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Decoding Data Protection Bill
Earlier this week, a Joint Committee of Parliament (JCP) adopted the final report on the Data Protection Bill, marking a milestone for India, the largest open internet market in the world that has been trying to frame a privacy Bill for over a decade.

Paytm Q2 results: Revenue jumps 64%, net loss up by 8%
Paytm's net loss increased by over 8% to Rs 473 crore during the period under review, as per stock exchange filings made by the firm to BSE.

A week of crypto chaos
This week, a bulletin published by the Lok Sabha for the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, spooked the nascent crypto industry in India.

WhatsApp Pay said to win NPCI approval to double its user base in India
WhatsApp had requested that there should be no cap on users of its payments service in India. Instead, the NPCI this week told the firm it could double the user base to 40 million from the mandated 20 million.

Paytmís wild ride continues; China asks Didi to delist from US
All eyes are set on tomorrow as India's digital payment giant Paytm is set to announce its quarterly and half-yearly results even as its share price today fell after three days of gain.

Tiktok rival Lomotif launches in India with strategic partner Socialkyte


China steps up pressure on tech with draft online ad rules
Internet advertising must "meet the requirements for the establishment of socialist spiritual civilization and the promotion of excellent traditional culture of the Chinese nation", the State Administration for Market Regulation said.

Nykaaís market cap briefly surpasses that of Zomato, Paytm in intraday trade
For a brief period during the day's trade, the market cap of the cosmetics-to-fashion ecommerce player hit Rs 1.19 lakh crore, while Zomato and Paytm had a market cap of Rs 1.18 lakh crore and 1.12 lakh crore, respectively.

New Zealand PM says Facebook, others must do more against online hate
New Zealand Prime Minister Jacinda Ardern said the next step was to focus on prevention, looking at how people are finding or coming across hateful or terror-motivating content online and perhaps becoming radicalised.

Paytm wild ride continues as stock sinks again ahead of earnings
Ahead of the results, Paytm’s shares dropped as much as 7.7% in early Mumbai trading on Friday. While the stock had jumped about 32% over the last three days, it is still well below the price set in the $2.5 billion IPO as investors continue to weigh its longer-term prospects.

Spotify to take on TikTok with vertical feed of music videos
The feature was spotted in the beta version of Spotify for iOS, which is available on TestFlight. A new icon in the tab bar of the app takes users to a new vertical video experience where they can swipe up or down to watch short video clips.

Israel slashes list of countries that can buy cyber tech
Israel's Defence Ministry said in a statement it takes "appropriate steps" when terms of usage set in export licenses it issues are violated, but stopped short of confirming any licenses had been revoked.

China asks Didi to delist from US on security fears
Proposals under consideration include a straight up privatisation or a share float in Hong Kong followed by a delisting from the United States

Crypto bill confounds funds; IPL teams fume over crypto diktat
While some blockchain and crypto funds are rethinking their strategies in case the government bans cryptocurrencies, others remain bullish, pinning their hopes on innovation-friendly rules.

Rivals eyeing IBM spinoff Kyndrylís sub-$50 million clients, experts say
Kyndryl briefly lost clients to rival IT services firms before its new strategy took effect, analysts said, adding that its business has stabilised after smoothly transitioning clients from IBM to itself.


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