Saturday, April 27

Author: Aditya

Gang Posing As Sellers Robbed Flipkart Off Rs 17 Lakhs
18Nov By AdityaNo Comments
News

Gang Posing As Sellers Robbed Flipkart Off Rs 17 Lakhs

[dropcap]A[/dropcap] group of nine people posing as online sellers exploited Flipkart's Seller Protection Fund (SPF) and cheated the billion dollar e-commerce giant. The fraud was being committed since the early 2017 where a group of posers, registered as Flipkart's online seller found a work-around to cheat the company. As per the police report, they studied the SPF scheme that guarantees an automatic refund to the seller if the sold product goes missing or is damaged in transit in case of a return from the customer and plotted to take the company for a ride. Possibly operating out of West Bengal, the gang had registered as different sellers and started shipping their products via Flipkart's logistics services. Every time the customers returned the product stating that the product i...
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India’s Messenger App Hike Has Revenue Issues
17Nov By AdityaNo Comments
ANALYSIS

India’s Messenger App Hike Has Revenue Issues

[dropcap]A[/dropcap]fter Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days! It is not generating any revenue! Its latest filings with RoC shows that the five year old company is right back where it started; as per its March 2017 reports. Once valued at $1.4 billion, the company fails to come up with a significant revenue stream in financial year 2016-coupons that users bought to play in-app games accounted for almost all the operating revenue. In the filings, the company showed a total income of Rs 11.4 crore in comparison to the 34,9 crore in FY2016, which had come on the back of profit from sale of investments. The total expenditure in FY17 was Rs 227.3 crore in comparison to last year's Rs 252.2 crore. The net los...
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Facebook Launches Trust Indicators To News Articles To Identify Journalism
16Nov By AdityaNo Comments
News

Facebook Launches Trust Indicators To News Articles To Identify Journalism

Facebook has announced today that it will be launching, what it called "Trust Indicators" an icon that can help to promote authentic, fact based journalism. Earlier in October, it began to test a new feature to give people additional context on the articles they see in News Feed. "For links to articles shared in News Feed, people can easily tap an icon to access more information, including a description of the publisher, trending articles or related articles about the topic, and information about how the article is being shared by people on Facebook," it said in a blog-post. From today on, they will be displaying a new Trust Indicators on news feed to build a more trustworthy platform, where user can understand the sources and trustworthiness of the news on Facebook. Publishers ma...
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19Sep By AdityaNo Comments
News

Snapchat Removes Al Jazeera Channel In Saudi Arabia

Social Media Platform Snapchat has recently blocked Al Jazeera, a well-known Qatari broadcaster from its app in Saudi Arabia at the request of Saudi authorities, the company said on Sunday. Saudi Arabia told the social media company that the Al Jazeera Discover Publisher Channel violated local laws. "We make an effort to comply with local laws in the countries where we operate," a Snapchat spokesperson said in a statement on Sunday. According to Snap Inc., the Saudi ministry of culture and information found Al Jazeera's Discover Publisher Story channel to be in violation of local laws. Saudi Arabia and its allies the United Arab Emirates, Bahrain and Egypt have been boycotting Qatar since June 5 in the region's worst diplomatic crisis in years. Al Jazeera Media Network's acting...
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Zoomcar to Go International, Bets on Countries in Asia, Africa
12Sep By AdityaNo Comments
News

Zoomcar to Go International, Bets on Countries in Asia, Africa

Zoomcar, Indias first 100 per cent self-drive car rental company, today said it plans to foray into international markets and that it is strongly betting on Zoomcar Associate Program for its next milestone. The company has conducted an in-depth research and has a decent sense of market knowledge in Asia and Africa, Zoomcar CEO and Co-founder, Greg Moran said in a release here today. "Our aim is to be in 20-plus countries in next two-three years. To begin with, our first move would be towards Asia and then eventually get into Africa, which is quite an uncharted market," Moran said in a release here. From the tech point of view, there is a huge opportunity in Africa as few companies have come out with unique innovation, whereas the demographics are like India which again highlights ...
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New Device Can Turn Heat Energy To Fuel
3Sep By AdityaNo Comments
USA

New Device Can Turn Heat Energy To Fuel

Scientists have developed a device that could turn the heat generated by electronics into a usable fuel source, an advance that may help save energy. The device is a multi component, multi layered composite material called a van der Waals Schottky diode, said researchers at Washington State University (WSU) in the US. It converts heat into electricity up to three times more efficiently than silicon - a semiconductor material widely used in the electronics industry, they said. "The ability of our diode to convert heat into electricity is very large compared to other bulk materials currently used in electronics," said Yi Gu, physicist at WSU. "In the future, one layer could be attached to something hot like a car exhaust or a computer motor and another to a surface at room temperatur...
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Innovation Is The New Way Of Doing Things, Subramanian Swamy Told To IITians
2Sep By AdityaNo Comments
Entrepreneurs Talk

Innovation Is The New Way Of Doing Things, Subramanian Swamy Told To IITians

BJP leader Subramanian Swamy has exhorted students of IITs to innovate, become entrepreneurs but never settle for a job which is how they can contribute to the nation's economy and make India a true global, economic and political power. The Need of Innovation "Students take engineering degrees from different streams and later pursue business courses in IIMs or some might settle down for a job. Now, to resolve India's situation, we need to understand that to become a global economic power, there are two possible ways. One is to follow steady growth by increasing capital and labour which is always associated with diminishing returns and less growth. But if one wants to jump growth curves, then the only way known in economics is through "Innovation" new ways of doing things", said Swamy whi...
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Indian School of Business Inks Pact With Sap India For Startups
31Aug By AdityaNo Comments
INDIA

Indian School of Business Inks Pact With Sap India For Startups

The Indian School of Business (ISB) and SAP Labs India have entered into a collaboration to nurture technology-based startups in the social space, focusing on ventures which are working in areas that have relevance to national priorities. According to a statement issued by the ISB, titled Jumpstart Social Enterprise Accelerator, the programme aims to identify and support 10 early stage and 5 growth stage promising ventures by providing guidance, mentorship and scaling up their technology solutions that can bring about a large scale impact in the lives of common people. "Through this initiative, we are supporting in creating investible and growth oriented social enterprises which can contribute to the economic development of our country," said Dilipkumar Khandelwal, Managing Director of...
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