Airtel is the new Jio; It's Google Play vs. Developers Now
Amazon invests in MyGlamm, Air travel has dipped again
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NFT in a Nutshell: What the buzz?
Traditional paintings, images, video clips, tweets selling for millions have paved the way for a revolution that has become a digital autonomous asset creation and redistribution. Yes, Non-Fungible Tokens (NFT) are cryptographic tokens that generate value because of their uniqueness. From tangible to intangible items, owning an NFT is like owning an original art or a collectable antique.
The difference between owning a physical collectible like a Pokémon card and a digital asset like NFT is that NFTs contain distinguishable information that distinguishes them from any other NFT and is easily verifiable. As each item could be traced back to its original creator, the duplication and circulation of fake collectables become pointless [Read]
#India Tech
No proposal to appoint a regulator for social media: Ravi Shankar Prasad”. However, he added that the IT rules 2021 that was introduced in the month of February. The rules suggest that social media and OTT platforms such as Twitter, Facebook, and Netflix respectively must remove any content that is found offensive within 36 hours of the post. (HT)
Bharti Airtel beats Jio, adds a new 5.8 million subscribers in a single month in January 2021
Reliance Jio added 1.9 million users for the same month followed by Vodafone Idea adding 1.7 million new subscribers, shows a report by TRAI. Airtel also surpasses Reliance Jio in active users. Airtel has 335.77 million active customers compared to Jio’s 324.52 million. (TT)
Nazara Technologies attracts IPO bids 6 times more than the actual bid size
Backed by Rakesh Jhunjhunwala, the mobile-gaming company received 1,69,98,488 shares compared with its actual bid size of 29,20,997. Nazara is commonly known for its best sports stimulation and eSports across India. (ET)
MyGlamm raises Rs 175 crore through funding from Amazon, Wipro
The company is now valued at $100 million within the three years of its launch. MyGlamm offers various vegan products of make-up, skin care and personal care routines. The funds raised will be invested in product development, support data science and technology research. (LM)
Google Play slashes service fee for developers from 30% to 15%, Indian developers who sell digital goods, benefits from this initiative as it incorporates Atmanirbhar Bharat’ vision.(FE)
15%? Startups are now asking the govt to intervene.
Amazon partners with Tata-owned Croma to launch a new range of LED TV with built-in Fire device, Bringing streaming content from across over 5,000 apps, including Amazon Prime Video, Netflix, YouTube, Disney + Hotstar, Zee5, SonyLiv and many more.
#Global Tech
YouTube offers “Copyright Check” to videos before publishing. By doing so, the videos that are being uploaded on YouTube, do not contain any copyright violations and accidental copyright violations can be limited. (PCM)
Report: Clubhouse app clocks 12.7 million downloads globally. The app is available only on iOS and about 1.3 million people downloaded the app in the month of March alone. Similar to Clubhouse, Twitter Spaces on Twitter also lets everyone chat in Spaces. (HT
Apple Maps can now show COVID-19 vaccine locations to its users. Over 20,000 locations have been added to Apple Maps. The function has been reportedly developed by Boston Children’s Hospital. (GN)
Facebook to remove global recommendations for Groups based on Political and social issues, CEO Mark Zuckerberg said, this move was taken due to users' inclination towards less political content.(HT)
Ford ties with the University of Michigan on robotics research, Engineers from Ford plans to work on drone technology, walking robots, roving robots, all types of robots in this collaboration.(HT)
#Business News
Data: Vodafone Idea (Vi), for the first time, gains 1.7 million subscribers in January.
Bharti Airtel added about 2 million wireless subscribers and Jio added 5.9 million subscribers in the same month respectively. States such as Haryana, Kerala, Madhya Pradesh and Uttar Pradesh (West) were the key contributors. (ET)
Air travel witnessed a 36.71% drop; 78.27 lakh domestic air passengers in Feb. India resumed air travel in the month of May after a three month lockdown due to the coronavirus pandemic. (ET)
CBI registers a case against Cadbury India for allegedly obtaining a license by cheating.
The license was obtained to set up a chocolate factory in Himachal Pradesh (HP) in 2009-2010. The company allegedly exercised exemption benefits of Rs 240 crore for its new unit in HP. (ET)
#covid-19
India registers 35,871 fresh cases taking the total COVID-19 tally to 11,474,605. About 172 new fatalities have been registered. Maharashtra recorded fresh cases on Wednesday, marking the highest single-day infection in the state. (IT)
Maharashtra records a fresh 23,179 COVID-19 cases. The state also witnessed the highest single day rise in cases since September 2020. Delhi also reported a new 536 cases on Wednesday. (HT)
About 6.5% of COVID-19 vaccines are wasted, Centre warns of optimal usage. However, wastage in states such Telangana, Andhra Pradesh, Uttar Pradesh, Karnataka and Jammu and Kashmir is higher than the national average of 6.5%. (HT)
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