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Category: Uncategorized (page 1 of 7)

Vijay Sethi quits Hero MotoCorp; Pradeep Eledath appointed interim IT Head

Hero MotoCorp’s CIO Vijay Sethi has quit the firm. Jan 20 was the last day of his 13 years old tenure. Sethi was also Head CSR and Human Resources at Hero MotoCorp. Before the automaker, Sethi had worked with Ranbaxy and TCS. Pradeep Eledath has given the change of IT function during the interim period until a new CIO is appointed. Eledath has over 25 yrs of experience in IT, digital transformation and cybersecurity.

Twitter users fact check misinformation in new pilot program

Twitter launched a pilot program that flag tweets that they believe are misleading and writes notes to provide context. The project, called Birdwatch, is initially offered in the US and is on a separate section of Twitter, and only pilot participants, who apply to the program, will write posts identifying and rebutting misinformation. Their notes will initially not be visible on Twitter for users outside of the pilot group but will be visible on the Birdwatch site.

Zomato acquires Fitso Sports for ₹80-100 cr

Zomato has acquired Jogo Technologies that operated Fitso, sports facilities provider for a sum between Rs 80-100 cr. Fitso, founded by IIT Delhi graduates in 2015, manages facilities at stadiums, fields or courts, using tech. It sustains over 25,000 subscribed swimmers and more than 25 all-weather swimming academies across NCR and Hyderabad. It has raised $400,000 in two rounds and $1.5 mn in pre-Series A funding from SRI Capital, Sprout Capital, IPV Capital.

ST Telemedia to invest Rs 1100 cr for development of data centre campus in Noida

Singapore-based ST Telemedia plans to develop a greenfield data centre campus in Noida. It would develop IT capacity of 18 MW at an estimated investment of ₹600 cr in the first phase, and 36 MW IT capacity with an investment of ₹ 500 cr in the second phase. The campus is expected to create 30-40 direct and 550 indirect employment avenues. The total investment would be around ₹1,100 cr with 80 direct and 1,000 indirect and induced employment avenues.

Anarock Group acquires apartment management platform ApnaComplex

Real estate services firm Anarock has acquired a proptech entity NestAway’s society and apartment management platform, ApnaComplex for an undisclosed sum. Goldman Sachs, Tiger Global, UC-RNT Fund, IDG India, Chiratae Ventures and InnoVen Capital have exited the entity. ApnaComplex manages 6 lakh households across 80 Indian cities. It has modules for accounting, security, gate management, community engagement, facility management, etc.

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WhatsApp Pay’s UPI transactions double in December

WhatsApp Pay UPI transactions volume doubled in Dec as it processed 0.81 mn payments worth Rs 29.72 cr, an over 100% rise in both volume and value compared to Nov, as per NPCI data. PhonePe and Google Pay processed 902.03 mn and 854.49 mn transactions, respectively. PhonePe overtook Google Pay as the most-used UPI app in the month, facilitating transactions worth Rs 1.82 lakh cr, with a market share of 40%. Paytm processed 256.36 mn payments.

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Intel chairman planning up to $1 bn health-tech SPAC IPO

Intel Chairman Omar Ishrak is planning to raise funds for a blank-check firm targeting deals in the health tech sector. Ishrak, who ran medical device firm Medtronic in the past, could file public registration papers with the US Securities and Exchange Commission soon. He is aiming to raise about $750 mn to $1 bn for the special purpose acquisition company or SPAC. Goldman Sachs Group is leading preparations for the IPO.

Noida Police joins hands with Microsoft to improve system, digital policing

Noida police and Microsoft entered into an agreement to boost policing in the NCR district. Police Commissioner Alok Singh signed the MoU with officials of Microsoft India, with the aim to bring simplicity and skills in policing. Microsoft will assist the cops in improving the overall system and also set up a ‘CoE’ to boost digital policing. It will also provide products, support, services and a road map aligned with the long term objectives of the police.

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IDEMIA announces Matthew Foxton as new Regional President for India

Augmented identity solutions provider IDEMIA has announced Matthew Foxton as its new Regional President for India continuing with the current roles, the Executive VP, Branding & Communications, member of the Executive Committee. He would succeed Sanjeev Shriya as the Regional President, who would be a non-operational role as an advisor to the Global CEO. IDEMIA has powered digital transformation projects over the last 25 years in the country.