BUSINESS
Krafton to closely co-operate with Indian authorities to resolve BGMI ban, says CFO
BGMI was pulled out of Google Play Store and Apple App Store on July 28 following an interim government order.
BUSINESS
After IPL streaming rights loss, Disney lowers the subscriber target for Disney+ Hotstar
The entertainment conglomerate expects Disney+ Hotstar to reach up to to 80 million by the end of fiscal 2024
BUSINESS
Snap brings paid subscription service Snapchat+ to India
Snapchat+, which unlocks a collection of exclusive, experimental, and pre-release features, will be available for a monthly fee of Rs 49
STARTUP
Web3 game infrastructure startup Lysto bags $12 million from Tiger Global, Hashed, others
Lysto is building tools that aims to standardise gamer credentials and reputation across games and platforms
BUSINESS
‘Shaken’ by BGMI suspension, Indian game studios seek PM's intervention for 'fair treatment’ of all
In a letter to PM, founders of 10 gaming firms describe BGMI suspension as arbitrary and call for a clear set of standards to ensure fairness to all stakeholders
BUSINESS
Elon Musk and Twitter fight over India's importance and standoff with govt
In a court filing, Tesla CEO Elon Musk said that Twitter initiated litigation against Indian government, without obtaining consent, and placed the firm's 3rd largest market at risk. Twitter denied the claims
BUSINESS
Freshworks Q2 revenue jumps 37% YoY, will prioritise go-to-market investments in short term
Freshworks CEO Girish Mathrubootham says they are witnessing higher churn among their SMB customers who are facing macro pressures
BUSINESS
WebEngage raises $20 million led by Singularity Growth Opportunities Fund, SWC Global
WebEngage claims to have reached a $20 million annual revenue run rate and is working with more than 600 customers
BUSINESS
BGMI ban to disrupt e-sports space, but for short term: Nazara Tech's Nitish Mittersain
Nazara Technologies is also looking to scale up its real-money gaming portfolio and plans acquisitions in this space.
BUSINESS
Apple nearly doubled its India revenue in June quarter: CEO Tim Cook
The Apple CEO also said the company would be "more deliberate" in hiring people amid a tough economic environment
BUSINESS
Google, Apple pull down Krafton's BGMI game from app stores in India
Krafton had claimed earlier this month that BGMI had surpassed 100 million registered users in India.
BUSINESS
As Reels crosses $1 bn annual revenue run rate, Meta doubles down on algorithm-driven content
Reels ads has crossed an annual revenue run rate of $1 billion and also has a higher revenue run rate than Stories did at identical times post launch, Mark Zuckerberg said.
BUSINESS
Meta to cut down on headcount growth after first revenue loss: Mark Zuckerberg
A slew of tech companies such as Alphabet, Microsoft and Snap Inc have taken similar steps to rein in their hiring growth rate in recent months
BUSINESS
Spotify's Q2 user base jumps to 433 million on 'outperformance' in India, Indonesia
Paying subscribers for Spotify grew by 14 percent year-on-year to 188 million during the quarter.
TRENDS
MapmyIndia unveils its own street view product to take on Google
Users will be able to see interactive 360-degree panoramic views of tourist landmarks, beaches, residential colonies and apartment societies, office towers and complexes
TRENDS
Google aims to help reduce traffic congestion and improve road safety in India with key tie-ups
Google Maps will now start showing speed limits prompts, based on the data shared by local traffic authorities.
TRENDS
Google is bringing back Street View to India
Street View's India rollout is the first time that Google has tied up with local partners to offer the service to consumers, a model it hopes to scale in other parts of the world as well.
BUSINESS
Amazon rolls out major redesign for Prime Video in India
The redesign comes at a time when Amazon Prime Video has been ramping up its original programming in the country
BUSINESS
Pocket FM to offer its audiobook library through Flipkart
Pocket FM entered the audiobook market in March this year and claims to be selling over 120,000 audiobooks on a monthly basis.
BUSINESS
Twitter says it has spent $33 million in Q2 2022 on pending acquisition by Elon Musk
Twitter sued Musk earlier this month to enforce the merger agreement, days after the billionaire said he was terminating his $44 billion deal to acquire the social media firm.
BUSINESS
Snapchat parent to 'substantially' slow down hiring rate as revenue growth takes a hit
Snap Inc CEO Evan Spiegel said they are evolving their business and strategy to reaccelerate revenue growth
BUSINESS
Facebook's latest redesign doubles down on recommended content with chronological feed
The social networking giant is splitting its feed into two different feeds - a Home tab and a new Feeds tab.
STARTUP
Dream11 parent Dream Sports signs 5-year deal with New Zealand Cricket for NFTs, gaming & merchandising
NZC chief executive David White said this partnership represent a step "into the metaverse for his organisation"
BUSINESS
Twitter now lets you follow Tamil topics like Rajinikanth, AR Rahman, Chennai Super Kings
The feature has been rolled out to all Twitter users on Android, iOS and web apps who have set Tamil as their primary language on Twitter.
