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May 14, 2021
(Bloomberg) -- Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April. Altimeter closed Thursday at $11.06, just shy of its $10.
May 14, 2021
Disney+ Hotstar ad revenue plunges amid IPL suspension SECTIONS Share Synopsis Disney+ Hotstar made just $0.75 (about Rs 55) from each subscriber per month during the quarter ended April 3, as compared to $0.91 per month in the previous quarter, but continues to remain one of Walt Disneys strongest streaming services. Reuters Bengaluru: Video streaming service Disney+ Hotstar’s average revenue per user (ARPU) fell for the second quarter ended April 3, 2021, on the back of lower advertising re...
May 13, 2021
Cyber expert asks Flipkart users to reset passwords to avoid fraud SECTIONS Last Updated: May 13, 2021, 01:02 AM IST Share Synopsis According to the expert Rajashekhar Rajaharia, cyber criminals are selling sets of email addresses and passwords of customers from allegedly leaked databases of BigBasket that match with accounts of e-commerce firm Flipkart and Amazon ETtech FILE PHOTO: The logo of Indias e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/...
May 13, 2021
Nasscom urges govt to temporarily relax FCRA Act SECTIONS Last Updated: May 13, 2021, 01:10 AM IST Share Synopsis Nasscom said that providing a temporary waiver to the FCRA Act would enable the industry to bring in the required aid to India. AP Doses of the Pfizer coronavirus vaccine are seen being prepared on Wednesday, May 12, 2021, in Decatur, Ga. Hundreds of children, ages 12 to 15, received the Pfizer vaccine at the DeKalb Pediatric Center, just days after it was approved for use within th...
May 13, 2021
E-commerce firms face more hurdles in Maharashtra, Assam SECTIONS Share Synopsis The Maharashtra government, in a notification on Wednesday, said drivers and helpers of all goods carriers entering the state must carry a negative RT-PCR certificate that is less than 48 hours old ETtech Maharashtra’s regulations will come into effect on May 15 (Illustration: Rahul Awasthi) New rules from the governments of Maharashtra and Assam have created additional hurdles for e-commerce and transport operat...
May 13, 2021
Kissflow partners TCS, Cognizant, others to tap enterprise segment SECTIONS Share Synopsis Kissflow is seeking to tap a growing appetite among large IT companies, such as Tata Consultancy Services (TCS) and Cognizant, to ally with SaaS startups and take their newer technologies to their global customers. Getty Images Kissflow, Freshworks and Zoho are among the few SaaS startups in India, which have built platforms with ability to tap allied business opportunities along with their core markets. ...
May 13, 2021
May 13 2021, 11:46 PM May 13 2021, 11:30 AM May 13 2021, 11:46 PM (Bloomberg) -- (Bloomberg) -- South Korea unveiled ambitious plans to spend roughly $450 billion to build the worldâs biggest chipmaking base over the next decade, joining China and the U.S. in a global race to dominate the key technology. Samsung Electronics Co. and SK Hynix Inc. will lead more than 510 trillion won of investment in semiconductor research and production in the years to 2030 under a national blueprint devi...
May 13, 2021
Parts of Taiwan Go Dark After Plant Failure Triggers Outage May 13 2021, 8:54 PM May 13 2021, 2:35 PM May 13 2021, 8:54 PM (Bloomberg) -- Major cities across Taiwan, home to some of the worldâs biggest chip industry players, were hit by a widespread power outage Thursday after a power station in the southern city of Kaohsiung suddenly went offline. (Bloomberg) -- Major cities across Taiwan, home to some of the worldâs biggest chip industry players, were hit by a widespread power outag...
May 13, 2021
Facebook to roll out new campaign in India to fight Covid-related misinformation SECTIONS Last Updated: May 13, 2021, 07:59 PM IST Share Synopsis The social networking giant has removed over 12 million pieces of "harmful" misinformation on Covid-19 globally from Instagram and its own platform during the pandemic, including falsehoods about approved vaccines ETtech FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Ge...
May 12, 2021
RemitGuru to raise $50 million from a group of investors including Paytm, Infibeam SECTIONS Share Synopsis ETtech Illustration: Rahul Awasthi Fintech startup RemitGuru is in talks to raise around $50 million or about Rs 350 crore from existing and new investors including Paytm, Infibeam Avenues, Pentathlon Ventures and investor Ashish Kacholia, two people with direct knowledge of the matter said. While RemitGuru, which is into the digital remittance space, had seen an early investment by Infib...