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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27 Nov 2019

 1. Amazon deal flop: New York governor called ’embarrassment’ in flood of hate mail The three-term Democratic governor’s office was sent roughly 1,500 messages, via email and through the mail after Amazon unexpectedly pulled out of its multi-billion deal with New York to build a facility in the Long…

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26 Nov 2019

1. WhatsApp Invests $250,000 Into Indian Startup Ecosystem The investment will provide 500 startups approved by the Department of Industrial Policy and Promotion (DPIIT) with $500 (roughly Rs. 35,800) each of Facebook ad credits. Facebook-owned WhatsApp on Monday announced to invest $250,000 (roughly Rs. 1.8 crores) worth ad credits…

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25 Nov 2019

1. Paytm gets $1 billion top-up in the latest financing round Paytm said it had raised $1 bn in a financing round led by T Rowe Price with Ant and SoftBank also participating. Paytm had last raised $300 million from Warren Buffett’s Berkshire Hathaway in September 2018, valuing the…

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21 Nov 2019

1. Chinese VCs bring what money can’t buy for startups Chinese investors are connecting portfolio firms to other investors from the world’s second-largest economy, making introductions across the board, from manufacturers, design firms, supply chain experts, and exploring go-to-market strategies across geographies. China’s VC firms have been exploring the…

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19 Nov 2019

1. Mubi launches streaming service in India Mubi, a 12-year-old on-demand movie streaming, and rental service has arrived in India. Like other streaming services giants such as Netflix, Amazon Prime Video, Apple TV+ and Disney’s Hotstar, Mubi is offering its service at a slightly lower price in the key…

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19 Nov 2019

1. Jeff Bezos to visit India in January may meet PM Modi The Amazon chief is likely to make a case for a stable business climate and policy continuity, highlight the point that co-creates jobs and empowers small businesses. The world’s largest online retailer is said to be worried…

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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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11 Nov 2019

1. Microsoft uses AI to diagnose cervical cancer faster in India More women in India die from cervical cancer than in any other country. This preventable disease kills around 67,000 women in India every year, more than 25% of the 260,000 deaths worldwide. Effective screening and early detection can…

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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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