After years of disciplined execution in building global products out of Chennai, a growing crop of Chennai’s tech product entrepreneurs crossed the seas in 2019 to prove their mettle in Silicon Valley. From building teams and aligning to new cultures, it’s not an easy transition, but the new ‘Madras-Bay Area’ mafia has made it a […]
Archives for 2020
Editor’s Comment: The grim news about Generation X
I’ve often wondered exactly how many people regularly use an IFA and now we know – it’s about 8%, at least of the key so-called Generation X segment of the population, the important 39-54 year-olds. We’re indebted for this information to pension consultancy Dunstan Thomas which asked just over 2,000 UK consumers about their pensions […]
Treasury appoints Woolard as interim FCA chief executive
The Treasury has appointed experienced FCA hand Christopher Woolard as its interim chief executive, replacing Andrew Bailey who is leaving in March to be Bank of England Governor. The Treasury acted on advice from the FCA board. A permanent FCA CEO appointment is expected in due course and a search is under way. Mr Woolard is […]
EU, China, other WTO members agree temporary body to settle disputes
BRUSSELS (Reuters) – Seventeen WTO members, including the European Union and China, agreed on Friday to set up a temporary appeals mechanism to settle trade disputes after the United States paralysed the WTO’s appeals body, the European Commission said. Washington has paralysed the WTO’s Appellate Body, which acts as a supreme court for international trade, […]
Why 2020 will bring a change of heart around eSIM
In 2020, consumer electronics device manufacturers will continue to push eSIM technology to a much broader range of devices. Here’s what it is about this revolutionary technology that will force connectivity providers to wake up and act. Yuval Mayron, general manager of IoT, amdocs:next reports. eSIM growth will not be stopped When Apple, Google, Samsung […]
Mastercard backs PoS solution provider Pine Labs
Pine Labs has announced an investment by Mastercard. This is part of a partnership to continue the growth of convenient electronic payment options for consumers across the region. The collaboration will deliver a range of card and real-time payments both online and offline. Together, the companies will offer value-added services including Pine Labs’ end-to-end stored […]
TikTok inks music deal as it sets up shop in California
Illustration: Rahul Awasthi TikTok has licensed a catalogue of independent music as it worked to build on the momentum of the social networking app specializing in video snippets. The deal between TikTok and Merlin, a digital rights agency for independent music labels, is designed to help facilitate the use of the short-form video service for […]
Facebook gears up for marketing push in India
Facebook is adding marketing muscle in India, the second-biggest global market for the social media platform, as competition for users intensifies in a country that is among the world’s youngest and has the cheapest data tariffs. The plan, sources told ET, is to enhance user engagement across the suite of apps – Facebook, Instagram and […]
Sebi to keep a tab on social media to track market manipulations
The Securities and Exchange Board of India is acquiring capabilities to keep a tab on social media posts to track market manipulations, its chief Ajay Tyagi said on Thursday. The regulator plans to create a ‘data lake’ project to augment analytical capability that would involve the use of artificial intelligence, deep learning, big data analytics, […]
Digital ad spends rose 26% in 2019: DAN report
The share of digital in India’s advertising space expanded last year, with spending on this media type rising about a quarter, even as revenue for the broader industry climbed a shade below 10%, albeit on a much larger base. Data from Dentsu Aegis Network (DAN) showed that digital ad spend climbed 26% last year to […]