EMPOWERING INNOVATION
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Gunfire Near White House Dinner Sparks Panic; Trump Evacuated, Suspect in Custody

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India Sets Global Benchmark in Esports Governance: Online Gaming Authority to Transform Industry from May 1

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Technoxian Expands to South America: Ecuador Joins Global Robotics Movement Through Landmark WORSO–STEAMUP Partnership

Short video platforms using Instagram to increase fanbase

Indian short-video platforms that are looking beyond Tier-I India for the next set of users appear to be in a race to buy out Instagram influencers for exclusive content. Influencers with 100,000 to 500,000 followers may earn up to Rs 25 lakh per year on apps like MX TakaTak, Chingari, and Moj, which swiftly filled the void left by TikTok’s exit from India in June last year. “They have roped in multiple third-party agencies to do this,” said Praanesh Bhuvaneswar, founder and chief executive of influencer marketing platform Qoruz. “They’re…

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Nykaa acquires domestic skincare company

Nykaa, India’s largest cosmetics etailer, has acquired a domestic skincare company Dot & Key only days before its initial public offering (IPO) on October 28. This is the startup’s first acquisition in the direct-to-consumer space. The deal, though, is reflective of the bigger turnover in the industry. According to a statement made on Friday, “Following this investment by Nykaa, Dot & Key will join Nykaa’s range of owned brands.” Dot & Key, founded by Suyash and Anisha Saraf, develops skincare products such as serums, face masks, toners, and cleansers. The…

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NITI Aayog includes 45 tech startups in its initial compilation of enterprises

Forty-five health-tech startups were included in the federal policy think tank NITI Aayog’s initial compilation of enterprises nurtured under a scheme to encourage innovation and entrepreneurship. These companies’ technologies include portable health care devices that can be used at home, such as electrocardiogram (ECG) equipment, robotic arms capable of performing surgery, and a wearable device that alerts parents 24-hours before a pregnancy turns into a stillbirth, as shown in a list of innovative solutions released by these companies. The compilation, titled ‘Innovations for You,’ covers the start-ups fostered under the…

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EatFit expects a $50 M annualized revenue run rate by FY22

EatFit, a cloud kitchen brand managed by the Curefoods startup, offers clients healthy eating options. With the country’s cloud kitchen space booming, the business appears to have found the right recipe for success. Ankit Nagori, Founder, Curefoods, says that businesses in India have had an interesting journey over the last 18 months. The initial 5-6 months were particularly tough for consumer-facing brands such as EatFit. “People had to find ways to continue their business,” Ankit says. Ankit says that at the peak of the COVID-19 pandemic, the startup was forced…

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PUBG: New state to release soon: All you need to know

PUBG: New State will be released for Android and iPhone on November 11. Krafton has revealed that PUBG: New State would be accessible in 200 countries, including India, simultaneously. The new trailer of the game features futuristic weaponry, vehicles, and a slew of thrilling battle royale elements. The news comes only days after Krafton began testing PUBG: New State in alpha and beta with a small group of gamers. “PUBG: New State inherits the core of the PUBG IP and will have a competitiveness in and of itself on the…

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Facebook rolls out filters for group video calls

Facebook is starting to roll out augmented reality (AR) filters for Messenger group chats. This means that users will be able to create group conversations by combining filters and AR effects. The effects will soon be available for Instagram group chats as well. Users will be able to play multiplayer interactions with friends using group effects, making group video calls with filters a shared experience. You may view Group Effects by tapping the smiling face to access the effects tray and then selecting Group Effects after initiating a video call…

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Google meet gets a much-needed update

Google Meet has released an intriguing update for customers who are unable to switch off their mics during a meeting. People frequently begin discussions without turning off the mic, and when the mic is turned off, background noise can disturb the entire conference. Google, on the other hand, now has a solution for such troublesome players. Google Meet is introducing a new feature that lets the meeting host to mute all participants at once. The functionality is now available in Google Workspace for the domains Education Fundamentals and Education Plus….

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Xiaomi leads the Indian smart phone market in Q3

Xiaomi remains the leader in the Indian smartphone market Despite supply difficulties that have resulted in a drop in overall shipments. According to Canalys’ latest report on India’s Q3 smartphone shipments, there was a 5% year on year drop, although shipments were 47 percent higher when compared to the same quarter last year. The last quarter’s growth can be attributed to the country’s recovery from the COVID-19 pandemic. Xiaomi has claimed top place by shipping 11.2 million devices to the country. It accounted for a quarter of all units shipped….

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Google reduces play store fees for developers

Google has announced that it would reduce its Play store fees for developers following Apple. Google has lowered the costs by 15%, the subscriptions app will no longer have to pay a 30% share to the company. However, the changes will not be implemented immediately; the new Play Store fees will take effect in January 2021. Google also announced that eBooks and on- demand music streaming services will be subject to a 10% fee. “To help support the specific needs of developers offering subscriptions, starting on January 1, 2022, we're…

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PayPal to acquire Pinterest

PayPal Holdings Inc (PYPL.O) has made an offer to buy digital pinboard site Pinterest Inc (PINS.N) for $45 billion, a combination that may herald additional financial technology and social media tie-ups in e-commerce. It would be the largest social media acquisition ever, surpassing Microsoft Corp’s (MSFT.O) $26.2 billion purchase of LinkedIn in 2016. The deal talks come as online consumers increasingly buy products they see on social media, frequently by following “influencers” on platforms like Instagram and TikTok. By acquiring Pinterest, PayPal would be able to take a larger share…

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