Shipments of iPhone made in India surged 162% in value terms

Shipments of iPhone made in India surged 162% in value terms

India’s ongoing efforts to boost local manufacturing of iPhone devices seem to have paid off to some extent, as the locally-manufactured iPhone shipments grew 162% year-on-year by value in 2022, according to Counterpoint. On Tuesday, the market research firm said that Apple now captures 25% of the total value of the smartphone market in India […]

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India probing ‘several’ crypto cases for money laundering, seizes over $115 million

India probing ‘several’ crypto cases for money laundering, seizes over $115 million

India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions. The Indian crime fighting agency has […]

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Indian startup Yes Madam exposed sensitive data of customers and gig workers

Indian startup Yes Madam exposed sensitive data of customers and gig workers

Indian at-home salon platform Yes Madam exposed the sensitive data of its customers and gig workers due to a server-side misconfiguration. The Noida-based Yes Madam operates in over 30 cities in the country, according to the firm’s website. The platform offers salon services at home, including therapies, massage, spa, and male grooming. Yes Madam’s mobile […]

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Indian social media app Slick exposed childrens’ user data

Indian social media app Slick exposed childrens’ user data

Emerging Indian social media app Slick left an internal database containing users’ personal information, including data of school-going children, publicly exposed to the internet for months. Since at least December 11, a database containing full names, mobile numbers, dates of birth, and profile pictures of Slick users was left online without a password. Bengaluru-based Slick […]

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Sophos to lay off 450 employees globally

Sophos to lay off 450 employees globally

Sophos is laying off about 10% of its global workforce, TechCrunch has learned. Sophos confirmed the layoffs in an email to TechCrunch. “Sophos today announced an internal restructuring which has resulted in job losses and the start of consultation periods that potentially will affect 10% of our global employee base,” said Jitendra Bulani, a spokesperson […]

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Google consolidates its Chrome and Android password managers

India’s antitrust order will stall Android’s progress in the country, Google warns

Google has warned that growth in the use of Android in India may stall due to an antitrust order issued by the Indian antitrust watchdog last year over the U.S. company’s domination in the country. The order, which was issued by the Competition Commission of India (CCI) in September, found that Google had abused its […]

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Microsoft launches new security services aimed at protecting code in the cloud

Microsoft partners with India space agency to work with startups

Microsoft plans to collaborate with the Indian space agency to give Indian space tech startups free access to cloud tools, the two said Thursday, the latest in the U.S. tech giant’s attempts to deepen its ties with young firms in the South Asian market. As part of a memorandum of understanding that Microsoft has signed […]

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India’s central bank wants to ban cryptocurrencies, government says

India’s crypto tax pushing traders to foreign exchanges

India’s tax rules on crypto, which went into effect last April, has resulted in local exchanges ceding the lion’s share of the market to those operated by foreign players, according to a new report. Binance, Coinbase and other foreign exchanges commanded 67.6% of the crypto market share in India as of October 2022, up from […]

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India to explore prohibition of unbacked crypto in its G20 presidency

India to explore prohibition of unbacked crypto in its G20 presidency

India said on Thursday that under its ongoing G20 presidency, it will prioritize the development of a framework for global regulation of unbacked crypto assets, stablecoins and decentralized finance and will explore the “possibility of [their] prohibition” in a potentially large setback for the nascent industry. India began its year-long presidency of the Group 20 […]

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