ETtech
@ETtech
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Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times.
Joined February 2015
Builder.ai-#Dailyhunt fake #sales: All you need to know about the “round-tripping” scandal. By @reji_blessy . Read more at⬇️.
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Hey, everyone. It's recap time again but our main story today is so utterly, madly, pandemically bizarre that we've decided to skip our usual introduction and get right to it. THREAD .
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🚨🚨BREAKING NEWS: RBI is planning to ban cryptocurrencies : Nirmala Sitharaman.
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🚨🚨 @BYJUS appoints @_arjunmohan_ as CEO; incumbent Mrinal Mohit on way out. Mohit, a close lieutenant of founder Byju Raveendran, is leaving after spending nearly 10 years at the company. @digbijaymishra1 reports.
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A 'crypto' scam is brewing on Twitter as shady accounts sneak into online fan clubs. An @ETtech investigation by @ShephaliBhatt and @Ashwin_ET .
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#Watch: #ETSA2024 | Had to clear out senior Zomato executives who lost the drive post-IPO: @deepigoyal . Read more at:.
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Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago.
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🚨 Tesla has opened a fully-owned Indian subsidiary in Bengaluru, as a first step to set up an R&D unit and a manufacturing plant for its electric vehicles in the country
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🚨🚨 ETtech Investigation: A 'crypto' scam is brewing on Twitter, and social media at large, report @ShephaliBhatt and @Ashwin_ET
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🚨🚨 Facing backlash, WhatsApp to delay new privacy policy by three months
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Hope Infosys and Nandan Nilekani will not let down our taxpayers in the quality of service being provided, Finance Minister Nirmala Sitharaman says on Twitter.
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ETtech Opinion | Hybrid learning will gain more momentum in 2023: Byju Raveendran.
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On Gender Gap In India's Startup Ecosystem. "I've always said there are no glass ceilings. I don’t think men are waiting to not allow women to do what they want. I think women have to want it. And if they want it for themselves, they will have it.". Read:
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🏆 Good morning! The day is finally here. The winners of the #ETStartupAwards2021 are:. ■ Startup of the Year: @zomato.■ Midas Touch (best investor): @sbikh.■ Woman Ahead: @ChapmanLizzie. Read more:
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🚨🚨JUST IN: Google invests $350 million in ecommerce major Flipkart as part of its ongoing funding round of $1 billion.
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🚨🚨 🆕 🆕 Rare Rabbit, a Bengaluru-based omnichannel premium men’s apparel brand, is closing its maiden institutional funding round of Rs 500 crore valuing the company at Rs 2,200 crore.
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ET Exclusive-Morgan Stanley warns Walmart may exit #Flipkart post new FDI rules. Says an exit is not completely out of the question with the India e-commerce market becoming more complicated, @NishanthV_ET @samidhas
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🚨🚨 Paytm is reportedly aiming to raise $3 billion in an IPO late this year
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Big Tech must stop treating India like a third-world market, says Paytm CEO Vijay Shekhar Sharma @vijayshekhar
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@rsprasad @SurabhiA_ET @ASMankotiaET . @rsprasad: I have instructed the department to come up with a policy framework so that work from home becomes a mass movement in India. There is great potential to permit innovation, reduce load on the system and the establishment
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@rsprasad had a word of advice for startups at #ETStartupAwards -“I want to tell something to startups. Never ignore the facet of inclusion. Indians love technology. You will never succeed in India without compassion. ” .
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⚡️ Crypto exchange @WazirXIndia launches a NFT marketplace for Indian artists @NischalShetty.
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'Twitter doesn't believe in free speech. like we're all commie': secret recording reveals.
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@rsprasad @SurabhiA_ET @ASMankotiaET . @rsprasad said the incentives worth Rs 48,000 crore for the electronics manufacturing sector will play a big role in reviving the economy reeling from the Covid-19 virus outbreak
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. @Binance has acquired Mumbai-based bitcoin exchange @WazirXIndia, in a significant move in the cryptocurrency ecosystem in India @sangha_kar.
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🚨Scoop: Digital payments firm Razorpay is in the process of moving back its parent entity to India from the US, amid tighter sectoral regulations.
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Cricketer @deepak_chahar9, wife float fantasy sports app. Chahar along with his wife Jaya Chahar has floated a sports tech venture JCDC Sports, which has rolled out a fantasy sports gaming platform TFG (Trade Fantasy Game). Read more here:.
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Bengaluru-based @zerodhaonline has replaced giants like ICICI Securities, HDFC Securities, Kotak Securities, Motilal Oswal and Sharekhan to emerge as the largest broker in India in terms of number of clients
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Bollywood actor Akshay Kumar has invested an undisclosed amount in GOQii, as part of the home-grown wearable devices maker’s ongoing Series C funding round in which it is aiming to raise $50-$70 million @BiswarupGET.
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While social media companies have played a commendable role in dealing with the crisis, they need to behave responsibly in tackling misinformation, @rsprasad told @SurabhiA_ET and @ASMankotiaET
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.@stpiindia units in Karnataka exported services worth Rs 36,459 crore during the past three months amid the lockdown in the wake of a pandemic @ayanpramanikET.
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Paytm stops 'root access' on Android phones after flagged by French security researcher
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OnePlus to stick to its online-only sales strategy in India @OnePlus_IN @petelau2007 @getpeid @Vikas_AGL.
