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<ul><li><a href="https://www.businessinsider.in/business/startups/news/logistics-startup-delhivery-files-for-a-nearly-1-billion-ipo/articleshow/87481889.cms" data-type="tilCustomLink"></a><keyword id="696009" type="General" weightage="20" keywordseo="policybazaar" source="Orion">PolicyBazaar</keyword> launched its public issue on November 1, at a price band of ₹940-₹980.</li><li>Investors have bid for 5.47 crore shares from 3.45 crore shares open for subscription.</li><li><keyword id="11111226" type="General" weightage="20" keywordseo="pb-fintech" source="Orion">PB Fintech</keyword> intends to raise ₹5,709 crore at a valuation of $6.1 billion (₹45,500 crore).</li></ul>The initial public offering (IPO) of PB Fintech — the parent company of insurance selling platform PolicyBazaar and lending platform PaisaBazaar — has been subscribed by 1.59 times in the first two days of its initial public offering (IPO). PolicyBazaar, which intends to raise ₹5,709 crore at a valuation of $6.1 billion (₹45,500 crore), launched its public issue on November 1 and today is the last date to subscribe. The shares are available at a price band of ₹940-₹980. The lot size has been set up at 15 shares, taking the value of one lot to ₹14,700. Overall, investors have bid for 5.47 crore shares from 3.45 crore shares open for subscription. Retail investors subscribed to PolicyBazaar’s IPO 2.04 times. Qualified institutional buyers (QIB) have subscribed to the Policybazaar’s IPO by 2.08 times and non-institutional investors have subscribed 23%. Overall, the IPO was subscribed 1,59 times. <div type="Video" msid="87578802" hostid="261" title="Here's why Policybazaar founders chose to go public" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=87578802"></div> According to <a href="https://www.livemint.com/market/ipo/policybazaar-ipo-gmp-subscription-status-other-details-should-you-subscribe-11635732095036.html">reports</a>, <keyword id="12401663" type="General" weightage="20" keywordseo="policybazaar-shares" source="Orion">Policybazaar shares</keyword> are available at a premium of ₹150 in the grey market. You can easily <a href="https://www.businessinsider.in/business/startups/news/policybazaar-ipo-will-open-today-here-is-how-to-apply-via-bank-and-apps-like-zerodha-paytm-money/articleshow/87370279.cms">apply to the Policybazaar IPOs </a>via mobile applications of new age investment platforms like Zerodha, Paytm, Upstox and others. PolicyBazaar’s IPO will include fresh issue of ₹3,759 crore and an offer for sale (OFS) of ₹1,959 crore from existing investors. According to PB Fintech’s red herring prospectus (RHP), the company will use ₹1500 crore of the proceeds to create brand awareness for PolicyBazaar and PaisaBazaar. Besides this, PolicyBazaar will also invest an additional ₹600 crore on funding strategic investments and acquisition. The company will also invest capital to grow its user base both online and offline as well as build its presence online. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/logistics-startup-delhivery-files-for-a-nearly-1-billion-ipo/articleshow/87481889.cms" data-type="tilCustomLink">Logistics startup Delhivery files for a nearly $1 billion IPO</a> <a href="https://www.businessinsider.in/finance/banks/news/former-sbi-chairman-pratip-chaudhuris-arrest-will-lead-to-policy-paralysis-say-experts/articleshow/87482347.cms" data-type="tilCustomLink">The arrest of former SBI chief Pratip Chaudhuri may prevent bankers from making any risky decisions, say experts</a> <a href="https://www.businessinsider.in/business/telecom/news/elon-musk-owned-starlink-forms-subsidiary-in-india-will-soon-apply-for-licenses/articleshow/87480590.cms">Elon Musk-owned Starlink forms subsidiary in India, will soon apply for licenses</a>

PolicyBazaar IPO — Today is the last day to subscribe, grey market premium at ₹150

