NBW APP: Tech News summarized for you

NBW APP

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About NBW App

Tech is eating the world. You have an option – either to be the breakfast or eat the breakfast. 

NBW app by nextbigwhat, India’s largest platform for startups offers you bite-sized short news meant for tech professionals – not just limited to tech, but also the impact of tech on several sectors

With news cards less than 60 words, NBW app offers you a window into a world of tech from various lenses and aims to make you smarter about your industry – not just well informed, but also deeply aware.


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Paytm board to discuss share buyback plan on December 13

“The management believes that given the Company’s prevailing liquidity/ financial position, a buyback may be beneficial for our shareholders,” according to a disclosure from One 97. A few weeks prior, when the pre-IPO lock-in period for investors had expired, Softbank initiated a block deal to sell shares worth around $200 million, placing pressure on the company’s valuation.

Centre: 100% Work From Home for IT employees in SEZ till December 2023

The government has amended the regulations for Special Economic Zones, allowing IT/ITeS units in SEZ to permit 100% Work from Home until December 31, 2023, under certain restrictions. The announcement further stated that SEZ units must maintain a list of personnel who are pursuing WFH or working from outside the zone rather than submitting such a list.

HCL Tech joins hand with Intel, Mavenir to develop 5G enterprise solutions

With the aim of delivering additional 5G solutions to CSPs, IoT, and enterprise verticals, the firms will closely collaborate on a wide and comprehensive variety of projects and activities across enablement, go-to-market, and sales acceleration. HCL Tech will act as the primary solution owner through the ongoing partnership, leveraging the technical capabilities of both Intel and Mavenir.

PayPal rolls out crypto services in Luxembourg

Customers in Luxembourg will be able to purchase, sell, and store Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in their accounts thanks to the payments behemoth PayPal. PayPal entered the cryptocurrency market in the U.S. first in 2020 before moving to the UK in 2021. It released new features in June that enable consumers to move cryptocurrency between PayPal and other wallets.

Over 90% of consumers surveyed say they are curious about the Metaverse

8,000 consumers were surveyed for the study, along with 1,000 organisations across 12 nations across several sectors, to recognise metaverse competence impact and appeal. Data showed that 93% of those polled customers expressed interest in a metaverse. 51% said they would employ the metaverse because gets easier for them to access.

More than 18 lakh EVs registered in India

More than 18 lakh electric vehicles are registered in the nation, according to Union Minister Nitin Gadkari, with Uttar Pradesh, Delhi, and Maharashtra emerging as the top selling states for EVs. The most electric vehicles have been registered in Uttar Pradesh, followed by Delhi and Maharashtra, according to the road transport and highways minister’s written response in the Rajya Sabha.

Snapdeal withdraws $152 million IPO plan

ipo-process
According to Reuters, Snapdeal has chosen to revoke its regulatory filings for an initial public offering (IPO) because of “current market conditions.” Depending on future capital requirements and market conditions, the e-commerce company may decide to reconsider an IPO, it was added. The IPO of Snapdeal, which is backed by SoftBank, was supposed to include a new share issue worth Rs. 1,250 crore.
Professional accounts can now check in the settings menu, under the account and then account status to see if any of their posts are restricted from being recommended to users who don’t follow them. Instagram postings must abide by community norms and rules regarding recommended content in order to be eligible to appear on Explore and other places.