KKR, CD&R said to near deal to buy out Cloudera and take it private

KKR & Co. and Clayton & Rice LLC (CD&R) are likely to finalise a deal today to acquire Cloudera at $16 a share, or about a 24% premium to its previous close, according to a Bloomberg report.

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View: Can we have more Zerodhas, please?

The old-style method of doing business with bootstrapped funds, building a great product, letting word of mouth grow the business and focussing on customer value creation still works.

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Crypto clarity or more subterfuge?

In today's ETtech Morning Dispatch newsletter, RBI sets aside its 2018 circular on cryptocurrency transactions at banks; PhonePe's legal intensifies over Indus OS acquisition; WazirX has launched its NFT (non-fungible token) market.

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Harsha Moily's $200 million fund to focus on climate tech companies

To fund ventures working on sustainable agriculture, alternative energy

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WhatsApp names Paresh B Lal as grievance officer for India on website

As per WhatsApp's website, users can contact Paresh B Lal - who is the 'Grievance Officer' - through a post box in Banjara Hills in Hyderabad, Telangana

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WazirX to launch NFT marketplace for India, South Asia

Non-Fungible Tokens are a unique digital representation of an art form living on a blockchain

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IIT Madras to collaborate with IBM on quantum computing

The collaboration would provide IIT Madras faculty, researchers, and students access to IBMs quantum systems and tools over IBM Cloud

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Infra.Market acquires Hyderabad-based Equiphunt in $10-million deal

As part of the Infra.Market-Equiphunt deal, Equiphunt founder Shashank Dangayach will get a stake in Infra.Market and Manish Sharma of Infra.Market will now join the board of Equiphunt.

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RBI says banks can’t use its 2018 circular to ban crypto transactions

In recent weeks, several lenders including HDFC Bank and State Bank of India, had officially flagged transactions relating to the purchase of cryptocurrency, warning customers of curbs, including permanent closure of accounts

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Capgemini and Ericsson tie-up will bring 5G innovation to industries in India

Capgemini has deployed Ericsson's '5G (standalone) Industry Connect' solution at its 5G Lab in Mumbai that will assist in bringing 5G and edge technologies to its clients across industries

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Twitter issues statement says 'will comply with applicable laws in India'

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Twitter’s timeline

From Twitter getting a three-week deadline to Mensa Brands raising $50 million and telecom gear makers worried about losing incentives, here's a quick look at the top tech news today.

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ET-Nasscom roundtable: Tech leaders on what India should do to get out of covid crisis

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Diabetes startup Breathe Well-being raises $1 million from 3One4, others

Breathe Well-being, a health-tech startup focused on type 2 diabetes, will use the funding for scaling its technology platform (Breathe app), strengthening the coaching academy and team expansion.

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Former Myntra CEO's Mensa Brands raises $50 million from Accel, others

The Series A round also saw participation of angel investors Kunal Shah, Mukesh Bansal, Rahul Mehta of DST Global and Scott Shleifer of Tiger Global, while Alteria Capital and InnoVen Capital have provided debt to the firm.

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Cognizant announces nationwide Covid-19 vaccination drive for associates

Cognizant is also delivering life-saving supplies, including 1,000 oxygen beds, ventilators, and covid vaccinations, using its $8.5 million Covid-19 relief fund, to the worst-hit communities.

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Twitter has to comply with new IT rules for digital media, says Delhi HC

While Twitter claimed before the Delhi High Court that it has complied with the rules and appointed a resident grievance officer, the central government disputed the claim.

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Tiger Global leads funding in health insurance startup Plum

Plum Benefits, a health insurer for startups including Groww, Urban Ladder and Unacademy, will use the funding from investors Tiger Global and others to scale its engineering, business development and operations teams.

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Jai Kisan raises $30 million in funding from Mirae Asset, others

Jai Kisan, a rural fintech startup, aims to use the funding to add talent, enhance engineering and data science capabilities, expand into new geographies and start building an on-book portfolio.

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Intel reiterates global chip shortage could last several years

The work- and study-from-home trend during the Covid-19 pandemic had led to "cycle of explosive growth in semiconductors" that has placed huge strain on global supply chains", Intel CEO Pat Gelsinger says.

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Paytm IPO before Nov, Delhivery funding, crypto curbs

In today's ETtech Morning Dispatch newsletter, Paytm IPO is likely "before November" this year; Delhivery raises more than Rs 2,000 crore ahead of its IPO next year; and Zerodha's profit more than doubled in FY21.