<ul><li><keyword id="18635" type="ORGANIZATION" weightage="100" keywordseo="Amazon">Amazon</keyword> led a new round of funding for <keyword id="4943836" type="LOCATION" weightage="20" keywordseo="Acko">Acko</keyword>, a digital insurance startup.</li><li>Acko’s main competition comes from sites like PolicyBachat, PolicyBazaar and Easypolicy. </li><li>Flipkart, Amazon’s primary challenger in the Indian market, has its own insurance portal called Sabin Advisors. </li></ul>After losing out on its offer to buy 60% stake in Flipkart, Amazon continues undeterred with its investments in India. The company is restarting its efforts by investing in Acko, a digital insurance startup based in the country. In its new round of funding, Acko managed to raise ₹809 million ($12 million) and also brought on a new investor, Ashish Dhawan, the founder of a private equity firm called ChrysCap. Reports of the US retail giant backing the startup have been <a href="https://tech.economictimes.indiatimes.com/news/internet/amazon-may-back-online-insurance-startup-acko/62322035">brewing</a> since January this year. Earlier, it was speculated that Amazon would come on board as a part of a new financing round of a total of ₹1 billion ($15 million). The actual amount may not be the complete billion, but it does bring Acko’s grand total up to ₹2.8 billion ($42 million). Not to mention, it’s the <a href="https://tech.economictimes.indiatimes.com/news/startups/amazon-leads-12m-funding-round-in-acko/64342454">first</a> investment by Amazon in India’s insurance sector. Founded by <keyword id="3064929" type="ORGANIZATION" weightage="20" keywordseo="Varun-Dua">Varun Dua</keyword>, one of the co-founders of Coverfox (an insurance comparison site), Acko’s main <a href="https://www.owler.com/company/ackogeneralinsurance#competitors">competition</a> comes from sites like PolicyBachat, PolicyBazaar, Easypolicy and PolicyX.com. At this point, they’re all generating more revenue than Acko. To its credit, it did <a href="https://www.owler.com/reports/acko/acko--ola--acko-partner-to-create-in-trip-insuranc/1522914840916">partner</a> with <keyword id="6354720" type="PERSON" weightage="20" keywordseo="ola">Ola</keyword> in April earlier this year to provide an ‘in-trip insurance’ program. Regardless of whether users chose to ride a cab, auto or e-rickshaw, users could opt-in for insurance that would cover the loss of property, medical expenses, ambulance transportation cover etc. The company claimed it was the first of its kind. In the future, it’s <a href="https://tech.economictimes.indiatimes.com/news/startups/amazon-leads-12m-funding-round-in-acko/64342454">possible</a> that Amazon is looking to bring those financial products to retail consumers as well. That’s probably one of the reasons why Flipkart was <a href="https://www.thenewsminute.com/article/amazon-talks-invest-rs-100-crore-online-insurance-startup-acko-technologies-74073">interested</a> in investing in Acko as well, but the deal seems to have landed in Amazon’s lap instead. That isn’t to say that Flipkart isn’t getting into insurance as well. The company was recently acquired by <keyword id="80487" type="ORGANIZATION" weightage="20" keywordseo="walmart">Walmart</keyword>, and had earlier <a href="https://www.thehindubusinessline.com/info-tech/flipkarts-bansals-diversify-kick-off-new-venture-sabin-advisors/article10007641.ece">set up</a> its own insurance business and venture capital funding called ‘Sabin Advisors’ in December, last year. Acko already has backers like Catamaran Ventures, Hemendra Kothari of <keyword id="83987" type="ORGANIZATION" weightage="20" keywordseo="DSP-Blackrock">DSP Blackrock</keyword> and Accel Partners, among others. The plan is that the company’s interface will completely be online, but for insurance claims there will operate offline centres.

