BUSINESS
Parliamentary Committee of Women calls upon Twitter, Facebook over online safety concerns
Meanwhile, LocalCircles writes letter to the Committee to increase minimum age to access social media to 15 yrs and mandate real identify proof for safety.
BUSINESS
CCI gives a go ahead to Amazon to acquire 49% in future group-owned future coupons
Future Coupons is a subsidiary of Future Group, which owns 7.3 percent of Future Retail (owner of Big Bazaar brand), and through the deal, Amazon will own 3.58 percent stake in the brick-and-mortar retailer.
BUSINESS
Centre wants full access to non-personal data
If the government has its way, anonymised and aggregated non-personal data with entities such as ecommerce providers, social media firms and retail companies will have to be opened to public authorities without any restrictions.
BUSINESS
Swiggy, Zomato revive merger talks as threat from Amazon, Uber Eats looms
Key investors in both companies have held discussions in recent weeks about a possible merger, and the talks are still at a very early stage, sources said. Still, the investors are coming round to the view that combining forces is an attractive option, but the devil could be in the details.
BUSINESS
Uber strengthens India push with $250-million investment
Ride-hailing business, Uber Eats will benefit from the investment that was approved on October 29.
BUSINESS
WhatsApp breach: NSO meet police commissioners to sell spyware, says TMC's Mahua Moitra
The Trinamool leader expresses concern over the abscence of a data protection law to guard citizens against unwarranted surveillance.
TECHNOLOGY
Exclusive | WhatsApp says its encryption works fine, swipes at Google and Apple
The wholesale compromise of infected phones by Pegasus came to light after Facebook sued NSO Group in a US court. More than 1,400 phones and devices have apparently fallen victim globally, with 121 of them in India, with the main targets being human rights activists, journalists and lawyers.
BUSINESS
Freshworks valued at $3.5 billion in $150 million fund-raise from Google, Sequoia, Accel
Freshworks could raise more funds before listing its shares by 2021.
BUSINESS
Govt reaffirms need for tracing WhatsApp messages after phone-hacking row
The Pegasus breach has made it all the more important to go for traceability of content on WhatsApp, government officials say.
BUSINESS
Twitter India to inform political parties, leaders about ad-ban decision
Political ads account for only 2 percent of Twitter India’s annual revenue of $40 million , sources say.
BUSINESS
Uber Money to launch in India in summer next year
The cab-hailing company plans to provide a UPI-based full-stack payments and credit offering to its riders and drivers.
BUSINESS
Govt may ask fraud office or Registrar of Companies to investigate Infosys
If the government decides to go ahead with a probe, it will become a major distraction for India’s second-largest software services company, which is already being investigated by SEBI and SEC.
BUSINESS
Ola exodus continues, 6 top executives leave international operations
Six senior executives of the Uber rival have resigned from in the UK, Australia and New Zealand
BUSINESS
Govt concerned over TikTok content, intermediary status
TikTok puts watermark on some videos, while others don’t have it.
BUSINESS
Ola sees more key exits: Pranav Tiwari, Sarmad Nazki resign
Ola Engineering head Pranav Tiwari and Ola Electric head of finance Nazki leave the startup.
BUSINESS
How India made Alexa intelligent, and what does its future look like
From home to car to office, Amazon wants Alexa to be everywhere without intruding in your lives.
BUSINESS
Ola Co-Founder Ankit Bhati 'distances' himself from day-to-day operations
Ankit Bhati and Bhavish Agarwal co-founded Ola in 2010, the former has been the company's chief technology officer.
BUSINESS
Won’t be surprised if Amazon becomes the largest marketplace by Diwali-end: Amit Agarwal
Amit Agarwal is the Global Senior VP and Country Head of Amazon India.
BUSINESS
Hyundai-Kia investment in Ola runs into CCI hurdle
While absence of paperwork is the ostensible reason for the application running into trouble, sources said CCI is concerned about the competitive impact of car companies investing in ride-hailing apps
BUSINESS
Flipkart CEO on Big Billion Days: It is not about discounts but about giving the best value to customer
Kalyan Krishnamurthy opens up for the first time on how Big Billion Day started, lessons from Ayn Rand’s Fountainhead and what he strives for.
BUSINESS
Amazon’s move into Indian agriculture and health signals coming transformation
AWS’ Teresa Carlson plans an innovation centre for agriculture, and use machine learning to ensure health services reach the underserved.
BUSINESS
Facebook targets $1.1 billion in revenue in its largest user market
“The company had set the target after the new CEO joined, and is on track,” one of the sources said.
BUSINESS
Payments, jobs and using tech to improve lives will drive Google’s India growth
Google is launching payment platforms for merchants and users, a jobs match-making for blue-collar workers, and a research lab that will focus on foundational artificial intelligence solutions to solve local problems
BUSINESS
Zomato curbs income of delivery boys, may move to a new payment structure
Over the past couple of months Zomato cut payments and incentives of delivery boys by up to 40 percent.
