BOAT CONSUMER DATA BREACH
Troubled with frequent power cut? Get compensation from electricity distributor if it happens due to this reason, know how
Power cut: Electricity discom have to provide compensation to you if they have resorted to wilful load shedding. This compensation will be adjusted through your electricity bill. However for other deficiencies of service (if any) you will have to lodge a complaint. Read here to know how much compensation you can get in Maharashtra, Rajasthan, Delhi and Karnataka.
Data hints at bullish setup, Nifty headed for 23,560 & 23,890: Experts
Nifty's bullish setup is supported by strong technical indicators, with recommendations for specific stocks in FMCG, pharma, IT, auto, and power sectors for potential gains.
Bad taste for ‘aam aadmi’: How adulterated mangoes pose fresh headache for regulators, consumers
The use of banned chemicals to ripen fruits is prevalent despite penalties and laws. The ball is in the food safety regulator’s court.
Smartwatch companies turn to premium buyers looking for upgrade
Leading smartwatch brands like Noise, Boult, and Boat are targeting repeat buyers with premium hardware to increase average selling prices and improve profitability amid declining shipments and intense competition. They are using their own processors, high-end materials, and aesthetic enhancements, while aggressively expanding into offline retail channels. This shift follows a 7.3% drop in Q1 2024 shipments and a fall in ASP to $20.65. The focus is now on offering premium products with better features to attract discerning consumers.
Intense competition drives prices of wearables to all-time lows; sales up but higher inventory worries companies
Earbuds start at Rs 400 and smartwatches at Rs 999 for frontline brands, about half of what they were a year ago, companies and researchers said. Although sales are rising, companies aren’t able to clear out stock fast enough, they added.
How Google and Meta's Ad transparency reports reveal—and conceal—political Ad spend
Despite abundant data, Google and Meta’s ad transparency reports often obscure more than they reveal. While intended to enhance transparency, critics argue they create an illusion of openness, complicating the analysis of political ads and raising concerns about content moderation.
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Offline stores are trending as new set of D2C firms emerge
Investors and startup founders are noticing a trend: D2C businesses across various sectors, like fashion, electronics, and food and beverage, are opening physical stores (going offline) even after their initial funding round.
S&P 500, Nasdaq at record highs as lukewarm inflation fuels rate-cut bets
The blue-chip Dow was set to breach the 40,000 mark for the first time, while the two other major indexes surpassed all-time peaks hit in March. Tepid U.S. consumer prices data for April led traders to raise bets that the Fed will cut its policy rate in September and again in December.
Dollar firms after hot retail sales, yen languishes; China data awaited
The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales.
boAt Data Breach: Name, address, contact number, email ID of 75 lakh boat customers for sale at 2 euro
A hacker leaked personal data of 7.5 million Boat customers on the dark web, including names, addresses, contact numbers, and email IDs. ShopifyGUY breached Boat's data, raising concerns of financial scams and phishing threats. Experts emphasize the risks of identity theft and urge enhanced security measures to protect individuals.
S&P 500 closes higher to secure strongest Q1 since 2019
Each of the three main U.S. indexes recorded solid quarterly gains, led by a climb of 10.16% for the S&P 500, aided by optimism over artificial intelligence (AI) related stocks and expectations the U.S. Federal Reserve will begin to cut interest rates this year.
UnitedHealth hack takes toll on healthcare providers to the nation's poor
Technology roadblocks have prevented many community health centers from reconnecting, according to interviews with national and state-based organizations representing them, two national groups representing Medicaid directors and plans and five of the affected centres.
Why fair and responsible AI is non-negotiable for consumer welfare
Investments in hardware, software, skilling initiatives, and awareness building are essential for a holistic AI ecosystem. Collaboration among government, industry, academia, and civil society is vital to balance fairness, innovation, and responsibility.
Pure-play online D2C brands step up offline presence to push growth
Mamaearth, one of India's prominent D2C brands, is expanding its reach with over 1.7 lakh retail touchpoints, marking a shift towards physical retail. Other brands like Licious and Minimalist are also adopting an omnichannel approach. However, entering offline retail comes with challenges, including adapting product assortments and building trust with trade participants. Despite the challenges, brands like Slurrp Farm, Just Herbs, and Nykaa are rapidly expanding their offline presence, recognizing the value of physical touchpoints in customer engagement and sales.
