UPI: $1Trillion; OYO vs ZO Rooms..and more
Musk's Starlink in India
NPCI looks at $1 trillion worth of transactions through UPI on annual basis
The National Payments Corporation of India is looking at USD 1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country.
New GriftHorse malware has infected more than 10 million Android phones
The GriftHorse malware gang is believed to have infected more than 10 million Android devices across 70+ countries.
Sanjay Bhargava to head Elon Musk’s Starlink satellite broadband venture in India
Sanjay Bhargava, who had worked with Elon Musk as part of a team that had founded electronic payment firm, PayPal, will now head the tech billionaire entrepreneur’s Starlink satellite broadband venture in India
Facebook-backed 2Africa set to be the longest subsea cable upon completion
The extension will see 2Africa become the longest subsea cable system in the world upon completion, Facebook said.
Vedantu turns unicorn after a $100 Mn round led ABC World Asia
Edtech startup Vedantu is the latest to graduate to the coveted unicorn club after the company raised $100 million in a Series E round led by Singapore based ABC World Asia and participated by Coatue, Tiger Global, GGV Capital, Westbridge and others.
LinkedIn is blocking the Chinese profiles of journalists and researchers over ‘prohibited content’ not approved by the government
LinkedIn is censoring profiles on its Chinese website of prominent journalists over “Prohibited content” that is considered offensive to the country’s ruling communist party.
YouTube bans high-profile anti-vaccine accounts
Under the new policy, it will block videos that spread misinformation about all commonly used vaccines, like the MMR vaccine, which protects against measles, mumps and rubella.
OYO accuses Zo Rooms of ‘forum hunting’ after Zostel’s latest plea to stop its IPO
It has found itself in the middle of another legal battle before it takes a step ahead. Hotel rooms aggregator Zo Rooms, which is managed by Zostel Hospitality, has moved a new petition to the Delhi High Court in order to restrain OYO from modifying its shareholding pattern.
Elon Musk claimed the Biden administration is ‘biased’ against Tesla and ‘controlled by unions,’ his third attack on the president in the past month
Elon Musk is doubling down on his criticism of President Joe Biden, claiming bias against Tesla.
India server market revenue touches $289.5 mn in Q2 2021
The x86 server market increased YoY by 12.3% in terms of revenue to reach $261.6 million in Q2 2021 from $232.9 million in Q2 2020.
Mahindra is said to weigh electric supercar unit funding options
Mahindra & Mahindra Ltd. is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, people with knowledge of the matter said.
China Wields New Legal Weapon to Fight Claims of Intellectual Property Theft
WASHINGTON-Chinese technology giants have seized on a new legal tactic to fight claims of intellectual property theft, raising concerns in the U.S. that Beijing’s promises to strictly enforce patent and copyright laws will be undermined by Chinese courts.
Google faces possible regulatory action in Australia over online ad fees
Google’s digital advertising technology services are delivering benefits for businesses and consumers-helping publishers fund their content, enabling small businesses to reach customers and grow, and protecting people online from bad ad practices,” the Google spokesperson said.
Facebook asks Oversight Board for guidance on how it regulates high-profile users
Facebook Inc. said it plans to ask its Oversight Board to recommend ways the company can improve how it regulates content from high-profile users, acknowledging it has struggled in this area.
Snapchat makes a quiet comeback in India
Snapchat clocked 102.4 million downloads on Google Play Store in India between January and August this year, according to web analytics service provider Similarweb.