MeitY has cracked down on films related to Wing Commander Abhinandan Varthaman
The government had requested Youtube to take down eleven motion pictures
The unfold of fake news and misinformation are on the upward thrust after the Pulwama strike
The significant authorities have required social media organizations to make sure that their structures are not being misused to spread content material towards India.
This directive comes in after the Ministry of Electronics and Information Technology (MeitY) asked to seek business enterprise Google and its video platform YouTube to take down motion pictures related to Wing Commander Abhinandan Varthaman who turned into captured via Pakistan for the duration of an aerial fight on February 26.
According to an ET report, MeitY had requested YouTube to do away with eleven specific video links saying that it can incite public order and peace within us of a. The ministry additionally directed Google to make sure that comparable movies are taken down and also percentage a compliance document.
Union Minister for Electronics and Information Technology Ravi Shankar Prasad has said that the quest organization had immediately complied with the authorities directive.
This step can be a want of the hour as both India and Pakistan were countering every other on social media after surgical strike 2.Zero leading to a rise of a social media battle.
Just the day before this, Inc42 reported that misinformation and faux news posts fueling the India-Pakistan disaster were all around the primary social media platforms. For example, movies from preceding air indicate and pix of fighter jets were being published from each the international locations with deceptive titles implying that the two international locations were launching counter strikes.
Moreover, Tweets with hashtags which include #BalakotAirStrike, #BringbackAbhinandan, #SayNoToWar, #MiG21, #F16, #PakFakeClaim #PakistanPM had been trending throughout the net.
According to Jency Jacob, the coping with the editor of reality-checking website BOOM, there has been quite a few panics in the social media sites after Pakistan took an aggressive stance.
Tensions between both countries started after the ghastly Pulwama terror assault on February 14 while a convoy of automobiles sporting 40 Central Reserve Police Force (CRPF) jawans changed into attacked through a suicide bomber from Pakistan-based terror group Jaish-e-Mohammed.
In response, India carried out a surgical strike on Pakistan,12 days after the fear assault.
India also revoked Pakistan’s “Most Favoured Nation” (MFN) popularity which was given to the USA in 1996 and raised the customs duty to 2 hundred% on all items exported from Pakistan to India.
The manipulate of huge of fake information and misinformation is necessary specifically at a time while each the nations are at a verge of collapse of battle. False posts and war mongering will handiest incite greater aggressiveness a few of the countries.
Grofers is reportedly worth $425 Mn publish-money
SoftBank holds around 42% stake inside the enterprise
Tiger Global and Sequoia also participated in the spherical
Gurugram-primarily based online grocery startup Grofers has raised almost $60 Mn in a sparkling Series F investment round from Masayoshi Son-led SoftBank Vision Fund (SVF). This is reportedly the initial tranche of the bigger $a hundred and twenty Mn-$a hundred and forty Mn funding round this is beneath works for Grofers.
A source near the improvement confirmed the investment to Inc42. With the sparkling funding, Grofers is now worth $425 Mn put up-money consistent with statistics intelligence platform paper.Vc. Currently, SVF holds around 42% stake inside the organization.
Founded in 2013 via IIT graduates Albinder Dhindsa and Saurabh Kumar, Grofers gives products across classes which include grocery, fruits and greens, splendor and wellness, household care, child care, puppy care, bakery, and meats and seafood, amongst different matters. It operates in 13 cities.
In the funding spherical, Grofers’ current traders Sequoia and Tiger Global also invested $1.8 Mn and $19 Mn. SoftBank is similarly anticipated to make investments $40 Mn in Grofers as it looks to close a deal with the new investor.
Grofers closed FY 2018 with $129.Forty-nine Mn (INR 950 Cr) in income. It is now chasing a sales goal of $34 Mn (INR 2,500 Cr) and plans to roll out more than 500 stock keeping devices (SKUs) for FY 2019.
Here’s a look at a number of the recent activities at Grofers:
Grofers recorded revenue of INR 310 Cr in January 2019 instead of its sale season
Grofers has stopped supplying sparkling products as it’s miles concentrating its electricity on private labels — Budget and Popular G-Brands
It has expanded its labels to provide 250 food and non-food products to its customers
It is targeting a more potent growth trajectory in 2019, with a 50% contribution from its private brands
Grofers has changed its cognizance to organizing its foothold in Delhi-NCR using investing in its delivery chain and technology
The business enterprise claims to be profitable in Delhi on an in step with-order foundation
Online grocery quarter is predicted to almost quadruple over the following three years to touch $1.38 Bn (INR a hundred Bn) in phrases of revenue. A Goldman Sachs file forecast that the Indian online grocery market is about to reach $forty Mn (INR 270 Cr) with the aid of FY19, growing at a CAGR of 62% from 2016 to 2022.
The quarter, which has seen with high-investor enchantment from the likes of SoftBank, Tencent, Temasek, and so on, has been struggling for boom and to manipulate excessive costs of cash burn.
