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Chinese tech giant Tencent launches ‘ VooV Meeting ‘

The outbreak of the COVID-19 virus has led to the rise of various remote conferencing apps like Zoom, Google Meet, Microsoft Teams, etc. The exciting thing to this is the number of downloads of the various video conferencing app provider has hit a record of 62 million in just 7 days between 14 to 21 April according to App Annie report. Tencent is the latest company to join with its new product called VooV Meeting. It is an alternative to Tencent meeting but can be used internationally rather than only…

India’s online grocery market may top $3 billion sales in 2020

Gaurang

Analysts expect BigBasket, Grofers and other Indian online grocery stores to top $3 billion sales this year as the demand for home delivery of essentials witnesses a sudden spike due to the lockdown.

Flipkart partners with Vishal Mega Mart for home delivery of essentials

Gaurang

Flipkart has partnered with Vishal Mega Mart for home delivery of
essentials through a supply chain in 26 cities. Consumers can place an order through the Flipkart app.

Azim Premji is an investor in Moderna, a US firm whose coronavirus vaccine has shown good results

Gaurang

The chairman of Wipro Limited is one of the investors in Moderna, a US firm which has recently developed a coronavirus vaccine which has shown good results in phase 1 of its vaccine testing.

Accenture acquires big data analytics firm Byte Prophecy

Gaurang

Accenture acquires Ahmedabad based big data analytics firm Byte Prophecy to enhance its AI and data analytics capabilities.

TCS WaferWise™ : TCS Launches AI-powered Solution to Detect Wafer Anomaly in Semiconductor Manufacturing

Sreyashi B

Tata Consultancy Services’ Cloud-based Solution, TCS WaferWise™ Automatically Detects Defects, Improves Product Quality, Drives Up Throughput, and Enhances Business Growth. Tata Consultancy Services (TCS) a leading global IT services, consulting, and business solutions organization, announced the launch of TCS WaferWise™, a cloud-based wafer anomaly detection solution that harnesses the company’s contextual knowledge of the semiconductor industry and the power of deep learning technology, to help chip makers digitally re-imagine their product quality assurance process. Sophisticated quality inspection of wafers during the semiconductor manufacturing process is essential to detect and classify…

DigitalOcean raises $50M in Series C funding round

Gaurang

DigitalOcean raises $50M in Series C funding round, equity evaluation now stands at $1.15 billion

New p2p lending platform launched by 5paisa.com brokerage

Sreyashi B

5Paisa.com, a fin-tech firm, on Thursday announced the launch of its peer-to-peer (P2P) lending platform — 5Paisa Loans. The lending platform will function as a subsidiary of its listed parent, 5Paisa.com, and will have a separate application as well as website. In its statement, the company said 5Paisa Loans would enable individuals to lend between Rs 500 to Rs 50 lakh to multiple borrowers and the lenders could earn an interest rate of up to 36% per annum. 5Paisa loans, which acquired an NBFC license from the Reserve Bank of…

Aarogya Setu app: Government takes on a digital approach to battle corona.

Khushi R

Amidst the rising number of Corona cases, the government has resolved to digital aid by making the newly launched Aarogya Setu app mandatory for the government and the private sector workers. The Aarogya Setu app monitors the patients, provides advisories to the user along with tracking the virus. The app uses the phone’s Bluetooth and GPS features to determine whether the user belongs to one of the red zone areas and if they have been near (within 6 feet) a COVID-19 infected person by scanning through the database of the…

Facebook rolls out Messenger Rooms

Gaurang

Facebook has rolled out Messenger Rooms, which is set to compete with rivals as popularity of videoconferencing apps surges dramatically.