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Wipro Aerospace submits $31 million bid to acquire bankrupt US supplier of Boeing Inc

The bid, if successful, will help Wipro Aerospace bag more orders to supply systems and components for the Boeing 737 aircraft programme

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Govt trying to make inroads into the fundamental right of privacy, says BN Srikrishna

Srikrishna described the face-off between the central government and global social media platforms over the new IT rules as well as other attempts to gag voices speaking against the government as an 'undeclared emergency'

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How the 'Runaway Aurora' filter became wildly popular on social amid these sombre times

Runaway Aurora is that rare filter that not only got wildly popular on Indian social media -- at a time when most online platforms are filled with Covid-related SOS messages -- it also led to an unusual breakthrough for many creators

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Paytm board clears IPO plan

Valuation may depend on revenue growth, regulatory clearances

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Wipro sells its entire stake in IT services provider Ensono for $76.24 million

In March 2018, Wipro had made a strategic investment of $55 million for 10.2% stake in Ensono Holdings

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Fidelity, GIC invest in Delhivery's $277 million fundraise, valuation jumps to $3 billion

Scotland's Ballie Gifford and Abu-Dhabi investor also join new round ahead of IPO

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Zerodha's profit more than doubled to Rs 1,000 crore in FY21, says Nithin Kamath

The company has recently been in the news after its board approved an enabling resolution to allow promoters of the bootstrapped startup to draw a salary of Rs 100 crore

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Google, Facebook updating website to reflect new grievance officer appointed under IT rules

The new rules require significant social media intermediaries - those with other 50 lakh users - to appoint a grievance officer, nodal officer and a chief compliance officer

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TikTok gets one month to respond to claims of EU consumer rights breaches

European Commission says it has launched a formal dialogue with ByteDance-owned TikTok and national consumer groups to review the company's commercial practices and policy.

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Facebook purged 150 covert influence operations in last four years

The covert influence operations originated from 2017 through mid-2021 and targeted both foreign and domestic public debate.

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Our digital pasts weren’t supposed to be weaponized like this

As more and more people documented their lives online so that our whole selves, past and present, were visible, society was predicted to become more empathetic and forgiving. Instead the opposite has happened.

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Amazon-backed electric-vehicle firm Rivian could seek $70 billion valuation in IPO: Report

Rivian had a valuation of $27.6 billion, after a $2.65-billion investment round led by T. Rowe Price.

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Amazon pressed for racial equity review after strong vote tally

The call for the racial equity audit received the highest level of support among 11 shareholder proposals at Amazon's annual meeting on Wednesday.

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Apple to delay launch of podcast subscription service until June

Apple in April said it was introducing a service that would let podcast creators charge for their shows.

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World War Social

We revisit the grandfather of social media controversies, and two more recent clashes between governments and big tech.

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IAMAI forms self-regulatory body for OTT players

ET first reported on Wednesday that IAMAI had notified the ministry of information and broadcasting (MIB) that they were in the process of forming a self-regulatory body and had 10 OTT players signed up already.

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B Capital, Tiger Global eye PharmEasy stake

The total size of the transaction could be about $40 million and may value the company at about $1.8 billion, up from the current $1.5 billion valuation.

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India will see breakthrough application of AI

Nilekani said this during a fireside chat with Ajay Sawhney, secretary in the Ministry of Electronics and Information Technology (MeitY) and Debjani Ghosh, president of IT industry body Nasscom

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Google, Facebook & WhatsApp complied with IT rules; Twitter is an exception: Govt

Prominent platforms such as Telegram and LinkedIn, which have a large presence in India, have also shared these details with the government

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Infosys cuts carbon emissions by nearly half in FY21

Most of its employees worked remotely due to the Covid-19 pandemic

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Zerodha founders, director set for Rs 100-crore annual salaries

This means that the net income of the Kamath household could well be in the range of Rs 300 crore next year

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10-figure salaries

From Zerodha founders' mega salary hike to Tata making its BigBasket deal official and PIL against Twitter over IT rules, here's a quick look at the top tech news today.

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ETtech Deals Digest: One new unicorn, One big deal

Banking tech firm Zeta became the 14th Indian unicorn so far this year after raising $260 million from SoftBank and others. Tata Sons has made its acquisition of BigBasket official.

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Mindtree to focus on six white space growth opportunities

Mindtree’s acquisition of L&T Group’s NxT Digital will help it augment its offerings in the Internet of Things (IoT) space, one of the six white space growth opportunities that it has identified.

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Deepak Kori, Founder & Director at MilesWeb on the importance of having a website during crisis

To help businesses build and continue to flourish their online presence during the downturn, the founder also announced an exclusive offer that MilesWeb has come up with.

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ETtech Explained: Government rules on WhatsApp & the controversy around it

WhatsApp has taken the Government of India to court, saying that India’s new IT rules violate the right to privacy of Indian users and called for the social media intermediary rules to be declared unconstitutional.

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Downloads up by about five times over the past three days: Koo

Mayank Bidawataka, cofounder of Koo, says traction has been going up on the platform for the past three days

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Plea filed against Twitter for not complying with India IT rules

The petitioner, lawyer Amit Acharya, contended that the three-month period lapsed on May 25, but Twitter is yet to appoint a resident grievance officer to deal with complaints regarding tweets.

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Tata says acquired a majority stake in online grocery BigBasket

The Tata-BigBasket deal was struck by Tata Digital, which acquired 64.3% stake in the online grocery, Tata Sons says. The Competition Commission of India (CCI) had approved the acquisition in March this year.

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