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Economics at ndtv.com

Thursday, Feb 17

11

Reliance Jio Lost Most Wireless Subscribers in December 2021 as Airtel, BSNL Gained: TRAI

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Reliance Jio registered a loss of over 12.9 million wireless subscribers in December 2021, though it still had the maximum market share at 36 percent, according to a report by TRAI. Bharti Airtel registered 30.81 percent market share after…

10

Twitter Finally Adds Ethereum Wallet Support to Send and Receive Tips

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Twitter enabled Bitcoin as the first cryptocurrency payment option available for its tip jar feature in September 2021. The social media platform has now added a slew of fresh payment services to these existing tipping options, including…

New York Stock Exchange Goes Bullish on Crypto, Metaverse, NFT Plans; Files for Permits

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The New York Stock Exchange (NYSE) has filed for permits regarding its future plans of functioning as a crypto exchange as well as a metaverse-supporting NFT marketplace. The world’s largest stock exchange by market cap also plans on…

08

Uber Passengers Can Now See How Drivers Have Rated Them

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Uber has announced that riders can now see a breakdown of ratings they receive from their drives and find reasons for those 1-star ratings.

07

Bitcoin, Ether Prices See Little Price Movement While Major Altcoins Register Mixed Day of Trade

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Bitcoin has continued stably over the week although bulls have struggled to carry on the upward price push beyond the $45,000 (roughly Rs. 34 lakh) mark as investors remain cautious of more January-like volatility.

Nvidia, Jaguar Land Rover Ally in Vehicle Software Arms Race

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Nvidia has come onboard to develop computer brains and nervous systems for Jaguars and Land Rovers launching in 2025 and beyond.

Colorado May Allow Tax Payments in Cryptocurrency Starting This Summer, Says Governor

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Jared Polis, the governor of Colorado has revealed plans of enabling tax payments in cryptocurrencies, starting this summer. The crypto assets will not be held by the US state, but will be converted into Dollars via an undisclosed…

Tesla Sued Over Alleged Suspension Failure in Fatal US Crash

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A case has been filed against Tesla for over an alleged suspension failure in a crash that killed the driver and a passenger in Florida last year and sparked a federal probe.

06

Apple Shareholders Urged to Vote Against CEO Tim Cook's Swelling Bonus

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Apple CEO Tim Cook’s remuneration is being questioned proxy advisory firm Institutional Shareholder Services (ISS), which has urged Apple investors to vote against the CEO’s bonus citing concerns around the magnitude and structure of his…

Spotify Acquires Podsights and Chartable to Advance its Podcasting Business

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Spotify announced on Thursday that it has acquired Podsights and Chartable, two services that provide greater insights for advertisers and podcasting publishers.

Wednesday, Feb 16

15

Russia-Linked Hackers Bagged $400 Million in Crypto From Ransomware Attacks, Reports Chainalysis

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A study by crypto analytics firm Chainalysis finds that Russia-linked hackers was associated with majority of crypto-ransomware invasions, siphoning the equivalent of $400 million (roughly Rs. 3,005 crore) in stolen funds to illicit…

14

Crypto Risks Require Preparation of a Global Response, Say Regulators

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The $2.6 trillion (roughly Rs. 1,95,17,320 crore) crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog for the G20 economies…

Crypto Regulations Get Fine-Tuned in Belarus, President Lukashenko Orders Crypto Wallet Registry

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Belarus, where crypto activities like mining and trading is legalised, is taking measures to curb misuse of crypto assets. Belarusian President Alexander Lukashenko has directed his government to create a register for crypto wallets which…

13

Facebook Parent Meta Agrees to Pay $90 Million to Settle Privacy Lawsuit Over User Tracking

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Facebook parent Meta will pay $90 million (roughly Rs. 675 crore) to settle a decade-old lawsuit concerning accusations of unlawful user tracking via the use of cookies.

11

JP Morgan Launches Virtual 'Onyx' Lounge Within Decentraland, Releases Paper Discussing Web3 Potential

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JP Morgan has become the first major banking giant to establish itself in the Metaverse by opening a lounge in Decentraland, an Ethereum-based metaverse created based on blockchain technology.

