Tech & Internet
ETtech Explainer: How did the strike at Samsung's Chennai factory unfold?
The Tamil Nadu Labour Welfare Department on Tuesday said the striking workers at Samsung’s factory at Sriperumbudur have agreed to end their strike following conciliation talks held between the company’s management and the workers.
BharatPe posts 39% rise in FY24 operating revenue, loss before taxes narrows 50%
At the group level, its consolidated ebitda (earnings before interest, tax, depreciation and amortisation) loss before share-based payment expense reduced 75% to Rs 209 crore in FY24 from Rs 826 crore in the last fiscal.
In 2025, Gen Z’s direct spends will amount to $250 billion: Snap Inc. and BCG's latest report
Currently, out of Gen Z’s total spending power of $860 billion, approximately $200 billion comes from direct spending—money they earn and spend themselves—while $660 billion comes from influenced spending, which includes purchases influenced by their recommendations or preferences.
Australia's planned social media ban raises teen isolation fears
"It's the only way I've ever connected to my grandma before, over socials," said Hussein, who was born in the Democratic Republic of Congo but lived in a refugee camp in Malawi before settling in Australia when she was nine. While Hussein rarely posts on social media, she uses Meta's Instagram and Snapchat primarily to view and discuss photos and videos from family and friends. Some 97% of Australian teenagers use social media across an average of four platforms, surveys show, making them among the world's most connected youth.
Meta must face US state lawsuits over teen social media addiction
Oakland-based US District Judge Yvonne Gonzalez Rogers rejected Meta's bid to toss the claims made by the states in two separate lawsuits filed last year, one including more than 30 states and the other including only Florida.
Paisabazaar expands into brick-and-mortar to boost secured lending
Following its sister firm Policybazaar’s playbook, digital credit marketplace Paisabazaar, a part of listed PB Fintech, is building its own offline distribution channel. Naveen Kukreja, chief executive officer of Paisabazaar, told us that the company has set up a field team of around 100 people in Delhi, Mumbai, and Bengaluru.
Domestic mutual funds beef up exposure to new-age startups, hold $8 billion in 12 stocks
On the back of a new-age IPO wave and the broader rise in stock markets, domestic mutual funds now hold stocks worth over $8 billion, or around Rs 69,000 crore in a dozen new-age companies. The rising exposure by mutual funds in new-age companies assumes significance, given the growing influence of this institutional investor class during the pre-IPO rounds, industry insiders said.
Under fire, Ola Electric taps EY India to get back on track
The global consulting services firm is likely to advise the Bhavish Aggarwal-run startup on a whole host of service-related aspects of the business—from streamlining business processes and stocking of spares to inventory management of parts.
Samsung workers call off strike: TN labour dept
Under the agreements among the parties, workers would not be victimised for participating in the strike, the department said. Workers said they would cooperate with the management fully and would not do any such acts "prejudicial to the interest of the management".
Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged
The Automotive Research Association of India (ARAI) had raised concerns about Ola Electric’s failure to inform the agency of a price reduction for its S1 X 2 kilowatt-hour model before initiating its high-profile “BOSS” sale.
