Technology (application) The massive outage of Facebook-owned platforms such as WhatApp, Instagram, Messenger, and the parent website benefited rival channels. Telegram, which provides an instant messaging service similar to WhatsApp, announced on Tuesday that it gained more than 70 million new users during Monday’s Facebook outage.
Category Archives: Business
Paytm’s Coming of Age IPO in India: The Indian Smartphone Revolution
Digital economy Paytm is also, like Zomato, a joint bet on an early entrant into the Indian mobile payment market, with the goal of maintaining market share in India’s growing digital payment market. However, the companies’ business models are vastly different, with Zomato taking 20% or more of every dollar spent on its platform, comparedContinue reading “Paytm’s Coming of Age IPO in India: The Indian Smartphone Revolution”
Licious Raises $52 Million To Become India’s First Direct-To-Consumer Unicorn
Food Business Licious, a fresh meat and seafood company, raised $52 million in a ‘Series G’ round sponsored by IIFL Asset Management’s Late Stage Tech Fund on Tuesday. The Bengaluru-based firm claims it has become India’s first Direct-To-Consumer (D2C) unicorn as a result of the new funding. The Avendus FLF (Future Leaders Fund) has alsoContinue reading “Licious Raises $52 Million To Become India’s First Direct-To-Consumer Unicorn”
Chalo raises $40 million to digitize bus commutes in India
Business Mohit Dubey launched CarWale, a firm that allows consumers to sell and purchase used and new cars, more than a decade ago. However, after more than a decade with the company, Dubey realised that he was only helping 3% of India’s population. He desired to try something more substantial. Literally.Chalo, his newest startup, allowsContinue reading “Chalo raises $40 million to digitize bus commutes in India”
Trio get Physics Nobel for discoveries in climate, complex physical systems
Nobelians of their new ‘law of nature'(physics) thoughts Syukuro Manabe, Klaus Hasselmann, and Giorgio Parisi were jointly awarded the Nobel Prize in Physics in 2021 for “breakthrough advances to our knowledge of complicated physical systems.” One half of the prize was shared by Syukuro Manabe and Klaus Hasselmann for “physical modelling of Earth’s climate, characterisingContinue reading “Trio get Physics Nobel for discoveries in climate, complex physical systems”
Moody’s improves India’s outlook to ‘stable’
Economy On Tuesday, Moody’s revised India’s outlook from ‘negative’ to’stable,’ claiming that an economic recovery is begun, with activity building up and spreading across sectors. India’s sovereign credit rating was also affirmed by Moody’s at Baa3, the lowest investment grade, just a notch above junk status.The change in outlook to stable reflects Moody’s assessment thatContinue reading “Moody’s improves India’s outlook to ‘stable’”
Amid WhatsApp, Facebook, Instagram global outage, Twitterati have the last laugh!
Social media The outage has once again jolted the globe into action, reminding us how reliant we are on technology. According to a Reuters article, the outage tracking website Downdetector.com recorded over 20,000 incidences of customers reporting problems with Facebook and Instagram. Over 14,000 people were unable to use WhatsApp, while approximately 3,000 people wereContinue reading “Amid WhatsApp, Facebook, Instagram global outage, Twitterati have the last laugh!”
Ola acquires GeoSpoc to build next-gen location technology
Cab technology Ola, the ride-hailing company, has acquired GeoSpoc, a Pune-based geospatial start-up, to develop technologies that make mobility more universally accessible, sustainable, personalised, and convenient across shared and personal vehicles. Dhruva Rajan, the founder of GeoSpoc, and his geospatial scientists and engineers will join Ola as part of this acquisition. In a blog post,Continue reading “Ola acquires GeoSpoc to build next-gen location technology”
Mahindra XUV700 adds two new premium variants. Check details, price
Automobile The seven-seater two new variants — AX7 Luxury MT and AX7 Luxury AT AWD ( All-Wheel Drive) – are priced at ₹19.99 lakh and ₹22.89 lakh, respectively Mahindra & Mahindra on Tuesday announced the addition of two new variants to its premium sports utility vehicle, XUV700, in both manual and automatic transmission with dieselContinue reading “Mahindra XUV700 adds two new premium variants. Check details, price”
Aditya Birla AMC IPO: Issue price finalised. How to check share allotment status
Business Aditya Birla Capital on Tuesday said that Aditya Birla Sun Life AMC initial public offer’s (IPO) offer price has been finalised at ₹712 per equity share of ₹5 each of ABSLAMC. The fund house’s IPO received 5.25 times subscription by the end of the closing day. The ₹2,768.25-crore initial share sale received bids forContinue reading “Aditya Birla AMC IPO: Issue price finalised. How to check share allotment status”
India is likely to prevent Chinese investors from participating in the LIC IPO
Shares in Insurance According to Reuters, four senior government officials and a banker are working to defuse tensions between the two countries by barring Chinese investors from purchasing shares in a publicly traded life insurance firm (LIC).
newsB media 