Thursday, March 28

Author: Ankita

49% Kids Can’t Live Without Social Media – Kaspersky Lab Study
ANALYSIS

49% Kids Can’t Live Without Social Media – Kaspersky Lab Study

Kids today spend more of their lives online than offline, according to research carried out by Kaspersky Lab and iconKids and Youth. As kids grow older, offline activities tend to transfer to the online world. Moreover, three-in-four children prefer to use the Internet to get information, rather than any other source. These findings show that children can become even more vulnerable online without parental supervision and support. Children stay close to their mobile devices all day, and even tend to sleep with them, so that they can go online around the clock from any location. The research shows that four-in-ten are reluctant to put their smartphone down even during mealtimes. Furthermore, 23% of parents of 8-10 year olds admitted that their kids take their mobile phones to bed with...
Uber Users Can Soon Pay For Rides Abroad Using Paytm & Alipay Wallet
News

Uber Users Can Soon Pay For Rides Abroad Using Paytm & Alipay Wallet

Digital payments firm Paytm will enable Uber users to pay for their rides in Indian currency while travelling abroad using its mobile wallet by month-end. Alibaba-backed Paytm will not charge any fees for conversion and the fares will be based on current forex rates. Currently, Indian users need a credit card to pay for Uber rides taken aboard. "We will enable users to pay for their rides in Indian currency while they travel abroad. The integration process is on and should be live by month-end... Users will be able to pay in Indian rupees based on current forex rates," Paytm CEO Vijay Shekhar Sharma said. Uber today announced a partnership with AliPay -- Alibabas online payment solution in China -- to enable users to use AliPays mobile wallet and pay in Chinese Renminbi (RMB) while...
Amazon Bolsters Voice Based-Platform Alexa With Investment in TrackR
FUNDING

Amazon Bolsters Voice Based-Platform Alexa With Investment in TrackR

Amazon.com Inc is investing between $250,000 and $500,000 in Bluetooth technology company TrackR to extend the reach of its Alexa virtual assistant, according to a source familiar with the matter Alexa is the cloud-based system that controls the Amazon Echo, a speaker system launched by Amazon in 2014 that has emerged as a surprise hit. "Alexa" is the name the device responds to when users make requests, such as "turn on radio." Amazon and TrackR declined to comment on the size of the investment. Like Apple Inc's Siri and Google's Google Now, Alexa is designed to answer questions or take other actions in response to simple voice queries. Unlike its rivals, Amazon allows non-Amazon devices to integrate Alexa technology. The investment in TrackR came through Amazon's $100 million "...
Apple Suffers Worst Slowdown in iPhone Sales Since 2013
BUSINESS

Apple Suffers Worst Slowdown in iPhone Sales Since 2013

Tech giant Apple Inc has reported its worst week on the stock market since 2013 with a slowdown in iPhone sales. The shares of Apple have dropped 11 percent in the past five sessions, Reuters reported. The Revenue from China plunged further to 26 percent during the March quarter after Apple's iBooks Stores and iTunes Movie service were shut down in the country last week. "If you are going to buy Apple, you have to buy it for the long term, because the next year or two are going to be very tough," said Michael Yoshikami, chief executive of Destination Wealth Management.
Online Doctor Consultation Startup DocsApp Raises $1.2 mn Seed Funding
FUNDING

Online Doctor Consultation Startup DocsApp Raises $1.2 mn Seed Funding

Online doctor consultation app DocsApp has raised a seed investment of $1.2 million from Japanese venture capital firm by Rebright Partners and angel Investors Anand Rajaraman and ­ Venky Harinarayan, who were also the early investors in Facebook. Satish Kannan, Co­Founder & CEO, DocsApp, said, “With mobile phones becoming the key medium of communication across the country, DocsApp takes advantage of this widespread network to provide high quality primary healthcare services to people across India through our mobile application. The patient doesn't need to travel to have a medical consultation. We want to bridge the gap between patients and doctors through this platform so that people can get expert consultation on demand. We believe that this will also help us take specialised care d...
India Can Save USD 50 Bn if Logistics Costs are Brought Down to 9 Pct of GDP: Study
INDIA

India Can Save USD 50 Bn if Logistics Costs are Brought Down to 9 Pct of GDP: Study

India can save up to USD 50 billion if logistics costs are brought down from 14 percent to nine percent of country's gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said today. "With expected inflow of new investments owing to government's thrust on promoting domestic manufacturing sector, India's cargo and logistics industry is likely to clock a compounded annual growth rate of about 16 percent during the course of next few years," noted the study on 'Cargo and logistics industry in India,' conducted by ASSOCHAM jointly with knowledge firm Resurgent India. "The Make in India campaign will see investments connect India to global production networks that would generate new business for logistics in ...
Yahoo’s Shortlisted Bidders offered Cash Deal
News

