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Razorpay India’s First Payment Gateway Launched UPI For Merchnats

23Sep By AnkitaNo Comments

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Razorpay India’s First Payment Gateway Launched UPI For Merchnats

Razorpay is India’s first payment gateway to launch Unified Payment Interface (UPI), for its 10,000+ merchants. The option will enable customers to make online payments via UPI in addition to netbanking, wallets and credit/debit cards. This will be the first large-scale rollout on the merchant side and does not require the addition of any code to start offering UPI payment options to their customers. All of Razorpay’s merchants will have access to receiving payments via UPI starting today. UPI is a unique payment solution built to empower customers to initiate payment requests through their smartphone. It provides a Virtual Payment Address (VPA), through which users can send and receive money on a two-factor authentication. “In keeping with our robust technology, our systems will aut...

Instagram Advertisers Goes Double in Six Months

23Sep By reutersNo Comments

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Instagram Advertisers Goes Double in Six Months

Facebook Inc's Instagram said on Thursday its advertising base more than doubled to exceed 500,000 in the last six months. Instagram, the popular picture-sharing app that uses Facebook's ad technology to target highly specific audiences, has gained traction as the preferred platform used by ad agencies for social media campaigns. The app, which has more than 500 million users, also said more than 1.5 million businesses had switched to its Business Tools program in the two months since its launch earlier this year. The program allows businesses to promote posts and create custom profiles on Instagram that allows potential users to contact them by phone, e-mail or text messages. The company, which was bought by Facebook for $1 billion in 2012, is expected to generate $1.5 billion...

India Post Seeks Applications For Payments Bank CEO Post

23Sep By Press Trust of IndiaNo Comments

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India Post Seeks Applications For Payments Bank CEO Post

Government today set into motion the process to select CEO for India Post Payments Bank (IPPB). IPPB has invited applications for the post of chief executive officer/managing director from eligible candidates, a public notice said. Last year, India Post has received in-principle approval from RBI and subsequently nod from the Cabinet for setting up IPPB. As per the notice, the candidate should be between 40-55 years, and a minimum 15 years of experience in financial services is mandatory. India Posts payments bank with 650 branches is expected to start functioning from September 2017. There are 1.54 lakh post offices, of which 1.39 lakh are rural ones. The total asset of postal payments bank is Rs 800 crore, which will have Rs 400 crore equity and Rs 400 crore grant. All ...

Facebook CEO Mark Zuckerberg, Priscilla Pledge $3 Billion to Cure All Diseases

22Sep By PriyankaNo Comments

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Facebook CEO Mark Zuckerberg, Priscilla Pledge $3 Billion to Cure All Diseases

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan will spend USD 3 billion over the next ten years on their ambitious goal aimed at helping to eradicate all diseases by the end of this century. The goal is to "work together to cure, prevent or manage all diseases within our childrens lifetime," Chan, who is a pediatrician, said during an event in San Francisco for the Chan Zuckerberg Initiative, the couples philanthropic group. Speaking through tears, Chan recalled telling parents their child had an incurable disease or could not be revived, experiences she said made her even more determined to work with scientists and engineers to build new tools that can save lives by the end of the century. The investments will include creating research tools from software to hardware to...

Google Launches Its own Messaging App Allo

21Sep By AdityaNo Comments

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Google Launches Its own Messaging App Allo

Search engine giant Google has launched its AI based messaging app Allo, which would compete with the likes of WhatsApp and Facebook Messenger. Available for both Android and iOS platforms, Allo will also mark the debut of Google Assistant in a preview edition. "Whether it is planning a night out or just catching up, we rely on messaging to stay in touch with friends and family every day. But too often we have to hit pause on our conversation ? whether it is to check the status of a flight or look up that new restaurant. So we created Allo, a messaging app that helps you keep your conversation going, by providing assistance when you need it," Google Group Product Manager Amit Fulay said. Powered with artificial intelligence, Allo packs in features including smart reply, options for sh...

Flipkart Crosses 100 Million Users, Become First E-commerce Firm To Achieve This Milestone

21Sep By PriyankaNo Comments

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Flipkart Crosses 100 Million Users, Become First E-commerce Firm To Achieve This Milestone

India's leading e-commerce platform Flipkart has crossed the 100-million registered users mark, becoming first e-commerce company in the country to achieved this milestone. "This is a small step in our efforts to build a platform that provides quality products, affordable and accessible to millions of Indians shopping online. This milestone has further energized us to ramp-up our efforts and build a world-class shopping destination," Flipkart co-founder and CEO Binny Bansal said. One of the most valued start-ups in the country, Flipkart has Tiger Global, Accel Partners, Morgan Stanley and T Rowe among its investors. The company has raised over USD 3 billion in funding so far and has acquired companies like Myntra, PhonePe and LetsBuy. It has also invested in start-ups like Cube26, NestAw...

