Pixel phones mfg in India; Starbucks NFTs

Sep 13, 2022

All the important tech news this morning 👇. Grab some chai ☕

Sachin Bansal’s Navi Technologies gets SEBI Approval for IPO

Navi Technologies Ltd. has received the market regulator’s final approval for its Rs 3,350-crore initial share sale.
The proceeds from the offer will go directly to the company, which will use them for investing in two subsidiaries-Navi Finserv Ltd. and Navi General Insurance Ltd. The company will inject Rs 2,370 crore into Navi Finserv, and Rs 150 crore in Navi General Insurance.

Most Twitter shareholders want Elon Musk takeover deal to go through

Shareholders were widely expected to vote in favour after a stock market downturn made Musk’s $54.20-per-share deal for Twitter, which was signed in April, look pricey in the current environment.

Google looks to assemble Pixel phone in India as it prepares to move assembly out of China

The company has asked manufacturers in India to submit bids for the assembly of 500,000 to 1 million units of its Pixel smartphones.

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Consumer consent is necessary for data monetization, says RBI deputy governor 👍

Deputy Governor T Rabi Sankar on Monday said customer data should be monetised in a responsible manner with some level of customer consent.

Zoom renames chat feature to Zoom Team Chat, adds multiple new features

The video calling app’s calling feature, now known as Zoom Team Chat, will also include features such as the ability to share in-meeting chat to Team Chat, schedule a meeting from chat or channel.

Most Insta Reels Users Have No Engagement Whatsoever: Report

Internal Meta research: Instagram users spend 17.6M hours/day on Reels vs. 197.8M hours/day on TikTok.
1/3 of Reels are recycled posts from other platforms.

Peloton co-founders are leaving the company

Two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business.

Supreme Court wants to know from Centre if ‘protocol’ for internet shutdowns exists

The Supreme Court on Friday asked the Ministry of Electronics and Information Technology (MeitY) to respond to a plea alleging the arbitrary shutdown of Internet access in various states.

Starbucks details its blockchain-based loyalty platform and NFT community, Starbucks Odyssey

While Starbucks had been investigating blockchain technologies for a couple of years, it has only been involved in this particular project for around six months: Starbucks CMO Brady Brewer.