Read Ashneer Grover’s resignation letter sent to the BharatPe board

In an email sent to the board, Grover said he had been ‘vilified’ and treated in the ‘ most disrespectful manner’ since the beginning of the year attacking the company’s investors.

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Kuhoo gets $20 million in fresh funding from WestBridge Capital

With the fundraise, the eight-month-old startup is now looking to partner with banks and non-banking finance institutions (NBFCs) along with top colleges in India to provide credit to students.

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Step up for Amazon’s Amit Agarwal; India 2nd to US in YCombinator list

Manish Tiwary, vice-president of the web retailer’s consumer business, will oversee day-to-day functions, but Agarwal will continue to head the India business.

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TCS to unveil new operational structure with four distinct business groups

Starting in April , the IT giant will order its entire business into groups termed as – acquisition, relationship incubation, enterprise growth and business transformation

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Enphase looks to tap 10% of rooftop market in next 2 years

Enphase sees incredible growth potential in India and has partnered with Salcomp to provide an impetus both domestically and export-wise for the country, said Sunil Thamaran, VP and MD at Enphase Energy India.

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Amazon’s Amit Agarwal elevated to head emerging markets

Manish Tiwary to run day-to-day India operations

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Fintech focused investor QED will deploy $500 million in Indian startups

Some of the fund’s biggest bets are Nubank, Remitly, SoFi and Klarna

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Ashneer Grover resigns from BharatPe, says he’s been ‘vilified’ by investors

Grover said in an email sent to the fintech’s board on March 1 at midnight that he had been ‘vilified’ and treated in the ‘most disrespectful manner’ since the beginning of the year.

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As Russia invades Ukraine, Moscow battles big tech to control the narrative

For the tech companies, the stand-off is the latest step in an ongoing confrontation with Russia where platforms risk government-imposed restrictions in the country as it seeks to censor dissidents while protecting state-run media.

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D2C lifestyle brand Damensch raises $16.4 million in funding led by A91 Partners

The company makes loungewear and innerwear for men. It will use the funds to invest in technology enhancements, strengthen and diversify the product portfolio, the company said in a release.

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Indian IT firms wait and watch on Ukraine; SIAC rejects Grover’s plea

An estimated 50,000 tech workers and 200,000-odd tech freelancers in Ukraine could be affected by the crisis, according to research firm ISG.

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Startups expected to lease 29m sq ft in 2022-2024

Some of the large deals closed recently include Byju’s taking 300,000 sq ft in Bengaluru and Zomato leasing 275,000 sq ft in Gurgaon. This was followed by Spinny taking 150,000 sq ft in Gurgaon.

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India is among top 10 engagement markets for Spotify

Despite the pandemic, the Swedish music streaming service has more than doubled its premium subscriber base in India in 2021

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Indian IT industry on wait-and-watch mode on Ukraine

Even though Indian IT companies do not have large operations in Ukraine, they have big centres in Eastern European countries like Hungary, Romania, Poland and the Czech Republic, where business continuity plans are being activated.

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Ukraine's government raises crypto worth $8 million in crowdfunding appeal

Ukraine's official Twitter account made the appeal for cryptocurrency donations on Saturday following the country's invasion by Russia, posting digital wallets addresses for tokens including bitcoin and ether.

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Google blocks Russia's RT app downloads on Ukrainian territory

The move means that new users will not be able to download the RT News app in Ukraine while current users may still be able to access it but will not get new updates pushed by RT.

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SIAC quashes Ashneer Grover’s emergency plea against BharatPe’s ‘governance review’

In an order passed on Friday, the arbitration body said Grover’s claims that the governance review was undertaken in an unfair manner held “no merit”, the people said.

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Twitter says its site is being restricted in Russia

On Friday, one day after Russia invaded Ukraine, Moscow said it was partially limiting access to Meta Platforms Inc's Facebook, accusing it of "censoring" Russian media.

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China's Didi reverses course, will remain in Russia

On Monday, Didi said it was leaving Russia on March 4, about a year and a half after launching services there. It has been in Kazakhstan for about a year.

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BitConnect's Satish Kumbhani charged by US in $2.4 billion Ponzi scam

Kumbhani, 36, was charged in San Diego with misleading investors about BitConnect’s purported propriety technology, which falsely promised returns based on phony “volatility software” that tracked cryptocurrency exchange markets, prosecutors said.

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Russia to restrict Facebook access for 'censoring' its media

Moscow has also increased pressure on domestic media, threatening to block reports that contain what it describes as "false information" regarding its military operation in Ukraine.

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Meta to bar Russian state media from running ads, monetizing on platform

"We also continue to apply labels to additional Russian state media," its security policy head, Nathaniel Gleicher, said on Twitter. "These changes have already begun rolling out and will continue into the weekend."

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NEC seeing healthy margin mix here, says India head Aalok Kumar

As part of the company’s global mid-term market plan, NEC is betting big on India to leverage the solution development and delivery capability from the country to drive global business growth, said Kumar.

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Russia-Ukraine crisis: Fact-checkers, social media platforms combat fake info

Fact-checkers and teams from social media companies were actively monitoring and disrupting attempts to amplify false information in the Russia-Ukraine conflict.

