Friday, March 29

Author: Ankita

Paypal to shut down its India Operations
INDIA

Paypal to shut down its India Operations

New Delhi, Feb 5, 2021: Digital payment solution provider Paypal will stop offering domestic payment services within India from April 1. The US-based company will instead focus on enabling more international sales for Indian businesses. 'We will continue to invest in product development that enables Indian businesses to reach nearly 350 million PayPal consumers worldwide, increase their sales internationally, and help the Indian economy return to growth, a PayPal spokesperson said. The company noted that it had processed USD 1.4 billion worth of international sales for over 3.6 lakh merchants in India last year. PayPal can have the greatest positive impact in India's economic recovery by pivoting its business to support customers where they need the company most, the spokesper...
Advantages of Online Exam Proctoring System
BLOGS

Advantages of Online Exam Proctoring System

Online proctored exams based on Ai employees' needs to conquer these frustrations. The online proctoring method enables officials to automatically track participants when taking the test. 3 types of online proctoring are primarily available, live online proctoring, recorded proctoring, and advanced proctoring. Although the first two involve a person’s presence, the advance proctoring excludes human participation. Internet classrooms had become a modern practice after the epidemic of COVID-19. The exams have become automated as well. Effectively coordinating the assessment system that meets the norm of an offline exam is the most important tension. The biggest goal is to develop a workable test by reducing cheating on the role of exam takers. Generally, at an examination hall, an in...
Jeff Bezos will step down as CEO of Amazon
News

Jeff Bezos will step down as CEO of Amazon

New York, Feb 3, 2021: World's leading eCommerce platform Amazon.com Founder & CEO Jeff Bezos will step down later this year as CEO to become executive chairman. Acted as a CEO for 30 years Bezos will be replaced by Andy Jassy, who runs Amazon's cloud-computing business. Under the leadership of Andy Jassy Amaozn cloud-computing business powers video-streaming site Netflix and many other companies, and it has become Amazon's most profitable business. In a blog post to employees, 57-year-old Bezos said, he planned to focus on side projects, including his space exploration company Blue Origin, his philanthropic initiatives, and overseeing The Washington Post, which he owns. “Jeff is really not going anywhere," Amazon's Chief Financial Officer Brian Olsavsky said in a call wit...
Uber Acquires Drizly for $1.1 billion
ACQUISITION

Uber Acquires Drizly for $1.1 billion

February 02, 2021, SAN FRANCISCO & BOSTON-- Cab booking platform Uber to acquire Drizly for approximately $1.1 billion in stock and cash deal. Drizly is the leading on-demand alcohol marketplace available in more than 1,400 cities across a majority of US states. Drizly works with thousands of local merchants to provide consumers with an incredible selection of beer, wine, and spirits with competitive, transparent pricing. After the completion of the transaction, Drizly will become a wholly owned subsidiary of Uber. Drizly’s marketplace will eventually be integrated with the Uber Eats app, while also maintaining a separate Drizly app. Merchants on Drizly will be able to benefit from Uber’s best-in-class routing technology and significant consumer base. Delivery drivers will h...
Australian PM says Bing could replace Google
News

Australian PM says Bing could replace Google

Canberra, Feb 1, 2021: (AP) The Australian prime minister said that Microsoft was confident that it could fill the void if Google carried out its threat to remove its search engine from Australia. A Google executive told a Senate hearing last month that it would likely make its search engine unavailable in Australia if the government went ahead with plans to make tech giants pay for news content. Prime Minister Scott Morrison said he had since spoken to Microsoft chief executive Satya Nadella about its search engine Bing filling the space. “I can tell you, Microsoft''s pretty confident” that Australians would not be worse off, Morrison told the National Press Club of Australia. “These are big technology companies and what's important to Australia, I think, is that we set the r...
GoodTrust Raises $2.3 Million in Seed-Funding, Launched Digital Legacy Platform
FUNDING

GoodTrust Raises $2.3 Million in Seed-Funding, Launched Digital Legacy Platform

PALO ALTO, Calif., Jan. 26, 2021-- GoodTrust, a digital-legacy platform has closed a $2.3 million seed funding round led by Bling Capital, Synetro Ventures, Azure Capital Partners, and Silicon Valley angel investors including Nikesh Arora, Bobby Lo, and Christian Wiklund. Other angel investors feature several current and former Google executives including Scott Levitan, Arjan Dijk, Tony Fagan, Jori Pearsall and Gopi Kallayil. Founded by former Google executive Rikard Steiber, GoodTrust provides a secure digital-legacy platform for online accounts, social media, financial accounts, photos, documents and more. GoodTrust provides a straightforward and simple way of managing all these assets today as well as designating and sharing access with loved ones and other trusted third par...
Walmart Launch Fintech Startup in partnership with Ribbit Capital
News

