Judge declines to block Elon Musk $1 million voter giveaway as billionaire seeks to move case

A Pennsylvania state judge delays a lawsuit to stop Elon Musk's $1 million voter giveaway, which supports Donald Trump. District Attorney Larry Krasner seeks to halt the giveaway, alleging it is an illegal lottery scheme. Musk faces criticism for potentially influencing the upcoming election.

from Tech-Economic Times
via IFTTT

Silver lining amid funding winter: IT firms acquiring Indian startups, smaller firms

Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when technology spending, especially in discretionary spends, returns, say analysts.

from Tech-Economic Times
via IFTTT

Cognizant Q3 profit up 2.8% sequentially; full year guidance revised up

The Nasdaq-listed technology major saw its third quarter revenue growing by 4% sequentially at $5 billion. On a year-on-year (YoY) basis, the revenue was up 3%.

from Tech-Economic Times
via IFTTT

Payments firms slash cashbacks, incentives on funding drought

Consumer payment companies like PhonePe, Paytm, Amazon Pay, and Cred have significantly reduced their marketing expenditures and customer incentives, reflecting a maturing digital payments market in India. This trend indicates a shift from aggressive customer acquisition strategies to a more sustainable approach focused on profitability.

from Tech-Economic Times
via IFTTT

Country Delight raises Rs 200 crore in debt from Alteria Capital

Earlier this year, it raised around Rs 164 crore in equity funding from Singapore’s sovereign fund Temasek, giving it a valuation of $804 million as of July 31. The direct-to-consumer fresh foods brand will use the fresh funds to drive its expansion, brand marketing efforts and capacity addition.

from Tech-Economic Times
via IFTTT

New rules on data protection likely to be notified soon

During a meeting earlier this month with various industry stakeholders, the Ministry of Electronics and Information Technology (MeitY) made efforts to iron out concerns about potential business disruptions once the rules are issued, a senior official told ET.

from Tech-Economic Times
via IFTTT

Catwalk goes canine in this festival season pet gala

The evolving pet parenting culture in India is driving a surge in the pet fashion market. This festive season, sales of pet fashion items like sherwanis, kurtas, lehengas, and accessories have doubled. Brands are competing for a share of this growing market, which is expected to reach Rs 500 crore in the next five years.

from Tech-Economic Times
via IFTTT