Friday, March 29

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NIIT Technologies Renamed itself, Now known as Coforge
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NIIT Technologies Renamed itself, Now known as Coforge

NOIDA, India, Aug. 24, 2020-- NIIT Technologies, a leading global IT solutions and services organization has begun operating under a new name Coforge Limited. This renaming initiative reflects both the evolution of the company as well as its vision for the future. Launched in 1981, the firm has over the last three years charted a very high growth and change trajectory. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides Coforge with a distinct vantage. Coforge leverages AI, Cloud, and Insight-driven technologies, allied with industry expertise to transform client businesses into intelligent, high growth enterprises. The organization's 11,000+ Employees are the change driv...
Apple Launched Music Radio Stations
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Apple Launched Music Radio Stations

CUPERTINO, Calif., 18th Aug 2020-- Apple launched two new live global radio offerings on Apple Music. The flagship global radio station renamed Apple Music 1, and two additional radio stations will launch known as Apple Music Hits (songs from the ’80s, ’90s, and 2000s), and Apple Music Country, spotlighting country music. Since Apple Music’s launch in 2015, Beats 1 has grown into one of the most-listened-to radio stations in the world, consistently delivering the best in-depth artist interviews, more global exclusives and premieres than anywhere else, and unique programming that produces culture-moving, news-making moments year after year. Throughout its evolution, Beats 1 has established an inherent camaraderie with the artist community and championed human curation and discovery ...
BitTorrent Crosses 2 Billion downloads
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BitTorrent Crosses 2 Billion downloads

SAN FRANCISCO, 12th Jul 2020-- BitTorrent, the leading company in peer-to-peer protocols and products, announced that it surpassed 2 billion installations of its popular torrent client software on Windows, Mac, and Android. The company, which offers products across two brands, BitTorrent and µTorrent, credits the milestone on the longstanding popularity of its Classic desktop torrent clients, as well as its new Web-based torrent downloader and player built for the streaming age. In celebration of the milestone, the company is offering 30% off all Windows Pro products for a limited time. "Almost two decades ago the dream of decentralized file transfer was brought into existence by BitTorrent, thus changing the world and positively impacting the lives of people everywhere,” said ...
Twitter in discussion with TikTok for Acquisition
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Twitter in discussion with TikTok for Acquisition

New York, 10th Jul 2020: According to a report, the Social media platform Twitter is in discussions for the acquisition of TikTok USA after Microsoft bid. The move of US President Donald Trump said he would ban the app in 45 days creates an opportunity for a platform like Twitter to make big in the current social media war. Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and economy of the United States.” In an executive order, Trump gave Americans 45 days to stop doing business with the platforms, effectively setting a deadline for a sale of TikTok by its Chinese parent firm ByteDance. He has also demanded that a significant portion of the sale go to the US Treasury. Microsoft has...
Global Remittances could fall $109 billion in 2020 because of COVID-19
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Global Remittances could fall $109 billion in 2020 because of COVID-19

As per the latest report by the World Bank, due to Covid-19, the Global Remittances could fall by $109bn in 2020. The total value of remittances reached $714 billion in 2019. At least 60 low- and middle-income country's GDP depend on remittances that are the most affected now. Tajikistan and Bermuda, for example, both depend on remittances for more than 30% of GDP. Other heavily-dependent countries include Nepal and Haiti. And the countries which rely on remittances the most often have economies which are already fragile. According to the International Monetary Fund (IMF), this money often helps even out trade deficits and provides a key source of tax revenue particularly in terms of indirect taxes like value-added tax and sales tax. Remittances to Asia and the Pacific, which...
Flipkart Launch hyperlocal service ”Flipkart Quick”
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Flipkart Launch hyperlocal service ”Flipkart Quick”

