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Walmart looking to sell TVOD service Vudu

Walmart is eyeing to sell its Vudu transactional video-on-demand service and as per the sources , Walmart is mulling a sale as the video streaming market in the US becomes more competitive, with the launch of multiple new SVOD and AVOD offerings including Apple TV+, Disney+, HBO Max and NBC Universal’s Peacock. The TVOD model is also increasingly seen as being overtaken in popularity by subscription streaming, according to the The Information....

Government considering censorship of online streamers

Streamers like Netflix and Amazon are facing the threat of censorship in India, as per the report. Netflix is looking to India for its next phase of growth because of India’s internet revolution, as well as competitive pressures and slowing growth in the US market. ...

The race to OTT

The OTT market is predicted to be worth US$159 billion by 2024, according to Digital TV Research, OTT was on the tip of tongues all around the RAI. What is increasingly apparent is that OTT offerings are no longer an exceptional add-on to an operator’s main service; they are the norm – and those who lack any form of OTT product are going to fall behind in the near future....

ElasticRun receives $40 million fund

A logistic startup, ElasticRun, based out of Pune, has raised a fund of $40 million, led by Prosus Ventures (formerly Naspers Ventures) with participation from existing investor Avataar Ventures and Kalaari Capital. ...

Commvault opens its new office in Pune as a part of its expansion plans

Commvault has announced the expansion of its global and Indian business operations with a new office in Pune, India. The investment in the rapidly evolving business and technology incubation hub underlines Commvault’s commitment to product development in a location containing world leading talent in filesystem, SaaS and data management skill sets, to drive growth of the Indian and global solution development and implementation expertise....

Qoo10 acquires ShopClues in an all-stock deal

Singapore-based e-commerce platform Qoo10 has acquired ShopClues in an all-stock deal, bringing to an end a prolonged hunt by the Indian e-tailer for a buyer....

RBI orders probe on reports of 13 lakh credit and debit card holders being in risk

The Reserve Bank of India (RBI) has swung into action to safeguard the interests of affected Indian customers, after reports surfaced of a debit and credit card details selling online. If reports are true, this would mean a massive risk of privacy of 13 lakh Indian credit and debit card users....

Changing the world: innovations and better life for future generations:World Cities Day

The general theme of World Cities Day is to maintain a Better City, Better Life, while each year a different sub-theme is selected, to either promote successes of urbanization, or address specific challenges resulting from urbanization....

Jio writes to COAI, disagrees its stand taken on two leading telecom players

Telecom major Reliance Jio Infocomm Ltd (RJIL) wrote to the Cellular Operators Association of India (COAI) on Wednesday, condemning of a serious breach of trust and alleging the industry body of trying to “exploit the legitimate pay-out obligations to create an alarmist propaganda for the doom of telecom sector in the country”....

Digital banking to bring revolution in the Finance Sector

With the continued growth of digital banking and the entry of new virtual and neo banks in Asia, there is a great need to extend the platform to cover the ability to identify people who don’t walk into a branch and authenticate transactions that have grown across many channels. ...