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Paytm Launches QR code-based ‘PayPay’ Service in Japan with SoftBank, Yahoo Japan

22Oct By Gauri SinghNo Comments

News

Paytm Launches QR code-based ‘PayPay’ Service in Japan with SoftBank, Yahoo Japan

Paytm has launched a QR-based smartphone payment settlement service in Japan called PayPay in collaboration with SoftBank and Yahoo Japan Corporation. Paytm had formed a joint venture called ‘PayPay’ corporation with SoftBank and Yahoo Japan, and its first offering is a smartphone-based settlement service that allows users to store money from a bank account in their “PayPay” wallet and make payments with it. Paytm said it is built around its QRtech which it has deployed in India to allow customers to make offline payments. “...PayPay was developed with teams from three different countries working together, it is a true testimony for us and our industry-leading solutions that can be easily ported to suit the needs of any country or market,” Madhur Deora, CFO, Paytm said. Paytm is a...

22Oct By Gauri SinghNo Comments

BUSINESS

Indian Actor Saif Ali Khan Launches Ethnic Label ‘House of Pataudi’ with Myntra

The popular online fashion and lifestyle company Myntra has reportedly launched an ethnic brand with actor Saif Ali Khan known as ‘House of Pataudi’. The company co-owns majority of the brand along with the actor and Exceed Entertainment. “We have seen a lot of searches for ethnic wear on Myntra and decided to launch a brand for both men and women for all occasions,” said Ananth Narayanan, CEO of Myntra-Jabong. “We expect it to become the number one ethnic wear brand on Myntra in the next three years with a potential to have its own brand stores, but for now it’s only online,” he added. Meanwhile, Myntra has plans to launch stores for some of its other private labels. The online fashion retailer aims to launch 100 stores in the next two years. Narayanan believes that ethnic wear in I...

20Oct By Gauri SinghNo Comments

FUNDING

SaaS Startup Hiver Raises $4 Million in Fresh Funding Round

Bengaluru and San Jose-based SaaS-focused startup Hiver has raised an amount of $4 million (Rs 30 crore) in a new round of funding. This particular funding round was led by venture capital firms Kalaari Capital and Kae Capital. Prior to this, the company raised $130,000 in seed funding from the Citrix Startup Accelerator and Paytm founder Vijay Shekhar Sharma in 2012. The company was earlier known as Grexlt. It later rebranded as Hiver last year. The funds from this round will be utilized by the company for product development, as well as expanding its global customer base. “With this investment, we will fuel our efforts to realise our vision of making Gmail a powerful collaboration platform that businesses can use for sales, support and their internal functions,” Niraj Ranjan Rout...

Top 6 Indian Stocks You Need to Pick During Trouble Times

20Oct By Gauri SinghNo Comments

Market

Top 6 Indian Stocks You Need to Pick During Trouble Times

Investing in stocks is a risky job and often people are confused about which stock to choose while they invest a sum. The market since the start of the year 2017 had been very strong with the Nifty registering a 35 percent growth. However, some of the players wiped out of in last 2 months. The index shed more than 10 percent in 2 months surrounded by consistent volatility. This is expected to continue for a few months from now and therefore, people need to dig deep into the market to choose the right stock to invest in. Here we have a list of the top 6 Indian stocks that are preferably beneficial in long-term and also the ones that you should pick during trouble times. 1) GRAPHITE INDIA – This company is basically concerned with the development, manufacturing and marketing o...

Chinese Firms May Now Capture Indian Phone Accessories Market

20Oct By Gauri SinghNo Comments

CHINA

Chinese Firms May Now Capture Indian Phone Accessories Market

The Indian market has been quite influenced by Chinese smartphone makers and thus, China has been able to capture a good portion of the Indian smartphone market. After conquering the country’s smartphone market, the Chinese companies are now trying to capture India's mobile phone accessories market. The Indian mobile phone accessories market is estimated at more than Rs 10,000-crore which is largely unorganized. WK Life, a company that is based in Hong Kong is planning to launch 200 outlets in the country in the next two years to sell mobile phone cases, power banks, earphones and speakers to tap the burgeoning business in India. WK Lifestyle India will open its first store in Mall of India in Noida later this month and would also expand its store network through sub-franchisees. ...

Uber Introduces VoIP Calling Feature on its Platform

20Oct By Gauri SinghNo Comments

Tech

Uber Introduces VoIP Calling Feature on its Platform

The ride-hailing major Uber has come up with VoIP calling feature on its app which will allow users to call the driver (and vice-versa) over Wi-Fi. Thus, the next time you travel via Uber, you can book a ride without having a SIM card connection as well. This might really be helpful if the users wish to save on international roaming costs or if you don't have a working phone while you are traveling. In this case, the users can simply use Wi-Fi to contact the Uber driver. The Uber VoIP call is similar to any VoIP calling apps like WhatsApp, Skype, etc. Also, the users can make use of their mobile internet pack to make calls via Uber app. This will also help both the driver and the rider to be within the Uber app for an improved experience. Uber stated that the idea behind this is t...

