15 Jan 2020
Oyo to shut doors on 2,400 Indian staffers

1. Amazon’s Indian Units Get INR 1715 Cr Infusion Ahead Of Jeff Bezos’ Visit At a time when Amazon is under the scanner of competition watchdog Competition Commission of India, its Indian units— Amazon Wholesale and Amazon Pay— have received fresh capital infusions. Amazon’s payments arm, Amazon Pay, received…

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04 Jan 2020

1. “Adobe CTO says AI will ‘democratize’ creative tools” Adobe CTO Abhay Parasnis sees a shift happening. A shift in how people share content and who wants to use creative tools. A shift in how users expect these tools to work — especially how much time they take to…

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16 Dec 2019

1. Union Budget 2020: Sitharaman To Seek Inputs From Startups On Economic Revival As the countdown to the Union Budget 2020 begins, finance minister Nirmala Sitharaman will have pre-budget consultations with stakeholder groups from across sectors starting Monday, December 16. The Union Budget 2020-21 is likely to be presented…

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12 Dec 2019

1. Motorola One Power Starts Receiving Android 10 Update, Rollout to Complete by January 10 Motorola One Power is now receiving the Android 10 stable update. The update is rolling out to users in a staged manner to avoid any showstopper bugs. The rollout is said to take a…

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02 Dec 2019

1. IT services, tech startups put India on route to AI: ETILC For artificial intelligence and machine learning algorithms to run on big data, Indian companies require technology that will digitize and store data. The industry is now increasingly adopting this infrastructure. Since legacy systems are slow to change,…

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18 Nov 2019

1. Telegram takes off in India as startups drive adoption According to Prabhu Ram, Head, Industry Intelligence Group at CyberMedia Research, businesses prefer Telegram because it marries capabilities of WhatsApp and Snapchat — it’s secure, private and accessible. The edtech sector is the largest adopter of Telegram in India….

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15 Nov 2019

1. India second in seeking user information from Facebook Facebook said, based on the circumstances, it may voluntarily disclose information to law enforcement agencies if it has a good reason to believe that the matter involves imminent risk of serious physical injury or death. During the January-June period, Facebook…

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04 Nov 2019

1. The real reason why Uber moved in: To simplify tax math Earlier this month, Uber restructured and moved its entire India business – which partially operated from the Netherlands under Uber BV – to the India-domiciled Uber India Systems. This is Uber’s first such restructuring since 2014. This…

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07 Oct 2019

1. Bansal, Poonawallas to invest Rs 100 crore in lending company U Gro U Gro will use the funds to expand its businesses at a time when capital is scarce for the sector. U Gro started its disbursals in January this year and has disbursed more than Rs 600…

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05 Oct 2019

1. Paytm First Games raises $20 million for expansion This fund-raise will support the company’s ambition to scale its operations, invest in technology and further expand its user-base through various marketing activities. Paytm First Games has achieved more than 10 million monthly transactions with an annual revenue run rate…

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