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Tech & Internet

Flipkart's Amitesh Jha is Swiggy Instamart CEO, founder Phani Kishan to move to chief of staff role

In an internal email, Swiggy cofounder and group chief executive Sriharsha Majety announced Jha’s appointment. Swiggy cofounder Phani Kishan Addepalli, who was previously heading Instamart, will now lead the firm's central growth team that looks after initiatives like the subscription service Swiggy One.

Tech & Internet

Zomato gets Rs 4.59 crore tax demand notices

Tech & Internet

Zerodha eyes greater synergies between trading, wealth apps

Tech & Internet

Quick commerce boom: A look at top developments in rapid delivery space

Quick commerce boom: A look at top developments in rapid delivery space

Tech & Internet

Ola Electric to offer products on ONDC

Information Tech (IT)

TCS extends partnership, to transform Primark's tech ops in 5 years

TCS has been working with Primark since 2016. Apart from driving business-critical integration programmes and stabilising core platforms for the retailer, TCS has also improved cybersecurity capabilities, improving stability and reliability of processes and systems.

Information Tech (IT)

LTTS aims at $1 billion revenue for each of its three verticals

Analysts at Nuvama said, “Management forecasts India’s share of global ER&D (engineering and research and development) outsourcing market would expand at a CAGR (compound annual growth rate) of 17–22% over 2023–30. They anticipate global ER&D spend to touch $540 billion in the auto segment, $280 billion in transport & off-highway and $120 billion in aerospace & rail by 2030.”

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DPI dependent Indian startups valued at $100 billion: Nandan Nilekani
Speaking at the annual Global Fintech Fest here, Nilekani said the very idea while building an Aadhar or unified payments interface (UPI) was to build the rails that could be used by the private sector or entrepreneurs to come out with innovative offerings.
SFAL-backed startups breaking barriers, creating cutting-edge products, says IT/BT Minister Priyank Kharge
Morphing Machines, an SFAL-supported fabless semiconductor company, has developed Redefine, which would cater to emerging workloads in areas such as telecom, AI/ML, healthcare, and high-performance computing. The startup has secured $2.76 million (Rs 23 crore) in a seed funding round led by Speciale Invest, the minister said.
Paytm gets govt nod for downstream investment into payment services arm
Medikabazaar appoints Dinesh Lodha as new CEO amid leadership changes

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Zerodha’s wealth management plans; IT firms extend fresher internships

Zerodha’s wealth management plans; IT firms extend fresher internships

Happy Thursday! Zerodha is deeply integrating its trading and mutual fund distribution businesses. This and more in today’s ETtech Morning Dispatch.

29 Aug, 2024

UPI market share cap hurdle for PhonePe; Small is big for Blinkit

UPI market share cap hurdle for PhonePe; Small is big for Blinkit

PhonePe CEO Sameer Nigam said the 30% market share cap on Unified Payment Interface is a hurdle for its IPO plans. This and more in today’s ETtech Top 5.

28 Aug, 2024

Amazon in q-comm queue; Big B’s Swiggy stake

Amazon in q-comm queue; Big B’s Swiggy stake

Happy Wednesday! Amazon India is gearing up to enter the quick commerce space independently, sources tell us. This and more in today’s ETtech Morning Dispatch.

28 Aug, 2024

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Telegram CEO Durov faces preliminary charges in France of allowing crime on messaging app
Both free-speech advocates and authoritarian governments have spoken in Durov's defense since his weekend arrest. The case has also called attention to the challenges of policing illegal activity online, and to the Russia-born Durov's own unusual biography and multiple passports.
Salesforce gains as software firm bets on AI tools to power growth
The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.
Brazil's top court threatens to suspend X in the country
Zomato gets Rs 4.59 crore tax demand notices

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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
- 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

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