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Your doorway to the latest from AI, Crypto, NFTs, Startups, and the vibrant universe of technology. Don’t worry!

At Sociobits, we believe that all of us are standing at the door of a high-tech future. With the world turning to digital and new-age options all the time, everything is rapidly changing. Some changes are for the better, some for the worse, but change it does. So we try our best to keep you on top of all those many changes. If there are changes in the tech industry, – Facebook (Meta) adds a new fe

ature to its application – we will find out, and make sure you know about it. We’ll also tell you how it will affect you, how it will affect businesses, and how it will affect society. The possibility of a flying car in the world right now may be low, but electric cars are definitely in the running. New businesses, popularly known as startups are now more than ever. With innovative ideas, new concepts, and applications, we find out about new businesses almost every day. Let’s not forget, our transactions may also be taking a turn in the coming age with the introduction of cryptocurrencies. To keep you on top of all this, Sociobits will keep you updated and informed. That’s a tall order, but that’s what we’re trying to do here. While the world is updating, it’s also moving fast, no time to read what’s happening around you? QuickBits are short news articles that will inform you about what is happening right now, in two minutes. It will give you enough to enthusiastically participate in a conversation. When there’s an innovative startup that could enable you to pay by shaking hands, we’ll find out and tell you about that. When you sign up on a new platform, maybe a new virtual world, for the first time and wonder how on earth it all works, never fear – we’ll be right here to help you through that, too! We’re a small but very enthusiastic team that loves the idea that trying to figure out how these incredible phenomena have exploded into our lives and radically altered it really works.

17/07/2024

Tata Power Co. Ltd plans to invest ₹20,000 crore this fiscal year to boost its renewable energy and transmission and distribution operations. Chairman N. Chandrasekaran announced this at the company’s 105th annual general meeting. This investment follows ₹12,000 crore spent last year.

The company is exploring opportunities in small modular nuclear reactors and expanding its distribution network to reach 50 million consumers, up from the current 12.5 million. Tata Power aims to lead India’s green energy shift by providing round-the-clock renewable energy, particularly to commercial and industrial consumers and plans to increase its renewable energy capacity from 9 GW to 15 GW in five years.

The company's stock closed at ₹436.90 on Tuesday on the BSE, down 0.52% from its previous close.

[ Tata, Tata power, Energy, Expansion, Investment, Crore, India, Company, Industry, stock, stock market, Business ]

17/07/2024

Apple and Google's complex relationship has taken a dramatic turn with Apple's latest attack ad targeting Google's Chrome browser.

As Google aims to convert Safari users to Chrome amidst potential monopoly investigations, Apple fights back, emphasizing privacy concerns. With Safari privacy billboards and a new Hitchcock-inspired ad, Apple sends a clear message to its 1.4 billion users: avoid Chrome if you value your privacy.
The battle for user trust and market share intensifies, spotlighting the ongoing privacy debate between these tech giants.

[ Chrome, iPhone, Apple, Technology, Share Market, Privacy, Millions, Targeting, Investigation, phone ]

12/07/2024

Astrology SaaS platform Melooha has bought Bengaluru-based language translation and astrological guidance startup Munitalks in a cash and stock deal.

Although the company did not disclose the financial terms of the deal, but sources close to the matter that the transaction was pegged at INR 70 Lakh.

With this acquisition, Melooha seeks to leverage Munitalks’ multilingual support and astrology consultation services to boost its astrological offerings.

Besides, the startup also aims to tap Munitalks’ AI technology stack to translate most of the Indian languages for boosting its user base.

[ Astrology, startup, India, Userbase, language, consultation, munitalks, stock deal, Bengaluru, cash translation ]

12/07/2024

The Reserve Bank of India has give an apporoval to Jio Financial Services to become a core investment company.

In a stock filing, Jio Financial said that “further to the disclosure dated November 21, 2023, the company has today received from the Reserve Bank of India approval for conversion of the Company from Non-Banking Financial Company to Core Investment Company.”

With this approval, Jio Financial Services will now have more flexibility in terms of its day-to-day operations. Now, it can emphasise on core investment rather than other finance activities. Jio Financial can now aim for diversification of its investment portfolio with ever-changing market conditions.

[ Reserve Bank of India, Jio, Finance, Company, approval. Activities, rbi, portfolio ]

11/07/2024

Zomato, India's leading online food delivery app founded by Deepinder Goyal, recently marked its 16th anniversary with a celebration that turned heads across social media. Mimicking the traditional 'political approach', Zomato unveiled a birthday advertisement that captured the essence of Indian political birthday messages.

The ad, prominently displayed in Hindi and Tamil, thanked its patrons with a heartfelt message: "16th janamdin par aap sabhi ko apna pyar barsane ke liye koti koti dhanyavaad (On our 16th birthday, a big thanks to all of you for showering us with love)."

This unique marketing move, featuring a desi layout and color scheme, spread across the front page of a newspaper, quickly went viral for its innovative and relatable appeal.

[ Zomato, Birthday, Janamdin, Innovative, Appeal, Social Media, Deepinder Goyal, Company, Viral ]

10/07/2024

Vi Business, the enterprise arm of Vi, has partnered with PayU to support MSMEs in India by offering customized digital payment solutions. This collaboration leverages Vi Business's digital transformation expertise and PayU's proficiency in digital payments to provide a comprehensive range of services, including innovative payment options, buy-now-pay-later (BNPL) solutions, and seamless WhatsApp integration.

Additionally, Vi Business offers productivity and collaboration tools like Google Workspace, location tracking, personal cloud storage, and mobile security solutions at special prices through its ReadyForNext program.

This partnership aims to drive MSMEs' digital journeys and enhance their business operations and customer engagements efficiently.

[ VI, PayU, Parthner, MSME, India, Business, Journey, Operations, Engagement, Digital Payments ]

09/07/2024

Dior and Armani, renowned for their luxury handbags, have come under scrutiny for their pricing practices.

Despite selling bags for lakhs of rupees, they pay suppliers as little as Rs. 4,700-Rs. 8,300 per handbag. A recent investigation revealed exploitation and legal violations in their supply chain, including the use of undocumented Chinese workers.
This controversy raises questions about the true value of these high-priced accessories.

09/07/2024

Mayank Bidawatka, co-founder of the recently closed social media platform Koo, is working on a new consumer technology product. This new venture, currently unnamed, is being bootstrapped and is described as a "massive global idea with a huge market size." Bidawatka has been passionate about this project for many years and believes now is the right time to bring it to life.

A small, dedicated team of seven people is already working on the initiative, focusing on creating a beautiful product rather than immediate monetization. Bidawatka is looking to expand the team and is seeking backend engineers, machine learning specialists, and iOS and Android developers. Interested candidates can reach out to him via email.

This announcement follows the recent closure of Koo, a Twitter-like platform that gained popularity in India but failed to secure the necessary partnerships and funding to continue operations. Despite the challenges with Koo, Bidawatka is optimistic about the potential success of his new venture.

[KOO, Co-founder, Consumer, startup, prior, social media, Venture, IOS, Technology, Success ]

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