BUSINESS
Karnataka HC concludes hearing, reserves judgement in online gambling ban case
The petitions challenge the constitutional validity of amendments made to the Karnataka Police (Amendment) Act that had outlawed all forms of online gaming where transfer of money is involved.
BUSINESS
Ola aims to reduce driver cancellations by providing better location and payment visibility
This move comes as the IPO-bound firm witnesses a recovery in its core ride-hailing business from the impact of the ongoing COVID-19 pandemic.
BUSINESS
Profitability will be the foundation of our future growth, says MapmyIndia's Rakesh Verma
MapmyIndia claims to have a market share of 90 percent in the automotive space and counts top firms like Hyundai and MG Motors as its clients
STARTUP
Battlegrounds Mobile India maker Krafton leads $6.5-million funding in audio dating app FRND
This is Krafton's fourth startup investment in India this year, after previously backing game streaming platform Loco, esports firm Nodwin Gaming and Indian language storytelling platform Pratilipi.
BUSINESS
Key penalties imposed on Amazon across the world: A brief timeline
Over the past year, the online retail giant has faced penalties from several antitrust regulators across the world on various grounds ranging from allegedly abusing its market dominance to violating GDPR and withholding driver tips.
BUSINESS
Over 40% family offices have doubled their allocation to startups & VC funds in 5 years: Report
Direct startup investments contributed for 47% of the private market portfolio of these family offices, while 32% went into venture capital and private equity funds and 11% to venture debt funds
BUSINESS
Ola raises $500 million loan
Ola, which has a majority share of India’s ride-hailing market where it competes with Uber Technologies, has plans to raise up to $1 billion through an initial public offering.
STARTUP
Innovaccer's valuation jumps to $3.2 billion with new $150 million financing
Innovaccer plans to use the funds raised to invest in research and development and hire people as the company aims to scale its customer experience, product and engineering talent.
BUSINESS
India's talent pool playing a huge role in shaping the future of internet: Mark Zuckerberg
The country will be key to building the foundation of the metaverse, Zuckerberg said during the company's Fuel For India 2021 event
BUSINESS
WhatsApp looks to scale payment business in India with a financial inclusion pilot
WhatsApp said it has familiarised villagers with various aspects of digital payments across 500 villages in Karnataka and Maharashtra
BUSINESS
Nodwin Gaming picks up 10% stake in digital media firm Rusk Media
Nodwin Gaming, a subsidiary Nazara Technologies, has said the investment will help the 'massification' of entertainment-first gaming and esports content in the country
BUSINESS
Netflix slashes its India pricing, now available at Rs 149 per month
The service's most expensive Premium tier that offers Ultra high-definition (Ultra HD) content with support for four concurrent screens, is now priced at Rs 649 per month, down from Rs 799 per month.
BUSINESS
India could play a key role in shaping our metaverse efforts: Meta's Vishal Shah
Mark Zuckerberg has been one of the biggest proponents of the metaverse, so much so that the social media firm changed its corporate name to Meta and plans to spend at least $10 billion in building this platform.
BUSINESS
Google extends Play billing policy deadline to October 31, 2022
The move comes amid a pushback Google and Apple are facing over their business practices related to their app marketplaces in India and other countries
BUSINESS
Harsha Moily's $200 million climate tech startup fund eyes first close in Q1 2022
NFC Ventures is taking a unique approach by factoring in the reduction of carbon emissions through its portfolio companies in its overall returns to investors.
BUSINESS
Twitter tests new TikTok-like interface for Explore tab
The test is part of Twitter's ongoing efforts to improve personalised recommendations on the platform.
STARTUP
Ola, Ola Electric bags fresh funds from a clutch of investors
The funding comes as the Bengaluru-based Ola gears up for a public market debut next year.
STARTUP
Exponent Energy raises $5 million to build 15-min rapid charging solutions for commercial EVs
The funds raised will be used to kickstart the startup's commercial operations in early 2022, starting with Bengaluru and then expanding it to multiple cities
BUSINESS
Instagram rolls out new features to 'make it safer' for teenagers
Instagram said it will no longer allow people to tag or mention teens who don't follow them or include their content in Reels Remixes or Guides
BUSINESS
Clubhouse to soon allow users to filter out explicit rooms
Clubhouse is facing growing competition from a number of rivals such as Twitter, Facebook, Spotify, Discord and Telegram.
BUSINESS
Pocket FM bags $22.4 million Series B funding led by Lightspeed
Pocket FM provides more than 100,000 hours of long-format audio content across audiobooks, shows, stories, novels, and podcasts in English and seven Indian languages.
BUSINESS
Gaming creators dominate YouTube India's top creators list for 2021
About five of the top 10 YouTube creators and four of the 10 breakout creators in India this year were gaming creators
STARTUP
Mobility startup Bounce launches its first e-scooter with swappable batteries
Bounce Infinity E1 will be available on pre-bookings starting today, allowing users to reserve scooters for Rs 499 with scooter deliveries slated for March 2022.
BUSINESS
LinkedIn adds Hindi support to expand its reach in India
Following this rollout, members will be able to access their feed, profile, jobs, messaging, and create content in Hindi on desktop, and on their Android and iOS smartphones
