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Signzy. Bengaluru-based Signzy is a regulatory technology firm which offers digital customer onboarding technology to banks, financial services companies and other businesses. It helps in customer identity verification, processing electronic signatures, bank statement analysis and offersother such services. Its platform is used in account opening, credit disbursal, processing investments and also in the insurance industry. The firm suffered a massive data breach a week ago, resulting in hundreds of gigabytes of data of customers of mutual fund firms, banks and credit card companies getting leaked in multiple hacker forums.

TikTok, which was banned in India in 2020, is now a step closer to meeting the same fate in the United States. A US federal court last Friday rejected TikTok’s appeal challenging a law requiring it to divest from its Chinese parent company or shut up shop next month. ET explains the case and what’s in store for the platform. Why does the US government want to ban TikTok?

Flipkart, India’s largest ecommerce firm valued at $36 billion, is preparing for an initial public offering (IPO) in the coming year with a definite timeline of 12-15 months, multiple people aware of the development said. The proposed listing, which is likely to be the largest share issue by a new-economy company, will mark a seminal moment for the country’s startup sector that is now regarded as the third largest worldwide. The Walmart-owned firm has secured internal approvals to move its domicile from Singapore to India, regarded as a first step to an IPO, and is targeting a public sale of shares by the end of the next calendar year or within the first quarter of 2026, people in the know told ET. “The process has begun and there is clear understanding that in this timeline the company should be public,” one of the sources said.

National Restaurant Association of India (NRAI) on Sunday cautioned its 500,000-plus restaurant members on what it termed «dangers» of deep discounting on dining-in, monopolising of payment gateways and data control by aggregators such as Swiggy and Zomato. «Deep discounting has caused significant challenges in food delivery; NRAI warns that similar tactics are being employed to capture the dine-in market,» the NRAI said in a detailed advisory, a copy of which was seen by ET. The development could escalate multiple long-standing disputes between India's ₹5.69 lakh crore restaurant sector and food delivery aggregators, which have been clocking healthy growth year-on-year on the back of consumer convenience and last-mile discoverability. Matters of dispute between the two, including allegations by the NRAI of deep discounting, data masking and uneven commissions by the aggregator platforms on deliveries, are currently being examined by the Competition Commission of India (CCI). For table bookings made by customers on aggregator platforms, most restaurants need to pay 4-8% commissions to the latter, which are higher than the 1-1.5% charged by third-party payment gateways, according to the advisory. According to the NRAI, aggregator payment gateways push aggressive discounts and cashbacks to acquire customers, which, it alleged, are at the expense of the restaurants. Third-party gateways include Paytm and BharatPe.

immediate ceasefire in Ukraine, shortly after a meeting in Paris with French and Ukrainian leaders, claiming Kyiv «would like to make a deal» to end the more than 1,000-day war. In a post on his Truth Social platform, Trump claimed that Moscow and Kyiv have both lost hundreds of thousands of soldiers in a war that «should never have started.» «There should be an immediate ceasefire and negotiations should begin. Too many lives are being needlessly wasted, too many families destroyed,» he said, as he called on Russian President Vladimir Putin to act to bring the fighting to an end.

Subscribe to enjoy similar stories. India’s public broadcaster Prasar Bharati is shaping its new streaming platform, WAVES, as a destination for family-focused content across genres like sports, culture, general entertainment, and education, its top official said. The platform, launched in November, will offer free access to shows from its linear TV channels, alongside select curated premium content from collaborations with streaming platforms like Lionsgate and Eros.

Redmi Note 14 series on December 9. The series, comprising the Redmi Note 14 5G, Redmi Note 14 Pro, and Redmi Note 14 Pro+, will bring advanced features to the Indian market. These devices, initially introduced in China in September, are expected to feature similar specifications with minor changes to suit Indian customers.

TikTok users spent heavily to buy merchandise from a range of vendors on the ecommerce platform TikTok Shop so far this holiday shopping season, according to TikTok estimates and a Reuters analysis of spending patterns measured by data from Facteus. The patterns show that TikTok Shop, which launched in the US in September 2023, has likely gained market share in ecommerce at a critical moment. TikTok Shop serves as an ecommerce channel for major brands such as e.l.f. Cosmetics, Ninja Kitchen, among other products. TikTok Shop said in a press release in late November that its sales had reached $100 million on Black Friday, the day after Thanksgiving, when bargain-hunting American consumers spent heavily online. Previously, it said the number of people purchasing goods on TikTok Shop each month had nearly tripled. Reuters could not independently verify its claims.

