The Indian Railway Catering and Tourism Corporation (IRCTC), due to privacy concerns, withdrew a contentious tender for the employment of a consultant to monetise its passenger and freight customer data, officials said on August 26. The railroads’ ticketing and catering division told Congress leader Shashi Tharoor’s Parliamentary Standing Committee on Information Technology that it was … Read more
Switchboard is a video meeting startup that lets teams collaborate on other software in real time. It went viral on Product Hunt and signed up over 1,200 teams in one week with no marketing budget. They’ve just raised a $25 million Series A led by Icon Ventures to take on Zoom and Microsoft Teams. Switchboard … Read more
One 97 Communications, the parent Company of Paytm is scheduled to hold it’s AGM on August 19, 2022. Ahead of the meeting, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has advised shareholders of One 97 to vote against some key proposed resolutions. Reappointment of Vijay Shekhar Sharma (VSS) as the MD – … Read more
Investor Mark Cuban said buying metaverse land is “the dumbest shit ever.” Virtual real estate exploded in popularity last year, with companies like Sandbox selling property. But the metaverse is nowhere close to materializing, and interest in it appears to be waning. Something is loading. Billionaire investor Mark Cuban is out on digital land purchases. … Read more
Lawyers for Elon Musk have notified the US Securities Exchange Commission that the Tesla and SpaceX CEO is moving to terminate the deal to acquire Twitter, and accusing the social media company of being “in material breach of multiple provisions” of the merger agreement. Shares of Twitter fell roughly 6% following the news, while shares … Read more
Pharma company Cipla has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent, the company said on Monday. The investment will be made in equity shares and Compulsorily Convertible Preference Shares and is likely to be completed within 30 … Read more
Quick commerce is a buzzword now-a-days and Zomato has been at the forefront of it. It has provided significant support to Blinkit (erstwhile Grofers) over the last few months. In November 2021, invested an equity of $100 mn, valuing Blinkit at > $1 bn; and In March 2022, committed debt of $150 mn to support … Read more
Cyber-security researchers have unearthed a new enterprise-grade Android spyware called ‘Hermit’ that is being used by the governments via SMS messages to target high-profile people like business executives, human rights activists, journalists, academics and government officials. The team at cyber-security company Lookout Threat Lab uncovered the ‘surveillanceware’ that was used by the government of Kazakhstan … Read more
Elon Musk, the CEO of Tesla Company and one of the world’s richest people, has expressed his displeasure towards the video streaming platform YouTube which is owned by search giant Google. The Tesla CEO slammed YouTube’s service by tweeting on the micro-blogging site Twitter. Elon Musk even called YouTube a scammer. Musk tweeted,” YouTube seems … Read more