SEATTLE (Reuters) – Boeing Co found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines, according to an internal memo seen by Reuters on Tuesday. Foreign object debris, an industrial term for rags, tools, metal shavings and […]
Archives for 2020
10 Analytics and AI Startups You Should Know About
These young companies are examples of how startups are helping enterprises harness the power of artificial intelligence and machine learning. 1 of 11 Every organization that reports on tech trends has artificial intelligence (AI) near the top of the list, and enterprises are rushing to capitalize on the benefits promised by the technology. They hope […]
Swiggy raises $113 million led by existing investor Naspers
Illustration: Rahul Awasthi Online food ordering platform Swiggy has raised $113 million, led by existing investor South African internet giant Naspers. The latest capital raising values the company at nearly $3.6 billion. The fund infusion is part of a larger $150 million funding round, sources said. Other existing investors, Hadley Harbour Master Investments and Chinese […]
Swiggy raises $113M led by Naspers, valuation stays flat at $3.3B
Illustration: Rahul Awasthi Food delivery platform Swiggy has raised $113 million led by South African internet giant Naspers, valuing it at nearly $3.3 billion. Other existing investors Hadley Harbour Master Investments and Meituan also participated in the round, regulatory filings show. About $100 million of the investment has come from Naspers, which holds over 40% […]
Harnessing Big Data: Can Our Laws and Policies Keep Up?
Public policies and commercial norms could constrain our ability to realize the full potential of big data. Image: Production Perig – stockadobe.com We are just at the beginning of the big data revolution. What was merely a prediction a few years ago is happening today. Not only are we creating data at exponential rates, we […]
‘UPI Chalega’ campaign to cast the net wider
A microsite UPIChalega.com has also been setup where users can access information about live banks and third-party apps. India’s Unified Payments Interface (UPI) is all set to get its ‘Mutual Fund Sahi Hai’ moment. Awareness campaigns and adoption drives for popular payments interface is set to flood India’s media space as regulators and government bodies […]
Flipkart leads Walmart’s international e-commerce numbers
US retail giant Walmart on Tuesday reported that ecommerce contributed 12% to its international sales during the quarter ended January 31, led by Flipkart and online grocery delivery in several markets. In its fourth quarter earnings report, the company said that international sales had grown by 2.3% to $33 billion, despite a disruption in Chile […]
Social media companies to join hands for cleanup
Illustration: Rahul Awasthi The world’s biggest social media companies, including Facebook, Google, Twitter and ByteDance, are exploring an industry-wide alliance to curb fake news on their platforms in India, even as the government finalises regulations aimed at censoring content. The proposed alliance — to be named the Information Trust Alliance (ITA) — will be a […]
ShareChat to stay focused on users, unique content
Illustration: Rahul Awasthi ShareChat will continue to focus on growing and retaining users over monetising the platform, a top executive of the homegrown social media platform told ET, even as the app faces intense competition from Chinese ByteDance-owned short video platforms TikTok and Helo in India. In the last six months, ShareChat has consciously boosted […]
No need to report some transactions in video game currency, IRS says
Gamers who transact in virtual currencies as part of a video game do not have to report the transactions on a tax return if the currencies do not leave the game environment, the IRS made clear in a statement released on its website Feb. 14. The clarification relates to whether, or when, a currency used […]