Social networking giant Facebook is testing its video editing tool Reels with select users in India, Business Insider reported. This move comes at the time when the Indian government has banned TikTok and 58 other Chinese apps, citing security concerns. Reels is designed to let people create TikTok-style 15-second videos that can be shared on Instagram stories, sent via direct message (DM), or posted to a section of the Explore tab called Top Reels, the report said. The video tool was rolled out in Brazil last November and was later expanded to Germany and France.
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Ola inks deal with PhonePe
Bengaluru headquartered cab aggregator Ola has joined hands with digital payments platform PhonePe, to enhance its digital payments experience. Under the deal, Ola users will be able to use PhonePe to pay for their ride, according to a statement. The feature is currently rolled out on Android and will shortly be available on iOS, it added.
Ernst & Young among firms qualify technical evaluation round for Startup India
Three consultancy majors, Ernst & Young, PricewaterhouseCoopers, and KPMG Advisory, have passed a technical evaluation round and will now help the government build an action plan to attract investments in startups, according to an Economic Times report. The DPIIT (Department for Promotion of Industry and Internal Trade), in March, had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India. Out of four firms that bid for the role, Grant Thornton India did not qualify, the report said. Since its inception in January 2016, the Startup India initiative has recognised 28,979 startups until March 1, 2020.