What's New?: October 2020

Saturday 31 October 2020

Atmanirbhar apps: Indian short-video app Mitron TV launches new discovery platform

The platform said with the launch of Atmanirbhar Apps, it wants to urge people to become ‘vocal for local’ and to bring the spotlight on the Indian apps from various geographies.

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Ather Energy opens full payment window for two variants of its vehicles in Bengaluru, Chennai

Ather Energy has 37 fast charging stations in Bengaluru and 13 in Chennai and will also be installing the same at newer locations in Chennai, it said adding this phase of installations of Ather Grid will be live across over 135+ locations by December 2020 in all the 11 cities that the company has announced its presence in.

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Dynamatic inks pact with CSIR-CSIO for joint development of futuristic solutions

The MoU was inked to develop collaborative activities in the research areas of Multi-spectral surveillance payloads of Unmanned Aerial Systems (UAS).

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Friday 30 October 2020

Cyfirma says India has faced higher threats from state-sponsored attackers in H1

Singapore-based cybersecurity firm CYFIRMA in its India Threat Landscape Report 2020 has said that due to increased digital adoption in India but low cyber maturity, more nations have been trying to 'breach India’s security parameters.'

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How K-pop and Korean drama had their breakthrough moment in India amid the pandemic

Korean content grew in popularity as more people found the time and inclination to find the perfect mental escape from the anxiety of the times we are in.

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MoUs to be inked with 25 startups for exchange of tech: IGCAR

The tie-ups would be on healthcare, environment- monitoring and chemicals, among others, IGCAR director A K Bhaduri said.

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ETtech Deals Digest: FreshToHome, Finova Capital, InVideo raise funds this week

A quick look at this week's most important investments in the tech and startup space.

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Google’s tryst with antitrust cases: Lessons for innovation

Antitrust legislation against Google is likely to benefit the world as long as it creates a more accommodating online space. We never know what innovations are waiting to emerge out of Google’s shadow. The case might also hold some valuable lessons for India where market concentration is becoming evident in sectors like telecom, retail and airports.

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Facebook using experience from polls in India to stop abuse ahead of US elections

Noting that next week will certainly be a "test" for Facebook, Zuckerberg said the company will continue "fighting to protect the integrity of the democratic process".

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PUBG Mobile, Lite version stop working in India from Friday

Tencent Games, that owns the mobile game, said on Facebook that it "deeply regrets this outcome" and thanked PUBG Mobile and PUBG Mobile Lite fans for their support in India.

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Immune to downturn? Big Tech continues its surge ahead of the rest of the American economy

Big Tech’s third-quarter boom could look modest when compared with the final quarter of the year. For Apple, it’s when consumers buy newly released iPhones. And the year-end shopping peak means lots of customers turning to Amazon for gifts, while advertisers rely on Google and Facebook for digital ads during the holidays.

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Rapido launches Mumbai operations, eyes profitability in 18 months

The motorcycle taxi service aggregator now has its operations spread across all metro cities in the country.

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US court asks Antrix to pay $1.2 billion compensation to Bengaluru startup

As per the agreement in January 2005, Antrix agreed to build, launch and operate two satellites and to make available 70 MHz of S-band spectrum to Devas.

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Thursday 29 October 2020

Amazon says its Diwali sale in India is off to a good start

The comments came on the back of Amazon posting a 37% year-on-year growth in international sales to $25.2 billion in the quarter that ended September.

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Amazon sees pandemic boosting holiday sales and investment in delivery

Since the start of the virus outbreak in the United States eight months ago, consumers have turned increasingly to Amazon for delivery of groceries, home goods and medical supplies.

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Swiggy expects food orders to return to pre-pandemic levels by year-end

Swiggy's food delivery has recovered to around 80-85% of pre-Covid-19 levels in terms of order value.

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Zomato names Akshant Goyal as new Chief Financial Officer

Goyal is the third company executive to hold the finance portfolio in the last two years.

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Desi Americans Trump Biden in Meme War

Social media sees a flood of memes with handles like 'Hindus for Trump', 'Chump for Trump'.

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Google says its products make relevant info readily accessible for users globally

"Our goal is to create the best possible products for users, from Search to Android to YouTube, making relevant information readily accessible around the world. Every year, we issue hundreds of improvements to our algorithms so as to ensure they surface high quality content in response to user queries," a Google spokesperson said in an e-mailed statement.

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ServiceNow says India among its fastest growing markets

The company’s third quarter financial results reported earlier this week were better than analyst expectations and were led by a growth in subscription revenue.

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Cognizant to give bigger hikes and promotions to employees in Q4: CEO Brian Humphries

Cognizant Technology Solutions’ revenue in the ongoing fiscal year will come in at the high end of its previously guided range of $16.7 billion, despite a challenging year, said CEO Brian Humphries.

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Vedanta launches initiative to rope in startups for exploring growth opportunities

The initiative is looking at startups from across the globe as part of the programme, working in areas such as asset optimisation and predictive maintenance, exploration, mining and blasting.

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Sports engagement startup Rooter finds its mojo in game streaming

The Indian platform pivoted to gameplay streaming during the lockdown and is now a leader in the segment.

