY India acquires artificial intelligence start-up started by four IIT alumni

Spotmentor is an end-to-end skilling platform to help businesses identify skills required for the future of work, up-skilling and re-skilling talent. from Tech-Economic Times https://ift.tt/3pwgtNA

Turkey fines Google for abusing market dominance

In a statement released Friday, the Competition Authority said Google and its parent company Alphabet Inc had made it difficult for companies to show up in searches if they did not generate advertisement revenue for Google. from Tech-Economic Times https://ift.tt/2H0xwpv

Nandan Nilekani on digital route to deliver Covid vaccine in India

'2.6 billion doses of intramuscular vaccines in two years is an extraordinarily complex and sophisticated task and without digital orchestration I do not see how it could be done.' from Tech-Economic Times https://ift.tt/2K3Ofcx

Infosys sees most large deals in $100-$250 million spot

There has been a surge in demand for modernisation work from across sectors as services are being shifted online, said chief operating officer Pravin Rao. from Tech-Economic Times https://ift.tt/38BHgSj

Aavishkaar, Circulate invest $18 million in Nepra Resource Management

Nepra processes over 500 tonnes of dry waste every day across Ahmedabad, Indore, and Pune and works with 1,700 waste pickers and collectors. The waste management firm now looks to expand its footprint across India. from Tech-Economic Times https://ift.tt/3nbZGgG

SVL secures 25 million euro for Neev-II Fund from EIB

Social impact investing has picked up in India with many funds, both local and global, making a beeline to invest in companies that promise to make a social, sustainable impact. from Tech-Economic Times https://ift.tt/3ksb8TE

SoftBank, others may pump $55-$60 million into Grofers to help fight bigger rivals

Valuation to remain flat as competition heats up in grocery e-tailing sector from Tech-Economic Times https://ift.tt/3eYjW2j

Venture debt firm BlackSoil raises Rs 110 crore for maiden AIF

The firm has invested in companies such as Oyo, Zetwerk, Spinny, Purplle, Koye Pharma, and LetsTransport. from Tech-Economic Times https://ift.tt/3klNkRm

Facebook, swamped with misinformation, extends post-election U.S. political ad ban

Alphabet's Google also appeared to be sticking with its post-election political ad ban. Facebook and Google together control more than half the market from Tech-Economic Times https://ift.tt/3pieY5k

YouTube back up after worldwide outage

DownDetector.com, a website which monitors outages, showed nearly 286,000 incidents of people reporting issues with the service. from Tech-Economic Times https://ift.tt/38z4KaJ

PLI scheme will boost local manufacturing of electronics, computer and components: Industry

The cabinet approved outlay over a five-year period is Rs 6238 crore for white goods and Rs 5,000 crore for IT products which will be passed as financial incentives to companies who invest on local production and apply for the PLI scheme. The finer details are yet to be announced. from Tech-Economic Times https://ift.tt/36q3UdK

Australian AI agency Versa forms JV with Mogae to enter India

Versa India will focus on creating conversational experiences that will help streamline customer experiences from Tech-Economic Times https://ift.tt/32Bgshq

KPIT announces multi-year deal with BMW Group

​​As part of the strategic collaboration, KPIT has been nominated as the single source software integration partner for the next generation 11KW combined charging electronics program powering the upcoming BEV’s of BMW Group. from Tech-Economic Times https://ift.tt/3klvA8s

Experts say CCI has a strong case against Google

The Competition Commission of India’s case against Google seems to be a 'strong one' and could lead to new regulations, internet and competition law experts said, adding that the US-based technology giant could change some of its policies if the allegations of abuse of market power are proved true. from Tech-Economic Times https://ift.tt/35hQz7P

Mukesh Ambani takes on Amazon in one of the world's last big consumer markets

Reliance group’s JioMart – which only started this year and is still in the beta phase – has had delivery snafus and refund delays, and some users haven’t been shy about venting on Twitter. All that means winning big against Walmart and Amazon could take years. from Tech-Economic Times https://ift.tt/3liX1Ba

Digital tax on US multinationals: Joe Biden election adds to the twist

Under the Base Erosion and Profit Shifting (BEPS) framework, large economies—barring the US—have come together to tax the global income of digital companies. Indian taxman wants companies to discuss issues if any that they could face under pillar 1 and pillar 2. The US had refused to be part of BEPS claiming that it largely targets American multinationals such as Apple, Amazon, Facebook and Google. from Tech-Economic Times https://ift.tt/2IqhJ3N

Future urges HC to stop Amazon from 'derailing' Reliance deal

The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open. The order was passed after hearing day-long arguments on behalf of FRL, FCPL, Reliance and part arguments by Amazon. The arguments on behalf of Amazon will continue on Wednesday. . from Tech-Economic Times https://ift.tt/2IoHBgB

India's engineering goods exports may decline due to second wave of Covid infection in Europe

Most of the engineering exporting companies were functioning at 60-70% of capacity and exports had touched 60-70% and were steadily rising, said Murali Shankar Sambasivam, director at Super Auto Forge, but a second wave could mean serious trouble for the sector. from Tech-Economic Times https://ift.tt/3lnS5Lp

India PC market clocks 9.2% growth to 3.4 million units in September quarter: IDC

"(About) 3.4 million units (were) shipped during the quarter, as the demand for e-learning and remote working remained strong, resulting in Q3 2020 being the biggest quarter in the last seven years in India," IDC said on Tuesday. from Tech-Economic Times https://ift.tt/3pkmtIO