Tech Prowess News Today

Mid-tier creators are leaving Instagram and YouTube for regional apps like Moj, ShareChat, Rooter, Stan, and Eloelo to earn through virtual gifting. These platforms offer opportunities for creators to engage with audiences and monetize their content effectively.

Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges. Sensing opportunity in the q-commerce space, Delhivery has started to work with Swiggy Instamarts larger warehouses which supply to small dark stores, or fulfilment centers. Meanwhile, Xpressbees is talking to multiple players for the same.

Narendra Modi-led NDA govts third term brings hopes for manufacturing sector with policy continuity, new PLI schemes, and TDPs Chandrababu Naidu joining alliance for reform and innovation.

RuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift towards UPI-based credit cards on third-party apps like Google Pay and PhonePe poses a challenge for banks, raising concerns about customer retention and cross-selling. Fintech startup Fibe, led by Ashish Goyal, foresees a potential share struggle among top UPI apps.

Tata Communications signed a five-year contract with global sports organization World Athletics, expanding its media business by adding over 20 international events. Dhaval Ponda, Global Head of Media and Entertainment Services at Tata Communications, highlighted the significant viewership of World Athletics events.

Neobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offer digital wallets for UPI payments, fund transfers, and bill payments.

Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isnt expected to generate meaningful revenue for either party — at least at the outset.

Apple on Wednesday reclaimed its berth as the worlds biggest company when measured by stock price, taking back the top position from Microsoft. Apple, which had taken its time to draw up its AI strategy, lost the top spot in January as investors rewarded Microsofts unabashed rollout of new generative AI products under its Copilot brand.

Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses.

The DPDP Act, passed in August, aims to have administrative rules notified within a year to ensure compliance. The Act focuses on personal data collection, processing, and storage, marking Indias first regulation on digital personal privacy. The rules are crucial for data protection, stakeholder engagement, and regulatory enforcement.