Category: Technology
Yulu: E-bike rental startup Yulu eyes expansion as it closes in on profitability
[ad_1] E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over the ...
basic home loan: Fintech startup Basic Home Loan raises $4.7 million in a round led by investor Ashish Kacholia
[ad_1] Fintech startup Basic Home Loan, a platform for automating home loans for middle- and low-income households in India, has raised $4.7 million (around Rs 38 crore) in a pre-series B round led by stock market investor Ashish Kacholia. Existing investors Gruhas and Venture Catalysts increased their stake in the company in this round. The ...
intel vlsi case: US patent tribunal sides with Intel again in $2.2 billion VLSI case
[ad_1] A US Patent Office tribunal ruled for Intel Corp on Tuesday on the chipmaking giant’s bid to invalidate a patent that represented $1.5 billion of a $2.18 billion verdict it lost to VLSI Technology LLC in 2021. The Patent Trial and Appeal Board invalidated the computer chip-related patent after canceling another VLSI patent that ...
byjus loan: Byju’s lenders eye loan amendment proposal for disputed TLB
[ad_1] As the battle between embattled edtech venture Byju’s and lenders over its $1.2 billion term loan B (TLB) intensifies, the creditors are clear that they want the company to send the draft loan amendment proposal, even as the scheduled call between both parties on Monday was cancelled, people familiar with the matter told ET. ...
Amazon Web Services: Amazon Web Services down for thousands of users
[ad_1] Amazon Web Services was down for thousands of users on Tuesday, according to outage tracking website Downdetector.com. More than 10,000 users reported issues with accessing the service, according to Downdetector, which tracks outages by collating status reports from a number of sources including user-submitted errors on its platform. The outage may be affecting a ...
ecommerce firms: Govt asks ecommerce firms to create a self-regulatory framework to end ‘dark patterns’
[ad_1] The government has taken a serious note of ‘dark patterns’ and asked e-commerce firms to create a self-regulatory framework to stop such practices, Consumer Affairs Secretary Rohit Singh on Tuesday said. The e-commerce sector has the largest contribution to dark patterns, and the framework will be created in the next two months, Singh told ...
amazon: Once a reliable cash cow, Amazon’s cloud business slows as companies pull back on service
[ad_1] When the pandemic hit three years ago, Amazon was one of the few businesses that thrived. Customers flocked to the online commerce site amid global lockdowns. But even when those lockdowns eventually lifted and Amazon’s sales slowed as people returned to stores, the company could still count on its massive cash cow: Amazon Web ...
ikea remote interior design: IKEA bets on remote interior design as AI changes sales strategy
[ad_1] IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie. In April, IKEA expanded its interior design services to the UK and United States, after previous launches in parts ...
broadcom: Broadcom set to win EU nod for $61 billion VMware deal: report
[ad_1] US chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said, sending its shares up by almost 5%. The European Commission‘s clearance is tied to remedies relating to Broadcom’s interoperability with rivals that would address competition concerns, ...
Cybersecurity: Americans should prepare for cyber sabotage from Chinese hackers, US official warns
[ad_1] Chinese hackers are all but certain to disrupt American critical infrastructure, such as pipelines and railways, in the event of a conflict with the United States, a senior US cybersecurity official said Monday. In comments made during an appearance at the Aspen Institute in Washington, Cybersecurity and Infrastructure Security Agency Director Jen Easterly said ...