DATA EXCLUSIVITY
Ola CEO Bhavish Aggarwal endorses Narayan Murthy’s 70-hour work week
Bhavish Aggarwal, CEO of Ola, has strongly supported Narayan Murthy’s proposal advocating a 70-hour workweek for young professionals. In an exclusive podcast interview with ANI, Aggarwal praised Murthy's leadership during his return to Infosys in 2013, emphasizing the transformative impact he had on the company. Aggarwal also expressed admiration for Steve Jobs and his influence on him, citing his preference for Apple products. Additionally, Aggarwal raised concerns about "techno-colonialism," highlighting issues surrounding India's data being processed abroad and sold back to India.
How the stag beetle became the world’s most expensive insect and how much it costs
The stag beetle, one of the world's most expensive insects, can cost up to Rs. 75 lakh due to its rarity and perceived luck-bringing qualities. These insects thrive in warm climates, feed on sweet liquids and dead wood, and have a lifespan of 3 to 7 years. Their unique physical traits and roles in forest ecosystems make them highly valued, with applications even in medicinal practices.
India produces 20% of world's data: Ola founder Bhavish Aggarwal
Ola founder and CEO Bhavish Aggarwal highlighted that India which constitutes 20 per cent of the world's population produces 20% of the world's digital data. The Ola founder underscored that India should actually produce even more data since we are young.
Has Joe Biden lost the confidence of his Democratic base after dismal US Presidential Debate performance? Polls reveal shocking data
An exclusive poll has revealed that Joe Biden has apparently lost the support of his core Democratic supporters spread across major US States, who are now voicing their opinion on replacing him as the party's nominee, according to latest reports.
CCI rejects plea against Google for allegedly giving Truecaller exclusive access to user data
The Competition Commission of India (CCI) dismissed a complaint against Google India alleging it favored Truecaller by allowing it exclusive access to users' private contact information. The complaint, filed by Rachna Khaira, claimed this gave Truecaller a monopoly in caller ID and spam protection apps. The CCI found the allegations unsubstantiated, noting Khaira failed to provide credible evidence. Google argued it prohibits unauthorized publishing of contacts and denied preferential treatment to Truecaller. The CCI concluded users voluntarily provided contact information to Truecaller.
Reddit to update web standard to block automated website scraping
AI startups face scrutiny for bypassing Reddit's updated scraping rules. Plagiarism accusations against firms like Perplexity highlight the need for stricter data usage regulations. Reddit's cooperation with TollBit and the Internet Archive ensures non-commercial access while maintaining transparency. The involvement of Alan Barona underscores the importance of ethical content sourcing in AI development.
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Google Cloud’s AI push is winning clients: Thomas Kurian
Google Cloud chief sees tech infra that govt wants to put together as an opportunity to work closely with India. He says so many Indian entrepreneurs are aspiring to build the next Google... ‘we are super supportive of it’.
Salesforce launches public sector division in India; unveils Made-for-India digital lending solution
Salesforce launched its public sector division in India, introducing a digital lending solution tailored to the market's needs. The move underscores the company's commitment to India, with insights from an IDC study projecting significant job creation and revenue generation. CEO Arundhati Bhattacharya highlighted India's digital transformation potential, noting an urgency for technology adoption. The new offerings aim to enhance citizen experiences and streamline consumer lending processes in the country.
Key focus will be on US retail sales, PMI data, and Eurozone: Naveen Mathur
From gold prices to the Federal Reserve's stance on rate cuts, there's a lot happening in the world of commodities right now. In an exclusive interview with ETMarkets, Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Shares and Stock Brokers, shares his insights on the current state of the commodities market and this week's trends.
How to prevent Big Tech dominance, protect privacy and ensure fair competition
The magnitude, scale and speed at which such platforms operate demand ex ante regulation, if the real interests of consumers are to be protected.
Apple to break AI silence at developers conference
Apple on Monday will attempt to persuade doubters on its AI strategy after rivals raced ahead in adopting artificial intelligence. ChatGPT-style AI voraciously feeds off data and Apple will be at pains to fight the AI race while living up to its traditional position on safeguarding data privacy.
Why do we make poor investment decisions and how to avoid them
Investing has come to mean a flurry of activity. One must go about acting with assumed expertise, buying, selling, booking profits, revising and reworking. Keeping it simple and staid over the long term is boring in comparison. Poor investment decisionmaking is here to stay. We will crib about outcomes for a while, and then go back to doing the same things.
Torrent Pharma signs non-exclusive patent licensing pact with Takeda Pharma for Vonoprazan
A 2019 study published by the Indian Journal of Gastroenterology revealed that the prevalence of GERD in the Indian population is around 8.2%, with a higher prevalence of around 11.1% in the urban population. According to AWACS MAT April 2024 data, the Indian market for treatments used in GERD is valued at Rs 8,064 crore, growing at 8% CAGR over the last four years.