Yahoo’s Shortlisted Bidders offered Cash Deal

Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with the matter. The shortlist comprises mainly large companies and big private equity firms including TPG Capital LP, and excludes many small companies that proposed some kind of combination, such as privately held Yellow Pages owner YP LLC, the people said this week. The sources declined to divulge the full list. Some bidders that did not make the shortlist because their first-round offers were not specific enough are still being kept close to the process by Yahoo's advisers, the people said. One of those bidders is Liberty Media Corp Chairman J...
6 Must Have Career Apps in India To Find a Dream Job
ANALYSIS

6 Must Have Career Apps in India To Find a Dream Job

With a number of career options/companies available, the job search is the most daunting task now a day. Looking for a job change is really challenging as it requires a lot of research & time investment. Thanks to the explosion in mobile apps and smartphones, job seekers can now take their job search on the road and be immediately notified of the results their efforts are bringing. A smartphone powered by the Android mobile operating system can be transformed into a powerful job hunting device with the right applications. From finding entry level jobs to resume writing tools to interview tips and from networking to organizing, the following Android apps will help you get the job you deserve. So, here are five amazingly handy and absolutely free mobile phone career apps that every...
SIDBI Sanctioned Rs 1,000 crore to 30 Venture Funds
News

SIDBI Sanctioned Rs 1,000 crore to 30 Venture Funds

The Small Industries Development Bank of India (SIDBI) has sanctioned Rs Rs 1,416 crore crore to 30 venture funds through the government-financed India Aspiration Fund, which seeks to support startups in their early stages. Earlier this month, SIDBI signed a memorandum of understanding with Life Insurance Corporation of India under which the government-owned company would contribute 10% of the fund as a co-investor. "We got many proposals from funds, out of which 35 proposals were recommended by the VCIC to our executive committee. We have already approved 30 of the proposals worth Rs 1,000 crore," Shivaji said. The proposals are from venture funds such as IvyCap Ventures, Blume Ventures and Exfinity Venture Partners. SIDBI will provide these funds about 15% to 20% of their total ...
Nasscom Partnered With Netherlands Government to Promote “Serious Gaming”
BUSINESS

Nasscom Partnered With Netherlands Government to Promote “Serious Gaming”

IT industry body Nasscom has partnered the Netherlands government to promote "serious gaming" in India. As part of the partnership, the two partners organised roadshows across Delhi, Mumbai, Pune and Bengaluru this month, focusing on showcasing the potential of gaming for various sectors. Demos of solutions that have been developed and deployed by reputed Dutch games companies were showcased at these roadshows. Nasccom Gaming Forum also launched Special Interest Group (SIG) on Applied Gaming with Manisha Mohan (Executive Vice President at Tata Interactive Systems) as the Chairperson. The group will also include members from companies like Robosoft, Indusgeeks, Skilldom and Madrat Games. "India has just begun taking gaming seriously as a career and as an avenue to larger growth...
Beijing Based LeEco Launches Driverless Electric Concept Supercar
CHINA

Beijing Based LeEco Launches Driverless Electric Concept Supercar

Chinese technology company LeEco today unveiled what it claimed to be the world's first driverless electric concept supercar. The company, which has an aggressive strategy for Indian smartphone space, also launched three smartphones, Le 2, Le 2 Pro and Le Max 2, and two premium televisions Le Super 4X50 and Pro/X50. The LeSEE supercar encompasses a unique internet design, with a large and flamboyant LED screen. The car works on the idea of "inter-connection" and offers fully-automatic driving functions. It can also learn on its own with facial recognition, emotion recognition, system recognition and path recognition. The company did not share details of the car with regard to commercial launch, time and money invested in developing and price tag, among others. All it said was it w...
Nasscom Tie-Up with Salezshark For Sales Operations
News

Nasscom Tie-Up with Salezshark For Sales Operations

SalezShark, a relationship cloud based startup in USA will handle customer relationship management of Nasscom.  Salezshark has chosen over the likes of Microsoft and American cloud computing company Salesforce.com to handle sales operations of Nasscom. SalezShark will now manage the entire gamut of operations from marketing, events and publications to internal member and non-member data, functions for which Nasscom had been relying on multiple systems. "Requirement came from Nasscom's end to manage their huge data and help increase productivity within the organisation," said SalezShark founder Ajay Chauhan. "They will utilise SalezShark for our sales and marketing automation as well as introduce social selling in their sales culture," he said. SalezShark has implemented a marketing eng...