TCS wins Plaza Premium deal to digitise global airport hospitality

The long-term partnership focuses on reimagining the end-to-end airport travel experience across three core areas: customer experience, employee experience and operational excellence.

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Infosys extends digital innovation partnership with Australian Open

The extended collaboration with Tennis Australia will introduce enhanced broadcast match statistics and new initiatives to make tennis more accessible for all, while continuing to develop innovative digital stakeholder experiences.

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ShareChat parent raises $266 million at $3.7 billion valuation

The investment was led by Alkeon Capital with participation from new and existing investors including Temasek, Moore Strategic Ventures (MSV), Harbourvest and India Quotient. This is the third round of funding for the startup in 2021.

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Google threatening to fire unvaccinated employees: Report

Tech giant Google has reportedly told its employees that they will lose pay -- and will eventually be fired -- if they do not comply with the company's Covid-19 vaccination policy.

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Intel to invest $7 billion in new plant in Malaysia, creating 9,000 jobs

Intel will invest more than $7 billion to build a new chip-packaging and testing factory in Malaysia, CEO Pat Gelsinger says, expanding production in the country following a global chip shortage.

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Zoom joins tech industry's counterterrorism group in the US

The Global Internet Forum to Counter Terrorism, or GIFCT, is an independent group through which member companies share information to combat terrorism and violent extremism on their sites.

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Apple delays return to office indefinitely: Report

Apple Inc. is delaying its return to office plans indefinitely, Bloomberg reported, while the company said it has temporarily closed three stores in the US and Canada after a rise in Covid-19 cases.

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AWS recovers from brief outage affecting third-party services

Amazon Web Services' dashboard that logs outages showed that it had resolved the issue affecting internet connectivity to Oregon and northern California regions.

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Reddit files for US IPO

Social media platform Reddit has confidentially filed for a proposed IPO to the US Securities and Exchange Commission.

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Crypto consolidation is coming; IT minister on $10B chip scheme

India's cryptocurrency bill may not be introduced in the current session of Parliament, we reported yesterday, but it seems the crypto industry has been well and truly spooked by reports of its contents.

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'Some parts of data bill may be at odds with global frameworks'

These include provisions on non-personal data as well as data flow restrictions, said Katherine Charlet, director, data, Google, while pushing against the country’s data localisation norms.

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Uber looks to sell Didi, other non-strategic stakes: CEO

Speaking at a virtual fireside chat with a UBS analyst, Dara Khosrowshahi said many of the companies Uber has a stake in have recently gone public and are still subject to a lock-up period.

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Cryptocurrency Bill may not be introduced in Winter Session

The issues being debated include the need for wider consultation and seeking comments from the public as well as whether the Central Bank Digital Currency (CBDC) to be introduced by the Reserve Bank of India needs to be a part of this bill or should be dealt with under the RBI Act.

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YouTube says services fixed after disruption affects thousands

"If you were having a slower than normal experience or were having trouble accessing YouTube earlier today - this has been fixed! The issue ran for about 20 mins," YouTube tweeted.

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Tata super app delayed again; Amazon tells CCI it didn't hide facts

In September we reported that Tata Digital's 'super app' was on hold till there was clarity on India's ecommerce rules. Now, sources have told us the much-delayed app is likely to be launched in March 2022.

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Lenskart on verge of closing $250 million funding round at $5 billion valuation

The valuation is close to the market capitalisation of recently listed Warby Parker, an American online retailer of prescription glasses and sunglasses.

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DeFi players reach out to govt over crypto law

Want govt to distinguish them from cryptocurrency exchanges

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D2C startup Bewakoof adds marketplace Bazaar to its platform

The company, which is backed by investors such as InvestCorp, IvyCap and Spring Marketing Capital, has so far raised $23 million.

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Nestasia bags $4 million funding led by Stellaris Venture Partners

Several angel investors who are part of the Stellaris Founder Network, an exclusive group of more than 60 entrepreneurs and industry professionals, also participated in the round.

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Did not hide any facts related to future deal, Amazon tells CCI

The Indian arm of the US ecommerce major had a hearing with the antitrust regulator on Monday where its senior officials answered queries from CCI on the Future deal, a person aware of the matter told ET.

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Apple closes in on $3 trillion market capitalisation

Apple's march from $2 trillion to near $3 trillion in market cap took just 16 months, as it led a group of megacap tech firms like Google and Amazon that benefited from people and businesses relying heavily on technology during the pandemic.

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Facebook owner is behind $60 million deal for Meta name rights

Meta Platforms Inc., the owner of social media network Facebook, is behind a $60-million deal to acquire the trademark assets of US regional bank Meta Financial Group.

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Intel to invest $7 billion in chip packaging facility in Malaysia

Intel intends to invest 30 billion ringgit on shoring up its advanced chip packaging capabilities in the island state of Penang, at a time when the United States is advocating domestic production.

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Tata in talks to bring Microsoft aboard digital venture

Wants 1-2 strategic investors before tapping PEs, SWFs for $2.5 b funding

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Grofers founder says quick-commerce model has path to profitability

Grofers to deliver non-grocery in 10 mins too, aims $1 billion annual GMV run-rate by March 2022

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Tata courts Microsoft for digital dream; Grofers pivots to quick commerce

Tata is in talks to bring in Microsoft as an anchor investor for its new digital platform.

