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    After India Ban, Time Running Out For TikTok In US, Hong Kong

    TikTok says it will exit Hong Kong due to the Chinese government's new security law Meanwhile, the US is considering a ban all Chinese apps like India TikTok has over 2 Bn downloads worldwide, and 200 Mn MAUs in India After it was booted from India, short video app TikTok is prepping up to exit Hong Kong due to the Chinese government's new security law which has raised...

    • 10 hrs ago
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    With Eye On Indian Market, Zoom Says It's American; Clarifies On China Links

    Says it is a US company, publicly traded on the NASDAQ and headquartered in San Jose Zoom's Indian-origin president Velchamy Sankarlingam says it has office in Mumbai, and Hyderabad Blogpost comes five days after JioMeet's launch Bludgeoned by the crosswinds of politics, competition and potential loss of business, conferencing app Zoom on Wednesday (July 8)...

    • 10 hrs ago
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    Blockchain This Week: Tech Mahindra's Blockchain Solution For Media Industry & More

    Tech Mahindra platform will enable content creators to track revenue, royalty payments Nashik-based Sahyadri Farms launches a blockchain platform for tracking food from farm to fork Central Bank of Sri Lanka (CBSL) tests blockchain-based KYC remote onboarding process Infocus Tech Mahindra announced that it will be launching a new blockchain-based contract and...

    • 10 hrs ago
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    US Ecommerce Companies Ask Govt To Defer Payment Of Digital Tax

    The companies complained about lack of clarity regarding provisions for paying the tax Previously, foreign companies had asked the government to charge levy only on facilitation fee for each transaction Digital tax mandates foreign companies to pay 2% of every digital transaction as tax American ecommerce companies like Amazon and Walmart-owned Flipkart have asked the government to...

    • 10 hrs ago
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    DPIIT Proposes Aug 1 Deadline For Etailers To Display 'Country Of Origin'

    The government had asked ecommerce companies to display 'country of origin' for products listed on their website Ecommerce companies had agreed to the suggestion but had sought time to make the changes Some of the etailers had said that a hastened deadline would make it tough for MSMEs to comply with the new rules The Department for Promotion of Industry and...

    • 11 hrs ago
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    Travel Aggregator Ixigo To Reinstate Employees Salaries From July

    Ixigo CEO and co-founder Aloke Bajpai said employees will be also be given ESOPs at discounted rates Ixigo employees had taken 25-60% pay cuts during the lockdown, while the company's founders had taken 100% pay cuts The company held on to its plan of not laying off anyone during the lockdown Aloke Bajpai, CEO and co-founder of Ixigo, an online travel aggregator, on...

    • 12 hrs ago
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    Facebook Logs In To Hypershots Entertainment, Edtech Domain In India

    Instagram will test Reels in India to allow users to create 15 seconds long video Gaana, Zee5 and ShareChat are also new entrants in the field Facebook has also partnered with CBSE to educate Indian students, teachers Global social media behemoth Facebook has decided to enter two of the hottest sectors in India - edtech and short video apps domain. While it has partnered with...

    • 13 hrs ago
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    $34 Source Code, A Playstore Ban, Overnight Rise To 26 Mn Downloads. Can Mitron Replace TikTok In India?

    In early June, short video app Mitron was banned from the Google Play Store for a certain developer policy violation. The ban would have killed most young apps - even ones with over 5 Mn downloads in a month . In the fast-paced world of apps, and particularly in India, a ban from the Play Store is as good as a death knell. But Mitron was...

    • 14 hrs ago
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    With Eye On 5G, Bharti Acquires Satellite Company OneWeb For $1 Bn

    Both Bharti Enterprises and the UK government will get 45% stake in OneWeb OneWeb went bankrupt in March 2020, while it was trying to build a constellation of satellites Bharti Enterprises will be in charge of providing commercial and operational leadership to OneWeb Image credits Bloomberg Twenty years after launching mobile telephone services in India, Sunil Mittal took a...

    • 15 hrs ago
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    YC-Backed Decentro Bags Seed Funding For Fintech API Plug & Play

    UnSparks VC, Meesho founders and others have participated in this round It is an API-based platform which enables financial integrations to simplify the product development cycle Decentro will also be making an appearance in Y-Combinators' summer batch of 2020 Fintech startup Decentro has raised an undisclosed amount in seed funding from Silicon Valley-based accelerator...

    • 15 hrs ago

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