Forbes India Daily Tech Brief Podcast
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TCS rises, Infosys debuts on Kantar BrandZ global 100; Microsoft, Zara, and IBM lead on the new sustainability index
Tata Consultancy Services rose 12 positions from last year to rank number 46 on Kantar BrandZ's annual list of global brands. Rival Infosys debuted on the list, joining the top 100, ranking at number 64 on the widely followed ranking of the world's biggest brands every year. Accenture improved its ranking by one spot to place at number 26. Microsoft, Zara and IBM, however, lead the list on a new sustainability index that Kantar has started this year
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SatoriXR wins Grameen Foundation's Tech4Inclusion challenge; Clari acquires Wingman; UpGrad raises $225 mln
SatoriXR, a tech startup in Chennai that offers 3D and augmented reality technologies for engineering design and manufacturing, has won Grameen Foundation India's first Tech4Inclusion challenge. And entrepreneur Ronnie Screwvala's UpGrad has doubled its private valuation in new funding round, ET reports
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Coinbase cuts 18 percent staff; Google suspends engineer for 'sentient' AI claim; HDFC Bank, 100X.VC strike partnership
Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices, CNBC reports; Google has suspended an AI engineer for basically saying a program he helped build was human; And Terra.do has released a mobile app for people interested in the climate economy to find jobs, recruits, communities and continued learning opportunities
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Infosys to add four tier-2 hubs; Sequoia raises $2.85 bln for India and SEA; Spotify buys Top Gun voice AI company Sonantic
Infosys is setting up four more delivery centres in India's tier-2 cities to allow staff to work closer to their hometowns, and tap a wider talent base, Economic Times reports, citing Krishnamurthy Shankar, the IT services company's head of human resources. Sequoia raises its largest India fund yet. And Spotify adds a voice AI team and tech via an acquisition
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Google to pay $118 million to 15,500 women in gender-discrimination case; Ed-tech company's co-founder threatens teachers with 'blacklisting'
Google has agreed to pay $118 million to settle a class-action gender discrimination lawsuit with around 15,500 women, according to a statement from the law firms representing the women. Meanwhile, The UK's competition regulator wants to investigate how Apple and Google use their mobile phone dominance to kill competition. And an ed-tech company's co-founder wants to blacklist teachers if they seek better prospects, ET reports
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Infosys expands TK Elevator mandate; Chris Sacca's Lowercarbon Capital makes first India investment
SolarSquare, a Mumbai startup, has raised $4 million led by Google Capital, with participation from US investor Chris Sacca's Lowercarbon Capital, Singapore's Symphony Asia and Nithin Kamath's Rainmatter. The investment, the $1 billion Lowercarbon fund's first in India, also saw participation from Better Capital, Climate Angels and several angel investors. And Infosys has expanded its work for German lift maker TK Elevator
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EU makes USB-C the standard, in a blow to Apple; new glitches in Infosys-developed tax portal
European Union countries and EU lawmakers on Tuesday have reached a 'provisional agreement' on a single mobile charging standard for devices in 15 different categories including mobile phones, laptops, tablets and cameras, TechCrunch reports. This will make the USB-C charger the EU standard, and equipment makers will have to comply by 2024. And Infosys has been asked, again, to fix new glitches in the income tax portal it made for India
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India to create appeals body for social media complaints; Apple shows off new MacBooks; Zomato to buy Blinkit
India's central government is planning to create an appeals body where people can complain against social media posts, instead of having to go to the courts, according to a press release by the country's ministry of electronics and information technology. Apple's WWDC is underway, and new laptops and software have been showcased. And Zomato is set to buy Grofers, now called Blinkit
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India's digital payments projected at $10 tln by 2026; Coinbase extends hiring freeze; NASA outsources spacesuits
India's digital payments industry will triple to touch $10 trillion in total transaction value by 2026, according to a report by PhonePe, Walmart's Indian fintech unit, and BCG. Coinbase is extending its hiring freeze indefinitely. NASA is outsourcing its Lunar spacesuit development to two companies including Axiom Space, which is backed by investors including India's Sanjay Mehta
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Sheryl Sandberg to leave Facebook parent Meta; Coralogix, MoEngage, Slice raise funding
Sheryl Sandberg said in a post yesterday that she is stepping down from her role as Chief Operating Officer at Meta, formerly known as Facebook, after 14 years at the company. Javier Olivan, the company's chief growth officer, will take over as COO. Sandberg will remain on Meta's board of directors. And some startups continue to find funding amid the current slowdown
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Tata Digital taps Mad Street Den as 'AI partner of choice'; Apple supplier plays down lockdown impact; Liminal raises $4.7 mln
Tata Digital has partnered with Mad Street Den, an AI platform provider, to make Tata Neu, the so-called 'super app' it is developing for retail consumers, a more personalised and connected experience for users. Apple supplier Foxconn says the impact of March Covid lockdowns in China is lower than expected on production. And crypto startup Liminal raises more funding