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Delhivery partners with Réseau to launch innovation lab

Delhivery has tied up with startup Réseau to launch an innovation lab. The project will help the company develop solutions for businesses and the sector at large. Named “Delhivery Innovation Labs” it will enable tech partnerships, strategic engagements, and proof-of-concept development on pre-defined use cases with emerging tech startups. It is now accepting applications for its first cohort, scheduled to go live in Nov 2021.

Source: YourStory


RBI survey says Indian software service exports up by 2.1% in 2021

Software service exports, including services delivered by Foreign affiliates of Indian companies, have experienced a 2.1% growth and stood at $148.3B in 2021-22. Computer services and ITES accounted for 65.3% and 34.7% of the total software service exports, said the RBI annual survey on the export of computer software and services. For the survey, 6115 companies were approached, out of which 1815 responded, including most large companies.

Source: ABP Live

Twitter to settle shareholder lawsuit by paying $809.5M

Microblogging giant Twitter has said that it will pay $809.5M, in the fourth quarter, to settle a consolidated class-action lawsuit. The lawsuit, filed in 2016 by Twitter investor Doris Shenwick, alleged that the company misled investors regarding Twitter’s user base growth and interaction, and “knowingly made inaccurate public statements” regarding the metrics. This resulted in an inflated share price, that fell when the truth became known.

Source: Time

US proposes laws to tighten anti-trust against tech giants gains

A bipartisan group of US Attorney Generals had submitted a letter to US lawmakers, asking them to tighten Antitrust laws against companies like Facebook and Google. Addressed towards the Senate leaders and the House of Representatives, the letter expressed explicit support for six bills that passed in June, with four of the big tech companies’ platform powers, while the remaining to empower US law enforcers.

Source: Latestly

Rackspace Technology has India as one of its fastest-growing markets

Cloud solutions provider Rackspace Technology has said that India is amongst its fastest-growing markets. From just 2% in 2019, India now contributes to more than a third of the revenues of the sales target in 2021. Sandeep Bhargava, Managing Director, APJ, said that the company is seeing growth across all sectors, including education and retail, and plans to add up to 500 more to its 2000-strong current employee count in the country.

Oracle’s Digital Marketing to be automated with help of AI

Oracle Inc has announced that it will implement a new system that uses AI to automate key parts of digital marketing. Named “Fusion Marketing” system, the software will use AI to automatically assemble marketing campaigns. It will also calculate whether people interacting with emails and ads will actually buy a product. To do this, the software uses data from a variety of sources, such as email contact lists, which will come from the users of Oracle’s systems.

Source: Techradar

Rajiv Aggarwal appointed as Head of Public Policy by Facebook India

Former Uber executive Rajiv Aggarwal has been appointed by Facebook India as its Head of Public Policy. He will work on user safety, data protection, privacy, inclusion, and internet governance. Aggarwal will report to Ajit Mohan, Facebook India MD, in his new role. He has over 26 years of experience as an IAS officer and was formerly working as Uber’s Head of public policy for the India and South Asia regions.

Source: The Economic Times


Tata Communications introduces pay-as-you-go system on Ethernet services

A “Bandwidth-on-demand (BoD)” service has been launched by Tata Communications for a variety of industries including IT/ITeS, BFSI, eCommerce, and the Media. It will enable companies to provide themselves with extra bandwidth when required, on a pay-as-you-go model, through a self-service portal. The BoD feature will also help clients manage scalable and resilient data centers, and is in line with the company’s digital-first ambitions.

Source: Business Today

HP, Proctor & Gamble and Nespresso join pledge to cut emissions

Tech Giant HP, consumer goods business Proctor & Gamble, and Coffee maker Nespresso have joined a corporate pledge to reduce their greenhouse gas emissions. The organisation they joined, “The Climate Pledge”, said that it added 86 new members, and now has 201 total members with annual revenues of more than $1.8 trillion. Headed by Amazon, the companies together plan to cut 2 billion metric tons of CO2 emissions by 2040.

Source: The Hill