Amazon invests $12 mn in Indian insurance start-up Acko

After several companies and brands abused <keyword id="6355629" type="General" weightage="80" keywordseo="google" source="Orion">Google</keyword> Messages' <keyword id="6389670" type="General" weightage="100" keywordseo="rcs" source="Orion">RCS</keyword> (Rich Communication Services) feature in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> to bombard users with multiple ads without their consent, the tech company has decided to turn off RCS ads functionality in the country. According to The Verge, Google has confirmed to disabled the feature in India. "We are aware that some businesses are abusing our anti-spam policies to send promotional messages to users in India. We are disabling this feature in India while we work with the industry to improve the experience for users," a company spokesperson said in a statement late on Wednesday. Last month, multiple users took to social media platforms that RCS ads in Google Messages appear to be coming from "Verified Business" accounts and the frequency of such ads has picked up over the last few months in the country. The users reported a deluge of ads, primarily related to personal loans, gambling companies and life insurance. Multiple reports said that the problem has been around for about a year, and "complaints appear to be coming overwhelmingly from users based in India". "The trend initially blew up with <keyword id="46013" type="General" weightage="50" keywordseo="kotak-mahindra-bank" source="Orion">Kotak Mahindra Bank</keyword>, <keyword id="85462" type="General" weightage="50" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword>, Buddy Loan, and PolicyBazaar have turned out to be the biggest offenders," the reports claimed. While several brands globally use messaging apps and SMS texts to advertise new products, these ads going on in India "are not necessarily the result of a user's buying activity," the reports noted. The RCS upgrades SMS with branding, rich media, interactivity and analytics. With RCS, businesses can bring branded, interactive mobile experiences, right to the default messaging app. According to Google, millions of businesses rely on SMS to communicate with mobile consumers. RCS Business Messaging upgrades SMS with branding, rich media, interactivity, and analytics. With RCS, businesses can bring branded, interactive mobile experiences, right to the native <keyword id="6355645" type="General" weightage="50" keywordseo="android" source="Orion">Android</keyword> messaging app.

Google disables RCS ads functionality in India after brands abuse the feature against users consent

<keyword id="6354616" type="UNKNOWN" weightage="20" keywordseo="Twitter">Twitter</keyword> has announced a new and improved version of <keyword id="323288" type="COMPANY" weightage="20" keywordseo="TweetDeck">TweetDeck</keyword>, and is testing new features with a small group of users in the US, Canada and Australia. <keyword id="11687360" type="UNKNOWN" weightage="20" keywordseo="tweekdeck">TweekDeck</keyword> is a social media dashboard which many Twitter users are not aware of, and the company may turn its into a new <keyword id="2449728" type="PERSON" weightage="20" keywordseo="subscription-service">subscription service</keyword> in the near future. The new features in TweetDeck include "a full Tweet Composer, new advanced search features, new column types, and a new way to group columns into clean workspaces," Twitter Product Lead Kayvon Beykpour said in a tweet on Tuesday. The company has rolled out a preview of the new and improved version of TweetDeck to a limited number of accounts, with enhanced functionalities. "We're testing this preview with a small group of randomly-selected people in the United States, Canada, and Australia to start. If you're eligible, you'll see an invitation within TweetDeck to opt in," Twitter announced. TweetDeck allows users to follow someone from multiple accounts. You can also follow someone by clicking follow on their profile, but only your default account will follow them. TweetDeck offers a more convenient Twitter experience by letting you view multiple timelines in one easy interface, according to the company. It includes a host of advanced features to help get the most of Twitter: Manage multiple Twitter accounts, schedule Tweets for posting in the future, build Tweet collections, and more. TweetDeck is currently available at tweetdeck.com or the <keyword id="62949" type="PERSON" weightage="20" keywordseo="MaC">Mac</keyword> app store. SEE ALSO - <a href="https://www.businessinsider.in/business/news/policybazaar-plans-to-raise-close-to-870-million-through-its-ipo-at-a-likely-valuation-of-3-5-billion/articleshow/84606274.cms">PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-and-galaxy-z-flip-foldable-smartphones-launching-on-11-august/articleshow/84606447.cms">Samsung to unveil Galaxy Z Fold and Galaxy Z Flip foldable smartphones at its August 11 Galaxy Unpacked event</a>

Twitter rolls out a new version of TweetDeck, may turn it into a subscription service

