Thursday 31 December 2020

Sales, legal, tech: Sectors where Covid positively impacted salaries

In the wake of Covid, customer's wants, needs, expectations and purchasing decisions are constantly evolving and marketing has come to play an important role. In particular, digital marketing has received a fresh impetus with all businesses - be it small, medium or large - turning towards or planning to adopt virtual modes of operation.

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SaaS startups may come under tax lens for adopting flipped structure

Revenue authorities feel India is getting shortchanged as flipping results in significant value being captured outside India without corresponding taxes being paid here.

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India's e-commerce sector sees big growth in 2021

Despite recovering quickly after the lockdown, Indian online retail growth was nowhere near the pace seen in US and China. 2021 could script a different story.

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The biggest tech trends to watch out for in 2021, from Fintech to E-Commerce

ETtech reporters looked at the technological trends that drove our lives in a year which was crippled by the Covid-19 crisis and what we can look forward to in 2021.

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IT firms to see $900 billion digital tech market by 2025: Analysts

IT services providers are looking at a potential $900 billion digital technology-led services market by 2025, as more organisations transform their businesses to cater to customers online.

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12-yr-old London girl can sue TikTok for privacy breach, court grants anonymity

TikTok has come under increased scrutiny by several EU data watchdogs over children’s data.

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The next big idea is called India, says Rajan Anandan

The next decade is not going to be focussed only one or two sectors.

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IT firms to see $900 bn digital tech market by 2025: Analysts

IT services providers are looking at a potential $900 billion digital technology-led services market by 2025, as more organisations transform their businesses to cater to customers online.

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Tiger Global keeps up Its India investments in a pandemic year

Tiger Global’s India investments tallied at $529 million in 2020, second only to SoftBank Group, which invested $799 million in Indian startups.

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New Aadhaar-based mechanism could solve the hassles of changing addresses in 2021

The government is working to integrate the backend data to seamlessly update addresses at all databases linked to a person's Aadhaar.

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Govt directs ED, RBI to act against Amazon, Flipkart for violation of FDI, FEMA

In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned Flipkart.

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Wednesday 30 December 2020

Digital payments battle costs companies $900 million in loss

The large losses of the consumer-focused payments companies is similar to what’s been happening in the e-commerce space with Walmart-owned Flipkart and Amazon India.

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Personal Data Protection Bill should not regulate non-personal data, says government panel

The panel said in the report that it would be appropriate to amend the provisions of the PDP Bill to ensure that it does not regulate non-personal data.

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India's top founders & VCs pick their startup of 2020

These startup founders also summed up how Covid-19 has transformed them as a founder or investor and the big tech shifts they expect in 2021.

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2020 Year in Review | Covid-19 split startup world into haves, have nots

Who gained, who lost? ETtech takes stock of the changing startup fortunes in a pandemic-marred year.

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Infosys’ Saudi JV partner files lawsuit against it in US court

Saudi Prerogative Company has alleged that Infosys falsely claimed that it was not making money from certain contracts and requested it to reduce its 8% commission by at least half or waive it off completely, which led to financial losses.

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MyClassboard raises Rs 4.5 crore funding from ICICI Bank

MyClassboard, a Hyderabad-based edtech startup, will use the funding from ICICI Bank to expand its offerings to 50 lakh students across 10,000+ and enter the Middle East and Southeast Asian markets.

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Isro Chairman K Sivan gets one-year extension till January 2022

K Sivan has led Isro’s efforts to allow private firms and startups to build rockets and satellites and operate them for customers.

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Unacademy makes its fifth acquisition of 2020 in NeoStencil

Unacademy, India’s second-most valued edtech startup, has acquired Neostencil for an undisclosed sum to grow its footprint in Tier II and Tier III cities of the country.

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Food delivery platforms, chains, report better numbers for December, expect a robust new year's eve

Swiggy said it is expecting an over 50% spike in orders on December 31 due to limited dine outs, on ground restrictions and more people choosing to party at home.

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Immersive technologies can bring about a big change in education: Klip VR founder Rishi Ahuja

Ahuja discusses how virtual reality and augmented reality can be used in classrooms, the problems in their mass adoption and so on.

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Indore-based agritech platform Gramophone secures investment of Rs 25 crores

Gramophone is a farming platform which gives farmers access to access to a range of inputs and implements, including seeds, fertilisers, nutrients, pesticides, and farming equipment.

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Businesses launch innovative products to battle Covid-19 amid consumer anxiety

Starting from CoronaOvens to lotions and protective fabric, the fear of the novel virus has given an impetus to the demand for such products, said companies which make them.

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Bitcoin hits new record, set for biggest monthly gain since 2019

The digital asset surged above $28,000 Wednesday to a record high, adding to its 47 per cent rally so far in December.

