Startups exempted from angel tax, register 93% of rising; India’s e-commerce to grow by 84% by 2024
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#ShortNewsOverChai
Glance (India) beats Instagram to be the largest content consumption after Facebook and YouTube with 115 million DAU
Facebook has 175 mn DAU, YouTube has 135 mn, and Instagram has 36 mn.
Hyundai i20 bags ‘the Indian Car of the Year’ title for 2021
Mahindra Thar claimed the final spot on the podium, with 78 points.
Startups exempted from angel tax, register 93% of rising; 391 funded via Fund of Funds
The 30% angel tax levied for receiving investment which exceeds the Fair Market Value of such shares.”
Google launches PollCheck training for journalists in India ahead of state elections
A special boot camp would also be held for community radio stations.
New gaming phone Asus ROG Phone 5 launches in India
It has three distinct models the regular ROG Phone 5, ROG Phone 5 Pro & ROG Phone 5 Ultimate.
Bitcoin rose to $55,600, breaking through the $55,000’ mark; analysts still warn about risks
The digital token rose about 600% in 2020.
Mobile Association (IAMAI) urges govt not to ban cryptocurrency; says ban would hit 10 million Indian crypto users
IAMAI says the ban would result in a loss of investments.
The alcohol industry could see a sharp recovery in FY22-23 in volumes after COVID-19 lockdown dented demand 🍺
20-25% of volumes were wiped out as bars worked under restrictions.
Volvo to phase out diesel cars from India by the end of the year, plans to go fully electric
Volvo plans to launch one electric car per year in India.
5G network deployment initiates in 3 months, but the infrastructure yet to be ready: Telecom industry
Nokia India said it shouldn’t miss the advantage of the next-gen technology boost the economy.
Highlight:
“9,849 malicious URLs, accounts, webpages blocked in 2020” - Union Minister Ravi Shankar Prasad
All were blocked under Section 69A of the Information Technology Act, 2000.
“Indian market is very dynamic, and people accept new brands and new technologies” - TCL India’s Marketing Head
TCL wants to get to 100% Make in India models by mid-2021.
#Dhandha Corner
Nutanix India business grew 68% in 2020; company also showed a 25% increase in new customers
It had a market share of 58.9% in the hyper-converged systems market in the December quarter.
Disney signs up more than 100 million paying subscribers in its first 16 months: CEO Bob Chapek
He also said, Disney will reopen its California theme parks to limited attendance in late April.
Hybrid cloud technology set to 39% in 5 years in BFSI: Nutanix report
43% of financial services companies plan to invest more in cloud services over the next year.
India’s e-commerce market to grow by 84% to $111 billion by 2024 driven by mobile shopping: FIS Report
By Now, Pay Later has emerged as the fasted online payment method.
Shipment range of Earwear hit a record in 2020 as LFH, WFH continues🎧
This witnessed a 139.3% (Y-o-Y) growth with 2.6 million- unit shipped in 2020.
About The #TechGiants
Apple plans to reduce the production capacity of the iPhone 12 Mini due to lesser sale-run
Reportedly, Apple postponed the mass production of two new MacBooks to May.
Instagram tests a new feature called “Closed Captions” that transcribes audio in Stories
It’s similar to what Instagram has been offering in its Threads app.
TikTok adds a new feature, “Filter All Comments”, that lets content creators simply block unwanted comments
TikTok’s Kindness feature helps users be nicer to one another.
YouTube to deduct up to 24% of taxes from creators outside US
Specifically for India, the rate is set at 15% of the total earnings a creator gets from viewers.
Twitter takes a cue from Instagram and TikTok to build a community of content creators: Kayvon Beykpour
‘Not in the business of getting around platform rules’: Twitter
More #GlobalTechNews
Apple to invest more than $1.2 billion in Germany to open Europe’s biggest semiconductors research facility
This would create hundreds of jobs at a facility for 5G, wireless tech.
Instagram relaunches Lite app on Android to 170 countries with Reels and no ads
Allows users to send direct messages and record and post videos.
Apple’s study on women’s health provides insights into menstrual health symptoms
Using iPhones and Apple Watches, Apple used its research app to get women to give their insights.
Oppo surpasses Vivo and Huawei to become the best-selling smartphone brand in China
Oppo clocks 21% of the world’s biggest smartphone market in January.
Netflix testing new ‘Mobile+’ plan for ₹299 with HD video
Reportedly, Netflix is looking to drive up its subscriber base by testing a new entry-level plan.
Amazon withholds its e-books from libraries as it involved with selling digital versions of e-books
This, in turn, makes them available to local residents for free through ebook lending platforms.
LinkedIn pauses new sign-ups for its service in China to ensure it’s in compliance with local law
It is one of the few U.S. social networking firms allowed to restrict content to adhere to censorship rules.
#NationalNews
HAL pays a second interim dividend of ₹376.94 crores for FY 2020-21 to the government
HAL has been paying higher dividends than the minimum dividend prescribed by DPE guidelines.
Kerala HC issues notice to the Centre over the validity of the new IT regulations; calls the rules “Unconstitutional”
HC says new guidelines caused a ‘chilling effect’ on the entire industry.
Karnataka HC asks CCI to prove whether it had jurisdiction to order a probe into Amazon and Flipkart
Amazon and Flipkart allegedly violated Competition Law.
Local Circle’s survey reveals 73% of people get 4 or more spam, unwanted SMS daily
Unwanted SMSs related to banking, insurance, real estate, increased in the last two years.