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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="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

<ul><li>Shwetank Verma of <keyword id="11927726" type="General" weightage="20" keywordseo="indian-insurtech-association" source="Orion">Indian Insurtech Association</keyword> highlighted that the online insurtech segment would create 1 lakh direct jobs by 2025.</li><li>Shishir Mankad of <keyword id="4893676" type="General" weightage="20" keywordseo="praxis-global-alliance" source="Orion">Praxis Global Alliance</keyword> expects that 2.5-3 lakh employment opportunities, both direct and indirect, would be created by insurtech industry by 2024.</li><li>Auto, health and life are expected to continue to be a big chunk of online insurance sales in India.</li></ul>Online insurance sellers in India are expected to create 250,000-300,000 jobs in the next three years as the insurtech sector is at the cusp of breakthrough growth. Shishir Mankad, managing partner and head of financial services at Praxis Global Alliance, told Business Insider that this would include both direct and indirect employment opportunities across verticals — technology as well as functional roles in product design and analytics, customer journey design, automation as well as fulfillment roles in sales and distribution, claims processing and more. The segment is expected to generate part-time earning opportunities for another 2-3 million people in the same time frame, Mankad added. Meanwhile, Shwetank Verma, co-founder of Indian Insurtech Association and founder of investment firm <keyword id="6403908" type="General" weightage="20" keywordseo="leo-capital" source="Orion">Leo Capital</keyword>, in an email interaction with Business Insider said that the online insurance sellers in India are expected to double their premium by 2025 and create over a lakh direct jobs. “The insurance distribution in India has been changing in a very different way. There was a time when distribution was largely a feet on street model. LIC [Life Insurance Corporation] alone has roughly 1.5 million agents and the rest of the industry put together nearly another 0.5 million. There are a similar number of executives working as employees in the industry. However, over the past 5 to 7 years attempts, have been made to create digital distribution infrastructure. These efforts will increase in the next few years,” Sanjib Jha, chief executive of Coverfox said. Indian online insurance players include initial public offering (IPO)-bound <keyword id="696009" type="General" weightage="20" keywordseo="policybazaar" source="Orion">PolicyBazaar</keyword>, Digit Insurance, BankBazaar, Coverfox and others. ACKO General Insurance is one of the startups that issues their own insurance policies instead of being a third-party seller. <keyword id="3067182" type="General" weightage="20" keywordseo="dexter-capital" source="Orion">Dexter Capital</keyword>’s founder Devendra Agrawal, in an email interaction with Business Insider, noted that the Indian insurtech segment is a very large subsector of fintech and is largely dominated by traditional companies. There is very little innovation and user friendliness in the current offering, but there is scope for greater innovation as more startups emerge in the segment. He added that the new insurtech segment is likely to focus on three things. First, new product launches. Second, a more user-friendly interface and processes. Third, newer models would be introduced when it comes to insurance selling. Shwetank Verma of Indian Insurtech Association reflected a similar view, highlighting that there is a lot of scope for innovation in the insurtech sector and new categories like cyber insurance, <a href="https://content.naic.org/cipr_topics/topic_parametric_disaster_insurance.htm">parametric insurance </a>— a non-traditional insurance product that offers pre-specified payouts based upon a trigger event — and would gain more traction this decade by 2030. “Most of the insurtech action has been in terms of distribution of policies and a couple of insurers who are digital-first. While these categories will certainly see growth, our view is that the sector is at a tipping point. We expect to see a lot more action on other parts of the insurance value chain, be it underwriting or risk management or claims processing, or product design such as micro-insurance or embedded products,” Mankad of Praxis Global Alliance said. Even as the Indian insurtech sector progresses, health, auto and life insurance will continue to be the major chunk of insurance sales both online and offline, as per industry experts. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/google-bans-eight-dangerous-crypto-apps-find-out-if-you-have-them-on-your-phone/articleshow/85553621.cms">Google bans eight dangerous crypto apps – find out if you have them on your phone</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/india-continues-to-lead-in-ipv6-expansion-with-a-61-23-adoption-rate-globally/articleshow/85554413.cms">India continues to lead in IPv6 expansion with a 61.23% adoption rate globally</a>

Online insurance sellers expected to create up to 300,000 jobs in the next three years

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

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

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.

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

Kritti Bhalla

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

Marcia Sekhose

Online insurance sellers expected to create up to 300,000 jobs in the next three years

Kritti Bhalla

Airtel partners with Intel to accelerate 5G rollout in India

IANS

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

IANS

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

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