What’s more, the cricket competition will take place live online over the course of two days, which means proxies for the two men will have to make minute-by-minute bids and counterbids in real-time. Imagine a Sotheby’s-style auction with Bezos and Ambani, worth about $275 billion and $100 billion respectively, bidding for a prize that only one can ultimately possess.
Signal violations topped the list with 581 cases being recorded in what the city police termed an ‘awareness drive’ conducted on Wednesday. Failure to adhere to line discipline, not wearing a helmet and others made for the rest of the violations.
Sellers ET spoke with said that they are yet to receive a communication from Amazon, Flipkart or Meesho about any hike in freight rates, but they expect to pass on the additional cost to the customers by increasing prices as and when costs rise.
According to industry estimates, the top 5-6 Indian crypto platforms clocked about $70-100 billion in trading volumes for the calendar year 2021 with WazirX alone racking about $43 billion. However, such growth is likely to taper off this fiscal if tax provisions are not altered, industry executives said.
Last year, sustained investor interest had led to a meteoric rise in volumes on crypto exchanges. According to industry estimates, the top five to six Indian crypto platforms clocked $70-100 billion in trading volume in calendar year 2021, with WazirX alone handling about $43 billion.
The industry body estimates 40-60% penetration of deep tech in software products by 2030, where trends such as artificial intelligence and machine learning are seen to become prevalent.
The fresh cash is being deployed at a time when Walmart-owned Flipkart is scaling many of its new businesses like epharmacy, travel, social commerce platform Shopsy and doubling down on its grocery business.
According to data shared by the National Payments Corporation of India (NCPI), UPI recorded 504 crore transactions up to March 29 for a value of Rs 8,88,169 crore.
The micro, small and medium enterprises or MSME-focused lender will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale.
GoTo, formed last year by the merger of ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, surprised some investors and analysts when it launched its IPO process earlier this month, braving turbulence in global equity markets.
Further hearings on the findings of the probe will begin shortly, the sources said. Google will then have a chance to present its argument, following which a verdict will be given. One of the sources said CII “is quite convinced that the policy will definitely harm developers if implemented”.
In addition, the regulator also examined allegations that Google used ‘‘search manipulation’ to push Google Pay. CCI has directed the Reserve Bank of India to look into the matter, the sources added.
At the vanguard of this drive into India will be former SoftBank investor Deep Nishar, who joined General Catalyst in January, and former Snapdeal and Meta (the erstwhile Facebook) executive Anand Chandrasekaran.
A division bench of Justices Poonam Bamba and Rajesh Shakdher adjourned the matter after WhatsApp’s counsel, senior advocate Harish Salve, said the Personal Data Protection Bill was yet to be passed by Parliament.
Development centres in India and other centres in the East aid in making products for the local or the “mass mid-market segment” and are not just back offices, Honeywell International's global chief technology officer, Suresh Venkatarayalu, told ET.
Sony's PlayStation Plus and PlayStation Now will be clubbed into a single option for subscribers and will be collectively called ‘PlayStation Plus.’
Insiders estimate that more than 400,000 delivery jobs will be up for grabs in the next 90 days, almost 50% more than this time last year.
Investors are expected to double down on quality assets with larger rounds, setting a more measured pace of deal-making in 2022. Deal-making will likely be affected by the funding winter that has set after tech stocks took a huge beating in the global markets, causing a moderation in the funding frenzy also in the private market.
The funding will be used to expand across categories and geographies, and strengthen its back-end technology, said Angad Kikla, cofounder and CEO of Citymall.
Companies such as Zomato, BigBasket, Ecom Express, Shadowfax and Swiggy are ramping up their delivery manpower, led by a growing demand for online delivery and quick-commerce services.
“India is increasingly important as a growth engine of the company,” Belmer told ET on his maiden visit to India since taking charge of the €2.9-billion company just about 100 days ago.
Industry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a data protection law. They are also seeking clearer definitions of terms like high-value data set and anonymised data, and a phased implementation plan.
The tax department is scrutinising how exchanges that allow trading in India manage their cryptocurrency float, and whether there is any element or any transaction where Goods and Services Tax (GST) could apply, people aware of the development said.
The group aims to transfer over 250 business-critical applications such as database management software SAP HANA to Google Cloud’s infrastructure to centralise workflows and streamline operations, it said in a statement.