Bluesky, the destination of the moment, is experiencing a post-election surge of new users as millions of mostly liberal users of X (nee Twitter) have moved over to the Twitter-like platform, which opened to the public last year. The platform had 13 million users by early November; 10 million more joined over the next month. Now that social media is ubiquitous, growth in one platform often means lost users for another. The Bluesky migration suggests that the broader the «us» gathered together, the harder it is to prevent our falling on another. (Owners of giant social media platforms often imagine they can get good moderation for many users with little effort, when that is a distinctly «pick two» choice.)

ministry of electronics and IT (MeitY) has asked Meta to prevent WhatsApp-originated pesky messages and calls, many of which lead to financial frauds. «We have taken it (scams issue) up with Meta. This is a continuous process. They (scamsters) will keep discovering newer ways, making people worry,» MeitY secretary S Krishnan told ET. Lately, there has been a rampant misuse of WhatsApp, a popular instant messaging (IM) and voice-over-IP (VoIP) service provider, by scamsters for sharing dubious content, which led to users being conned. The telecom regulator had sought MeitY's intervention to check financial frauds perpetrated through OTT platforms, since such apps are regulators under the IT Act and don't fall under the Telecom Regulatory Authority of India (Trai).

The paper, which runs into 67 pages, titled 'Open Banking and Digital Payments: Implications for Credit Access' was authored by Shashwat Alok, Pulak Ghosh, Nirupama Kulkarni and Manju Puri. Among key highlights of the paper are that UPI has enabled underserved groups, including subprime and new-to-credit borrowers, to access formal credit for the first time.

TikTok asked followers to subscribe to their channels on rival platforms like Meta-owned Instagram and Alphabet's YouTube after a federal appeals court ruled that the social media app could be banned if it is not sold to a US-based company by January 19. TikTok has become a major US digital force as it has grown to 170 million US users, especially younger people drawn to its short, often irreverent videos. It has sucked away advertisers from some of the largest US players and added commerce platform TikTok Shop, which has become a marketplace for small businesses. The US Congress, fearing TikTok's Chinese owners are gathering information about American consumers, has passed a law requiring its owner, Chinese-backed ByteDance, to divest its TikTok in the US or face a ban. On Friday, a federal appeals court upheld the law.

TikTok’s future in the U.S. appeared uncertain on Friday after a federal appeals court rejected a legal challenge the company brought against a law that requires it to cut ties with its China-based parent company or be banned by mid-January

Subscribe to enjoy similar stories. The Shuttle of Time, a large abstract sculpture made with banana fibre—its title emerging from the weaver’s shuttle— urges viewers to probe questions about craft, design traditions and their origins.

grievance redress system. Murugan said the mechanism, established under the Cable Television Networks (Amendment) Rules, includes self-regulation by broadcasters, self-regulation by self-regulating bodies of the broadcasters, and an oversight mechanism of the central government. The minister said appropriate action is taken wherever violation of the Advertising Code is found by issuance of «Advisories, Warnings, 'Apology Scroll' Orders and Off-air orders.»

Palantir Technologies and defense tech company Anduril Industries have partnered to use defense data for artificial intelligence training, the companies said on Friday. The partnership will leverage Palantir's AI platform to structure, label and prepare defense data for training to deploy those models onto national security systems, while Anduril's systems will aid in the retention and distribution of government defense data. Companies across sectors have increasingly shifted focus toward AI to automate their workflows. However, its application in defense is still nascent, as data needed to train models in the sector is sometimes sensitive.

Naga Chaitanya exchanged vows with a lavish wedding in Hyderabad on December 4. Joyful images and videos of the couple are circulating across social media platforms. Adding to the buzz, Chaitanya’s sister, Samanta, reshared a clip highlighting why their father appeared ‘upset’ during the ceremony. In a photograph posted by Sobhita’s makeup artist Shraddha Mishra, Samanta is seen seated beside her sister and father, who are engaged in performing wedding rituals. While Sobhita beamed with happiness, her father’s serious expression caught the eye. The picture was captioned, «My happy bride with her bridesmaid.» Sharing the image on her story, Samanta humorously added, “My dad was pissed (laughing emoji)," sparking curiosity among fans about what might have unfolded during the cheerful occasion.

Facebook, Instagram-owner Meta Platforms hit a record high on Friday after a U.S. appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next year or face a ban. The decision is a devastating blow to ByteDance, whose social media app is used by 170 million Americans. It affirmed a law, which was passed by Congress with bipartisan support and signed by President Joe Biden, that gives the U.S. government sweeping powers to ban other foreign-owned apps that could raise concerns about collection of Americans' data. TikTok and ByteDance had argued that the law is unconstitutional and violates Americans' free speech rights.

The European Union has sent TikTok an urgent request for more information about Romanian intelligence files suggesting that Moscow coordinated influencers on its platform to promote an election candidate who became the surprise front-runner in the nati...

A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appe...