Tech & Internet
CoinDCX expands SIP offering with daily investments and XIRR tracking from Rs 100
CoinDCX has introduced Daily SIP, enabling investors to start crypto investments for as little as Rs 100. This innovative feature promotes a steady approach to accumulating assets over time. With the introduction of the XIRR metric, users can now monitor their annualized returns easily. This enhancement is designed to make long-term crypto investing accessible, offering users increased flexibility and clarity to support disciplined investment strategies.
India's semiconductor market seen reaching $155 billion by CY31, share of global consumption to rise to 9%: Report
India's semiconductor market is projected to reach USD 155 billion by CY31, implying a compound annual growth rate (CAGR) of 20 per cent and taking the country's share of global semiconductor consumption to roughly 9 per cent by 2031, according to a report by Kotak Mahindra Mutual Fund.
New Zealand to introduce bill banning social media for children under 16
The bill would require social media platforms to take reasonable steps to verify users' ages, including by utilising existing account information, facial technology and digital identity documents.
From Australia to Europe, countries move to curb children's social media access
Below is a summary of what countries and companies are doing to regulate access to social media amid mounting concerns over the impact of social media on children's health and safety.
Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI
Alibaba said on Sunday its HK$80 billion ($10.21 billion) share placement finalised at HK$112.70 apiece - an 8.4% discount to its Friday close - is aimed at funding AI-related development, as it redoubles AI bets amid competition and simmering Sino-U.S. tech rivalry.
Flipkart introduces penalties for sellers over despatch delays, cancellations
Flipkart has introduced new penalties for sellers over despatch delays and order cancellations, ahead of the festive season. Sellers will pay Rs 30-60 per shipment for breaches, or Rs 90 if an order is delayed and then cancelled. Small brands and individual sellers are likely to face greater impact, executives said.
Sector-focussed funds look to ride deeptech wave, expand horizons
Sector-focussed venture capital funds are widening their investment horizons as more founders build in deeptech areas such as robotics, spacetech, advanced manufacturing and semiconductors. Investors say the shift reflects stronger deal flow and greater confidence in deeptech’s defensibility and exit potential. Government-backed capital is also adding momentum to the sector.
Urban Company sues Kent RO over ads targeting its Native water purifiers
Urban Company has sued Kent RO Systems in the Delhi High Court over advertisements calling its Native water purifiers’ two-year service and filter life a “marketing gimmick”. Kent has agreed to withdraw the ads and remove similar content. The dispute comes as Urban Company expands its growing Native purifier business.
Space, AI and other tech integration to shape a nation's geopolitical future: Minister Shekhawat
Privatisation of space is the "democratisation of space opportunities," Shekhawat asserted at the event, organised by the Space Applications Centre (SAC), Indian Space Research Organisation (ISRO) and the Department of Science. The minister also hailed the visionary leadership of Indian scientist Vikram Sarabhai and his contributions to the field of space and technology.
VCs becoming marginal in AI cycle, enterprises should invest in the sector: Peak XV’s Shailendra Singh
“Every large enterprise should be investing in AI,” Singh said at The Economic Times World Leaders Forum in New Delhi. Pointing to HCLTech’s investment in Indian foundational model startup Sarvam AI, and global bets such as Amazon’s backing of Anthropic, he said corporate balance sheets can deploy capital at a scale most venture funds cannot match.
