Category: Technology
microsoft: EU antitrust regulators quiz cloud rivals on Microsoft’s request for customer data
[ad_1] EU antitrust regulators are asking Microsoft’s rivals what kind of customer data they are required to provide to the US tech giant as part of their Azure cloud contracts, six months after a trade group complained about its cloud computing practices. Cloud Infrastructure Services Providers in Europe (CISPE), whose members include Amazon, alleged last ...
blinkit: Zomato-owned Blinkit’s quarterly revenue jumps 20% to Rs 363 crore; GMV crosses Rs 2,000 crore
[ad_1] Zomato’s quick commerce business Blinkit saw its revenue jump 20% quarter-on-quarter to Rs 363 crore in the period ending March 31, 2023 even as its gross merchandise value increased 17% to Rs 2,040 crore. While Blinkit’s total number of orders jumped 25% to 39.2 million quarter-on-quarter, its average order value dropped yet again to ...
Byju Raveendran: Transfers made from Byju’s Alpha fully compliant with credit agreement: Byju’s
[ad_1] Edtech giant Byju’s, whose US subsidiary Byju’s Alpha has been accused of hiding $500 million from lenders in the US, on Friday said that the transfers made by the company were ‘in full compliance’ with and “did not contravene any terms of the parties’ Credit Agreement and the agreed-upon rights and responsibilities”. The clarification ...
google privacy settlement: Google reaches $39.9 million privacy settlement with Washington state
[ad_1] Google will pay Washington state $39.9 million to resolve a lawsuit accusing the Alphabet Inc unit of misleading consumers about its location tracking practices, state attorney general Bob Ferguson said on Thursday. The settlement resolves claims that Google deceived people into believing they controlled how the search and advertising company collected and used their ...
Quick Commerce: Quick commerce now fastest growing sales channel for packaged goods brands
[ad_1] Quick commerce is the quickest growing. Sales through Swiggy’s Instamart, Zomato’s Blinkit, Zepto, and BigBasket’s BBnow are growing faster than traditional ecommerce platforms, senior executives at multiple consumer goods companies including Britannia and Nestle have said. “Quick commerce is the fastest growing channel for us now online,” Suresh Narayanan, chairman of Nestle India, told ...
ayekart: Digital tech platform Ayekart Fintech invests in Nature’s Fresh Express
[ad_1] Digital technology platform for the food and agriculture value chain Ayekart Fintech Thursday announced a minority investment in Nature’s Fresh Express, a producer and supplier of exotic vegetables. The move aims to strengthen Ayekart’s product portfolio and expand its retail offerings. With this investment, Ayekart will be able to tap into the extensive network ...
Nodwin Gaming Funding: Nodwin Gaming raises $28 million in funding from Nazara, Sony, Krafton
[ad_1] Nodwin Gaming, a subsidiary of Nazara Technologies, has signed agreements to raise $28 million (about Rs 232 crore) from Nazara, South Korean digital games developer Krafton, Japanese conglomerate Sony Group, Hyderabad-based gaming solutions provider InnoPark India, and digital entertainment and tech company JetSynthesis. According to a regulatory filing by Nazara, the funding round values ...
rooter: Gaming startup Rooter raises $16 million in funding led by Lightbox
[ad_1] Gaming and esports content platform Rooter has raised $16 million in a growth round of funding led by existing investor Lightbox. The fundraise was 80% equity-based and 20% debt-based, founder and CEO Piyush Kumar told ETtech. New investors were Trifecta Capital, Pivot Ventures, Baldota Family Office and Global Play Media among others. Existing investors ...
Swiggy News: Swiggy’s food delivery business has turned profitable: CEO Sriharsha Majety
[ad_1] Food delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023. “Our sharp focus on innovation, coupled with strong execution has led to yet another milestone- As of March 2023, Swiggy’s food delivery business has turned profitable (After factoring in all corporate costs; excluding employee stock option costs),” founder ...
meta: Indian government made most requests for user data after US in H2 2022: Meta
[ad_1] The Indian government submitted 63,852 requests for user data to social media giant Meta in the second half of 2022 (from July to December), second only to the US which submitted a marginally higher number of requests. Guy Rosen, Chief Information Security Officer at Meta said in a blog post late on Wednesday night ...