Welcome to the world of facts and news: October 2021

Apple Objects to Links to Outside Payments Ahead of Epic Games Hearing

Apple outlined its objections to allowing app developers to link to third-party payment options ahead of a hearing next month that could determine whether a set of antitrust court orders is put on pause.

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iMac Pro With M1 Pro, M1 Max Chips to Launch in 2022: Report

The next-generation iMac, which is currently in the works, could possibly be called iMac Pro.

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Bitcoin, Ether Among Crypto-Coins to Open Week with Dips, Green Colour Scarce on Price Charts

While the Bitcoin price remains above the $60,000 (roughly Rs. 45 lakh) mark, Dogecoin and Shiba Inu also continue their streak of adding gains to their values.

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Roblox Back Online After Facing Outage Over Weekend Due to Bug in Backend, Company Confirms

Roblox, the popular gaming platform, faced a prolonged outage that began on Friday and lasted through the weekend.

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Netflix’s 'Squid Game' success sparks debate in South Korea over IP rights

Critics have raised questions on whether it is right for local productions to allow Netflix and its ilk to monopolise content rights to their shows at a time when the Korean market has emerged as a content hub.

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Samsung Galaxy S21 FE to Be Announced at CES 2022: Report

Samsung Galaxy S21 FE will reportedly launch during next year's Consumer Electronics Show (CES).

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Binance - What I Hate, Love, and Fear About the Cryptocurrency Exchange

Binance is one of the biggest players in the cryptocurrency ecosystem but it is also facing increasing regulatory scrutiny and legal challenges that could prove to be challenges. A negative impact on Binance could harm the entire Crypto market.

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Policybazaar founders to cut sale of own shares in IPO by 85-90%

Sources aware of the matter said the increased interest in tech IPOs and the headroom for further growth in its business as well as likely valuation after the share sale led to the founders reducing their OFS by 85-90% by value.

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Neo-bank Fi valued at $315 million after $50 million funding led by B Capital

Fi had raised $13 million from Ribbit Capital and Sequoia Capital, in a seed round last year.

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PolicyBazaar IPO changes; EV financing on the rise

Today, PolicyBazaar’s parent company becomes the third Indian tech startup to tap the public markets after Zomato and Nykaa. We’ve got all the details of its IPO, including news that the founders will sell far fewer shares than they had originally planned to.

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Zepto raises $60 million to deliver groceries in 10 minutes

Venture capital fund Nexus Venture Partners and Silicon Valley’s Y Combinator also participated in the funding round along with prominent angel investors including former chief business officer of WhatsApp, Neeraj Arora.

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Dell Technologies India reports two consecutive quarters of record growth this year

The US-based company reported revenues of $26.1 billion, up 15% in the second quarter of the ongoing fiscal year.

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Roblox Is Down, Says the Cause Is an Internal Issue

Popular gaming app and platform Roblox has been down since Friday night, and the company confirmed that the outage is due to an internal issue. It is carrying out the necessary maintenance work to get Roblox up and running again. The company posted on Twitter on Friday night to acknowledge the outage.

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Metaverse: What It Is, Facebook Name Change, and Everything Else Explained

What exactly is metaverse, and why did Facebook decide to change its name to Meta? Everything you need to know.

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How to Add Links to Instagram Stories

Instagram earlier allowed only users with more than 10,000 followers to post links in Stories. However, it recently removed that condition and now any user can add links to their Instagram Stories. The steps to add links to Instagram Stories are really simple.

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Call of Duty: Vanguard, Forza Horizon 5, More: November Games on PC, PS4, PS5, Xbox One, Xbox Series S/X

Call of Duty: Vanguard, Battlefield 2042, Forza Horizon 5, and more games are set to hit the shelves this November. Here are some of the most exciting games set to release on PS5, PS4, Xbox Series X, Xbox Series S, PC, and Nintendo Switch.

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How to Record Calls Using Truecaller for Android: Step-by-Step Guide

In this article, we are giving a step-by-step guide on how you can record calls using Truecaller for Android.

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Roadblocks ahead as Indian IT moves into high gear

Top Indian IT companies are expected to post double-digit growth rates amid high demand for their services globally, but several factors — including a talent crunch and margin pressure — may force them to look at the rear-view mirror more closely.

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Squid Game Cryptocurrency Skyrockets, Gains 300 Percent in 24 Hours

The dystopian series tells the story of a group of cash-strapped people forced to play deadly children's games for money.

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Tencent's $1.3 Billion Sumo Deal Under US Security Probe

Tencent’s deal with British video game maker Sumo has come under the scrutiny of a US national security panel in a potential setback to the Chinese internet giant.