Walmart Launch Fintech Startup in partnership with Ribbit Capital

BENTONVILLE, Ark., 18th Jan 2021-- Walmart announced the creation of a new fintech startup in a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates. “For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs. And they’ve made it clear they want more from us in the financial services arena,” said John Furner, President and CEO, Walmart US. “We’re thrilled to work with Ribbit Capital in a new venture to help us deliver innovative and needed options to our customers and ass...
Logistics Company Ecom Express expands to Bangladesh
BUSINESS

Logistics Company Ecom Express expands to Bangladesh

Dhaka, 15th Jan 2021: Logistics solutions provider Ecom Express is foraying into the Bangladesh market, marking its maiden venture outside India, a statement said. Ecom Express invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics firm, Paperfly. "With more than 167 million inhabitants and over 90 million internet users, the e-commerce industry in Bangladesh is emerging and has become one of the fastest growing markets in the region. The increasing per-capita disposable income has fueled higher consumption from expanding middle classes," it added. Founded in 2016 by Shahriar Hasan, Md Razibul Islam, Rahath Ahmed and Shamsuddin Ahmed, Paperfly is the first homegrown technology-enabled logistics company in Bangladesh. "The invest...
Elon Musk Foundation donates $5 million to Khan Academy
News

Elon Musk Foundation donates $5 million to Khan Academy

World's richest person and Tesla's co-founder Elon Musk donated $5 million to the American non-profit educational organisation Khan Academy through his Musk Foundation. Khan Academy founder Sal Khan announced this news in a video posted on Twitter. Sal khan said he wants to give a huge shout and thank you to Elon Musk and everyone at the Musk foundation. "Thank you @elonmusk and @MuskFoundation for an incredible $5m donation to @khanacademy," he said. Elon Musk, along with his brother Kimbal, founded this NGO in 2002 which donates and support in several areas, including education, renewable energy research, human space exploration research, pediatric research etc. Founded in 2008, Khan Academy has 120 million registered users and 20 to 30 million students are using the platfor...
RealPage to be Acquired by Thoma Bravo for $10.2 Billion
ACQUISITION

RealPage to be Acquired by Thoma Bravo for $10.2 Billion

SAN FRANCISCO, 21st December 2020-- RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry has entered into a definitive agreement to be acquired by Thoma Bravo, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt. Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon the closing of the transaction. Upon completion of the transaction, RealPage expects to continue operating under the leadership of Chairman and CEO Steve Winn and the existing RealPage leadership team based in Richardson, Texas. “RealPage’s industry-leading platform is critical to the real estate ecosystem and has tremendous potential going fo...
Financial Psychology: The Art of Knowing How to Invest
Market

Financial Psychology: The Art of Knowing How to Invest

If you want to make smarter decisions about money, you can benefit from learning a bit of psychology. Experts in this field have been dissecting consumer and investor behaviour for decades. Today, there are plenty of insights that can improve your relationship with money. Whatever your situation, this knowledge will help you grow your wealth. Humans are irrational things by nature, and they make poor decisions with money all the time. Discover the way psychology and finance are connected. These takeaways will help any trader or investor in India. When Economics and Psychology Come Together Psychology and economics are pretty different subjects. The former is concerned with human behaviour, emotions and cognition. Economics studies the ways we produce, consume and transfer wealth....
Joby Aviation acquires Uber Flying Taxi Business
ACQUISITION

Joby Aviation acquires Uber Flying Taxi Business

Santa Cruz, Calif. and San Francisco, Dec 09, 2020— Joby Aviation, a transportation company developing an electric, vertical take-off and landing passenger aircraft raises $75 million in funding from Uber and acquires Uber Flying Taxi Business 'Uber Elevate. The investment from Uber comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020. Under the terms of this deal, Joby Aviation will acquire Uber Elevate, while the two parent companies have agreed to integrate their respective services into each other’s apps, enabling seamless integration between the ground and air travel for future customers. Joby Aviation is planning to launch their Air Taxi service in 2023. Established in 2016, Uber Elevate has...