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Latest news from ET Tech with daily update to provide the family news, health news, online news, world news, sports news, video news, food news, national news, politics news and many more from ET Tech.



indian startups still don't take data privacy seriously, technology news, ettech

people look at data on their mobiles as background with internet wire cables on switch hub is projected in this picture illustration taken may 30, 2018. picture taken may 30, 2018. reuters/kacper pempel/illustration the privacy policies of indian consumer applications like paytm and flipkart do not offer the same range of data ownership and user rights as seen in international policies.this may change as the srikrishna committee is in the final stages of drafting the data protection bill, which will address a range of issues like consent, data localisation, ownership, purpose restrictions and the like.“i think privacy policies (in india) need to be a lot more descriptive and detailed,” said sameer nigam, chief executive of payments company phonepe. “i think every company should do so...





srikrishna panel may ask mncs to store personal data in india, technology news, ettech

the justice bn srikrishna-led committee on data protection is likely to recommend that internet companies such as google and facebook store data of indians within the country but with riders that may restrict the mandate to sensitive personal information.a majority of the 10-member panel has expressed the view that given the current sensitivity around data globally, it will be in the best interests of the country to ask multinationals to ensure that key data of residents remains in india, people familiar with the discussions told et. they also said that there have been voices of dissent with a few members of the committee advocating free flow of data to retain the competitive advantage of india’s $135-billion software exports industry.‘some exemptions likely’the indian it industry pr...





making feature films, technology news, ettech

by anousha sakoui, mark gurman and lucas shawapple has decided on its next hollywood act: making feature films.a deal is near for the rights to an animated movie as part of its upcoming slate of original video offerings, according to people familiar with the matter.apple is in talks with cartoon saloon, an ireland-based, oscar-nominated animation studio, said the people, who asked not to be identified speaking about private negotiations.the movie has yet to be made and is more than a year from release, but apple has been in talks to buy distribution rights for the u.s. and some other countries, the people said. it’s unclear how apple plans to make the movie available, but a theatrical release, necessary to qualify for academy awards, is possible, one of the people said. apple and cartoon...





new politicians rajinikanth & kamal haasan are going digital first to reach fans, technology news, ettech

rajinikanth and kamal haasan are the latest legatees of tamil nadu’s famous tradition of embracing cine stars as political overlords. but, like everything else, this tradition too has seen changes over time.a few decades later actor vijaykanth launched his political party desiya murpokku dravida kazhagam (dmdk) in madurai to a roaring crowd of fans and supporters in september 2005.the political debuts of the latest film stars rajinikanth and kamal haasan have been different. both actors chose to go digital first to consolidate their fan base and prospective voters. they both launched apps to keep their followers abreast with and participate in the formation of future political outfits.rather than travelling across towns large and small in heavily garlanded floats, as was the tradition, t...





yatra q4 losses down to rs 38.1 cr, revenue up 36%, technology news, ettech

yatra online, india’s second-largest online travel operator, posted stronger fourth-quarter results, with both its primary businesses — air ticketing and hotels and packages — showing steady growth for the three months ended march 31, 2018.for the fourth quarter, the nasdaq-listed company posted loss of ₹38.09 crore, or ₹10.74 per share on a diluted basis, compared with ₹83.02 crore, or ₹24.04 a share in the year-ago period. revenue for three-month period ended march 31 jumped by over 36% to ₹328.57 crore, compared to the fourth quarter of last fiscal.the company benefited from the government’s much-vaunted udan scheme, which subsidises air travel from the country’s tier-2 and tier-3 cities. additionally, the overall growth in domestic air traffic, which came in at abou...





xiaomi: xiaomi maintains online market lead with 57% share in q1: counterpoint, technology news, ettech

chinese handset maker xiaomi maintained its lead in india's online smartphone market with a share of 57% in the first quarter of 2018, followed by korea's samsung with 14% share and honor that captured 8% share, market research firm counterpoint said on friday.counterpoint said that the online smartphone segment outpaced the offline segment by capturing a record 38% share of the total smartphone sales during the first quarter of 2018, driven by exclusive online launches and strong promotions during the latter part of the quarter.the online smartphone segment in india increased by 4% year-on-year as the smartphone market remained flat in q1 2018 on a yearly basis. “the e-commerce segment grew faster than the offline segment during q1 2018. while the smartphone shipments in the offline s...