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Can bitcoin save Russia from sanctions?

: Crucially, though, Biden said the measures would not extend to cutting Russia off from the SWIFT network — a payments system used across the world — in response to European officials.

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Amazon questions legality of CCI’s December order

Arguing in the National Company Law Appellate Tribunal (NCLAT), Amazon’s lawyer, Gopal Subramanian, said the antitrust agency could suspend a previously approved business proposal only if it was hurting the competitive atmosphere.

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Digitalisation At The Heart With Security In Mind

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Facebook, Twitter highlight security steps for users in Ukraine

Both social media platforms are often used by political activists and researchers to disseminate information during times of crisis. The Russian invasion of Ukraine on Thursday also raised concerns about the spread of disinformation about the conflict on social media.

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SEC probes Elon Musk, brother Kimbal over Tesla share sales

The investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla, according to a Wall Street Journal report.

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The new US export rules designed to freeze Russian tech

The US on Thursday restricted exports to Russia of a broad set of US-made products as well as foreign-produced goods built with US technology, following the invasion of Ukraine.

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Crypto crashes, sparks panic; Dream Capital chases cricket NFTs

The digital asset has now lost almost half its value from an all-time high of $68,990 in November, owing to geopolitical tensions and the prospect of US interest rate hikes.

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Dream Capital in talks to lead $100 million funding in NFT platform Rario

If the deal goes through, it would be one of the largest investments in the NFT sector in India and Dream Capital's maiden bet in the Web3 space.

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Spectre of ‘crypto winter’ spooks all

In the last two months, Indian crypto investors have had to deal with regulatory ambiguity and the announcement of high tax rates on crypto gains on top of rising volatility in digital assets, which dragged their investments into the red.

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Infosys Metaverse Foundry will help establish a first-mover advantage

​The company expects to see a “hockey stick-shaped growth” very soon in this area and the latest move is a means to sharpen its edge over rivals.

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Indian fashion designers join NFT bandwagon

Manish Malhotra, Raghavendra Rathore, Anamika Khanna and Pankaj & Nidhi have seen their initial drops of digital artworks selling in minutes

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Suresh Muthuswami elevated as chairman of TCS North America

Taking over Muthuswami’s role will be Amit Bajaj who will assume the role of president, TCS North America. Bajaj has worked with TCS for 24 years across various global roles and was most recently heading the America and UK markets.

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BharatPe sacks Jain; Myntra’s new mantra

​Jain, who is the wife of BharatPe cofounder Ashneer Grover, had been in charge of finances at the company since October 2018.

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Live commerce, beauty among key focus areas for Myntra, says new CEO Nandita Sinha

Sinha, who was earlier vice-president of customer growth, media and engagement at Flipkart, told ET in an interview that Myntra is focussing on building and strengthening its team with a focus on fashion and technology. Her big priority is to push internal talent, she added.

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India adds 10th unicorn in 53 days

As of February 9, 2022, India had 88 unicorns with a total valuation of $295.99 billion. Out of the total, 44 unicorns with a total valuation of $94.37 billion were born in 2021.

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ASCI issues guidelines for promotion and advertisement of crypto, NFTs

The 12 point guidelines also state that such ads shall not promise or guarantee profits, compare VDA products with a regulated asset class, or depict minors in the ads.

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Facebook launches Reels globally, betting on 'fastest-growing' format

The company, which says video now accounts for half of the time people spend on Facebook, also announced new ways for creators to make money through the Reels feature.

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BharatPe sacks Madhuri Jain amid charges of financial fraud

Madhuri Jain has been in charge of finances at BharatPe valued at $2.8 billion since October 2018, and was also named in the preliminary investigation by Alvarez & Marsal investigation, linking her to the financial irregularities in the startup.

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Experts flag lack of laws on govt use of citizen data

They pointed out that the current Information Technology Act, 2000 governs usage of personal data by private corporations but there is no policy to govern personal data usage by the government.

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IvyCap rakes in $214M for third fund; new investment vehicle for founders

The company will continue to focus on areas such as consumer technology, deep-tech, healthtech, fintech, SaaS and edtech.

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Silicon Valley biggies back new $45 million investment vehicle for Indian founders

AngelList India's Utsav Somani launches Galaxy to help early-stage startup founders make investments, gets backing from Naval Ravikant, Jake Zeller

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IvyCap Ventures raises Rs 1,608 cr in first close of third fund

IvyCap’s Rs 2,500-cr Fund III will be among the largest pools of domestic rupee capital

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Good Creator Co likely to acquire video commerce startup Bulbul

Bulbul cofounder Sachin Bhatia will take over as GCC’s chief executive officer

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MeitY’s draft data policy looks to unlock govt data for all

The document, released on Monday by the Ministry of Electronics and IT (MeitY), has proposed an India Data Office (IDO) with the idea of streamlining and consolidating data access, and sharing of public data repositories across government and other stakeholders.

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CCI seeks more info to clear mega PayU-BillDesk deal

“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person directly aware of CCI’s queries to PayU.

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Creator economy platform Qyuki in talks with strategics for majority stake sale

While stake sale talks are on, another person said the company is also open to picking up capital from financial investors if the sale doesn’t go through.

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