india

WazirX to ‘socialize’ $230 million security breach loss among customers

Cypto /

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised […]

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Google Maps adds features to improve navigating flyovers and narrow roads in India

Apps /

Google Maps is rolling out new features in India using AI to help drivers navigate easily through flyovers and narrow roads in the world’s most populous country, with enormous roads with obstructions and several flyovers to deal with traffic congestion. On Thursday, Google announced that it had built an AI model specifically for Indian roads

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Jio partners with Taiwan’s MediaTek to tap into two-wheeler EV market

Transportation /

India conglomerate Jio has partnered with Taiwanese fabless semiconductor giant MediaTek to supply the booming electric scooter market with digital dashboards. The partnership, which was announced Thursday at an industry event in New Delhi, will bring chips supplied by MediaTek and an Android-based operating system along with hardware developed by Jio to electric scooters in

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Hacker claims theft of Piramal Group’s employee data

Security /

A hacker claims to be selling data relating to thousands of current and former employees of the Indian conglomerate Piramal Group, a multinational company that operates across pharma, financial services and real estate. In a listing on a known cybercrime forum last week seen by TechCrunch, the pseudonymous threat actor published a small portion of

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You can now track and manage bank transactions with CRED

Fintech /

CRED, an Indian fintech startup, has rolled out a new feature that will help its customers manage and gain deeper insights into their cash flow, as startup seeks to drive engagement by providing much-needed personal finance tools.  Known primarily for its credit card bill payment and consumer lending service, the Bengaluru-based startup is venturing into

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India scraps ‘angel tax’ in boost to startups

Startups /

India’s federal government has removed the controversial “angel tax” for all classes of investors, delivering a major victory to the country’s startup ecosystem that had lobbied for years against the measure. “To bolster the India startup ecosystem, to boost entrepreneurial spirit and support innovation, I propose abolishing angel tax for all classes of investors,” Finance

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India’s Swiggy turns its Minis service for small businesses into a link-in-bio landing page

Commerce /

Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses: Swiggy Minis, its Shopify alternative for small businesses, is being turned into a link-in-bio service that will now also cater to service providers like nutritionists and fitness trainers. In its new avatar, Swiggy Minis will act as a landing page

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WazirX halts trading after $230 million hit to crypto exchange

Cypto /

WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral ratio with assets,

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Mitti Labs aims to make rice farming less harmful to the climate, starting in India

Climate /

Rice is the staple crop of more than half of the world’s population. Demand is growing with the rising population in South and Southeast Asia. However, a significant portion of rice farming still relies on traditional cultivation methods that lead to substantial methane emissions, which are a major contributor to climate change — methane is

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