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E-commerce platforms sell Rs 24,500 crores worth of goods during festive season sale
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Festive Event 1 is the first wave of festive sales, which includes Flipkart’s ‘Big Billion Day Sale’, Amazon’s ‘Great Indian Festival’, Meesho’s ‘Mega Blockbuster Sale’, and sales on platforms like Myntra, Ajio, Nykaa, among others.
During this period each minute as many as 1,100 mobile phones amounting to around Rs 11,000 crore were sold on large e-commerce platforms, driven by the premium phones.
Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest
First, Europe turned to the supply side to resolve the mounting energy crisis by diversifying the countries that supply natural gas to the bloc, and reduce its reliance on Russian flows.
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The latest iPadOS 16 beta brings Stage Manager to older iPad Pro models
Stage Manager is a totally new multitasking system that adds overlapping, resizable windows to the iPad. That feature also works on an external display. Apple is making it work with a number of older devices: it’ll work on the 11-inch iPad Pro and the 12.9-inch iPad Pro.
Microsoft introduces new ‘Mineral Camo’ wireless Xbox controller
The Mineral Camo controller is the fourth controller in the camo series of Xbox controllers – following Night Ops Camo, Arctic Camo, and Daystrike Camo.
Razorpay acquires PoshVine in 7th acquisition
Founded in 2011, PoshVine is a fintech startup that offers payments-linked loyalty and engagement solutions to banks, payment networks, and businesses for an undisclosed amount.
Facebook removes accounts used to spread Chinese and Russian political propaganda
Facebook parent company Meta said it took down two unconnected networks of accounts based in China and Russia seeking to influence political narratives in the U.S. and Europe. The Russia-based operation is the largest and most complex Russian-origin operation that Meta has disrupted since the beginning of the war in Ukraine.
Oracle to pay more than $23 million to settle a second SEC bribery case in India, Turkey and the UAE
Oracle Corp will pay about USD 23 million to resolve charges for its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in return for business. The SEC said the Turkey and UAE units also used slush funds to pay for foreign officials to attend technology conferences in violation of Oracle policies.
Older version of WhatsApp app contains critical security vulnerability
The critical bug would allow attackers to exploit a code error known as integer overflow, letting them execute their own code on a victim’s smartphone after sending a specially crafted video call.
ED raids Coda’s offices, freezes its account in money laundering probe involving Free Fire
Coda enables cross-border payments for games and other digital products, including Garena Free Fire, Teen Patti Gold, and Call of Duty. ED also froze all Coda’s accounts, which had a total balance of $8.40 million.
FTX to acquire bankrupt Voyager for $1.4B
Voyager has accepted the exchange’s $1.4 billion bid to be bought out, beating out Binance and Wave Financial in a race to buy the bankrupted firm. To kick off the recovery process after its bankruptcy filing, Voyager opened bidding for companies to buy out Voyager Digital, saying on Twitter that “multiple bids were submitted as part of the company’s restructuring process,”
India’s data centre investments could surpass $20 billion by 2025
The growing digitalization, coupled with a strong government policy impetus, has led to a surge in demand for Data centres (DC) in India. It is expected that the DC capacity will almost double by 2024, with more than 400 MW currently under construction across cities in India. Mumbai is expected to lead the supply addition, followed by Bangalore, Chennai, and Delhi-NCR.
Realme DIZO and OEL partner to make smartwatches, audio wearables in India
DIZO has already started manufacturing some of its products, including DIZO Watch D, here in India and will eventually move to production of the other DIZO products – existing and upcoming ones in phases. In terms of product categories, DIZO will focus on entering into smart entertainment, smart home, smart care, and accessories for its consumers.
Tamil Nadu cabinet prepares to ban online gambling
The Tamil Nadu government announced that the state’s cabinet had passed an ordinance to address online gambling. The Tamil statement makes an explicit reference to gambling. But the real money gaming industry has ensured that so-called games of skill are not classified as betting or gambling, forcing legislators to use an alternative term.
WhatsApp to launch sharable call links feature this week
The feature will let users join WhatsApp calls through this link with a single tap. The company is now testing 32-person encrypted video calls. Users will find the option to create a video link under the calls tab.
Once the link is created, they can share it with friends and family to join the video call.
Walmart enters metaverse with virtual land launch in Roblox
Russia grants citizenship to NSA whistleblower Edward Snowden
Amazon supplies cloud technology to Chinese military company, could face legal challenges
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