10

Twitter Adds Paytm Integration for Person-to-Person Tips Feature: All You Need to Know

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Twitter has announced support for Paytm as a payment provider for its Tips feature, allowing users to receive and send funds to each other using the payment platform. With the addition of Paytm support for Tips, users can make payments…

Meta Closes Kustomer Deal After Regulatory Approval

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Meta Platforms said on Tuesday it had closed its acquisition of Kustomer, a US customer service startup, after winning conditional EU antitrust approval for the deal last month.

ViacomCBS Changes Name to Paramount to Boost Streaming Future

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ViacomCBS missed Wall Street profit forecasts on Tuesday as the company announced it will change its name to Paramount and unveiled a broad range of new programming in the battle for viewers in the crowded streaming market.

09

InMobi's Roposo in Discussions for Social Commerce Venture With Reliance Retail

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Digital technology firm InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said on Tuesday.

08

Huawei Premises in India Raided by Income Tax Department in Tax Evasion Investigation

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Huawei offices and other premises in India have been raided by the Income Tax department as part of a tax evasion case.

Fortnite Brings Gyro Controls to PS5, PS4, and PC, Introduces New Flick Stick Controls With Latest Update

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Fortnite has added added support for gyroscope-based aiming and motion controls for PS5, PS4 and PC gamers, as part of the 19.30 update. Gamers will be able to use new flick stick controls to reorient themselves with a flick of the…

Bank of Russia Successfully Begins Trials of Its CBDC Named 'Digital Ruble'

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The central bank of Russia has officially started pilot tests of its 'Digital Ruble', according to an announcement, as the bank confirmed that the first Central Bank Digital Currency (CBDC) transfers among Russian citizens had been…

07

Bitcoin, Ether Start Strong on Price Chart Leading Majority Cryptocurrencies Into Gains

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Bitcoin and Ether registered minor but substantial gains ushering majority altcoins up the price ladder. Binance Coin, Cardano, and Ripple emerged as gainers, whereas Tether saw losses.

Nothing Phone Launch Teased by Founder Carl Pei in Cryptic Tweets

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Nothing phone launch has been teased by founder Carl Pei in a series of cryptic tweets. The tweets received responses from official Android and Snapdragon accounts. The Nothing phone is rumoured to launch sometime early this year.

06

Discord Outage Hits Thousands, Company Says 'Rolled Back Problem'

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Discord announced that it had “rolled back problem” shortly after the service, popular with gamers, went down on Tuesday. Over 44,000 users reported the outage on downdetector.com, a website that tracks outages by collating status reports…

Tuesday, Feb 15

14

Crypto Startup BlockFi Stops Opening New High-Yield Bitcoin Accounts After Record $100 Million US SEC Settlement

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Crypto startup BlockFi agreed to pay $100 million (roughly Rs. 755 crore) to settle allegations from the SEC and state regulators that it illegally offered a product violating securities law.

Tesla Accused of Exaggerating Mileage of Its Electric Cars, South Korea to Investigate

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Tesla has been accused in South Korea of exaggerating the mileage of its electric vehicles (EVs) in South Korea, including the Model 3.

11

Warren Buffet's Berkshire Bought Activision Shares Nearly Worth $1 Billion Right Before Microsoft Took Over

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Warren Buffett’s Berkshire Hathaway had acquired Activision shares nearly worth $1 billion (roughly Rs. 7,540 crore) right before Microsoft announced the acquisition of the Call of Duty maker.

WazirX Co-Founder Siddharth Menon, SuperGaming Launch Web3 Game Ecosystem Marketplace 'Tegro'

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WazirX Co-Founder and Chief Operating Officer Siddharth Menon and Indian game developer SuperGaming on Tuesday launched Tegro as their end-to-end Web3 game ecosystem marketplace. The marketplace will create standalone markets for gamers,…

Western Digital WD Black SN770 NVMe SSD With 5.1GBps Read Speeds Launched in India

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Western Digital has launched the WD Black SN770 NVMe SSD in India, aimed at gamers who need high performance. The new NVMe SSD uses the PCIe Gen4 connector on modern motherboards, with up to 5.1GBps read speeds. The NVMe SSD drives are…