Bengaluru, Jul 28, 2020: Walmart-owned Flipkart announced the launch of its hyperlocal delivery service ''Flipkart Quick'' that will enable customers to receive groceries, fresh vegetables, meat, and mobile phones in 90 minutes. The service will be available in select locations in Bengaluru initially and gradually scaled up and expanded to six large cities by the end of the year, Flipkart Vice-President Sandeep Karwa told Pixr8 News. "Everything which we expect our neighbourhood departmental store to carry is all that we made live. Along with this, we've also announced the launch of our fruits and vegetables, and meats category...we've created a storage space where we've enabled a lot of our sellers to store their inventory," he added. Online grocery delivery has also gained sign...
Netflix Appoint content chief Ted Sarandos as co-CEO, Shares Fall 10%
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Netflix Appoint content chief Ted Sarandos as co-CEO, Shares Fall 10%

San Francisco, 17th Jul 2020: Online streaming platform Netflix promoted its content chief Ted Sarandos as a co-CEO after it forecast that subscriber growth would slow even more than Wall Street expected during the third quarter, sending its shares tumbling 9.5% to $477.15 in after-hours trading. The move to promote content chief as a co-CEO is a clear indication of a successor to co-founder Reed Hastings. Sarandos will continue his role in leading the content operations. Hastings said the two would each work full time as co-CEOs and that he had no plans to leave the company soon. Netflix also gave Chief Product Officer Greg Peters the additional role of a chief operating officer. Netflix forecast it would add 2.5 million new paid streaming customers around the world in this q...
UK bans Huawei from 5G Network
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UK bans Huawei from 5G Network

London, Jul 14, 2020: The UK government banned Huawei from its 5G telecom network, reversing an earlier decision to allow the Chinese tech giant a limited role in building the country's super-fast wireless infrastructure. Huawei will be completely removed from the UK’s 5G networks by the end of 2027, the government announced after a review by the country’s National Cyber Security Centre (NCSC) on the impact of US sanctions against the Chinese telecommunications company. In the lead up to this complete removal of all Huawei kit from UK networks, there will be a total ban on the purchase of any new 5G kit after December 31, 2020. The decision was taken at a meeting of the UK’s National Security Council (NSC) chaired by Prime Minister Boris Johnson, in response to new US sanctions a...
Alibaba’s Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%
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Alibaba’s Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm's annual filing released on Friday showed. The divestment comes as Ma retired as the Chinese e-commerce company's executive chairman in September and pulled back from formal business roles to focus on philanthropy. Alibaba did not disclose the average selling price of his divestment. Its share price has risen around 40% since Ma reported his 6.4% holding in the company a year ago. The stock's stellar performance has been helped by forecast-beating earnings growth, even as China's economy sharply slows, as more people shop online for essentials due to the COVID-19 pandemic. Alibaba Executive Vice...
Germany becomes first country to phase out coal and nuclear
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Germany becomes first country to phase out coal and nuclear

Berlin, Jul 7, 2020: German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayer's money. Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition. The plan is part of Germany's ''energy transition'' an effort to wean Europe's biggest economy off planet-warming fossil fuels and generate all of the country's considerable energy needs from renewable sources. Achieving that goal is made harder than in comparable countries such as France and Britain because of Germany's exis...
India’s Richest Man Company launched Zoom alternative Jiomeet
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India’s Richest Man Company launched Zoom alternative Jiomeet

NEW DELHI, 3rd July 2020: India's richest man Mukesh Ambani's company Reliance Jio officially launched its video conferencing platform JioMeet yesterday. JioMeet is available on Google Play Store, App Store, and for desktop users. The video conferencing app, which can support up to 100 participants at once. Reliance owned Jiomeet will now compete with other video conferencing platforms like Zoom, Google Meet, etc. Also Read: This Indian Startup Has Made a Zoom Alternative, in Just 20 Days Jio Meet is a platform that has much uniqueness, it actually has an ability to work on any device, any operating system, and it has an ability to do a complete collaboration,” Pankaj Pawar, senior VP, Reliance Jio Infocomm, said to Pixr8 News. “And effectively, this collaboration does not...