Airtel, WhatsApp, Twitter, QAnon, CarDekho, bitcoin, legal tender
Airtel takes minority stake in cloud networking solutions company
Bharti Airtel has become a minority shareholder (7% stake) in cloud-based networking solutions provider Cnergee Technologies, according to The Hindu. The move is part of the telco’s attempts to expand its network-as-a-service (NaaS) offering to small and medium-sized enterprises (SMBs) looking to accelerate their move to cloud-based applications. .
Online fraud worth Rs 3,000 crore uncovered by UP police
UP Police Cyber Cell arrested a person allegedly part of a gang that defrauded people under the pretense of guaranteeing them part-time jobs and doubling their returns on investment, a PTI report released. The victims were instructed to transfer the amounts via UPI credentials to controlled crypto wallets from China, Malaysia, the Philippines and Vietnam, the report adds.
Nirmala Sitharaman Talks Fintech to Silicon Valley Investors
Financial technology (fintech) represents a unique opportunity for sustainable and inclusive growth, Finance Minister Nirmala Sitharaman said while calling on Silicon Valley investors to get involved in India’s growth in financial services and emerging technology sectors. She made the remarks at an event organized by the Confederation of Indian Industry (CII) and the US-India Business Council (USIBC) of the United States Chamber of Commerce, according to HEY.
Minister I&B promises strict action against fake news and propaganda
“Inside or outside the country, those who try to spread this type of propaganda, fake news, myths and fear, strict measures will also be taken in the future. We cannot compromise on the security of the country,” Information and Broadcasting Minister Anurag Thakur said as quoted by the Indian Express. Thakur’s statement comes just days after the department invoked emergency powers under the 2021 IT rules to block 16 YouTube channels for spreading misinformation. The total number of social media accounts blocked by the ministry under IT rules is approaching 100.
Lack of regulation affects ‘legit’ real-money gambling platforms
In an interview with the Economic period, Games24x7 CEO Bhavin Pandya reiterated why the Indian gaming industry needs a regulatory structure. “As an industry, we will have to solve two problems. Firstly, under the guise of games of skill, all manner of betting and gambling operations occur…and secondly, gambling operators around the world are coming and operating in the market just under the radar through surrogate marketing,” Pandya said.
CarDekho now offers dematerialized car credits to users
The car market unicorn has launched a digital lending platform called Rupyy that will offer instant loans to users for the purchase of cars (new and used), two-wheelers, etc., with more financial products to come , Inc42 reported. Loans would be sanctioned for borrowers after KYC verification, e-NACH and signing an agreement online, the report revealed.
Flipkart changes market policy with focus on sellers
The Walmart-backed e-commerce company said it will shorten its checkout cycle from 15 days to 7 days and simplify its onboarding process in a bid to attract new sellers and retain existing ones. Flipkart has also implemented a new advertising policy under which sellers get guaranteed returns on the money they spend to advertise on the platform, the Economic period said in his report.
Bitcoin adopted as legal tender by the Central African Republic
Central African Republic lawmakers have passed a bill that makes bitcoin the country’s legal tender alongside the CFA franc, according to the news agency. AFP. El Salvador was the first in the world to adopt bitcoin as legal tender in September last year. But volatility in the cryptocurrency market, along with technical issues and uneven implementation, have caused problems for Salvadorans. The CAR, which would be one of the poorest countries in the world, will it be able to succeed in its bitcoin experiment?
Twitter censors tweets about US docuseries about the QAnon movement
Gizmodo reported that shortly after a docuseries exploring the origins of the QAnon movement in the United States was released on HBO Max, director Cullen Hoback attempted to raise awareness for the series by paying to boost his own tweet. Instead, he received an email from Twitter’s advertising department that blocked him from buying promotions on the social media platform for allegedly violating its “inappropriate content” policy. Interesting way, ‘Q: In the storm’ also sheds light on how Twitter was allegedly used to spread the infamous political conspiracy theory.
WhatsApp dangles cashback rewards for P2P payments
The Meta-owned instant messaging platform has launched a cash rewards scheme in a bid to entice more Indian users to make peer-to-peer transfers using its payment service, Reuters reported. The company is also planning a cash rewards pilot program with merchants, the report adds.
Read also :
Do you have something to add ? Post your comment and give someone a MediaNama subscription.