tcs to buy back rs 16,000 crore shares again, technology news, ettech

tata consultancy services announced its second stock repurchase in as many years — a move likely to nudge peers to follow suit — as india’s largest software exporter offered shareholders a premium of 15% on its scrip.the ₹16,000-crore buyback, announced before the company’s annual general meeting in mumbai on friday, will equal about 2% of its share capital. the company said it would repurchase about 76 million shares at ₹2,100 per share, nearly a 15% premium to the price on the bombay stock exchange. tcs shares closed at ₹1,841.45 on friday on the bse.“the company expects to complete buyback by the end of the second quarter,” said chairman n chandrasekaran terming the $19-billion company as “shareholder friendly in terms of dividends.” for fy18, “about ₹27,000 cr...





how mobile wallet firm mobikwik is walking a tightrope in india, technology news, ettech

there are often two paths to glory in the startup world. one is for entrepreneurs who create something entirely new, becoming the trendsetter. the other is for those who copy the disruptor but execute ruthlessly, time the market better, and are able to raise more capital. but to be a follower is tricky–a quandary mobikwik possibly finds all too familiar.an early mover in the mobile wallets segment, mobikwik finds itself fighting a two-pronged battle. on the one hand, it has to take on homegrown rivals—softbank and alibaba-backed market leader paytm, and flipkart-owned phonepe. on the other end are deep-pocketed global technology giants including google’s payment product tez and facebook-owned whatsapp pay.mobikwik is fighting a pitched battle but the question is for how long it would...





how a young bunch of firms is helping startups navigate through legal hurdles, technology news, ettech

divyanshu poddar had been a serious model rocket builder since his college days. that passion made him plunge into entrepreneurship and he set up rocketeers research institute, a tech-enabled platform that helps students build mini rockets. this might sound interesting, but getting the required government permissions is an altogether different game. for most entrepreneurs, it is a tough task understanding licensing requirements around propulsion, contacting the right government organisations for permissions, and complying with regulations to secure an explosives license.poddar reached out to anirudh rastogi, managing partner at tra law, and the duo set about working on these complexities. “we have worked together in understanding regulation and licensing around propulsion and model rocke...





end of the road for mobikwik? the mobile wallet is walking a tightrope, technology news, ettech

there are often two paths to glory in the startup world. one is for entrepreneurs who create something entirely new, becoming the trendsetter. the other is for those who copy the disruptor but execute ruthlessly, time the market better, and are able to raise more capital. but to be a follower is tricky–a quandary mobikwik possibly finds all too familiar.an early mover in the mobile wallets segment, mobikwik finds itself fighting a two-pronged battle. on the one hand, it has to take on homegrown rivals—softbank and alibaba-backed market leader paytm, and flipkart-owned phonepe. on the other end are deep-pocketed global technology giants including google’s payment product tez and facebook-owned whatsapp pay.mobikwik is fighting a pitched battle but the question is for how long it would...





new apple india chief’s sales plan disconnects discounts, technology news, ettech

apple india’s new country head michel coulomb is dismantling the sales strategy of predecessor sanjay kaul and reverting to an ‘organised distribution’ structure for iphones, ipads and mac computers. for consumers, this will mean apple products will cease to be discounted as the number of distributors is pared and the company takes a hard line on maintaining prices.the thinking behind the move is that the brand had been diluted by giving distributors a free hand to sell to any retailer, even at lower prices, three persons directly aware of the development said.“the earlier ‘open distribution’ strategy at apple india had created a lot of discontent amongst its offline trade partners, since the distributors would often indulge in wholesaling to achieve targets leading to rampant ...





what india needs to be a product nation, technology news, ettech

by naganand doraswamy & sanjay anandramsome of the key changes required for india to be on the global map for product innovation are a strong local market, amenable m&a policies, more vc funds investing in these startups, and focus on research.entrepreneurs are quite anguished about the private enterprise market in india. enterprise customers are very comfortable in the services market, where they are willing to pay for resources but unwilling to pay for products, especially indian products.while progress is slow and steady, rapid change is necessary for india to become a product nation. like in the us, enterprises need to be receptive and willing to pay for new products that will impact their productivity.the government is implementing policies that are encouraging government agencies and...





microsoft takes aim at amazon with push for checkout-free retail, technology news, ettech

microsoft corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to amazon.com inc's automated grocery shop, six people familiar with the matter told reuters.the redmond, wash.-based software giant is developing systems that track what shoppers add to their carts, the people say. microsoft has shown sample technology to retailers from around the world and has had talks with walmart inc about a potential collaboration, three of the people said.microsoft's technology aims to help retailers keep pace with amazon go, a highly automated store that opened to the public in seattle in january. amazon customers scan their smartphones at a turnstile to enter. cameras and sensors identify what they remove from the shelves. when customers a...





