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Science/Tech / Medianama

Zomato acknowledges emerging duopoly in food delivery as unit economics improve

While FY19 saw hyper-competition between four well-funded food delivery players, FY20 ended with a two player market structure, Zomato CEO and co-founder Deepinder Goyal said in a mid-COVID-19 performance report published by the company on Friday. Like app-based cab booking, app-based food delivery is indeed a duopoly now Zomato and Swiggy remain the only [] ...

11 Jul 2020 1:30 pm
Dunzo database breached, phone numbers and email addresses compromised

Hyperlocal delivery platform Dunzos database with users phone numbers and email addresses was breached by an attacker, the company CTO Mukund Jha announced on Saturday. The attacker compromised the servers of a third party that the company works with through which the attacker unauthorised access to Dunzos database. The company said that this database had [] ...

11 Jul 2020 1:12 pm
Does India have offensive cyber capabilities?

By Gunjan Chawla While we await the release of the much-anticipated National Cyber Security Strategy 2020 (NCSS), a very significant development in the domestic regulation of foreign trade by way of an amendment quietly inserted by the Directorate General of Foreign Trade (DGFT) on 11.06.2020, contains an extremely significant indication for the direction we [] ...

11 Jul 2020 9:00 am
Its clear, Indian short video apps are betting on their Indianness, but wholl come out on top?

The clones are coming in fast: it has only been about ten days since TikTok waslast accessible in India, but even in that short period of time, the short video space in the country has been in a frenzy.While the Indian alternatives have gained a sizeable user base ever since TikTok was banned, it remains [] ...

10 Jul 2020 6:19 pm
SEBI, CBDT sign agreement to exchange data on regular, suo moto basis

Indias markets regulator and its apex taxation body for direct taxation have signed an agreement to exchange data held by one another. Under a memorandum of understanding (MoU) signed on July 8, Securities and Exchange Board of India (SEBI) and the Central Board of Direct Taxes (CBDT) will be able to exchange data on an [] ...

10 Jul 2020 6:05 pm
Coinbase plans an IPO for later this year, or early 2021: Report

US cryptocurrency exchange Coinbase has plans to go to IPO as early as this year, Reuters reported. Coinbase could pursue the listing which will need approval from the US Securities and Exchange Commission later this year or early 2021. Founded in 2012, Coinbase has over 35 million users trading Bitcoin, Ethereum, and XRP, [] ...

10 Jul 2020 5:55 pm
Offline sales, online service: can topup cards work for streaming platforms?

In 2018, Hoichoi announced that it would be selling topup cards to woo subscribers in smaller towns without digital payment methods. This week, ALTBalaji launched a similar payment method, in partnership with PayPoint. Just how effective is this unusual strategy selling a digital subscription through physical card sales? Who buys topup cards? Hoichoi, which [] ...

10 Jul 2020 5:25 pm
Tata Consultancy Services launches enterprise cryptocurrency trading platform

Tata Consultancy Services has launched an enterprise product for cryptocurrency trading for banks and investments, the company announced. Called Quartz Smart Solution, the platform will support multiple cryptocurrencies, stable coins, digital currencies linked to fiat currencies, trading venues and public blockchain networks. Quartz is a startup incubated by TCS that works on blockchain. The product [] ...

10 Jul 2020 4:13 pm
TikTok received a questionnaire from MEITY after app ban

TikTok received a questionnaire from the Ministry of Electronics and Information Technology two days ago, after the app was banned in India along with 58 other apps, a TikTok spokesperson confirmed to MediaNama. The company did not specify the deadline to submit its response to the government. We have received a communication from Ministry of [] ...

10 Jul 2020 3:11 pm
Petitioner to file amended PIL against mandatory use of Aarogya Setu; next hearing on July 17 in Karnataka HC

While it may no longer be mandatory to use Aarogya Setu for rail and air travel, Anivar Aravinds battle in Karnataka High Court is not yet over. Earlier today, Senior Advocate Colin Gonsalves, representing Aravind, argued that despite not being mandatory, Aarogya Setu is being mandated across the country. He said that Bangalore Metro had [] ...

10 Jul 2020 2:47 pm
TikTok transparency report: India leads in official user information and content takedown requests

India topped the charts in several metrics revealed by TikTok as part of its transparency report for the second half of 2019 content removals, legal requests for user information, and government requests for content takedowns. The revelations for the second half of 2019 are more or less in line with the first half of [] ...

10 Jul 2020 1:22 pm
Facebook takes down misinformation networks linked to Roger Stone, Bazilian President Bolsonaro

Facebook took down four networks that engaged in misinformation in the US, Brazil, Ukraine, and Latin and Central Americas, including a network linked to Trump aide Roger Stone and another linked to Brazilian President Jair Bolsonaro. Except for the network that targeted people in Latin and Central Americas, all the other three networks targeted domestic [] ...

10 Jul 2020 12:29 pm
Why the US will face an uphill climb in banning TikTok

US Secretary of State Mike Pompeo told Fox News on Monday that the federal government is looking at banning TikTok, like India. But that would be an uphill climb for the United States, whose domestic politics and court system would pose challenges that would be hard to navigate without smoking-gun evidence that the app is [] ...

10 Jul 2020 11:45 am
UK, Australia launch joint investigation into controversial facial recognition company Clearview AI

Adding to the increasing scrutiny of controversial facial recognition company Clearview AI, the governments of Australia and the UK are now opening a joint investigation into the company. The Information Commissioners of the two countries, Thursday said, will investigate the personal information handling practices of Clearview AI, focussing on its use of scraped data and [] ...

10 Jul 2020 10:54 am