Mukesh Ambani faces pushback in Ghana over exclusive 5G deal
The Ghanaian government’s plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects, the National Democratic Congress (NDC) said in a statement on Monday.
Govt saying aye to laying strong AI foundation
The government may rope in higher education institutes, key researchers for the model that can be customised for wide range of applications. It will be trained on publicly available data, digitised records of books, journals and research papers from public libraries.
Exclusive: Tata Digital CEO Naveen Tahilyani sets up new team
Tata Digital CEO Naveen Tahilyani is rejigging the executive team for the conglomerate's super app, Tata Neu. This comes as several senior members of the team exited. Most of the positions at Tata Digital have been replaced with existing team members. The focus will now be on the loyalty programme, called NeuPass.
Cards vs UPI; Byju’s advisory council dissolved
Happy Monday! UPI's ease of use is driving a shift to cashless payments, leaving debit cards behind. This and more in today’s ETtech Morning Dispatch.
Innovation challenges faced by businesses in the age of AI
With regards to gen AI, 41 per cent of Indian businesses feel the pace of its adoption has been too quick, which has given rise to a number of challenges for decision makers, business owners and employees, Anil Sethi, vice-president, infrastructure solutions group, Dell Technologies India, told ET.
Jio bundles 15 apps' premium services including Netflix basic subscription with broadband plan for Rs 888/month
Jio has bundled premium services of 15 apps, including Netflix, Amazon Prime Lite, Disney+ Hotstar, with its 30 mbps broadband plan for Rs 888 a month. This new postpaid plan offers exclusive access to over 15 leading OTT apps, including popular platforms like Netflix's basic plan, Amazon Prime, and JioCinema Premium.
Wall Street rises on growing hopes for Fed rate cuts
The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42, while the Nasdaq Composite rose 52.2 points, or 0.32%, to 16208.537 at the opening bell.
Paramount will let exclusive talks with Skydance lapse
Paramount Global will end exclusive negotiations with Skydance Media without a deal, opening the door for a rival bid. Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount Global for $26 billion. The move comes amidst internal turmoil at Paramount, including the replacement of CEO Bob Bakish. Paramount has been struggling with the aftermath of Hollywood strikes, a soft advertising market, and competition in the streaming sector. The potential acquisition would strengthen Sony's position in the North American box office and create a formidable Hollywood studio.
Chinese research vessel Xiang Yang Hong 3 returns to Maldives waters for second visit
Chinese marine research vessel Xiang Yang Hong 3 has returned to Maldivian waters, marking its second visit within two months. Defense Minister Ghassan Maumoon stated that the Chinese vessel would not conduct any research despite sailing inside and near Maldivian waters. The vessel was docked at Thilafushi industrial island's harbor on Thursday morning, although the specific reason for its return remains undisclosed by the government. The Chinese vessel is hailed as the most advanced research vessel manufactured in China, boasting capabilities for various marine research tasks.
Number of devices hit by data-stealing malware rises over 600% in three years: Kaspersky
According to Kaspersky, 443,000 websites worldwide have experienced compromised credentials in the past five years. The .com (dot com) domain led the list of compromised accounts, followed by Brazil (.br), India (.in), Colombia (.co), and Vietnam (.vn).
Exclusive | New AI law to secure rights of news publishers: Ashwini Vaishnaw
Global AI regulation discussions intensify as companies seek fair compensation for AI data training from publishers. EU leads with strict guidelines under AI Act. OpenAI claims fair use, NYT advocates for accountability in copyright law.
RBI diktat to banks, credit card companies set to upend long-term integrations
For several years, banks have been dependent on deep integrations and partnerships with companies like Visa and Mastercard to make credit card operations profitable for them and attractive for customers. But now, given the choice, if consumers want to move to other card schemes like RuPay, those partnerships will get disrupted.
Maldives not to renew agreement with India for hydrographic surveys; to do on its own: Prez Muizzu
Maldives has decided not to renew its agreement with India for conducting hydrographic surveys and plans to acquire the facilities to do the surveys itself. President Mohamed Muizzu announced this decision, stating that Maldives will conduct underwater surveys independently to gain insights into its underwater features and prepare charts. This move comes amidst a recent defence cooperation agreement with China and signals a shift in Maldives' foreign policy towards greater self-reliance in maritime security and sovereignty.
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.
India rejects European FTA bloc's 'data exclusivity' demand to protect generic drug firms' interest
India rejects EFTA's demand for 'data exclusivity' provision, protecting the generic drug industry. Secretary Barthwal emphasizes India's support for the industry. Exclusivity is beyond TRIPS agreement. EFTA has 29 FTAs with 40 partner countries, including Canada, Chile, China, Mexico, and Korea.
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