Listen: Mobility, e-commerce cos hit by lockdown; Email related attacks up

27 Mar, 2020

TechCircle’s podcast, TechThisWeek, brings you news and insights, wrapped up in a weekly roundup of the following hand-picked developments in the startup and enterprise technology ecosystems in India.

  • The week saw India increasing efforts to fight Covid-19. The pandemic has affected over 200 countries, infecting more than half a million people worldwide since its outbreak in December 2019. Mobility was one of the worst-hit segments -- most of its operations shut down in several cities as the country pulled into a lockdown. Online food delivery platforms Zomato and Swiggy also took a hit. 
  • There have been several reports of harassment of hyperlocal grocery delivery personnel by police, despite the Centre approving the supply of essentials during the 21-day lockdown. After several appeals to the centre, the situation has seemingly eased.
  • In a fresh development this morning, Reserve Bank of India (RBI) has given a booster shot in the form of a repo rate cut by 75 bps to 4.4%, in an attempt to revive growth and mitigate the impact of Covid-19.  There has been a cut in the cash reserve ratio by 100 bps too. RBI governor Shaktikanta Das announced liquidating Rs 3.74 lakh crore into the system to provide financial artillery against Covid-19.
  • Email-related attacks have seen an increase of 667% since February, according to data protection solutions provider Barracuda Networks. February saw 1,188 Coronavirus-related email attacks, while only 137 were detected in January. The Campbell, California-based company said it detected 4,67,825 spear-phishing email attacks between March 1 and March 23.