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Come 2021, consumers to have more 5G phone choices, and under Rs 20,000

In short, come 2021, mobile phone users wanting to future proof their smartphone buys will have more choices and at under Rs 20,000.

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GigIndia raises Rs 7.6 crore in pre-Series A funding round

GigIndia plans to use the funding to enhance its technology platform for building a larger community of gig workers, founder Sahil Sharma and Aditya Shirole say.

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CitiusTech expects Covid-19 impact to boost business in FY22

CitiusTech expects to grow at more than 20%, in line with its ambition to cross $500 million in revenue over the next 4-5 years, CEO Rizwan Koita says.

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Tuesday 29 December 2020

Shop-the-look app Browzzin to launch in India

Browzzin will use affiliate and social media marketing to help influencers generate income by sharing their curated tastes through the app.

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Amazon invested Rs 11,400 crore in India in 2019-20

Amazon has continued with its India investments despite most of its business units here registering losses during 2019-20.

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Overheated startup sectors may see a reset

Even as entrepreneurs joined forces through M&As to tackle the pandemic, the absence of Chinese money in the ecosystem resulted in muted large dollar deals in an already difficult year.

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Will use supervision tech to keep up with entities: RBI

The central bank will soon conduct a survey on RegTech adoption and, based on the findings, will come out with broad principles to encourage adoption of these tools.

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MX TakaTak rolls out Rs 100 crore fund for creators

Creators with story ideas that make a social impact to get a fund to back them on platform.

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Online shows decided Gen-Z wardrobes in a year of lockdowns

Products based on catchy shows are flying off the shelves as users develop an appetite for products inspired by on-screen drama

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Creating Entrepreneurs of Tomorrow



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IBM to redouble focus on hybrid cloud and AI: India MD

This comes amid the US-based technology giant’s previously announced restructuring process to split itself into two.

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2020 Year in Review | Of startup squabbles and billionaire battles

From Khatabook Vs Dukaan over IP rights to Reliance vs Amazon over Future Retail, 2020 saw its fair share of tiffs between Indian's tech companies. ETtech does a roundup.

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2020 Year in Review | How Covid-19 is reshaping online pharmacy in India

India’s online pharmacy sector, dominated by Pharmeasy, 1mg and Netmeds, was among the biggest beneficiaries of the pandemic-induced lockdown. Now, Reliance, Tata and Amazon are looking to make the most of the boom.

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Agri-tech startup Aqgromalin raises Rs 2 crore seed funding from global angel investors

The company said it would utilize the capital in setting up 500 micro-farms in the states of Tamil Nadu, Telangana, and Andhra Pradesh.

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PayPal's Tanya Naik joins Pine Labs as the Head of Omnichannel

Pine Labs serves more than 1,50,000 merchants in 3,700 cities with over 4,50,000 merchant touchpoints.

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NCOME secures Rs 3.6 cr funding led by Venture Catalysts, 9Unicorns, others

NCOME leverages technology to streamline conventional processes through online KYCs and digital escrow account openings.

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Resilient IT sector gears up for growth opportunities, challenges amid 'new normal'

There were concerns that the pandemic might have an impact similar to the one seen during the 2008 financial crisis.

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Data, AI to be clear differentiators for companies in the year ahead

For the technology industry in India, 2020 was the most challenging and transformational in its three-decade journey

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Monday 28 December 2020

Camera modes in smartphones that you must know



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Alibaba probe stirs worry about what's next for Chinese tech

Alibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com Inc. -- have shed nearly $200 billion in Hong Kong over the two sessions since Thursday.

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Ant considers holding company with regulation similar to bank: Report

Chinese regulators on Sunday ordered Ant to devise a plan to overhaul its business, the latest in a series of steps to rein in Ma's online finance empire.

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Mukesh Ambani is under pressure to turn his old-economy conglomerate into a technology titan

The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan, according to recent public statements and people familiar with the company’s plans.

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From Zoom to Quibi, the tech winners and losers of 2020



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VMware files lawsuit against Nutanix CEO Rajiv Ramaswami

Nutanix had appointed Ramaswami as chief executive on December 10, after founder Dheeraj Pandey had announced that he would be stepping down from the role.

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2020 Year in Review | Who's in, Who's out: Biggest executive moves in tech & startups sector this year

This year has been a mixed bag for India’s tech and startup sector. While Covid-19 accelerated the growth of edtech companies, businesses involved in the travel and hospitality industry bore the brunt of the pandemic.

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426 'rogue' lending apps currently on Play Store: Citizens' collective

Many of these apps, researchers say, indulge in "abusive lending practices” and seek wide-ranging intrusive permissions from users.

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HPBOSE 10th Result 2022 LIVE Updates: Himachal Board HP 10th result today at 11, check details here

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