“The PLI and other schemes to boost semiconductors will not only help domestic companies to overcome the challenges posed by Covid-19 but also assist them to become globally competitive, especially in chip making,” the survey said.
According to the Economic Survey, the Aatmanirbhar Skilled Employees Employer Mapping portal consists of AI-driven interfaces such as connecting applicants to hyper-local jobs using machine learning and automated match.
Computer services comprised 49% of total services export in the first half of fiscal 2022 and continued to be the largest exported service in the first half of the fiscal 2022, said the Economic Survey report for 2021-22.
Bungie will join Sony's PlayStation family, the US company said in a blog post, as the Japanese conglomerate strengthens its network of in-house gaming studios behind hits such as "Spider-Man" to take on cash-rich rivals.
The sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director David Marcus, amid an exodus of staffers in the fall.
The survey also showed that Delhi has replaced Bengaluru as the startup capital of India in recent years. Over 5,000 recognised startups were added in Delhi while 4,514 startups were added in Bengaluru.
Although China is promoting blockchain technology, it has banned bitcoin, which is based on the technology. Regulators in September cracked down on cryptocurrencies with a blanket ban on all crypto transactions and mining.
Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of its parent One 97 Communications Ltd. to $7.8 billion from $20 billion.
"This new effort to combat misinformation will roll out to countries around the world in the coming days," CEO Daniel Ek said. "To our knowledge, this content advisory is the first of its kind by a major podcast platform."
In his first interview since the audio clip controversy, BharatPe's cofounder Ashneer Grover accuses unnamed detractors of fanning the flames, says some board members have been forced to react due to media scrutiny.
BharatPe’s co-founder and MD Ashneer Grover is engaging with Karanjawala & Co. on how to best safeguard his position and keep his shareholding of around 9% intact, in the event of a board action to remove him from the firm.
BharatPe cofounder Ashneer Grover has hired a Delhi law firm as pressure mounts on him to leave the company permanently, in light of the audio clip controversy.
Founded in 2020, Sortizy offers recipes and cooking lessons on video as well as a feature that allows users to plan their meals as well grocery purchases. It was recognised by Google Play India as the best app of 2021 in the everyday essentials category.
The study involved 201 Indian mobile apps and websites from 100 organisations across 25 industries. Arrka tracked various privacy parameters over five years. Here are some of its findings.
"Uday Kotak is a legend. I had the fortune of starting my career in Kotak...and can tell you no one understands or does finance better in India!" Grover says in a comment to a LinkedIn post.
The strong showing comes in the wake of a mega year for venture capital investments as Indian startups mopped up $34.7 billion across 1070 deals in calendar year 2021.
Spotify which decided to take off Young’s catalogue from its platform, has since come under intense criticism for supporting Rogan, who hosts one of its most commercially popular podcasts.
BharatPe serves over 75 lakh merchants across 150 cities. The company has already facilitated the disbursement of loans totalling over Rs 3,000 crore to its merchants since its launch.
USCIS will assign a confirmation number to each registration submitted for the FY 2023 H-1B cap, which can be used to track registrations. Under the new system the agency now follows, applicants will register electronically and pay a $10 registration fee.
"BharatPe, through its legal firm, Shardul Amarchand Mangaldas has appointed Alvarez and Marsal, a leading management consultant and risk advisory firm to advise the Board on its recommendations," the company said.
The world's largest company by market value raked in sales of nearly $124 billion and profit of $34 billion, showcasing its ability to navigate a global supply crunch during the crucial holiday quarter.
"We are pausing the ability for people to join CrowdTangle while we work through some staffing constraints," a Meta spokesperson said. New users can still get added to existing company accounts on the tracking tool, the spokesperson said.
According to data shared by Xpheno, a specialist staffing firm, 100 to 120 CXOs are likely to be hired by these 130 unicorns and soonicorns against 50 in 2021.
The non-fungible tokens, or NFTs, are bought and sold on bespoke marketplaces such as OpenSea, Decentraland and SuperRare, not social media platforms such as Facebook and Twitter. Why this craze then?