snapdeal investment and strategy head jason kothari quits to join infibeam, technology news, ettech

jason kothari, chief investment and strategy officer at jasper infotech, which owns and operates troubled online marketplace snapdeal.com, has quit the company, to join ahmedabad-headquartered infibeam. kothari, who joined snapdeal from real estate portal housing in january last year, will join infibeam, india’s first listed e-commerce entity as its president, leading its strategy, corporate development, international operations, and investor relations functions. “jason joins us with a history of high-impact business and strategic leadership where he has changed their outcomes and created significant value for all stakeholders. at infibeam, we will leverage his valuable experience to help realise our global plan and drive the next era in the company’s evolution,” vishal mehta, mana...





food delivery battle brews in cloud kitchen, zomato makes first move, technology news, ettech

the battle between online food delivery players is heating up, with the top companies now looking to build out captive supply of kitchens that can cater to their customers.zomato is set to invest about $15 million (about rs 100 crore) in tranches in bengaluru-based loyal hospitality to expand its cloud kitchen operations in bengaluru, according to three people aware of the deal.the first tranche of about $5 million (above rs 30 crore) has already been invested in the firm which provides a platform for restaurants to expand their operations and outlets through a shadow kitchen model.zomato confirmed the investment even as it added that it is shutting down its own cloud kitchen operations under zomato infrastructure services (zis). “the purpose of zis was to bridge the supply and demand ga...





apple steps up encrytion to thwart police cracking of iphones, technology news, ettech

apple is strengthening encryption on its iphones to thwart police efforts to unlock handsets without legitimate authorization.the move by apple, the latest in an ongoing clash with law enforcement, comes amid reports of growing use of a tool known as graykey which can enable police to bypass iphone security features.the privacy standard-bearer of the tech industry said it will change default settings in the iphone operating system to cut off communication through the usb port when the phone has not been unlocked in the past hour.that port is how machines made by forensic companies grayshift, cellebrite and others connect and get around the security provisions that limit how many password guesses can be made before the device freezes them out or erases data. now they will be unable to run c...





myntra unveils roadster go store with 30 second self-checkout, technology news, ettech

flipkart-owned online fashion retailer myntra has debuted a new kind of fashion retail store for its private brand roadster with a 30-second self-checkout facility.called as roadster go, this is the second offline store for roadster and comes more than a year after its first offline store in bengaluru in march last year."the first roadster store was all about consumer engagement, so we wanted to increase the amount of time that a customer spends interacting with a brand. with this store, we wanted to use technology and make it intuitive for customers and make the customer journey inside a store much easier." said ananth narayanan, ceo, myntra-jabong.in terms of concept, there are some similarities to amazon's checkout-free stores that debuted in the united states in 2016, although those...





ola’s loss widened to rs 4,898 crore in 2016-17, technology news, ettech

ani technologies, the parent company of taxi aggregator ola, saw its 2016-17 consolidated losses widen to rs 4,898 crore, a 56% increase from rs 3,148 crore in the year before, according to filings sourced from data company paper.vc.the loss for shareholders of ani technologies was rs 22,798 per share (basic earnings per share). revenue from operations, however, more than tripled to rs 1,178 crore, from rs 501 crore in the previous year, leading to a 70% increase in total income to rs 1,381 crore for fy17.total expenses at ani technologies mounted to rs 5,184 crore, up 30% from rs 3,959 crore in the previous year. this was mainly due to a surge in other expenses to rs 4,182 crore, from rs 3,183 crore. the company did not specify what these other expenses were. ani also shelled out more in ...





why are grocery retailers teaming up with tech giants?, technology news, ettech

france's carrefour announced a deal this week with google to boost its online shopping business. it is the latest in a string of partnerships between traditional food retailers and tech companies as grocery e-commerce takes off.how big is grocery e-commerce?global grocery retailing is worth $5.9 trillion, according to figures from market research provider euromonitor. online sales of food and drink only accounted for about 1.5% of that in 2017, but are growing fast in some key markets.the figure is much higher in countries where retailers have quickly embraced e-commerce. the online share of food retail in britain is 5.5% and 4.5% in france, according to business intelligence firm planet retail rng.china's online grocery market is expected to almost triple by 2022 to account for 11% of s...





ibm’s karan bajwa, technology news, ettech

ibm india has seen double-digit growth on the back of growing business from enterprises, banks and government. as the firm looks at expanding in the country, it looks at helping established firms harness data and tap new business is an opportunity. it also is explicit in telling clients that they own their data, says karan bajwa, managing director of ibm india.with internet firms disrupting business, where is the new opportunity?there is a larger trend that is clear that businesses are now going to be run by data.it is interesting to see that of all the data that has been built by people, only 20% is searchable, 80% of it sits inside companies — the telecom data, customer data, etc. that is captive inside enterprises. that data that will determine the differentiators for tomorrow, if you...