Tech Bytes
YouTube terminating Tenet Media channel after US indictment
The Justice Department on Wednesday filed money-laundering charges against two employees of Russian state media network RT for what officials said was a scheme to hire an American company to produce online content to influence the 2024 presidential election.
India now leading in tech advancements, not playing catch-up: Nvidia South Asia MD
Vishal Dhupar, managing director of Nvidia South Asia, attributed this advancement to three factors: volume, diversity of languages, and the ability to collaborate. The size and breadth of India's culture, which spans 5,000 years, play a crucial role, he said.
Brazil shuts down X, Elon Musk fumes: all you need to know
Since X was shuttered in Brazil on August 30, Elon Musk has been incessantly posting on the platform against Supreme Court judge Alexandre de Moraes, terming him a 'dictator'. Musk has also been questioning the South American country's government and law enforcement.
How ULI, OCEN will redefine credit access to small companies, rural borrowers
The Unified Lending Interface (ULI), which will be rolled out soon nationwide and the Open Credit Enablement Network (OCEN) launched in 2020, both aim to enable credit access across India. ULI can do it for all sectors, but especially focusses on MSMEs and agricultural borrowers. OCEN does it strictly only for MSMEs, and is for cash-flow based short-tenor loans. ET explains similarities and differences between the two.
Operational expansion to 'Foxconn City': A look at Foxconn's India announcements
Foxconn chairman Young Liu said Taiwan can become India’s “most trusted and reliable partner” and that Foxconn is looking to position itself in that way. The company has dialled up investment in the country, as it looks to manufacture more than just iPhones and move up the value chain.
Kae Capital appoints Abhishek Srivastava, Gaurav Chaturvedi as general partners
Kae Capital announced the appointment of Abhishek Srivastava as a new general partner and promoted Gaurav Chaturvedi to the same position. Srivastava has significant experience in enterprise and emerging tech sectors, while Chaturvedi focuses on enterprise software and B2B startups. Founded in 2012, Kae Capital manages $250 million and has invested in more than 85 startups.
PUBG, BGMI-maker Krafton plans to set up R&D unit in India: CEO Sean Hyunil Sohn
The company earlier this year launched the Krafton India Gaming Incubator programme to support game development talent in India by providing funding, mentorship, and essential resources to developers. KRAFTON has invested USD 160 million in Indian startups since 2021 and plans to invest an additional USD 150 million over the next 2-3 years.
Flooding on roads leading to Bengaluru tech hubs sparks uproar
Two years ago, the State Government and technology companies had decided to work together to find a permanent solution to the issue of waterlogging after several firms on either side of the outer ring road (ORR) stretch battled their worst-even crisis thrown up by the unprecedented rains.
Brands rush in as Olympians Neeraj Chopra, Manu Bhaker, Vinesh Phogat strike gold on social media
Indians’ love for varied sports at global championships such as Olympics is paralleling Cricket’s popularity. Visa’s Kumar concurred that while Cricket is immensely popular, Olympic Games “ignite a spirit of competition, passion and human excellence amongst many.” For instance, Neeraj Chopra’s final javelin throw where he secured a silver medal was watched by 5.6 crore viewers on Jio Cinema, comprable to India's winning match at T20 World Cup Finals in June.
How DMart plans to take on the quick commerce rivals
Avenue Supermart, India's largest listed retailer by sales and market capitalization, announced that it will focus on discounting and lower pricing to drive growth. The owner of DMart supermarkets emphasized that it will prioritize opening more stores instead of launching an ultra-fast delivery model, despite the rising popularity of quick commerce rivals. This approach is aimed at covering catchments and clusters where quick commerce companies are currently experiencing high demand.