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SC seeks response of Centre, Uber, Zomato on plea for social security benefits for unorganised sector workers

Jaisingh said a declaration is sought by the drivers or delivery workers that they are workmen under the schemes of the Unorganised Workers Act and all the social welfare schemes, meant for the workers body. The benefits for workmen of unorganised sectors be made available to them as well, she said. She referred to a judgment of the Supreme Court of the United Kingdom and said the job contracts were analyzed and found that the persons employed with Uber were actually workmen.

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Goodbye Grofers, hello Blinkit; Indian startups’ tax woes

Deliveries in 10 to 20 minutes, unthinkable in India just a few years ago, is now a reality in many cities. For obvious reasons, grocery firms are at the forefront of the so-called “quick commerce” market.

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Grofers rebrands as Blinkit to underscore quick commerce focus

Grofers has rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India. The company now claims to be processing a million such orders every week across 12 cities.

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Flipkart to triple down on Ninjacart; e-gaming firms seek regulations

Go big or go home seems to be the mantra of India’s online grocery sector dominated by giants like Tata and Amazon. Flipkart is looking to do exactly that with a potential $100 million investment in Ninjacart.

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Complex tax system big reason for Indian startups' exodus: Report

A complex unfriendly capital gains tax system is a big reason why many Indian start-ups have relocated their headquarters outside India, according to a report on direct tax administration brought out by Bangalore Chamber of Industry & Commerce.

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Anur Cloud Technologies' raises seed round from AIG Direct LLC

Anur Cloud Technologies raised a seed round from AIG Direct LLC for an undisclosed amount which it intends to use to further expand its overseas presence and strengthen its capabilities in India.

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upGrad eyes IPO in next 24 months

Cofounder Screwvala says lower stake dilution early on gives co flexibility

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Base online gaming norms on genre, age classifications: Indiatech to Govt

Startup grouping IndiaTech writes to IT minister to set standards similar to the Entertainment Software Rating Board (ESRB). IndiaTech wants civil society and industry collaboration to develop a code.

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Flipkart in talks to lead $100-million funding round in Ninjacart

The Ninjacart funding will be one of the largest investment rounds by the e-commerce major in a startup as it races to expand its footprint in India’s fast growing online grocery business.

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Urban Company concludes fourth ESOP sale worth Rs 55 crore

The transaction pegged Urban Company’s valuation at $2.8 billion, which was higher than the $2.1 billion net worth the home services provider commanded during its Series F funding round in June 2021.

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HCL Technologies underpaid H-1B visa workers, report claims

The internal document, released as part of a whistleblower lawsuit against HCL Technologies, found that the company paid H-1B visa workers lower wages compared to similarly employed US workers.

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Twitter says its systems not behind PM Modi's account breach

Twitter has said that as per its investigation so far, prime minister Narendra Modi's Twitter account was "not compromised due to any breach of Twitter’s systems."

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China's SenseTime Hong Kong IPO in limbo after US blacklisting

SenseTime had missed the pricing date for the IPO on Friday after a media report that a blacklisting was imminent.

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LegalPay raises funds led by Venture Catalysts, Amity Technology Incubator

The round also saw participation from existing investors including family office of Ashwini Kakkar, former head of Thomas Cook and co-founder and chairman of via.com; venture capital fund 9unicorns; and other marquee angels including LetsVenture.

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Microsoft set to win EU antitrust nod for $16 billion Nuance deal: Report

Microsoft announced in April the deal that will boost its presence in cloud solutions for healthcare customers in a sector where demand has accelerated during the COVID-19 pandemic.

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Google caves again on Play Store; Goyal denies conflict of interest

Over the past year, Google has been under pressure worldwide to lower its steep Play Store commissions and allow other payment methods. Now, the tech giant has postponed the implementation of its new Play Store billing policy for the second time in two months.

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ETtech Deals Digest: Spinny, Pristyn Care enter unicorn club

India minted two unicorns this week as used car retailing platform Spinny and health technology startup Pristyn Care joined the coveted club of privately held companies valued at $1 billion or more.

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'No conflict of interest', Deepinder Goyal says, on Zomato's investment in Shiprocket

Zomato founder and chief executive Deepinder Goyal said he exited his personal investment in Shiprocket at zero profit before his company invested in the logistics startup as part of a larger funding round.

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Blockchain startup Router Protocol gets $4.1 million from Coinbase Ventures, others

Router Protocol will use the funding to hire more developers and conduct security audits. It has announced partnerships with multiple protocols—Polygon, Avalanche, Terra, Algorand, etc.—and plans to launch its mainnet in the next few weeks.

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NetApp India can now conduct business directly in India

Cloud-led, data-centric software company NetApp today announced that it will be furthering its focus on India by enabling its Indian entity to conduct business locally and directly with its customer base in India via its partner network.

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Byju's appoints Rachna Bahadur to lead global expansion plans

In this role, Rachna Bahadur will lead the overall planning, strategy, and roadmap for Byju's expansion in new and existing markets

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Microsoft leads $27 million funding in crypto startup Palm NFT Studio

Palm NFT Studio's chief executive officer Dan Heyman said that the company intends to use the capital to scale its platform by investing in research and development and hiring new talent.

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MapMyIndia IPO subscribed 2.02 times on Day 1

MapMyIndia is selling shares for 1,000-1,033 apiece to raise as much as Rs 1,039.6 crore at a valuation of Rs 5,500 crore. The IPO, a pure offer for sale, will see investors and promoters offload up to 10,063,945 shares.

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Zumutor Biologics bags $6.2 million funding led by Siana Capital

The latest round also saw participation from existing investors Accel and Bharat Innovation Fund, bringing the total capital raised by the Boston-headquartered firm so far to $27 million.

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