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Meta, Formerly Facebook, Acquires VR Fitness App Supernatural

Meta has acquired VR fitness app Supernatural a day after being rebranded from Facebook.

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GameStop COO Jenna Owens Exits After a Short 7-Month Stint

GameStop chief operations officer Jenna Owens is exiting from the company only seven months after joining the video games retailer.

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Apple vs Epic: iPhone Maker Objects to Third-Party Payment Links on App Store

Apple has raised a strong objection to allowing third-party payment links on App Store as directed by a US district court following a lengthy trial with Fortnite-maker Epic Games.

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Facebook to Meta Calls for Big Tech’s Name Change From FAANG to MAANG

Facebook’s rebranding to Meta beckons another name change. The reference to the influential Big Tech consisting of Apple, Amazon, Netflix, and Google apart from Facebook might now go from FAANG to MAANG.

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Redmi Note 11 Pro, Redmi Note 11 Pro+ Tipped to Launch as Xiaomi 11i, Xiaomi 11i HyperCharge in India

Redmi Note 11 Pro and Redmi Note 11 Pro+ are tipped to be rebranded for India as Xiaomi 11i and Xiaomi 11i HyperCharge, respectively. Both smartphones were launched in China earlier this week along with the vanilla Redmi Note 11 5G.

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Bitcoin Is 'Mathematical Purity', Can't Be Copied: Apple Co-Founder Steve Wozniak

Apple co-founder Steve Wozniak has said that Bitcoin is mathematical purity and can't be copied. He said cryptocurrency holds an awful lot of promise.

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OnePlus 7 Pro, OnePlus 7 Getting OxygenOS 11.0.4.1 Update With Call Interface Fix, Latest Security Patch

OnePlus 7 Pro and OnePlus 7 are getting OxygenOS 11.0.4.1 update that is bundled with the October 2021 Android security patch. Alongside, the update also gets a couple of bug fixes and improvements. OnePlus 7 series users in the global market and Europe will be receiving the latest update. There is no mention yet if users in India will also be getting the update.

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Researchers Attempt to Solve 'Muddle in the Middle' by Naming New Human Species

Researchers have named a new ancestral human species Homo Bodoensis that lived in Africa around half a million years ago.

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PharmEasy to file DRHP for Rs 6,000-7,000 crore IPO by next week

The DRHP would be a minimum of Rs 6,000 crore and PharmEasy could potentially increase it by another 20% as per market regulations, people familiar with the matter said.

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Could 5G Rollout Affect Safety of Flights? Aviation Industry Said to Have Expressed ‘Deep Concern’

The aviation industry has raised an alarm over the use of 5G network in the C-Band spectrum and its potential impact on the safety of flights.

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NASA Says Sun Emitted Massive Radiation That Will Hit Earth This Weekend, Northern Lights Expected

An intense X1-class solar flare is scheduled to hit the Earth's atmosphere on Sunday, October 31, NASA has said.

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Mark Zuckerberg got a bit meta in his Meta presentation

In a keynote presentation announcing his company's name change - from Facebook to Meta - and a shift away from traditional social networking, Zuckerberg made sure to insert a long-standing gag that his employees and followers would appreciate: a bottle of barbecue sauce.

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Microsoft Edges Past Apple to Become World’s Most Valuable Company

Microsoft has now become the world’s most valuable company beating Apple whose shares fell about 2 percent following the results of the fiscal fourth quarter ending September 25.

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Nokia XR20 With Military-Grade Build, Snapdragon 480 SoC Goes on First Sale Today: Price in India, Specifications

Nokia XR20 is now available for purchase in India. The smartphone was launched on October 18 and is powered by a Snapdragon 480 SoC, paired with 6GB of RAM and 128GB of onboard storage. The smartphone gets MIL-STD810H-certified build with IP68 rating for dust- and water-resistance.

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Apple objects to links to outside payments ahead of Epic Games hearing

Apple on Friday for the first time signalled that its strongest objections are to the requirements to allow buttons and links that provide a "mechanism" for outside payments.

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Mobility startup IntrCity sees spike in demand as bus travel peaks to an all-time high

The platform is doing five lakh bookings a month with an annualised rate of $80 million in consumer spending, as travel picks up across India.

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Mobikwik, Oyo Rooms and Delhivery to soon join the IPO startup party

Following the success of Zomato’s listings, many of these new-age businesses are readying IPO plans.

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A Diwali bonus for bourses, courtesy startup IPOs

In all, at least $33 billion in market capitalisation would be added to Dalal Street within a fortnight by companies that didn’t exist a decade ago — Nykaa, Policybazaar and Paytm — by way of their initial public offerings (IPOs).

