WhatsApp will now go for a kill..
+ Amazon infuses over Rs 2,500 crore into two Indian units
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Big Opportunity: The After-school Group Coaching / Tuition Market in Urban India
A great overview of after-school group coaching / tution market in Indiqa.
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WhatsApp FINALLY gets NPCI License; Let the Fintech war begin
The first phase of WhatsApp Pay rollout will bring the payment service to as many as 10 million users in India. The service is said to have secured the licence from the NPCI that was the first of some long-pending regulatory approvals that WhatsApp sought to officially launch WhatsApp Pay in the country.
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Amazon infuses over Rs 2,500 crore into two Indian units
The board of Amazon Seller Services has allotted shares worth about Rs 2,208 crore to Amazon Corporate Holdings and Amazon.com Inc.
A separate filing by Amazon Data Services India said shares worth Rs 355 crore have been allotted to A100 ROW Inc and Amazon.com Inc. This resolution was approved on January 31.
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Fresh database of half a million Indian payment card records on sale in the Dark Web
a fresh database of 461,976 payment card records currently on sale on Joker’s Stash, a popular underground cardshop in the dark web has been listed.
Group-IB, a Singapore based cybersecurity company specialising in preventing cyber attacks which detected the database, says that over 98% of this database on sale were cards issued by Indian banks.
India joins the list to chase “Quantum Supremacy with Rs 8,000 crore
India has joined a select few nations chasing 'Quantum Supremacy' with a Rs. 8,000 crore national mission to build this next-gen technology, which holds the potential to rewrite the present rules of computing.
The Department of Science and Technology (DST), which is drafting the mission to be detailed in a month, is looking to build an indigenous 50 Qubit 'Quantum Computer' in 4-5 years. A typical computer stores information in bits—either as a 0 or 1 — but quantum computers can store information in two quantum bits (or qubits) as both a 0 and a 1 at the same time.
China turns to AI and Big Data to tackle novel Coronavirus
As China battles with containing the spread of the Coronavirus, it is turning to data tracking and artificial intelligence to prevent potential infections. Chinese tech firms have developed apps to help people check if they have travelled with confirmed virus patients, scraping data from government lists.
In Guangzhou, robots scold passers-by not wearing masks while public transport systems are trialling fever detection systems using AI and infrared cameras. China's National Health Commission has also directed local governments to 'use big data' to track, screen cases and forecast the epidemic.
Uber vs. Ola: Both Claim Top Spot In Indian Market
Rivals Ola and Uber now both claim to be the top ride-hailing service in India, with Uber releasing data that it facilitated ‘14 million rides per week in India in 2019’ and adding that it commands over 50% of the Indian market.
In 2018, Ola said that it was the ‘largest mobility platform in India’ and that it ‘moves 2 million people every day’. Last month, Uber sold its food-delivery business in India to rival Zomato for $180 million in a seeming effort to focus on its core service.
4.5 lakh Indian debit/credit cards up for sale on the dark web
Close to half a million Indian debit and credit cards are being sold for $9 apiece on 'Joker's Stash', an underground card shop on the dark web, Singapore-based cybersec company Group-IB has said.
It added that 98 percent of the records in the database, which was uploaded on February 5, were from the biggest Indian banks. The database exposes card information, CVV/CVC, phone numbers, addresses and much more. The company says it has informed the Indian Computer Emergency Response Team (CERT-In) and estimates the underground market value of the database to be over $130 million.
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Pidilite leads $40 million funding round in Pepperfry
Pidilite Industries, maker of adhesive Fevicol, has led a $40 million funding round in online furniture retailed Pepperfry. In December, the company had co-invested $30 million in online interior design company Home Lane. Legacy giants like Pidilite, Marico and Unilever are all making strategic bets on new-age companies and technologies in a bid to capitalize on the on-going tech transformation.
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India’s auto sales continue to decline in January
The worst slowdown in the auto sector in close to two decades continues to worsen as sales of cars and commercial vehicles declined in January by 6.2 percent year-on-year.
According to data released by the Society of Indian Automobile Manufacturers, car sales fell 8.1 percent to 1,64,793 units while sales of CVs dipped by 14.04 percent to 75,289 units. The Auto and component industry, which contributes more than 7 percent to the nations GDP has been forced to lay off workers and shutter showrooms due to the economic slump.
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