The almost two-decade-old IT Act, which governs India’s cyberspace and internet, has to be replaced with a new digital law, according to Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. “The basic law that today regulates cyberspace and the Indian internet is called the IT Act. And the IT Act was enacted […]

Alibaba Group Holding Ltd, the world’s largest e-commerce company, announced on Tuesday that it has increased its share buyback programme to $25 billion from $15 billion for the second time in a year.  Alibaba reported that as of March 18, it has repurchased $9.2 billion of its US-listed shares as part of its programme, which

Spotify is hiring a team to integrate various Web3 capabilities such as NFTs on its platform, according to a recent job posting. Spotify is a Swedish-based media and music streaming service. It had over 406 million monthly active users as of December 2021, including 180 million paying clients, making it one of the most popular

On Wednesday, Xfinity Ventures, a blockchain technology business, and MAD Influence, an influencer marketing agency, announced a partnership to enable influencers and their fans into the Web 3.0 economy. According to a joint statement, the organizations want to provide a platform for influencers to transition into the Web3 sector and capitalize on the prospects. Cryptocurrencies,

NITI Aayog Vice-Chairman Rajiv Kumar said on Tuesday that the Atmanirbhar Bharat plan is not a closed economy, but rather one that is globally competitive. Kumar also underlined the importance of creating trust between private investors, the government, academics, and civil society. He commented on the Atmanirbhar Bharat program that “self-reliance is not the same

Vida, Hero MotoCorp’s electric car and emerging mobility solutions branch, received a new brand identity on Friday. Vida’s first electric vehicle will be released in July, according to the company. Following a 2010 family settlement, Hero MotoCorp promoter and Chairman Pawan Munjal were forbidden from using the ‘Hero’ brand name on any electric two-, three-,

Roll-up e-commerce start-up Gizga, Tizum, Air case, and HomePuff are among the four D2C brands acquired by Upscalio. The companies specialize in next-generation computers, PC and phone accessories, laptop bags, and kitchenware, respectively. Upscalio is up against companies like Thrasio, which just announced its entry into India, and Mensa Brands, which was founded by the

Niyo, a consumer neo-banking platform, has raised $100 million in a Series C fundraising round headed by Accel and Light rock India, with Beams Fintech Fund participating. This round also includes existing investors Prime Venture Partners and JS Capital, as well as others. The cash will be used for product innovation, marketing, and branding, expanding

Startup in the field of mobility Cityflo has announced that it will expand its operations to the Delhi-NCR region. By the end of 2022, the business hopes to have added 20 new routes to its network in the region. In Mumbai, Cityflo currently provides 1,00,000 trips per month on 13 routes. Over the next 18

During a Series, C funding round led by Quadria Capital and Light rock India, digital healthcare start-up MediBuddy raised $125 million from existing investors Bessemer Venture Partners, India Lifesciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital. The company plans to use the new round of