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Policybazaar raises Rs 2,569 crore from insurance cos, others in IPO anchor round

The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with investors like Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and others also participating.

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Move over Apple, Microsoft now the world's most valuable company

Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to a nagging global supply chain problem, leading to a miss on Wall Street expectations.

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Cryptocurrency: Ether Hits All Time High of $4,400

Ether the world's second largest cryptocurrency hit an all-time high, a little over a week after larger rival bitcoin set its own record.

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Samsung Leads Q3 Global Smartphone Shipments, Apple Beats Xiaomi Amid Market Slowdown: IDC

The latest IDC data suggests that worldwide smartphone shipments declined 6.7 percent year over year. This decline is largely attributed to the supply chain and component shortages faced in the industry. Samsung’s shipments declined from 80.4 million in Q3 2020 to 60.9 million Q3 2021. Its YoY market share reduced from 22.7 percent to 20.8 percent, seeing a YoY decl...

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Apple Doubled Its Business in India in Fiscal 2021, CEO Tim Cook Says

Apple doubled its business in India in the fiscal 2021, CEO Tim Cook said on Friday. iPhone 12 and iPhone 11 are believed to be the two key models helping the Cupertino company gain significant success in the Indian market.

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Bitcoin, Ether Recover From Mid-Week Dip as Dogecoin Rallies to Rise 29 Percent

Ether's milestone this week follows an all-time peak for Bitcoin last week of almost $67,000. It appears to be spurred on by increasing mainstream adoption of crypto tokens. Dogecoin, too, surged today, gaining close to 30 percent value.

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Meesho undertakes third ESOP buyback worth $5.5 million

Meesho, a social commerce platform that’s looking to take on Amazon and Flipkart in India’s ecommerce space, has repurchased ESOPs worth $6 million so far with across-the-board participation.

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The 'BET' vs 'OATS' EV battle plays out on Twitter

Bajaj Auto managing director Rajiv Bajaj, during the launch of the new Bajaj Pulsar, took a dig at EV startups and coined new terms such as 'BET' and 'OATS'. Talking about the future of electric vehicles, Bajaj said that he puts his trust in 'BET' (Bajaj, Enfield and TVS).

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Amazon Reports Slump in Profits Due to Labour, Supply Issues; Expects It to Continue Through Holiday Quarter

Amazon reported a slump in profit that it expects will continue through the holiday quarter, as higher pay to attract workers and other operational disruptions diminish the company's windfall from online shopping.

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Apple Results Hit by Supply Chain Woes, CEO Tim Cook Says Holiday Quarter Impact Will Be Worse

Supply chain woes cost Apple $6 billion (roughly Rs. 44,890 crore) in sales during the company's fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter.

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Meta Plans to Launch Smartwatch With Camera as Competitor to Apple Watch, Leaked Photo Shows

Meta, the company formerly known as Facebook, is developing a smartwatch with a front-facing camera and rounded screen, according to an image of the device found inside one of the tech giant’s iPhone apps.

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Amazon labour shortage hinders one-day delivery ambitions

Amazon said it anticipates $4 billion in additional labour and related expenses during the fourth quarter, amid pandemic-fueled shortages that made it harder to hire warehouse workers and drivers, and forcing it to route packages to out-of-the-way warehouses with sufficient staffing.

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Apple has doubled its business in India: CEO Tim Cook

“During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam. We are optimistic about the future, especially as we see strong demand for our new products,” said Cook.

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Facebook Changes Name to Meta, CEO Mark Zuckerberg Says Rebranding Reflects Investment in 'Metaverse'

Facebook is now called Meta, the company said, in a rebrand that focusses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile internet.

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'Very...Meta': Twitter cracks up over Facebook rebrand

Facebook Inc.'s announcement that the company would henceforth be called Meta Platforms Inc. unleashed a torrent of hilarity on Twitter from companies, people and even the social media giant itself.

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Facebook is now Meta: A look at other corporate rebranding efforts

Facebook Inc. is changing its name to Meta Platforms Inc., joining a long list of companies — including Google, Philip Morris and Nefflix — that have tried to rebrand themselves over the years, with varying success.

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Facebook changes name of parent company to 'Meta', replaces iconic thumbs-up logo



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Infosys comes together with BP to build energy-as-a-service solution

Infosys has come together with BP Plc to co-develop and pilot an energy-as-a-service (EaaS) solution to optimise utilisation of power and help businesses meet their goals of reducing emissions.