Tesla Rolls Out a Cheaper, Mid-Range Model 3

20Oct By Gauri SinghNo Comments

BUSINESS

Tesla Rolls Out a Cheaper, Mid-Range Model 3

One of the largest EV companies Tesla is coming up with a new, cheaper mid-range battery version of the Model 3 that starts at $45,000 before federal tax incentives. Tesla CEO Elon Musk made an announcement about the new variant through Twitter and also stated that it has an estimated battery range of 260 miles. The company’s website has already been updated and the customers in the U.S. can order the mid-range version as of today. The model will soon be offered in Canada as well. Just released lower cost, mid-range Tesla Model 3 & super simple new order page https://t.co/cz0TQn7IOZ — Elon Musk (@elonmusk) October 18, 2018 “As Model 3 production and sales continue to grow rapidly, we’ve achieved a steady volume in manufacturing capacity, allowing us to diversi...

Facebook Appoints Former UK Deputy PM as Head of Global Affairs

20Oct By Gauri SinghNo Comments

News

Facebook Appoints Former UK Deputy PM as Head of Global Affairs

The popular social media platform Facebook has reportedly appointed former British Deputy Prime Minister Nick Clegg for the purpose of leading its global affairs and communications team. This has basically been done as the social network has been dealing with a number of scandals related to privacy, fake news and election meddling. This appointment makes Clegg the most senior European politician ever in a leadership role in Silicon Valley. "Our company is on a critical journey. The challenges we face are serious and clear and now more than ever we need new perspectives to help us though this time of change," Chief Operating Officer Sheryl Sandberg stated. Clegg who is 51 has succeeded Elliot Schrage and will report to Sandberg. He will move to California with his family in the new yea...

Do You Know India’s First Profitable E-commerce Company Lost its 71% Value in One Day

18Oct By Gauri SinghNo Comments

Market

Do You Know India’s First Profitable E-commerce Company Lost its 71% Value in One Day

Indian internet and e-commerce conglomerate Infibeam which is one of the most important companies in the country has lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised issues about the e-commerce company’s accounting practices. The stock of the company collapsed as much as 73 percent before closing 71 percent lower at 58.45 rupees on Friday. The WhatsApp message was sent a few months ago by an Equirus analyst to some clients. This was told by people familiar with the matter asking not to be revealed as they aren’t authorized to speak on the matter. The fall in the valuation induced the company to make a voluntary clarification or explanation to the exchanges stating that there was no pending information or announcement tha...

eBay Files a Lawsuit Against the Largest E-commerce Player

18Oct By Gauri SinghNo Comments

News

eBay Files a Lawsuit Against the Largest E-commerce Player

The e-commerce player eBay has reportedly filed a lawsuit against Amazon stating that the online retail giant used eBay's messaging system to steal its sellers. In the following lawsuit, eBay said Amazon representatives signed up for eBay accounts and messaged sellers to get them to sell their goods on Amazon.com. This violated its user agreement. As far as the complaint is concerned, Amazon representatives spelled out their email addresses and asked eBay sellers to talk on the phone in order to evade detection. eBay called it an “orchestrated, coordinated, worldwide campaign'' to “illegally lure eBay sellers to sell on Amazon.'' US-based retailer Amazon refused to comment on the lawsuit. Both e-commerce platforms eBay and Amazon depend on independent sellers to boost their rev...

Apple Updated Its Privacy Website for the US Users

18Oct By Gauri SinghNo Comments

USA

Apple Updated Its Privacy Website for the US Users

The iPhone maker Apple has launched its online tool for the users in the United States and some other countries with the help of which the users can download, change or delete all the data that the iPhone maker has collected on them. Apple has updated its privacy website with the tool, which was rolled out earlier this year for users in the European Union. With this, the iPhone maker will now let users in the United States, Canada, Australia and New Zealand see and download all information that Apple has collected on them. It also plans to roll out the same tool for all users aosscr the globe by the end of the year. Apple devices such as the iPhone or Apple Watch collect detailed data about users, such as whom they email, call or text message and even biometric data such as heart rat...

California-based Oh My Green Raised $20 million

18Oct By Gauri SinghNo Comments

FUNDING

California-based Oh My Green Raised $20 million

In a fresh funding round, California-based B2B company Oh My Green has raised $20 million. This particular funding round was led by Initialized Capital, Powerplant Ventures, Backed VC, ZhenFund, Talis Capital and the Stanford StartX Fund. With this investment, the company plans to expand throughout the U.S. and gradually launch overseas. The basic motive behind this step is to bring healthier foods to offices around the U.S. The startup offers Nashville nutritional snacks and meals to businesses in San Francisco, Los Angeles, Seattle, Chicago, Austin, Denver, Boston, New York City and Nashville. The company stocks office snack pantries which is a staple at technology startups and caters events, manages cafes and provides wellness programming. Founded in 2014 by Michael Heinrich...