The Google-Airtel deal will counter Microsoft Azure and Amazon Web Services (AWS) in India’s cloud space by bringing online lakhs of small and medium businesses—a stronghold of the Indian telecom major.
Areas of concern include whether the company provides sufficient information about its new terms of service and if its notifications prompting users to accept the new terms and privacy policy are fair.
"I would be shocked if we do not achieve full self-driving safer than human this year. I would be shocked," Musk said, predicting full self-driving would become "the most important source of profitability for Tesla."
Apple analyst Ming-Chi Kuo and Bloomberg have reported Apple plans to introduce an AR headset by this or next year with glasses to follow later. Apple has not yet publicly acknowledged these plans.
Amazon India has shot off another letter to Future Retail’s independent directors after they rejected the US-based etailer’s bailout offer via Samara Capital.
About 70% C-suite leaders view the Personal Data Protection Bill as an opportunity to build trust, according to the EY Data Privacy Survey.
The company that offers technical solutions for dairy farmers will use the fresh capital for hiring the top tech talent, significantly grow revenue and expand on operational locations.
Broad exemptions sought by lawmakers in the proposed Data Protection Bill will adversely impact the fortunes of India’s $190 billion IT-BPM industry in the European Union, senior executives say.
The system will likely use iPhone's near field communications, or NFC, chip that is currently used for Apple Pay, the report said, adding the feature may roll out through a software update in the coming months.
Tesla, which produced a few cars at its Berlin and Texas factories last year, said scaling up production there would depend on supply chain headwinds and the successful introduction of new technologies.
India’s gig workers have been on the frontlines during the pandemic, delivering food and other essentials even during lockdowns and curfews.
With a target size of $100 million, Beams will look to invest $8 million-$10 million in growth-stage funding rounds of Indian fintech companies and plans to invest across a dozen fintech startups. The fund is in the advanced stages to make its first close.
The Bengaluru-based unicorn presently valued at $4.01 billion has begun product work on these new offerings and is likely to launch the features later this year.
Many delivery staffers say companies not helping with second shots, PPE gear; online firms refute claims
NHTSA wants records of any crash reports tied to the feature and for Tesla to furnish a chronology of events and studies supporting its risk assessment "in employment of front seat non-driving related tasks from in-vehicle based devices even if the task is intended only for front seat passenger."
The descriptions point to the long shadow thrown by Chinese authorities who have already intimated they will have a heavy regulatory hand in how it will develop - a shadow some China metaverse advocates fear will stunt its growth.
The US chipmaker has told partners that it does not expect the deal to close, the report said, adding that SoftBank is stepping up preparations for an initial public offering of Arm.
The start of 2022 hasn’t been kind to India’s recently listed tech firms, so a successful Boat IPO would bring some much-needed cheer.
Many traders and investors liquidated some of the riskier tokens, rebalanced their portfolios by moving to stable coins and also indulged in opportunistic buying to average down their portfolios.
Warburg Pincus, the single largest shareholder with around 36% stake, will divest shares worth Rs 700-800 crore in the Boat IPO, likely to be an equal mix of fresh stock and an offer for sale.
San Francisco-based low-code platform Retool is expanding its presence in India with exclusive offerings as it sees huge traction from IT service providers and startups alike.
In a letter to Finance Minister Nirmala Sitharaman ahead of the Budget 2022, IndiaTech proposes that GST be levied only on the amount received by a gaming platform for providing its services and not on the prize pool.
With the sixth cohort, the Sequoia Surge community now includes 246 founders from 112 startups across more than 15 sectors, including SaaS, developer tools, edtech, cybersecurity and fintech.
The pandemic-induced rapid digital transformation across all industries has pushed demand for young engineers from NITs to new highs, resulting in one of the best placement seasons across these colleges.
The Delhi government has issued a draft scheme to regulate the transportation activities of various tech companies, spanning food delivery, mobility and e-commerce in the National Capital Region.