<ul><li><keyword id="6355629" type="DEFINITION" weightage="20" keywordseo="google">Google</keyword> <keyword id="440912" type="COMPANY" weightage="20" keywordseo="Maps">Maps</keyword> will now show transit crowdedness predictions in more countries.</li><li>It will also show live transit crowdedness at the transit level.</li><li>Android users also get some exclusive features. </li></ul>Google has added new features to Maps that are aimed at helping people adjust to the new normals. Google is expanding transit crowdedness predictions to more transit agencies. It is also offering live crowdedness information in select cities. <a href="https://www.businessinsider.in/tech/news/google-maps-adds-real-time-bus-arrival-times-for-delhi-commuters/articleshow/84408946.cms">Google Maps</a> is also getting a new feature that should help users manage their commuting time better. Google in a<a href="https://blog.google/products/maps/grab-seat-and-be-time-new-transit-updates-google-maps/?_ga=2.253480841.100386329.1625605750-1298931660.1611775847"> blog post</a> highlighted that transit directions on Maps are increasing 50% compared to last year in the US. Seeing this trend, Google has decided to expand transit crowdedness predictions to over 10,000 transit agencies in 100 countries. This feature shows how crowded the bus or train is so users can decide whether to board the current transit or wait for the next one. Google said it makes these predictions using AI, information from Google Maps users, and historical location trends that predict future crowdedness levels for transit lines. Google Maps will also show live crowdedness information at the transit car level in New York and Sydney. Google is sourcing data from agencies like Long Island Rail Road and Transport for New South Wales for this feature. So users in these cities will get to see which cars on the train are the least and most crowded. Google plans to add more cities soon. Another feature limited to users in the US is the option to add more detailed reviews for businesses. Android users will now see a new <keyword id="74388" type="ORGANIZATION" weightage="20" keywordseo="timeline">Timeline</keyword> Insights tab that will show monthly trends of their navigation. It will show details like the modes of transportation, distance and time-driven, flown, biked or walked. Users will also get to see how much time they’ve spent at places like shops, airports and restaurants. Google said this feature is aimed at helping people be more intentional about how they spend their time. Google is great at reminding us of our past memories through Photos, and now it will do so through Maps as well. Trips in Timeline is now live for all Android users, and it will show information like the hotels one has stayed at, restaurants visited, and more. SEE ALSO - <a href="https://www.businessinsider.in/business/news/policybazaar-plans-to-raise-close-to-870-million-through-its-ipo-at-a-likely-valuation-of-3-5-billion/articleshow/84606274.cms">PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-and-galaxy-z-flip-foldable-smartphones-launching-on-11-august/articleshow/84606447.cms">Samsung to unveil Galaxy Z Fold and Galaxy Z Flip foldable smartphones at its August 11 Galaxy Unpacked even</a>

Google Maps gets new features to help users get back on the road

<keyword id="864789" type="General" weightage="20" keywordseo="amc-theatres" source="Orion">AMC Theatres</keyword>, the largest theatrical exhibitor in the US, and <keyword id="7392651" type="General" weightage="20" keywordseo="zoom-video-communications" source="Orion">Zoom Video Communications</keyword> has announced an innovative partnership that will turn some AMC locations throughout the country into Zoom Rooms. At this time, <keyword id="15462260" type="General" weightage="20" keywordseo="AMC-and-Zoom-plan" source="Orion">AMC and Zoom plan</keyword> to introduce Zoom Rooms at AMC in up to 17 major US markets sometime in 2023. "Through this partnership of Zoom and AMC, we have the best of both worlds -- the spectacular communications platform of Zoom combined with the comfort, size, scale, and state-of-the-art sight and sound capabilities of AMC's centrally located theatres. This creates an all-new product in major cities across the US for companies and meeting planners," Adam Aron, Chairman and CEO of AMC Theatres said in a statement. Users of Zoom Rooms at AMC will be able to make simple online reservations and choose the theatre and time of their choice. They will be given a three-hour window of time to virtually host their event at the chosen theatres across multiple markets, according to an official report. Moreover, the necessary equipment will be provided by AMC and Zoom so that Zoom Rooms users can have a fully functional experience in the comfort of multiple movie theatres in various cities at once. Depending on the theatre, typical auditorium sizes are expected to be in the range of 75 to 150 seats, the report added. "Our state-of-the-art sight and sound technology is widely renowned and has made gathering in movie theatres one of the most popular out-of-home entertainment options in the US. Zoom Rooms at AMC broadens our scope, as we now can participate as well in the multi-billion market for corporate and other meetings," Aron added. Users will get additional services like food and beverage offerings, possible movie viewings, and concierge-style personalised handling of meeting needs at an added cost, said the report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/four-ipos-worth-5000-crore-to-open-this-week-all-you-need-to-know/articleshow/95361401.cms">Four IPOs worth ₹5,000 crore to open this week: All you need to know</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/policybazaar-operator-pb-fintechs-q2-loss-narrows-to-187-crore/articleshow/95361316.cms">Policybazaar operator PB Fintech’s Q2 loss narrows to ₹187 crore</a>

