Twitter on Thursday confirmed that the Twitter account linked to Prime Minister Narendra Modi‘s personal website was hacked by a group that claimed to be John Wick, in the first profile takeover since the cyber breach on the micro blogging platform in July. The account has since been restored. “We’re aware of this activity and […]
Tiger & Kora in $250M Zomato funding round
Illustration: Rahul Awasthi Zomato has roped in two new investors — Tiger Global and Kora Capital — in an ongoing funding round valuing the food ordering and restaurant discovery platform at around $3 billion, according to people aware of the development. The company has raised around $250 million collectively from Tiger, Kora and Singapore’s sovereign […]
India bans 118 more Chinese apps including PUBG
The Ministry of Electronics and Information Technology on Wednesday issued orders to ban 118 more Chinese apps after banning 59 apps in the first round. The apps outlawed in the latest list include popular mobile gaming app PUBG, and other apps from the stable of Baidu, Tencent and Xiaomi. ET reported in July that the […]
Amazon woos consumers with insurance & gold products. Makes India centre of fintech push
Amazon has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market. The push ramps up competition as financial technology (fintech) rivals and their deep-pocketed foreign backers struggle for profitability in a predominantly […]
SoftBank leads $150M funding in Unacademy, valuation jumps to $1.5 billion
Illustration: Rahul Awasthi Unacademy will receive $150 million in a fresh funding round led by Japan’s SoftBank Vision Fund, the Bengaluru-based education technology company said on Wednesday. The capital infusion, which has yet to hit the bank, will push the firm’s valuation to $1.45 billion, the company said, second only to industry leader Byju’s and […]
Setback for Netflix, SC refuses to entertain plea in ‘Bad Boy Billionaires’ case
In a setback for Netflix, the Supreme Court on Wednesday refused to entertain its writ petition challenging a Bihar Court order which last month restrained it from using Subrata Roy’s name in its upcoming web series “Bad Boy Billionaires”. The series was slated for release on Wednesday at 12 noon. However, owing to two Courts- […]
Gaana raises Rs 375 crore in debt funding from existing investors
Illustration: Rahul Awasthi Music streaming service Gaana has raised Rs 375 crore in debt funding from existing shareholders Tencent and Times Internet. The development comes nearly two years after Chinese technology giant Tencent led a $115 million funding in the music streaming service. “We recently raised Rs 375 crore debt from existing shareholders, Times Internet, […]
Google expands AI-driven flood forecast to all of India, Bangladesh
As floods wreak havoc in South Asian countries, Google on Tuesday said it is expanding its Artificial Intelligence (AI)-powered flood forecasting to all of India and Bangladesh that will provide greater details on timing and water depths in alerts in nine new local languages. Google launched a new forecasting model that will allow it to […]
Zee Entertainment Enterprises to launch film distribution platform for DTH, OTT
At a time when closure of movie theatres due to Covid-19 pandemic has forced many filmmakers to release their films directly on video streaming platforms, Zee Entertainment Enterprises (ZEE) has decided to launch a new film distribution service that will offer new film on DTH and OTT platforms. Zee Plex is the first of its […]
Twitter to add context to trending topics
Twitter said Tuesday it would add more context to topics that trend on its service, an effort to clean up a feature that has often been used to amplify hate and disinformation. The change comes as Twitter and other social media companies struggle to respond to disinformation surrounding the U.S. presidential election. But it stops […]