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May 7, 2021
Dogecoin mania reaches Indian crypto exchanges SECTIONS Share ETtech Named after a meme of the Japanese dog breed Shiba Inu and with supporters including Teslas Elon Musk, the cryptocurrency has risen over 10X in the last three months, with its market cap standing at almost $80 billion on Thursday. Liking this story? SUBSCRIBE Well soon meet in your inbox. Please wait... Indian cryptocurrency exchanges are now witnessing record-breaking trading volumes of Dogecoin, causing massive surge in traf...
May 7, 2021
Well soon meet in your inbox. Please wait... CFIUS has been looking in to whether Epic Games and Riot Games handling of the personal data of their users constitutes a national security risk because of their Chinese ownership, the sources added. Tencent owns a 40% stake in Epic Games, the maker of popular video game Fortnite. Tencent also bought a majority stake in Riot Games in 2011 and acquired the rest of the company in 2015. Riot Games is the developer of "League of Legends," one of the wo...
May 7, 2021
Well soon meet in your inbox. Please wait... A spokesperson for Amazon India confirmed to ET that the company had decided to pause its Prime Day event in India owing to the current Covid-19 situation and said it was working on figuring out when the event can be held. No new date for the sale has been announced for India or Canada, yet. Amazon has traditionally held its Prime Day sale in July but had to push it to October for most global markets last year on account of the pandemic. This year, t...
May 7, 2021
Synopsis Facebook said the network managed a long-running deceptive campaign across multiple social media platforms and other websites. Reuters Facebook has taken down a network of hundreds of fake accounts and pages targeting people in Ukraine and linked to individuals previously sanctioned by the United States for efforts to interfere in U.S. elections, the company said on Thursday. Facebook said the network managed a long-running deceptive campaign across multiple social media platforms an...
May 7, 2021
Mid-size IT firms gear up for acquisitions to use cash, boost skills SECTIONS Share Getty Images Mid-size IT services providers are expected to step up mergers and acquisitions this year, as these cash-rich firms chase higher growth on the back of a robust 2020-21 financial year, led by increased client spends on digital transformation initiatives amid the Covid-19 pandemic. The mid-tier companies are looking to gain specific skills or geographic presence through acquisitions. Pune-based Persi...
May 7, 2021
Synopsis Reuters Instant messaging platform WhatsApp said on Friday that it will not delete Indian user accounts that do not accept its new privacy policy. Users had to accept the policy before the May 15 deadline. The policy allows the Facebook-owned company to share business information with third-party apps, including its parent. “No accounts will be deleted on May 15 because of this update and no one in India will lose functionality of WhatsApp either. We will follow up with reminders to ...
May 6, 2021
AA framework offers UPI-style revolution in MSME financing SECTIONS Share ETtech Illustration: Rahul Awasthi Private sector lenders IndusInd Bank, HDFC Bank, ICICI Bank and Axis Bank are likely to go live with the account aggregator (AA) framework by July, the chief executive of a collective of such aggregators told ET. The AA framework is intended to improve lending to micro, small and medium enterprises (MSME), based on their business transactions. Liking this story? SUBSCRIBE Well soon meet ...
May 6, 2021
Facebook confronts human rights dilemma on political speech SECTIONS Last Updated: May 06, 2021, 04:39 PM IST Share Synopsis The companys policies on these issues have huge importance not just in the United States but in countries including India, Brazil, Myanmar and the Philippines Reuters A 3D printed Facebook logo is seen in this illustration picture taken May 4, 2021. REUTERS/Dado Ruvic/Illustration Facebook Inc oversight boards extension of former U.S. President Donald Trumps banishment fr...
May 6, 2021
(Bloomberg) -- Peloton Interactive Inc. recalled its treadmill products after a child died and 70 other safety incidents were reported. The company’s shares fell as much as 8.9%. The recalls involve two Peloton treadmill models: Tread and Tread+, the company and the U.S.
May 6, 2021
Wait for e-grocery delivery gets longer as orders rise SECTIONS Last Updated: May 06, 2021, 05:42 AM IST Share Synopsis The delivery timelines are similar to what it was around the same time last year when lockdowns were put in place after the onset of the pandemic in India ETtech Illustration: Rahul Awasthi Large e-tailers such as Amazon, Flipkart, BigBasket and Grofers are taking time to deliver products across pin codes, especially in regions hit hardest by the second Covid-19 wave, amid sur...