06 Dec 2019

1. Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data These startups are working in aeronautics, aerospace and defense sectors Government has launched Innovations for Defence Excellence framework to achieve self-reliance in the defense sector DRDO has launched the Technology Development Fund under the Make In…

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20 Nov 2019

1. TikTok is aiming at a bigger audience than U.S. Senators For TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to take off because it has direct access to that all-powerful youth demographic. With…

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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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11 Nov 2019

1. Alibaba Singles’ Day sales touch $1 billion in 1 minute, $16.3 billion in less than 90 minutes Alibaba is all set to break its last year record of Singles’ Day sales as it clocked more than half of what it did last year in less than 90 minutes….

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08 Nov 2019

1. Tech Mahindra and Israeli startup Atidot collaborate on AI-based insurance solution Through this partnership, the companies will provide a platform to increase profitability for insurance companies by predicting customer behavior, lapse patterns and improve their cross-sell as well as upsell capabilities. The solution will bring new benefits to…

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07 Nov 2019

1. Bull run for private technology funding market coming to an end: Softbank’s Deep Nishar Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation. SoftBank…

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02 Nov 2019

1. Flipkart’s FY19 revenue up 42% to Rs 43,615 crore In the previous financial year, Flipkart Group’s total revenue increased by 50% to Rs 30,644 crore. For Flipkart, the growth in revenue has, however, been slower than last year. Source: ET 2. ICICI Bank offers online networking assistance to SMEs…

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26 Oct 2019
iPhone image

1. Early Diwali hurts Amazon’s Q3 growth According to analysts, Amazon and rival Flipkart sold goods worth $3 billion, or about Rs 21,380 crore in India during the first leg of the festive sales period, a growth of 30% over last year. Analysts said Amazon’s India business reduced the…

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22 Oct 2019

1. Walmart CEO writes to PM, seeks a stable business environment The letter comes in wake of Flipkart and rival Amazon facing probes over alleged roles in predatory pricing. McMillon had met PM Modi in New York on September 25 during the PM’s visit to the US. Source: ET 2….

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