IT総合 WazirX to ‘socialize’ $230 million security breach loss among customers
Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 mil...
Manish Singh
IT総合 IT総合 Apple cuts iPhone price in India amid China slowdown
Apple has reduced prices of its iPhone models in India by 3-4% following a cut in import duties in the South Asian marke...
IT総合 CRED launches personal finance manager for India’s affluent
CRED, an Indian fintech startup, has rolled out a new feature that will help its customers manage and gain deeper insigh...
IT総合 India scraps ‘angel tax’ in boost to startups
India’s federal government has removed the controversial “angel tax” for all classes of investors, del...
IT総合 WazirX halts trading after $230 million hit to crypto exchange
WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days...
IT総合 Banks, airlines, airports report widespread outages across the globe
Businesses worldwide are experiencing outages, including Windows “blue screen of death” errors on their comp...
IT総合 Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally
Security giant CrowdStrike said the outage was not caused by a cyberattack, as businesses anticipate widespread disrupti...
IT総合 Paytm loss widens and revenue shrinks following regulatory clampdown
Paytm’s loss widened even as revenue declined by 36% year-on-year as the once-poster star of Indian startup ecosys...
IT総合 India’s WazirX confirms security breach after $230 million suspicious transfer
Indian crypto exchange WazirX on Thursday confirmed it had suffered a security breach after about $230 million in assets...
IT総合 InMobi eyes $10 billion valuation in 2025 India IPO
Adtech startup InMobi is eyeing a valuation of about $10 billion in an initial public offering it is planning for next y...
IT総合 Byju’s, once valued at $22 billion, faces insolvency proceedings
An Indian tribunal court initiated insolvency proceedings for Byju’s, once India’s most valuable startup, on...
IT総合 Google backs Indian open-source Uber rival
Google has joined investors backing Namma Yatri, an open-source ride-sharing app in India that is eroding market share f...
IT総合 Reliance may list Jio at $112 billion valuation next year, Jefferies says
Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public lis...
IT総合 Apple alerts iPhone users in 98 countries to mercenary spyware attacks
Apple has issued a new round of threat notifications to iPhone users across 98 countries, warning them of potential merc...
IT総合 Indian game firms want to distance themselves from fantasy sports
For over a decade, real-money gaming companies and fantasy sports startups have marketed themselves as video game compan...
IT総合 Investors chase wealthtech startups in India as affluent class grows
Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startup...
IT総合 India’s Airtel dismisses data breach reports amid customer concerns
Airtel, India’s second-largest telecom operator, on Friday denied any breach of its systems following reports of a...
IT総合 CoinDCX acquires BitOasis in international expansion push
CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis...
IT総合 Indian social network Koo is shutting down as buyout talks collapse
The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk’s X, is ceasing operati...
IT総合 Matrix rebrands India, China units for ‘organizational independence’
Matrix is rebranding its India and China entities, becoming the latest venture firm to distance its international franch...
IT総合 Reliance Jio kicks off Indian telecom price hike
Reliance Jio, India’s largest telecoms operator, has initiated what analysts expect to be an industry-wide increas...
IT総合 Zepto, a 10-minute delivery app, raises $665M at $3.6B valuation
Zepto, an Indian quick commerce startup, has more than doubled its valuation to $3.6 billion in a new funding round of $...
IT総合 General Catalyst makes India push with Venture Highway merger
General Catalyst, a Silicon Valley venture capital group, is expanding its presence in India by joining forces with a lo...
IT総合 Can quick commerce leapfrog e-commerce in India?
Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is ...
IT総合 India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation
Oyo, the Indian budget-hotel chain startup, is finalizing a fresh fundraise of about $100 million to $125 million that s...
IT総合 Court halts Byju’s second rights issue as $200M fundraise falters
An Indian court has restrained Byju's from proceeding with its second rights issue amid allegations of oppression and mi...
IT総合 India’s 360 One acquires mutual fund app ET Money for $44M
360 One WAM, India’s largest wealth manager focused on ultra-high-net-worth individuals, has agreed to acquire pop...
IT総合 BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero
HSBC and BlackRock estimate that the Indian edtech giant Byju's, once valued at $22 billion, is now worth nothing.
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IT総合 HSBC believes that $22 billion Byju’s is now worth zero
In a research note, HSBC estimates that the Indian edtech giant Byju's, once valued at $22 billion, is now worth nothing...
IT総合 Amazon buys Indian video streaming service MX Player
Amazon has agreed to acquire Indian video streaming service MX Player from the local media powerhouse Times Internet, th...