Twitter Discontinue Engineering Tasks in India, Lay Off Employees At Bengaluru Development Centre

20Sep By AnkitaNo Comments

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Twitter Discontinue Engineering Tasks in India, Lay Off Employees At Bengaluru Development Centre

Microblogging site Twitter has decided to discontinue engineering tasks in India, a move that will lead to lay offs at its development centre in Bengaluru. The company, however, did not disclose the number of people being handed pink slips. When contacted, Twitter in an emailed statement said: "As part of our normal business review, we have decided to stop the global engineering work at the Bengaluru development centre. We thank the impacted individuals for their valuable contributions and are doing as much as we can to provide them a respectful exit from our company." The company "remains committed to India as a strategic market for users, partners and advertisers," it added. The company further said: "Today, India is one of our fastest growing markets worldwide and we continue to...

Microsoft to Layoff Skype Employees in London

20Sep By NitishNo Comments

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Microsoft to Layoff Skype Employees in London

IANS- Technology giant Microsoft is planning to close its London office of Skype and to lay-off most of the nearly 400 people employed there, a media report here said. "Microsoft made the decision to unify some engineering positions, potentially putting at risk a number of globally focused Skype and Yammer roles," the Financial Times quoted Microsoft as saying. Skype will still maintain offices throughout the world, including in Redmond, Palo Alto, Vancouver, and several locations in Europe. But the layoffs indicate a shift in priorities, with anonymous former employees telling media that Microsoft has increasingly been taking control of Skype, replacing Skype's employees with its own. Skype was one of the first big voice chatting apps, but it's increasingly come under threat f...

Anand Chandrasekaran Will Join Facebook Messenger App Team

19Sep By PriyankaNo Comments

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Anand Chandrasekaran Will Join Facebook Messenger App Team

As per the sources Facebook hired Snapdeal former executive and a high-profile investor Anand Chandrasekaran to help develop strategies for its Messenger app. The announcement could be made tomorrow. Both Anand and facebook didn’t immediately respond to requests for comment. Anand Chandrasekaran resume includes company like Yahoo & Snapdeal as a former senior executive. He also served at India’s largest cellular company, Bharti Airtel Ltd. as a chief product officer. Where he launched Airtel’s mobile application and a popular music streaming app. His expertise in Silicon Valley and India will help messenger platform. He will assume a global leadership role working on strategies and partnerships for Facebook’s billion-user-strong texting service, according to people familiar w...

Superstar Singer Akon Appointed as a Chief Officer Of a Technology Company

19Sep By AnkitaNo Comments

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Superstar Singer Akon Appointed as a Chief Officer Of a Technology Company

R&B star Akon has been named Chief Creative Officer of technology company Royole. The 43-year-old "Locked Up" singer has teamed up with bosses at the company to work on upcoming products including the Moon - a portable 3D virtual mobile theatre, which also comes with noise-cancelling headphones, reported Billboard. Akon said he was thrilled about joining the firm and working with Chief Executive Officer Bill Liu. "Now, other ideas that (I have) are just unthinkable until you tangibly see it. (Royole) has everything we need to make those things happen, so Im really looking forward to the future," he said. "The future should be your only focus. The now is here and gone tomorrow, so if youre not thinking about the future man, youre gonna go away along with the day. So I always...

Indian Companies Foreign Investment Fell 84% in Aug at $399 Million

17Sep By Press Trust of IndiaNo Comments

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Indian Companies Foreign Investment Fell 84% in Aug at $399 Million

India Companies overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed. Indian companies had made an investment of USD 2.47 billion in the markets abroad during the same period last year. Compare to July this year, direct investments in August were down by 82.6 per cent. The investments were in the form of issuance of guarantees (USD 97.14 million), loans (146.36 million) and equity (USD 155.56 million). Palava Dwellers Pvt Ltd was among the biggest investors, which invested 21.75 million in its wholly owned subsidiaries in Jersey, Mauritius and The Netherlands. WNS Global Services invested USD 15.35 million in a joint venture in the UK, General Insurance Corporation infused USD 11.9 million in a wholly owned business in South Afric...

17Sep By AnkitaNo Comments

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Airtel Gets Payment From Jio For New PoIs; Start Joint Testing Now

Bharti Airtel, which has been engaged in an inter-connectivity tiff with Reliance Jio, today said it has received payment from the new entrant for additional points of interconnect, and sought Jio's cooperation for timely testing and commissioning of the network ports. Airtel said while interconnect agreement provides for a commissioning period of 90 days, the company will work towards releasing the points of interconnect or PoIs "well ahead" of the contractual obligation. The telecom operator said it has ensured there are no capacity constraints from its end. "We hope Jio will extend its full cooperation to ensure timely testing and commissioning of the PoIs," it said in a statement. Airtel released `demand notes for the additional PoIs on September 14 itself, the statement said ...