Smaller cheques for food-delivery apps | VCs ask Sidbi to ease sops criteria | Covid-19 & fake videos | Availability of essentials improves

ETtech Newsletter | Tuesday, April 7, 2020

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Swiggy and Zomato settle for smaller cheques
The capital infusion comes at a time when the outbreak has significantly dented order volumes and fund-raising appetite.  read more...
VCs want Sidbi to ease sops criteria
The scheme was launched by Sidbi as an interim arrangement to provide working capital financing from its balance sheet to startups over the next 45-60 days.  read more...
Remove videos spreading Covid-19 lies: Govt to social media platforms
TikTok, Helo, Facebook told to remove contents allegedly trying to influence Muslims against safe practices  read more...
Leading IT firms start virtual onboarding of new recruits
Wipro, Accenture and Tech Mahindra decide to honour offers made to new hires  read more...
Freelancers wait longer to get paychecks amid virus outbreak
While domestic payments have been delayed to 24 days from an average 19 days earlier, international payments are taking double the time than usual  read more...
Big improvement in availability of essential goods
Smoother inter-state movement of goods and availability of staff helping supply: Survey  read more...
IT reworks ops as clients cut discretionary spends
Clients turn to IT projects that make shop floors and operations more cost efficient and flexible  read more...
New IBM CEO starts up with culture shift
Arvind Krishna writes to staff, calls for an entrepreneurial mindset as he takes over the top job  read more...
Amazon pumps Rs 284 crore into food retail unit
This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for grocery and food items.  read more...
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
The investment, which was mixture of debt and equity, raises Airbnb's cash reserves to around $4 billion  read more...
MeitY seeks ideas on IT act revamp
In February, Union Minister for Electronics and IT Ravi Shankar Prasad disclosed the plan to revamp the IT Act, citing shifts in technology since the last decade.  read more...
Treebo Hotels rolls out exit plan for 400 employees
The scheme allows employees to resign from their role at the company, get the notice period waived off, and get one month's salary  read more...
Reliance to infuse Rs 500 crore in edtech firm Embibe
The additional investment comes as edtech firms across the country are seeing a spike in users, as schools remain shut due to Covid-19  read more...
Retailers resort to reverse supply chain to procure goods
The approach is a departure from the standard practice of FMCG companies delivering goods directly to the retailers' warehouses and stores.  read more...
Ministries told to prepare business continuity plans
Each ministry has to identify 10 key moves and 10 priority focus areas for action  read more...
Co-working companies offer sops, waive rents to retain clients
WeWork India, the franchise arm of WeWork and run by billionaire Jitu Virwani's Embassy Group, has decided to provide heavy discounts to its clients  read more...
Internet emerges as biggest infotainment source for consumers amid nationwide lockdown
Social media, gaming and entertainment have become the biggest stress-busters for people who also work from home  read more...
SC issues guidelines for courts to switch to videoconferencing during Covid-19 pandemic
Courts should restrict entry and maintain social distancing, besides taking other measures to check the spread of Covid-19, a three-judge bench said.  read more...
Telcos seek govt nod to self-KYC of new customers
In a letter to the telecom secretary Anshu Prakash dated April 2, COAI has proposed an end-to-end digital method to process a connection/porting request.  read more...
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Monday, April 6, 2020

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Saturday, April 4, 2020

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Covid-19 Impact: Hygiene measures of food delivery firms | Oyo suspends hotel payments | IT growth to slow down

Friday, April 3, 2020

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