America's largest theatrical exhibitor turns its theaters into Zoom rooms

<ul><li>Insurtech startup <keyword id="4943836" type="PERSON" weightage="20" keywordseo="Acko">Acko</keyword> has raised $65 million in a series C round. </li><li>Founded by Varun Dua in 2016, the startup has marquee investors like Amazon, Accel Partners, SAIF Partners among others. </li><li>This funding round takes Acko’s <keyword id="51393" type="PERSON" weightage="20" keywordseo="valuation">valuation</keyword> to a reported $300 million. </li></ul>Insurance technology startup Acko has <a href="https://www.vccircle.com/binny-bansal-others-invest-65-mn-in-digital-insurance-startup-acko/">raised</a> $65 million from <keyword id="6364080" type="PERSON" weightage="20" keywordseo="binny-bansal">Binny Bansal</keyword>, former Flipkart co-founder, and Kabir Misra, former SoftBank Managing Partner. The series C funding round with a <a href="https://www.vccircle.com/binny-bansal-others-invest-65-mn-in-digital-insurance-startup-acko/">reported</a> valuation of $300 million also saw participation from Intact Insurance (Canada’s property and casualty insurer) and existing marquee investors like Amazon, Accel Partners, SAIF Partners and TechPro Ventures. Acko, was founded by Varun Dua in 2016, and has gone on to make its mark in the Indian insurtech industry. In the recent past, Acko has been signing partnerships one after the other venturing into different verticals within insurance. The insurtech startup tied up with <a href="https://www.thehindubusinessline.com/money-and-banking/acko-partners-goibibo-for-travel-insurance-foray/article26006200.ece">Goibibo</a> to offer travel insurance to the latter’s users. Acko also partnered with <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/acko-general-insurance-partners-with-driveu-to-provide-trip-cover-for-car-owners/articleshow/66118573.cms">DriveU</a> to offer trip cover to car owners who opt to hire drivers from the latter’s platform. Interestingly, the startup also formed a partnership with <a href="https://economictimes.indiatimes.com/small-biz/sme-sector/au-small-finance-bank-partners-with-insurtech-firm-acko-general-insurance/articleshow/68269212.cms">AU Small Finance Bank</a> in early March to bring about customised insurance deals for their users. India has seen a slow penetration of the insurance sector but things are changing now. According to <a href="https://economictimes.indiatimes.com/industry/banking/finance/insure/insurance-industry-to-touch-280-billion-by-fy20-assocham/articleshow/65740339.cms">reports,</a> the Indian insurance industry is set to grow to $280 million by 2019-20. India has also seen a surge in insurtech startups with the likes of Policybazaar also gaining unicorn status. See Also: <a href="https://www.businessinsider.in/indias-two-startup-icons-switch-to-the-other-side-as-venture-capitalists/articleshow/67420444.cms">India’s two startup icons switch to the other side — as venture capitalists</a> <a href="https://www.businessinsider.in/heres-why-binny-bansals-021-capital-placed-its-bets-on-the-two-year-old-legal-tech-startup-spotdraft/articleshow/68198106.cms">Why India’s Unicorn Founders Backed This Barely Two-Year-Old Legal Tech Startup</a> <a href="https://www.businessinsider.in/after-minting-1-billion-from-flipkart-sale-sachin-bansal-is-now-betting-big-on-ola/articleshow/67526383.cms">Watch Out Uber. Sachin Bansal Gets Ola Share After Selling Flipkart</a>