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India's top founders & VCs Abhay Pandey (@abhay__pandey), Kunal Shah (@kunalb11), Farid Ahsan (@frdahsan), Tarun Davda (@tarun_davda), Sandeep Singhal (@aaasandeep) & Sahil Barua pick their startup of the year
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Sridhar Vembu, founder and CEO of @Zoho which has remained bootstrapped since it was founded in 1996, has been conferred the Padma Shri award. #PadmaAwards @svembu
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🚨 Paytm is setting up oxygen plants in 12-13 cities, as hospitals across the country face oxygen shortage amid the more virulent second Covid-19 wave @vijayshekhar @Appy2209.
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Ethereum founder Vitalik Buterin has donated $1.14 billion in cryptocurrency to Covid-19-hit India. Read more:
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Xiaomi India's revenue in 2017 will be more than $2 bn: MD Manu Kumar Jain @XiaomiIndia @manukumarjain.
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Xiaomi now has 2,000 exclusive Mi Stores across the country, with the last 1,000 Mi Stores coming in a little over 4 months. This should help the company reach its target of driving 50% of sales through offline by 2019-end, @manukumarjain tells @Alnoor_ET
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The government is not interested in interfering in the activities of social media platforms but wants to stop their 'abuse' and 'misuse' through a 'soft-touch' oversight mechanism, says Ravi Shankar Prasad @ASMankotiaET @romitguhaET
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⚡️⚡️WazirX catches a cold every time the crypto world sneezes, but India's largest crypto exchange has promised to make amends. #BitcoinCrash. A must-read by @Appy2209:
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Justice BN Srikrishna, who led the committee that drafted the data bill, said the bill placed in Parliament which allows govt to exempt its agencies from some or all provisions, is “dangerous” and can turn India into an “Orwellian State” @MeghaMandaviaET.
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Between an endorsement by Elon Musk and the #WhatsAppNewPolicy, #SignalApp is having its moment in the sun.
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Indonesia's Pundi X looks to launch crypto PoS network in India later this year @PundiXLabs.
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⚡️ Lack of understanding among Indian regulators is causing banks to move against crypto firms, says @cz_binance @Appy2209.
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Startups like MyVoteToday & ShareChat turn pollsters by analysing users’ posts @sharechatapp @myvotetoday.
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🚨Amazon says it will donate 100 ICU ventilator units to the Indian government which it would import and airlift from the US
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Zerodha’s @nikhilkamathcio launches WTFund for young entrepreneurs. The sector agnostic fund called the ‘WTFund’ will offer a grant of Rs 20 lakh, enabling founders to retain full equity in their ventures.
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Scoop: Paytm, which comprises about a third of the total orders on the Open Network for Digital Commerce (ONDC), may forego the 3% commission it charges as a buyer app on the network, intensifying the challenge ONDC poses to the Swiggy-Zomato duopoly.
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Snapdeal's @1kunalbahl has taken over as the chairman of CII's e-commerce committee for the year 2020-21
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🚖 TCS has won a 10-year contract from Transport for London to design, implement and operate a cloud-based smart mobility system for administration of London’s 115,000 taxis and private-hire vehicles.
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🚨Twitter has to comply with new IT rules for digital media, says Delhi High Court. Read more:
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🚨 PUBG Corporation has cancelled its franchisee deal for PUBG mobile games with Tencent Games in India following the ban of the gaming app in the country
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Garuda Aerospace to tie up with Goa agri dept for promoting use of drone in farming. Drone maker @garuda_india will collaborate with Goa's Department of Agriculture to conduct a drone yatra, an initiative boosting the usage of drones in this sector.
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@myntra @albinder @nikhilkamathcio Juror @ShubmanGill also shared his experience being on the elite jury:
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Infibeam's Buildabazaar platform to be used for Saudi Telecom’s Jawwy @buildabazaar @jawwy.
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🆕🆕After clocking partial exits from portfolio firms like Sharechat and Sugar Cosmetics, India Quotient gets $64 million from domestic investors for the first close of its 4th fund, @anandlunia @sinhamadhukar .
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🏦 Traditional banks will have to transform and evolve to keep pace with the digital revolution underway in the country, said @ianuragthakur in a special address at the #ETStartupAwards Dialogues.
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🚨 Twitter has suspended the account of Bollywood actor Kangana Ranaut for violating its rules on Tuesday
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7,000 Indian railway stations could soon become digital hotspots @sureshpprabhu @RailMinIndia.
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🚨 India must replicate the Aadhaar model to create a massive vaccination programme that can cover 3-5 million people daily, @NandanNilekani tells @ragkrishnan_ET & @ARaiET in a wide-ranging interview
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🚨 JUST IN | Reliance Retail has led a $240 million funding round in Dunzo, which gives the Mukesh Ambani-led company a 25.8% stake in the quick commerce startup.
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How Zerodha stood its own against India’s largest stock brokerages @zerodhaonline @Nithin0dha.
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🦈 No deal | Over a year after Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft commitments that they had agreed to deploy in startups on the show, according to an analysis by PrivateCircle Research.
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Unacademy secures $11.5M funding led by @Sequoia_India & @SAIFPartners @singh_sequoia @gauravmunjal @alokg.
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#ETStartupAwards: @zerodhaonline has secured the coveted Startup of the Year award @Nithin0dha @kamath_nikhil
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.@_sachinbansal Flipkart cofounder with @dilipasbe at the #ETAwards @NPCI_BHIM won the policy change agent of the year award.
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🚨 Ola is migrating its IT workload from Amazon Web Services cloud as well, after having exited Microsoft’s Azure cloud. For Azure, Ola’s departure would mean a daily revenue loss of Rs 5-25 lakh. For AWS, this number would range between Rs 30 and Rs 40 lakh.
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🚨 BREAKING | Paytm shares hit lower circuit on listing day after biggest Indian IPO. Read more:
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