Tag: India

Social Platforms Face Challenges in Business Development in India

Over the last decade, India has become a key focus for many social apps. The second most populous nation in the world, India offers reach to more than a billion potential new users in its own right, and its fast evolving digital economy could, and should, provide significant potential for social platforms, especially those that [...]read moreSocial Platforms Face Challenges in Business Development in India

Meta AI is restricting election-related responses in India

Last week, Meta started testing its AI chatbot in India across WhatsApp, Instagram, and Messenger. But with the Indian general elections beginning today, the company is already blocking specific queries in its chatbot. Meta confirmed that it is restricting certain election-related keywords for AI in the test phase. It also said that it is working [...]read moreMeta AI is restricting election-related responses in India

India scrambles to curb PhonePe and Google’s dominance in mobile payments

The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem. NPCI executives plan to [...]read moreIndia scrambles to curb PhonePe and Google’s dominance in mobile payments

Swiss watch brands making time for India

By AFP Published Apr 16, 2024 Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports. While some brands are already in the starting blocks, others are waiting to see whether India will become a new land [...]read moreSwiss watch brands making time for India

Google Wallet appears in India, with local integrations, but Pay will stay

Google Wallet will finally launch in India — nearly two years after its relaunch as a digital wallet platform in the U.S. — according to a preview of the app that the company accidentally posted on the Google Play store in the country. After TechCrunch spotted the listing for the app — which will let [...]read moreGoogle Wallet appears in India, with local integrations, but Pay will stay

WhatsApp trials Meta AI chatbot in India, more markets

WhatsApp is testing Meta AI, its large language model-powered chatbot, with users in India and some other markets, signalling its intentions to tap the massive user base to scale its AI offerings. The company recently began testing the AI chatbot, until now available in limited markets including the U.S., with some users in India, many [...]read moreWhatsApp trials Meta AI chatbot in India, more markets

Avendus, top India venture advisor, seeks $300 million for new PE fund

Avendus, India’s leading investment bank for venture deals, is looking to raise about $300 million for its private equity unit, according to three sources familiar with the matter. The Mumbai-based firm, backed by U.S. private equity giant KKR, has established itself as the top financial advisor in India, working with popular growth-stage startups including Zepto, [...]read moreAvendus, top India venture advisor, seeks $300 million for new PE fund

Amazon quietly launches Bazaar to sell fast-fashion and lifestyle products in India

Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products, as it ramps up efforts against Walmart-owned Flipkart and Reliance’s Ajio, which have made deeper inroads in the Indian fast-fashion market. The world’s largest e-commerce firm has rolled out the new store on its India Android [...]read moreAmazon quietly launches Bazaar to sell fast-fashion and lifestyle products in India

X Expands Community Notes to India Ahead of Upcoming General Election

X (formerly Twitter) has announced another expansion of its Community Notes crowd-sourced fact-checking program, with users in India now able to sign-up to contribute notes in the app. Welcome new contributors in ????????India ???? Our first contributors are joining today, and we’ll be expanding over time. As always, we’ll monitor quality to ensure that notes [...]read moreX Expands Community Notes to India Ahead of Upcoming General Election

Tesla making RHD cars in Germany for export; RM9.5 billion manufacturing plant in India planned

Tesla has started producing right-hand-drive cars at its Berlin, Germany plant for export to India later this year, while a team from the electric carmaker is expected to visit India this month to explore potential sites for a manufacturing plant in the country that would need an investment of around US$2 billion (RM9.48 billion), Reuters [...]read moreTesla making RHD cars in Germany for export; RM9.5 billion manufacturing plant in India planned