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A TiE Delhi-NCR and Zinnov report noted that around 75 per cent of start-ups are gradually recovering post lockdown

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Despite the ongoing pandemic, India is set to have eight unicorns by the end of the year, almost the same number of additions as in 2019. The country has already got four unicorns during the pandemic. According to a report ‘COVID-19 and the Antifragility of Indian Startup Ecosystem’ by TiE Delhi-NCR, a not-for-profit organization dedicated to fostering entrepreneurship, in partnership with Zinnov, Indian startup ecosystem is recovering quickly from the impact of the pandemic.

The report observed that though 2020 started on a high note for Indian entrepreneurs, the COVID-19 outbreak jolted the startups across the sector. The period

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a close up of a box: Internet freedom in India declined for a third year: Report


© Carlsen Martin
Internet freedom in India declined for a third year: Report

Internet freedom in India declined for a third straight year, as government authorities increasingly shut off connectivity to suppress anti-Citizenship Amendment Act (CAA) protests, said a report.

The Freedom House report said spyware campaigns targeting human rights defenders added to the already restrictive environment for privacy.

“Meanwhile, both the CAA protests and the COVID-19 pandemic led to an information environment plagued by disinformation, often pushed by political leaders themselves. Within this environment, women, religious, and marginalized communities, in particular, experienced online harassment and trolling,” the report said.

The report said despite the Supreme Court establishing certain safeguards to be followed by the government before ordering internet shutdowns, India still registered to be home to more government-imposed internet shutdowns than anywhere else in the world.

The move was justified by authorities for reasons including the need to counter

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Gold imports had risen in July and August as jewelers readied stocks ahead of festivals.

Photographer: Sanjay Kanojia/AFP via Getty Images

Gold imports by India slumped in September after a short-lived rebound as high prices prompted buyers to defer purchases.

Inbound shipments into the world’s second-biggest bullion consumer fell 38% in September from a year earlier to 8.4 tons, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were down from 35.5 tons in August. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.

Weak Appetite

India’s gold imports dip again in September

Source: India’s Finance Ministry Official

Imports had risen in July and August as jewelers readied stocks ahead of festivals. But demand has cooled as buyers hold off on purchases in a bet that prices

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India is giving more than a dozen companies new incentives to invest in the country’s smartphone industry, bolstering an ambitious campaign from Prime Minister Narendra Modi to rebrand the country as the world’s next manufacturing hub.



a person holding a camera: An employee tests the camera quality of mobile phones on an assembly line in the mobile phone plant of Rising Stars Mobile India Pvt., a unit of Foxconn Technology Co., in Sri City, Andhra pradesh, India, on Thursday, July 11, 2019. Foxconn, also known as Hon Hai Precision Industry Co., opened its first India factory four years ago, it now operates two assembly plants with plans to expand those and open two more. The company was integral to Chinas transformation into a manufacturing colossus, and founder Terry Gou has told India's Prime Minister Narendra Modi that Foxconn could help India do the same. Photographer: Karen Dias/Bloomberg via Getty Images


© Karen Dias/Bloomberg via Getty Images
An employee tests the camera quality of mobile phones on an assembly line in the mobile phone plant of Rising Stars Mobile India Pvt., a unit of Foxconn Technology Co., in Sri City, Andhra pradesh, India, on Thursday, July 11, 2019. Foxconn, also known as Hon Hai Precision Industry Co., opened its first India factory four years ago, it now operates two assembly plants with plans to expand those and open two more. The company was integral to Chinas transformation into a manufacturing colossus, and founder Terry Gou has told India’s Prime Minister Narendra Modi that Foxconn could help India do the same. Photographer: Karen Dias/Bloomberg via Getty

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Redmi Earbuds 2C

  • Redmi has launched two new audio products in India.
  • The devices are the Redmi SonicBass neckband earphones and the Redmi Earbuds 2C.
  • Expect to pay promotional pricing of under ~$20 each for the products.

Whether it’s smartphones, laptops, or wearables, Xiaomi’s Redmi sub-brand is well-known for delivering excellent value for money for the most part. The firm is definitely living up to that ethos with its latest audio announcements for India.

Xiaomi’s brand has launched the Bluetooth 5-toting Redmi SonicBass wireless earphones and Redmi Earbuds 2C. Starting with the former product, you’re looking at a neckband design with magnetic earbuds and an IPx4 rating for splash- and sweat-proof design.