Sensex surges 1,245 points, hits new high: 4 factors behind the rally on Dalal Street
Indian economy grew 8.4% in Q3, driving BSE Sensex and Nifty50 to record highs. Nifty Bank, Auto, Financial Services, Metal, and Oil & Gas closed over 2% higher. The broader, more domestically focussed small- and mid-caps gained nearly 1% each, underperforming the benchmarks.
Meta targeted in privacy complaints by 8 EU consumer groups
Eight EU consumer groups have filed privacy complaints against Meta Platforms for breaching GDPR rules. Ursula Pachl called on data protection authorities to stop Meta's unfair data processing. Critics argue that Meta's paid, ad-free subscriptions are an attempt to make users pay for their privacy, which they consider a smokescreen for the company's invasive advertising model.
Dollar bounces before inflation data
The U.S. dollar jumped on Wednesday as investors position for U.S. and European inflation data due on Thursday, while the Australian and New Zealand dollars tumbled after New Zealand's central bank cut its forecast peak for interest rates and Australian consumer price inflation held at a two-year low.
Exclusive: Uber CEO Dara Khosrowshahi interview; Paytm Bank denies Fema breach
Happy Monday! Uber Technologies will be laser-focussed on its mobility business in India and consolidate its market share, CEO Dara Khosrowshahi told ET in an exclusive interview. More on this in today’s ETtech Morning Dispatch.
When the third-party cookie crumbles: A new privacy-centric internet emerges
Third-party cookies, which are used to track the online movement of users, are being phased out by Google. A tool to make a user’s internet experience more intuitive, Cookies became a villain when they became intrusive. How will it transform the internet?
Cheaper knockoffs take shine off big wearables brands
These products, which closely resemble the design of the Apple Watch and other premium smartwatches, are also pulling down the average selling price (ASP) in the industry to record lows, making it difficult for the entrenched brands to compete or "premiumise", industry executives and experts said. The ASP in the wearable segment fell about 39% to $26.10 in 2023 from an already low $42.50 the previous year, se per IDC.
India wearable market grows 34% in 2023: report
According to a report from IDC, the Indian wearable market recorded 134.2 million units in 2023. The average selling price of wearables dropped over 15% to $21.2. IDC also said that the Indian wearable market will see a single-digit growth in 2024.
Asian stocks gain ahead of US CPI
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak.
Apple-backed study finds rise in data breaches as iPhone maker defends encryption stance
The study, which does not include any findings of data breaches at Apple itself, argues that breaches are becoming so commonplace that the only feasible way to protect consumer data is wider use of end-to-end encryption.
Byju Raveendran in fire-fighting mode amid crises; Gameskraft’s FY23 profit, revenue rise
Battling crises on multiple fronts, Byju’s founder Byju Raveendran revealed his plans to tackle the liquidity crisis in a call with senior executives today. This and more in today’s ETtech Top 5.
Meta Platforms' paid ad-free service breaches EU consumer laws, claims complaint
The joint complaint from the European Consumer Organisation (BEUC) and 18 of its members to the network of consumer protection authorities (CPC) came two days after advocacy group NOYB filed a complaint with the Austrian privacy watchdog, saying Meta's new service amounted to paying a fee to ensure privacy.
IT ministry plans regulations to tackle deepfakes; data breach at Tata-owned hospitality firm
The government will come out with a new set of rules and regulations to tackle the growing menace of deepfake technology, IT minister Ashwini Vaishnaw said.
Apple flags ‘state-sponsored’ hacking, govt orders probe; inside PharmEasy’s Rs 3,500-crore rights issue
The Centre has ordered probe after opposition members, journalists received messages on their iPhones, warning them of possible ‘state-sponsored’ privacy attack. This and more in today’s ETtech Morning Dispatch.
UK watchdog fines consumer credit rater Equifax $13.4 million for role in cyber breach
The Financial Conduct Authority (FCA) said that in 2017 Equifax's parent company, Equifax Inc in the United States, was subject to one of the biggest cybersecurity breaches in history, when the personal details of as many as 147.9 million US consumers were accessed during the hack
Data Protection bill to enable easier cross-border data transfer, act as an enabler for startups: experts
Cofounder and chief executive officer of Shiprocket, Saahil Goel said poor governance around data in other economies sets an example for data governance.
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