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Wipro and Oracle launch tollway transportation and billing solution

Wipro in partnership with Oracle, today launched Wipro Tollway Transportation and Billing solution to improve commuters’ experience while improving profitability for tollway authorities.

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Nearly all Indian firms are using some form of hybrid cloud architecture: IBM

A new study by IBM finds that the cloud market has entered the hybrid, multicloud era and concerns around vendor lock-in, security, compliance and interoperability remain paramount.

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Incorp India invests $10 million in Vakilsearch

InCorp India said the transaction envisages a primary infusion accelerating tech and product development and sprucing up the marketing, sales and talent acquisition at Vakilsearch.

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Facebook renames itself Meta to shed a toxic past, build metaverse

Facebook, under fire for spreading misinformation and other issues, said the name change was part of its bet on a next digital frontier called the metaverse, where friends and family can ineract with each other, no matter where they were on the planet.

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Personal Data Bill panel takes input from officials, companies

The panel, headed by BJP member of parliament PP Chaudhary, is likely to submit the report in the upcoming winter session of Parliament.

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Paytm IPO & changes in its insurance biz; Delhivery's valuation may reach $5 B

Paytm's upcoming initial public offering (IPO) — touted as the largest ever in India — is set to value the firm at about $19.5-$20 billion when it opens for subscription next month.

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Facebook changes its name to Meta

Facebook's name change is the most definitive signal so far of the company's intention to stake its future on a new computing platform -- the metaverse.

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Facebook tells employees to preserve all communications for legal reasons

The move, known as a "legal hold" follows intense media, legal and regulatory scrutiny over the social network's harms.

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Healthtech platform Cloudphysician raises $4 million from Elevar Equity

Healthtech platform Cloudphysician will use the funding to expand its global footprint and invest in strengthening its teams across verticals such as commercial, medical, technology and data science.

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Cognizant plans employee sops to arrest highest attrition rate among peers

Cognizant clocked an attrition rate of 33% in the quarter ended September 30, far exceeding those recorded by TCS (11.9%), HCL Technologies (15.7%), and Infosys, Wipro and Tech Mahindra (20%).

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Android 12L Announced for Tablets, ChromeOS Devices, Foldable Phones: Brings New Taskbar, More Features

Android 12L has been announced, aimed at large screens. It brings a new two-column layout, UI tweaks, and an improved compatibility mode. Android 12L will be released early next year and first developer preview will be released on Lenovo P12 Pro.

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Amazon Seen Triumphing Over Apple Privacy Policy Changes in Digital Advertising Business

Amazon is expected to emerge as a winner in the digital advertising arena, surviving Apple's privacy changes better than rivals Facebook and Snap.

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Samsung Says Component Supply Issues to Affect Chip Demand, Profit Hits 3-Year High

Samsung said it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years.

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Intel Teams With Google Cloud to Develop 'Mount Evans', a New Class of Data Centre Chip

Intel and Google Cloud said they have worked together to create a new category of chip that Intel hopes will become a major seller in the booming cloud computing market.

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US consumer watchdog to review Big Tech data, promote lending competition

Just a few weeks into the job, Rohit Chopra made his mark when the CFPB ordered Amazon.com Inc, Apple Inc and Facebook Inc to hand over information about how they gather and use consumer payment data.

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Petcare startup Wiggles raises $5.5 million from Anthill Ventures, others

Wiggles will use the funding from Anthill Ventures and others for R&D of new category-creating products and expansion. Its peers Heads Up For Tails and Supertails recently raised funds, indicating investor interest in the petcare segment.

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El Salvador adds nearly $25 million in bitcoin to state coffers, says president

The latest purchase of bitcoin, worth nearly $25 million at current prices, marks the first government acquisition of the cryptocurrency since September 20, when President Nayib Bukele said it had bought 150 bitcoins.

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Samsung warns supply chain upsets may hit chip demand, profit at three-year high

The warning comes as producers of goods from televisions to cars have faced a host of supply chain issues ranging from a shortage of logic chip parts, manpower shortages, logistics snarls, and delays at parts plants due to power cuts in China.

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Microsoft nearly overtakes Apple as most valuable company

Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft's shares jumped 4.2% to end at a record $323.17, elevating the software maker's market capitalization to $2.426 trillion, just short of Apple's $2.461 trillion valuation.

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Instagram Link Stickers Are Now Rolling Out to All Users: How to Use

Instagram Link Stickers, which let users include hyperlinks in Stories in the form of stickers, will now be available to use for everyone on the popular photo-sharing platform.

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Microsoft Rides Cloud Computing Boost to Nearly Overtake Apple as Most Valuable Company

A surge in Microsoft's shares nearly unseated Apple as the world's most valuable company, a day before the iPhone maker reports its quarterly results.