This Indian insurance startup may be worth $300 million in just over two years

New Delhi, <keyword id="790242" type="COMPANY" weightage="20" keywordseo="WhatsApp">WhatsApp</keyword> will stop working for some <keyword id="57315" type="PERSON" weightage="20" keywordseo="iPhones">iPhones</keyword> as well as Android smartphones starting January 1, 2021. There are several Android and iOS phones that may not be able to run the app as the company will withdraw <keyword id="6367209" type="UNKNOWN" weightage="20" keywordseo="support">support</keyword> for older versions of OS from next year. According to the information on the <keyword id="3315753" type="COMPANY" weightage="20" keywordseo="whatsapp-FAQ">WhatsApp FAQ</keyword> section, WhatsApp will only be compatible with phones running the Android 4.0.3 operating system or newer as well as iPhones running on iOS 9 and newer. All <keyword id="6354606" type="COMPANY" weightage="20" keywordseo="iPhone">iPhone</keyword> models up to the iPhone 4 will lose support for the messaging platform in the next few days. The iPhone models include the iPhone 4S, the iPhone 5, the iPhone 5S, the iPhone 6, and the iPhone 6S. For Android, devices including HTC Desire, Motorola Droid Razr, LG Optimus Black, and the Samsung Galaxy S2 will lose WhatsApp support as 2020 ends. The instant messaging platform will keep the app running for select phones with KaiOS 2.5.1 OS or newer, including <keyword id="4792220" type="COMPANY" weightage="20" keywordseo="JioPhone">JioPhone</keyword> and JioPhone 2. To check which OS an iPhone is running head over to the <keyword id="1343029" type="COMPANY" weightage="20" keywordseo="settings">Settings</keyword> menu, then to the General and Information option, Software and the <keyword id="66720" type="PERSON" weightage="20" keywordseo="users">users</keyword> will be able to see the OS running that particular iPhone. Android users can head to Settings, then About Phone to see which Android version their smartphone is running on. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-sbi-hdfc-bank-wipro-ril-future-retail-tcs-jindal-stainless-upl-irctc-and-others/articleshow/80019871.cms">Top stocks to watch — SBI, HDFC Bank, Wipro, RIL, Future Retail, TCS, Jindal Stainless, UPL, IRCTC, and others</a> <a href="https://www.businessinsider.in/india/news/india-detects-14-new-cases-of-uk-covid-19-strain-putting-the-tally-at-20/articleshow/80020163.cms">India detects 14 new cases of UK COVID-19 strain, putting the tally at 20India detects 14 new cases of UK COVID-19 strain, putting the tally at 20</a> <a href="https://www.businessinsider.in/business/startups/news/2021-could-finally-be-the-year-of-indias-tech-ipos-as-startups-like-zomato-delhivery-policybazaar-head-for-the-public-markets/slidelist/80019978.cms">2021 could finally be the year of India’s tech IPOs as startups like Zomato, Delhivery, Policybazaar head for the public markets</a>

Whatsapp to stop working on iPhone 6S, iPhone 6 and these Android phones from January 1

Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of India's auto sector, advisory firm Grant Thornton Bharat said. Accordingly, India's automobile market is estimated to grow more than '2.3X' from $222 billion currently to $512 billion by 2026. Notably, the analysis by Allied Market Research, Market Line, <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> and Grant Thornton Bharat showed that e-commerce portals focused on the automobile market, such as <keyword id="2947589" type="PERSON" weightage="20" keywordseo="Droom">Droom</keyword>, <keyword id="1945738" type="PERSON" weightage="20" keywordseo="Cardekho">Cardekho</keyword>, <keyword id="11077358" type="UNKNOWN" weightage="20" keywordseo="and-olx">and Olx</keyword> have put consumers and the user experience in the spotlight helping the manufacturers attract more users. Besides, the growing base of internet and smartphone users will further boost the digital transformation, and lead to an <keyword id="6374534" type="UNKNOWN" weightage="20" keywordseo="increase">increase</keyword> in expanding the market size of the e-commerce portals. "The strong emergence and acceptance of the online channel have provided an impetus to seamless solutions, price discovery, transparency, digital real-time payments along with certification on the quality of the vehicle for the consumers in the auto sector," said Rahul Kapur, Partner, Growth at Grant Thornton Bharat. According to the analysis report, since last year, Maruti Suzuki saw a five-fold increase in <keyword id="6357824" type="UNKNOWN" weightage="20" keywordseo="sales">sales</keyword> through digital means which now stand at 20 per cent of their total sales. "These changes in consumer's buying and research preferences signal a shift for the auto sector, as Covid19 played a big part in the online channel gaining traction." "Technology-enabled innovations like secure digital payments, hyper-logical logistics, analytics-driven customer engagement, increasing consumer awareness and digital advertisements are likely to support the growth going forward." As per the report, other factors such as rising middle class and young population with increasing disposable incomes will contribute towards growing the sector. Furthermore, ease of owning a vehicle through the availability of multiple financing options as well as reduction in vehicle ownership tenure due to regulatory rules in some states, cited the report as other growth inducing factors. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/nokia-x20-specifications-nokia-new-phones-price-in-india/articleshow/81981039.cms">Six new Nokia smartphones announced – price, specifications and availability details you should know</a> <a href="https://www.businessinsider.in/business/startups/news/founders-take-note-heres-why-most-startups-fail/articleshow/81981138.cms">Founders, take note: here’s why most startups fail</a> <a href="https://www.businessinsider.in/tech/apps/news/google-phone-app-now-lets-you-record-calls-automatically-from-unknown-numbers/articleshow/81982791.cms">Google Phone app now lets you record calls automatically from unknown numbers</a> <a href="https://www.businessinsider.in/business/startups/news/adar-poonawalla-serum-institute-of-india-has-bought-stake-policybazaar/articleshow/81985425.cms">Serum Institute of India buys into IPO-bound insurance unicorn PolicyBazaar, as True North sells part stake in secondary sale</a>