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IBM, Indian Oil Corporation collaborate for digital services

The IndianOil One mobile app and portal are part of Indian Oil's Project ePIC, an integrated platform for Customer Relationship Management (CRM) and Distribution Management System (DMS).

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WeWork will be profitable by end of 2021, says CEO Sandeep Mathrani

The firm expects the Covid-19 pandemic to accelerate the demand for flexible workspace and take the occupancy to around 65% globally by 2021, helping to break even.

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India among top 10 gaming countries: Study

Despite low popularity of esports in India compared to countries such as the US and UK, the esports industry has a bright future in India, says YouGov.

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HAL, Tech Mahindra sign Rs 400 crore contract for 'Project Parivartan'

Tech Mahindra would be responsible for the transformation and modernisation of the ERP System as an implementation and support partner

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'Who the hell elected you?' U.S. Senate tech hearing becomes election showdown

The chief executives of Twitter Inc, Facebook Inc and Alphabet Inc's Google called the law crucial to free expression on the internet. They said Section 230 gives them the tools to strike a balance between preserving free speech and moderating content, even as they appeared open to suggestions the law needs moderate changes.

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Wednesday 28 October 2020

Teachmint gets $3.5 million in seed funding led by Lightspeed India

The startup said it will utilise funds to build out its product suite, introduce new offerings and increase its geographic reach.

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NPCI looking to port UPI success to the rest of Asia

NPCI's recently set-up subsidiary NPCI International (NIPL) and Kansas-based fintech company Euronet have jointly submitted a bid to the Central Bank of Myanmar (CBM).

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TCS splits cloud biz into 5 strategic units

India’s largest software services exporter has focussed on growing its Cloud practice for the last seven years, but it has now assumed higher revenue priority than ever, said Krishnan Ramanujam, president of business and technology services.

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NPCI looking to port UPI success to the rest of Asia

NPCI’s recently set- up subsidiary NPCI International and Euronet have jointly submitted a bid to the CBM to build the South Asian nation’s proposed Real-Time Retail Payments System and QRcode Generation and Repository System.

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Aarogya Setu app launched by GoI in public-private partnership mode

The government has clarified in a press statement that its contact tracing app Aarogya Setu was launched by Government of India in public-private partnership mode on April 2.

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Wipro to acquire BFSI solutions provider Encore Theme for Rs 95 crore

Founded in 2006 and headquartered in Chennai, Encore Theme provides trade finance solutions developed by Finastra, to financial services institutions across the Middle East, Africa, India and Asia Pacific.

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Samsung pips Xiaomi to become India's top smartphone brand after 2 years: Report

Korean handset maker Samsung pipped China’s Xiaomi to become the leading smartphone company after two years with 32% year-on-year growth in the July-September quarter of 2020.

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Railofy raises Rs 4 crore from Roots Ventures, others

"The fresh funding will help us scale our business and onboard new trains as they start operating. The funding will be used to cater to passenger demand in the upcoming festive rush and strengthen the presence pan-India to enable protection cover for all train classes across over 2,000 passenger trains by 2021," Railofy co-founder Rohan Dedhia said in a statement.

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Midsize IT firms expected to grow in FY21

L&T Infotech (LTI), Persistent Systems and Coforge have reported better-than-expected numbers, while Hexaware has reported more new business in the previous quarter compared to all of financial year 2019. Hexaware follows a January-December fiscal year.

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Facebook looking for WhatsApp payments head, professionals to fill other leadership roles

The latest job opening by Facebook is for a director to lead its WhatsApp payments business in India.

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Infosys turns carbon neutral 30 years ahead of 2050

In 2011, Infosys made a pledge to become carbon neutral by 2020.

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Microsoft, NSDC collaborate to empower 1 lakh women in India with digital skills

As part of the collaboration, more than 70 hours of course content will be made available free of cost, covering topics such as digital literacy, enhancing employability, nano entrepreneurship, and communication skills.

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Wipro to develop solutions for real estate sector with SAP

Wipro has launched the Tenant Acquisition Management (TAM) solution for the real estate industry.

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Digitalisation to drive $6.8 trillion IT spending from 2020 to 2023: IDC

The global economy remains on its way to its "digital destiny" as most products and services are based on a digital delivery model or require digital augmentation to remain competitive, IDC said.

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Oppo, OnePlus, Realme adopt aggressive IoT strategy in India

Oppo will soon enter new product categories such as smart TVs, having forayed into wearable space.

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BPM firms see surge in demand from festive sales

Startek, Conneqt Business Solutions and other BPM companies said the uptick has prompted them to hire more people across locations, including small cities.

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71% Indians expect companies to accelerate digital initiatives: Salesforce

This is lower when compared to the global average of 88% who felt that way.

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Live music ticketing platform Dice debuts in India

Dice chief executive Phil Hutcheon said they are investing heavily on the discovery and personalisation of event recommendations to customers

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Tuesday 27 October 2020

Rajesh Nambiar appointed as Managing Director of Cognizant India

At IBM, Nambiar was the General Manager and Global Leader for IBM’s Application Services Business. He has also served on the board of IBM India and as a member of The National Association of Software and Service Companies (NASSCOM) Executive Council while at IBM.

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