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AgriBazaar looks beyond the e-mandi to further its agritech push

AgriBazaar, an agritech startup, is moving beyond a pureplay marketplace and heading into agri-advisory, crop identification and estimation, cofounder and chief executive Amith Agarwal says.

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India seeks info on tech, processes used by Facebook

The missive follows recent revelations by Facebook whistleblower Frances Haugen that have "alarmed" the government, specifically with regard to the India experiment, where a dummy user's feed was filled with fake news and hate speech.

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LoveLocal raises $18 million funding round led by Vulcan Capital

Alumni Ventures Group, Commerce Ventures as well as angel investors including Nami Zarringhalam, cofounder of Truecaller; Sriram Krishnan, general partner of Andreessen Horowitz, also participated in the funding round.

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Acko raises new funds led by General Atlantic, Multiples as valuation jumps to $1.1 billion

Acko, which is the newest Indian unicorn, was last valued at around $400 million last year.

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Exclusive: One large platform is the problem, not all of Big Tech, says Snap CEO

Evan Speigel also spoke about the reasons behind the company's dramatic turnaround since 2017, the ubiquitous Stories format that Snapchat pioneered, the ongoing controversy around Facebook, and Apple's recent privacy changes.

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Exclusive: Android push powers Snapchat's India drive

Snap sees India as a priority market after breaching 100 million monthly user base

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Exclusive interview with Snap CEO; Paytm IPO opens Nov 8

In an exclusive interview, Snap Inc CEO Evan Spiegel told us the reasons for Snap’s resurrection, the secrets of its success in India, and what he really thinks of Facebook.

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Nykaa IPO heavily oversubscribed by anchor investors

Investment firm Blackrock Capital Group and asset manager Fidelity were among the top buyers in the$319.68 million sale of shares that FSN E-Commerce Ventures, the company which owns the Nykaa brand.

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Dark Web Sweep: Police Arrest 150 in Joint US-Europe Operation

Police in Europe and the United States announced the arrest of 150 people who allegedly bought and sold significant volumes of drugs, weapons, and other illegal goods on the dark Web.

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Alibaba Founder Jack Ma Touring Dutch Research Institutes to Pursue Interest in Agriculture Technology: Report

Jack Ma has been touring Dutch research institutions to pursue his interests in agriculture technology, South China Morning Post (SCMP) reported, quoting people familiar with his trip.

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WhatsApp Chat Transfer Feature From iOS to Android Arrives on Pixel Phones, Coming to Android 12 Soon

WhatsApp users on iOS will now be able to transfer their chat history to more Android devices. This feature was already available for Samsung Galaxy devices and is now being extended to Google Pixel devices. Google also mentions that this feature will also be available on smartphones that are launched with Android 12.

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Twitter Avoids Revenue Hit From Apple Privacy Changes on Advertising

Twitter reported its quarterly revenue grew 37 percent and avoided the brunt of Apple privacy changes on advertising that hobbled its rivals, sending its shares up 3 percent.

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Bitcoin Continues to Trade at Over $60,000 as Shiba Inu Value Jumps 15 Percent

Bitcoin's valuation of over $60,000 (roughly Rs. 45,01,050) for the 11th straight day suggests a clear price consolidation around the mark but it remains to be seen how long this resistance lasts.

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TikTok tells US lawmakers it does not give information to China's government

Senators at the hearing also voiced concerns that TikTok, owned by Beijing-based internet technology company ByteDance, and rivals YouTube, owned by Alphabet Inc., and Snapchat have algorithms that can be harmful to young people.

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Microsoft beats quarterly revenue estimates on cloud boost

The company's revenue rose to $45.32 billion in the first quarter ended Sept. 30, from $37.15 billion a year earlier.

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Google Advertisement Surge, Online Shopping Drive Record Profit for Alphabet

Google owner Alphabet reported higher than expected third-quarter ad sales, a sign that the business is overcoming new limits on tracking mobile users and that online shopping is as popular as ever heading into the holiday season.

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Microsoft Says Supply Woes to Continue for Xbox, Sees Cloud Business Growth

Microsoft forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles.

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Twitter avoids revenue hit from Apple privacy changes

Twitter's advertising revenue was $1.14 billion during the quarter ended September 30, in line with consensus estimates.

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Alphabet earns record profit on Google ad surge

Google advertising revenue rose 41% to $53.1 billion during the third quarter. Alphabet's overall sales jumped to $65.1 billion, above the average estimate of $63.3 billion among analysts tracked by Refinitiv.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...