E-commerce and digitisation to accelerate India's auto sector growth, says report

Bharti <keyword id="15491" type="COMPANY" weightage="20" keywordseo="Airtel">Airtel</keyword> is collaborating with <keyword id="28115" type="CITY" weightage="20" keywordseo="Intel">Intel</keyword> for 5G network development by leveraging vRAN/O-RAN technologies. The collaboration is part of Airtel's 5G roadmap for India as it transforms its networks to allow its customers to reap the full possibilities of the hyperconnected world where Industry 4.0 to cloud gaming and virtual/augmented reality become an everyday experience. Airtel is the first telecom operator in India to demonstrate 5G over a <keyword id="7411" type="COMPANY" weightage="20" keywordseo="live">LIVE</keyword> network and is conducting 5G trials in major cities. Airtel will deploy Intel's latest third generation <keyword id="4756679" type="PERSON" weightage="20" keywordseo="Xeon-Scalable">Xeon Scalable</keyword> processors, FPGAs and eASICs, and Ethernet 800 series across its network to build a solid foundation for rolling out wide-scale 5G, mobile edge computing and network slicing. As members of the <keyword id="7364328" type="UNKNOWN" weightage="20" keywordseo="O-RAN-Alliance">O-RAN Alliance</keyword>, Airtel and Intel will work closely for developing a range of Make in India 5G solutions and enabling world-class telecom infrastructure in India through local partners. Open radio access network (O-RAN) will be an area of innovation and creativity in the coming years. These O-RAN platforms will leverage Intel FlexRAN, a reference architecture with both software and hardware components, and enable software-based radio base stations that can run-on general-purpose servers located at the network edge. Randeep Sekhon, CTO - Bharti Airtel said, "Airtel is delighted to have Intel as a part of its rapidly expanding partner ecosystem for 5G. Intel's cutting-edge technologies and experience will contribute immensely to Airtel's mission of serving India with world-class 5G services. We also look forward to working with Intel and home-grown companies to unlock India's potential as a global 5G hub." Dan Rodriguez, Intel corporate vice president, <keyword id="11688936" type="UNKNOWN" weightage="20" keywordseo="network-platforms-group">Network Platforms Group</keyword> said, "Being able to digitally power the vibrant population of India's connected users requires scalable and agile networks that can evolve to address the growing demands of its users. Airtel is delivering their next-generation enhanced network with a breadth of Intel technology, including Intel Xeon Scalable processors and FlexRAN software to optimize RAN workloads with embedded intelligence, to scale their infrastructure and deliver on the promise of a connected India." SEE ALSO- <a href="https://www.businessinsider.in/business/news/policybazaar-plans-to-raise-close-to-870-million-through-its-ipo-at-a-likely-valuation-of-3-5-billion/articleshow/84606274.cms">PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-and-galaxy-z-flip-foldable-smartphones-launching-on-11-august/articleshow/84606447.cms">Samsung to unveil Galaxy Z Fold and Galaxy Z Flip foldable smartphones at its August 11 Galaxy Unpacked event</a>