Anuj Mittal was recently appointed as vice-president of its investor relations division, the sources added. Mittal, according to his LinkedIn profile, was heading strategy and investor relations at L&T Financial Services for almost three years and had previously worked with Standard Chartered Bank as well as JP Morgan.
According to an Orios Venture report, India saw 46 new unicorns in 2021, taking the number of such startups with a valuation of at least $1 billion to 90. Indian startups in 2021 raised $42 billion, up from $11.5 billion in 2020. These fundings at high valuations have made many startup founders and top executives multimillionaires in dollar terms.
Set to open in December 2022, the API Lab at BITS Pilani will cultivate interest in APIs and provide a space for students to build new skills through ideating, innovating, and tinkering with new projects, the company said in a statement.
The funds will be used for business expansion as well as technology for acquisitions, product delivery and portfolio management. Part of the funds will go to its subsidiary, Vivriti Asset Management, which will use it to enhance the asset management platform focused on performing credits.
On Friday, Chennai’s traffic administrators summoned company executives, seeking clarification about the infrastructure required for safe operations of quick delivery services, people aware of the discussions told ET.
While Ola Electric is investigating the issue and is yet to find the root cause of the problem, other EV companies plan to work closely with component and battery manufacturers to get to the bottom of this safety issue as this could flatten the spiralling sales chart of EVs in the country.
Last week, Zoom introduced the avatars feature, which will replace a user's appearance with a virtual animal that mirrors his or her head movements and facial expressions.
Vendors who supply to Cloudtail across categories like electronics, health and personal care, and smartphones are being sent new contracts for transfer of the business to new and existing seller entities on Amazon India.
BFF, which has already made 20 investments till date, will typically invest $100,000 to $200,000 on an average in various early-stage startups and companies which are still at the idea stage.
Paytm Mall listed pressure cookers of Pristine and Quba on its platform despite the product description clearly stating that it does not carry ISI mark.
Paytm Mall listed pressure cookers of Pristine and Quba on its platform despite the product description clearly stating that it does not carry ISI mark.
The online education market, which includes K12, higher education and lifelong learning or upskilling in India is presently worth around $1.9 billion.
The online education market, which includes K12, higher education and lifelong learning or upskilling in India is presently worth around $1.9 billion.
The company claims to have reached a revenue of Rs 800 crore before the COVID-19 outbreak, but it came down due to the closing of schools during the lockdown.
The Bengaluru-based startup is backed by the likes of UAE-based CE-Ventures, Zinnia Global Fund, Lightbox, Bollywood actor Aamir Khan, among others.
In the 31 second video, the scooter is seen parked on the roadside of a busy commercial area and is completely engulfed in fire, possibly suffering from a thermal runway.
The 'Meta History: Museum of War' collection is a series of digital images - including silhouettes of warplanes, screengrabs of news reports and a cartoon-style image of an explosion - each one marking a different day in the conflict.
The audio streaming platform closed its office in Russia indefinitely earlier this month, citing what it described as Moscow's "unprovoked attack on Ukraine."
FCC Commissioner Brendan Carr said the new designations "will help secure our networks from threats posed by Chinese and Russian state-backed entities seeking to engage in espionage and otherwise harm America's interests."
Whatsapp was cofounded in 2009 by Jan Koum, a Ukrainian emigrant to the US. Koum was born in 1976 in Fastiv, the city where Russia began its invasion in February. Facebook acquired WhatsApp for $19.3 billion in 2014.
If data centre companies want to set up their own dark fibre networks, they will have to come to a similar revenue share arrangement under current laws, which companies say is not feasible for business-to-business networks.
The rule on country of origin had become a bone of contention during the India-China border tension in 2020. The department had fined Amazon India in 2020, in one of the first such instances of non-compliance of the rule.
Srinivasu founded BillDesk twenty years ago along with Ajay Kaushal and Karthik Ganapathy, his colleagues at Arthur Andersen. He led the company to become one of India’s one of the few profitable fintech companies in India.
The company is also creating its team from Cloudtail such as CEO Chandramouli Venkataraman, who joined in February from Cloudtail where he was the category leader.
The Chennai-based company, which plans to list on the exchanges on April 7, has set the price band for the initial public offering at Rs 130-Rs 137 per share.