The SonicBass earphones also offer dual pairing functionality, dual mics with noise cancellation, a multi-function button, and up to 12 hours of music playback (taking two hours to charge via microUSB). Check out the design below.

Redmi SonicBass earphones

Meanwhile, the Redmi Earbuds 2C

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Natarajan Chandrasekaran wearing a suit and tie


© Provided by Quartz


From Flipkart versus Amazon to Uber versus Ola, and even Swiggy versus Zomato, India’s internet has so far been a battleground for young local startups and global tech giants—either fighting each other or among themselves.

But suddenly, legacy Indian businesses seem to have woken up to the online opportunity—and how.

The over 150-year-old Tata Group is reportedly developing a “super app” that would bring all its offerings—that include food and grocery, fashion and lifestyle, electronics, insurance, financial services, education, healthcare, and utilities—together on a single platform. The group is hoping to launch the app by January 2021, Tata Sons chairman Natarajan Chandrasekaran told Financial Times in August.

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Meanwhile, Reliance Industries, the nearly 50-year-old oil-to-telecom major, has this year made massive investments in the internet space, besides bringing on investors such as Facebook and Google. The company, owned by India’s richest man Mukesh Ambani, is

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Mobile cryptocurrency wallet BRD announced today that it now has more than six million users worldwide, thanks to strong growth in India and Latin America. With this momentum, the company expects to reach 10 million users by early 2021.

Founded in 2015, Zurich-based BRD also said it now adds about one million new users every two months, after initially taking more than four years to hit the one million user mark. It reached 550,000 monthly active users at the beginning of July. Co-founder and chief executive officer Adam Traidman attributes the increased interest in cryptocurrency, especially among first-time users, to the COVID-19 pandemic.

“It’s causing a lot of people who are staying at home and sheltering in place to reconsider a lot of fundamental questions about their life and family right now,” he told TechCrunch. “It’s causing a lot of thinking about money and finances. People have had a lot

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Mukesh Ambani wearing a suit and tie


© Provided by Quartz


After telecom and e-commerce, India’s richest man has now put his weight behind artificial intelligence (AI).

Mukesh Ambani, chairman of India’s most valued private company Reliance Industries, believes that AI is “indispensable” to India for achieving its “digital destiny.”

“The time is ripe, and the tools are ready to make India a world leader in artificial intelligence, and to make AI work for all Indians,” Ambani said at the Responsible Artificial Intelligence for Social Empowerment summit (RAISE 2020) yesterday (Oct. 5).

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The 63-year-old second-generation businessman, who has started dabbling in all things internet over the last few years, said AI could help India achieve its goals across economic growth, agriculture modernisation, affordable healthcare, and world-class education.

Ambani’s push for AI comes at a time when his digital business vertical, Jio Platforms, has been emerging as one of the youngest and fastest-growing tech firms in

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Google Play Store on smartphone stock photo 1

i

  • Google is delaying its plans to charge a 30% mandatory Play Store commission in India.
  • The company’s decision seems like a reaction to the retaliation from Indian startups.
  • Indian payments startup Paytm has already launched a rival app store with some popular apps.

Google is deferring its controversial new Play Store billing policy in India to March 31, 2022. The new rules stop apps from circumventing Google’s payment system and are scheduled to come into effect globally from September 21. They will ensure Google gets its 30% commission on all paid apps and in-app purchases.

In its latest blog post, Google says that it’s setting up listening sessions and policy workshops with leading Indian startups. The internet giant is also extending the time for developers in India to integrate the Google Play billing system so they can implement a UPI payment option. UPI is a unified payment system in

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a person cooking in a kitchen preparing food


© Provided by Quartz


India has never been a big market for home automation products such as vacuum cleaners and dishwashers thanks to the easy availability of cheap domestic labour. But the Covid-19 pandemic is changing that.

As millions of Indians juggle office work from home and household chores without dependence on domestic helpers—to avoid exposure to coronavirus—dishwasher sales in the country have picked up like never before.

“We have witnessed significant growth in the demand for dishwashers across cities to the tune of 230% over the pre-lockdown period (before March 25) as an increasing number of consumers opt for home automation products to save on time,” a spokesperson of Walmart-owned Flipkart told Quartz. “The 12 place dishwashers have been the most popular in the category.”

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Amazon India has seen a five-fold increase in search queries for dishwashers over the last few months, and customers in Bengaluru, Hyderabad,

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