Airtel partners with Intel to accelerate 5G rollout in India

As <keyword id="107096" type="General" weightage="20" keywordseo="tesla" source="Orion">Tesla</keyword> and SpaceX CEO <keyword id="6355315" type="General" weightage="20" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> puts pressure on the board of Twitter to let him acquire the micro-blogging platform for $43 billion, its Co-founder <keyword id="265395" type="General" weightage="20" keywordseo="jack-dorsey" source="Orion">Jack Dorsey</keyword> has finally broken the silence, labelling the board as "consistently the dysfunction of the company". Dorsey, who left Twitter in November last year -- handing over the baton to Indian-origin Parag Agrawal -- remains a board member until next month with his 2.2 per cent share. Reacting to a Twitter user, Dorsey said late on Sunday: "It (the board) has consistently been the dysfunction of the company". The former Twitter CEO also agreed with venture capitalist Gary Tan, who posted that a badly run board "can literally make a billion dollars in value disappear." When another Twitter user asked Dorsey if he was allowed to speak publicly about the board, he replied, "No". Musk had said that "With Jack departing, the Twitter board collectively owns almost no shares!" "Objectively, their economic interests are simply not aligned with shareholders," the <keyword id="2832619" type="General" weightage="20" keywordseo="Tesla-CEO" source="Orion">Tesla CEO</keyword> posted. Dorsey's firm Block (earlier Square) is currently working on hardware crypto wallet, a device to help people "safely own and manage their Bitcoin". Meanwhile, Musk has said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer to acquire 100 per cent of the micro-blogging platform for $43 billion. He was reacting to a follower who said that the Twitter board has threatened to dilute their shareholder's stake in the company which is a sort of criminal negligence. "In fairness to the Twitter board, this might be more of a concern about other potential bidders vs just me". With 9.2 per cent stake, Musk is one of the largest shareholders in Twitter. Asset management firm Vanguard Group disclosed last week that its funds now own a 10.3 per cent stake in Twitter which makes it the largest shareholder. Saudi Prince Al-Waleed bin Talal, who rejected Elon Musk's offer, has about 5.2 per cent share in Twitter. The board of Twitter has adopted the 'poison pill' strategy to stop Musk from forcefully buying it. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomato-and-swiggy-are-now-backing-restaurant-management-company-urbanpiper/articleshow/90908052.cms" data-type="tilCustomLink">Zomato and Swiggy invest in this restaurant management company that fulfils 2 in 10 food deliveries in India</a> <a href="https://www.businessinsider.in/india/news/extreme-poverty-in-india-declined-12-in-the-last-decade-says-world-bank/articleshow/90905593.cms" data-type="tilCustomLink">Extreme Poverty in India declined 12% in the last decade, says World Bank</a> <a href="https://www.businessinsider.in/stock-market/news/icici-securities-gives-a-buy-call-on-policybazaar-and-paisabazaar-know-the-target-price/articleshow/90909905.cms" data-type="tilCustomLink">ICICI Securities gives a ‘buy’ call on PolicyBazaar and PaisaBazaar — know the target price</a>

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PolicyBazaar IPO — Today is the last day to subscribe, grey market premium at ₹150

Kritti Bhalla

Amazon invests $12 mn in Indian insurance start-up Acko

Prabhjote Gill

Google disables RCS ads functionality in India after brands abuse the feature against users consent

Twitter rolls out a new version of TweetDeck, may turn it into a subscription service

IANS

Google Maps gets new features to help users get back on the road

Marcia Sekhose

America's largest theatrical exhibitor turns its theaters into Zoom rooms

IANS

This Indian insurance startup may be worth $300 million in just over two years

Sanchita Dash

Whatsapp to stop working on iPhone 6S, iPhone 6 and these Android phones from January 1

IANS

E-commerce and digitisation to accelerate India's auto sector growth, says report

IANS

Airtel partners with Intel to accelerate 5G rollout in India

IANS

After Elon Musk, founder Jack Dorsey slams Twitter's board amid takeover push

IANS

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