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Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy

Amazon, Business, Digital Marketing, India, SEO Tips, Technology /

Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon accelerates its rapid-delivery business in the country. Eternal has slipped about […]

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India’s payments chief says AI will drive UPI from 750 million to a billion daily transactions

Artificial Intelligence, Digital Marketing, Fintech and ecommerce, India, Next Featured, SEO Tips, Technology /

India’s Unified Payment Interface has grown to over 750 million daily transactions, and the head of the body that oversees it says AI will be central to reaching a billion. Dilip Asbe, MD and CEO of the National Payments Corporation of India, told TechCrunch at Mumbai Tech Week that AI could drive the next half […]

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Amazon to invest an extra $13bn in Indian cloud and AI by 2030

Amazon, Digital Marketing, India, SEO Tips, Technology /

Amazon will invest an additional $13bn in India by 2030, the company said on June 25, lifting its planned spending in the country to $48bn over the period and routing the new money into the part of the business that now drives almost everything Amazon does: cloud and artificial intelligence. Chief executive Andy Jassy announced […]

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Meta buys a fifth of Cred, and a new WhatsApp boss

Artificial Intelligence, Corporates and innovation, Digital Marketing, Fintech and ecommerce, India, Investors and funding, SEO Tips, Technology /

Meta is paying $900mn for a fifth of Cred, an Indian fintech. The bigger prize is its founder, Kunal Shah, who will now run WhatsApp. Meta has found its next WhatsApp boss the way it now likes to find people: by writing a cheque. On Monday, the company said it would invest $900mn in Cred. […]

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Jio Platforms files for India’s largest-ever IPO, with nearly $3 billion earmarked for debt repayment

Digital Marketing, India, Investors and funding, Next Featured, SEO Tips, Technology /

Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, filed its draft red herring prospectus with India’s securities regulator on Friday for what would be the country’s largest initial public offering. The filing covers a fresh issue of up to 270 million shares, with no offer-for-sale component, meaning every rupee raised flows […]

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As Jio files for India’s biggest-ever IPO, it’s planning a Starlink rival in orbit

Business, Digital Marketing, India, Mobile, SEO Tips, Space, Technology, World /

At its annual shareholder meeting on Friday, Reliance unveiled two things at once: paperwork for what could be India’s biggest-ever stock-market listing, and a plan to put a Starlink rival into orbit. Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, filed draft papers for an initial public offering widely expected to […]

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Telegram challenges India’s order temporarily blocking the app

Digital Marketing, India, SEO Tips, Technology /

The company has gone to the Delhi High Court over a block tied to alleged cheating on a national medical-entrance exam, a measure affecting more than 150 million users. Telegram has asked the Delhi High Court to overturn an Indian government order that has temporarily blocked the messaging app, the company’s most direct legal confrontation […]

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TCS takes a $70m hit after US Supreme Court rejects its appeal

Digital Marketing, India, SEO Tips, Technology /

Tata Consultancy Services will book a one-time charge of $70m after the US Supreme Court declined to hear its appeal in a trade-secrets dispute, the Indian IT giant said. The court’s refusal, issued on 15 June, closes the last legal avenue in a case that has run since 2019 and leaves the lower-court judgment standing. […]

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India blocks Telegram until 22 June over medical exam-cheating rackets

Digital Marketing, Government and policy, India, SEO Tips, Technology /

India has temporarily blocked access to Telegram until 22 June, the government said, after concluding that cheating rackets were using the app to defraud candidates sitting a high-stakes medical-entrance re-exam. The order, invoking Section 69A of the Information Technology Act, ties a national app block to a single, fraught testing event. The exam is NEET-UG, […]

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