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Monday, 5 April 2021

Byju’s to acquire Aakash Educational Services in $700 million deal

Post the transaction, Blackstone Group and Aakash Institute’s founders will hold a minority stake in Byju’s at a valuation of about $13 billion, founder Byju Raveendran says.

from Tech-Economic Times https://ift.tt/39EO4hF

57% Indian companies suffered unexpected downtime in 2020 due to data loss: Study

70% of companies in India now run as many as 10 solutions simultaneously for their data protection and cybersecurity needs, according to the survey.

from Tech-Economic Times https://ift.tt/3dDcKIC

Sunday, 4 April 2021

Crypto exchange WazirX launches a NFT marketplace for Indian artists

Indian creators can now place their digital assets for auction over the blockchain-based NFT marketplace and earn royalty thereafter.

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Meesho raises $300 million from SoftBank Vision Fund as valuation races past $2 billion

By entering the space to digitise and service India’s SMBs, Meesho will go up against giants such as Reliance Industries, Amazon, Flipkart and others who are vying for a chunk of this lucrative, untapped market.

from Tech-Economic Times https://ift.tt/3sUmGUw

LG becomes first major smartphone brand to withdraw from market

The division has logged nearly six years of losses totalling some $4.5 billion, and dropping out of the fiercely competitive sector would allow LG to focus on growth areas such as electric vehicle components, connected devices and smart homes, it said in a statement.

from Tech-Economic Times https://ift.tt/3cR4O7w

Year-end pressure hits fund transfers via IMPS, UPI in millions

Bank systems were clogged due to year-end system maintenance. Transactions were delayed for more than 24 hours, which otherwise would have been possible in a few seconds. Customers of top banks with large retail interfaces are said to have suffered the most.

from Tech-Economic Times https://ift.tt/3dxyplv

In an apology, Amazon admits some drivers have to 'pee in bottles'

Its admission came a week after the Democrat criticised Amazon's working conditions, saying in a tweet: "Paying workers $15/hr doesn't make you a 'progressive workplace' when you union-bust & make workers urinate in water bottles."

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