Google to invest $ 1 billion in Africa over five years

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Google will invest $ 1 billion in Africa over five years to cover a range of initiatives from improving connectivity to startups, said Sundar Pichai, CEO of Google, during a virtual event.

“More and more, we are seeing innovation start in Africa and then spread around the world,” he said, highlighting Internet access by phone rather than computer in Africa. Pichai also cited the ubiquity of mobile money in Kenya. before being adopted by the rest of the world.

“This momentum will only increase as 300 million people connect in Africa over the next five years.

TCS Local Government Project in Scotland

Tata Consultancy Services (TCS) works with Scottish Local Government Improvement Service (IS) to accelerate its digital transformation programs, the company said on Wednesday in a stock exchange filing.

TCS uses DigiGOV, its public service organization solution, to digitize processes, including the National Entitlement Card (NEC) – Scotland’s national multi-application smart card, TCS said in a statement.

She has developed an online portal for people to apply for smart cards, which is used by more than 2.2 million people in Scotland.

Sutherland Partners With NIIT For Talent Technology

New York-based digital transformation firm Sutherland has partnered with StackRoute, an NIIT company, to launch a training program to identify and develop talent as well-rounded IT professionals, occupying critical roles at Sutherland.

This initiative is part of Talent pipeline as a service (TPaaS), which helps companies build a pool of inbound and highly skilled talent in cutting-edge digital technologies, agile platforms and methodologies. The program is aimed at technical graduates with zero to two years of work experience.

Equitas SFB launches ASBA installation

Equitas Small Finance Bank said on Wednesday that its internet, mobile and UPI interface will port Applications Supported by Blocked Amount (ASBA) which will allow its clients to trade directly on the primary market.

Stock market regulator Securities and Exchange Board of India (SEBI) asks ASBA to apply IPO (initial public offers) and FPO (follow-up public offers).

Targeting individuals and high net worth individuals, the installation of Equitas SFB allows clients to benefit from high interest of the savings account until the share allocation date. ASBA blocks the bank account for the demand money. When the entire IPO process is complete, the account is debited only for the payment amount required for the final award.

PNB Housing partners with CSC e ‐ Governance

PNB Housing Finance will work with CSC e ‐ Governance Services India to provide last mile mortgage loan facilities to people living in second and third tier cities.

PNB Housing Finance aims to provide door-to-door mortgage loan facility via the CSC network, while CSC will educate and guide local communities in applying for home loans. CSC centers will also be delivery points for EMI repayments (equivalent monthly payments) and will provide assistance to clients for online mortgage application.

This initiative will also help PNB Housing’s vision to contribute to India’s financial inclusion agenda, the company said in an exchange document Wednesday.

Nazara raises Rs 315 crore from renowned investors

Games and sports media platform Nazara Technologies said on Wednesday that its board of directors had approved preferential allocation of new equity to increase the crore of Rs 315.3 renowned institutional investors.

This will be used to invest in growth initiatives and pursue strategic acquisitions in areas such as gamified learning, freemium, skill-based real money games and e-sports, as the company continues to expand its “Friends of Nazara” ecosystem, Nazara Technologies said in a stock exchange filing.

“The investment of these institutional investors will act as a catalyst for Nazara’s flywheel to operate faster in all business segments, and will result in an organic and inorganic composition of shareholder value at the parent company level and subsidiaries “, declared Manish Agarwal, CEO, Nazara Technologies.

Info Edge increases its stake in 4B Networks

Info Edge a invested Rs 15 crore in 4B Networks to increase stake in broker network platform to 37.03 percent.

4B Networks, which was incorporated in November last year, allows real estate developers and brokers to communicate with each other and operate on a broker network platform.

Nucleus Software loan product launched in Spain

Opel Vauxhall Finance (OVF), the financial captive of the manufacturers Opel and Vauxhall supported by Stellantis and BNP Paribas, was uploaded to the FinnOne loan product from Nucleus Software in Spain.

OVF will provide auto finance products including consumer loans, leasing, insurance and service contracts, according to a press release from Nucleus Software.

The OVF-Finnone partnership started with Italy and is available in seven other countries. Spain is the ninth country where OVF will use Nucleus Software’s FinnOne to manage its operations.

Facebook attributes the outage to the configuration change

Social network Facebook said its six-hour outage on Monday was caused by a faulty configuration change. “We have no evidence that user data has been compromised as a result of this downtime,” he said in a blog post.

During the outage, Facebook’s website showed an error in the Domain Name System (DNS), which allows web addresses to lead users to their destinations. The breakdown affected many internal tools and systems that Facebook uses, which complicates its attempts to diagnose and resolve the problem quickly.

Tinder deploys in-app currency

Tinder is rolling out virtual currency to encourage users to spend more time swiping, scrolling and possibly spending real money on the dating app, Bloomberg reported.

Those in-app parts were initially only available in Australia, who is representative of Tinder’s global membership base, a spokesperson said Bloomberg.

They can be acquired as users remain active on the platform or keep their profiles up to date. They can also be purchased with regular money. The coins can then be used to improve a user’s profile by buy the benefits of Tinder like Super Likes or Boosts, which can help increase the odds of finding a good match.


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