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Microsoft Acquire Coding Site GitHub Inc For $7.5 Bn

4Jun By Gauri SinghNo Comments

ACQUISITION

Microsoft Acquire Coding Site GitHub Inc For $7.5 Bn

According to the reports, the software leader Microsoft has approved of buying out GitHub Inc. for $7.5 Billion. Github is the world's leading company for providing open-source code hosting services. GitHub was last valued at $2 billion back in 2015, however, the terms of the present deal are still not known and have neither been publicized by the company. Microsoft said in a statement, "it will acquire GitHub for USD 7.5 billion in Microsoft stock." Subject to customary closing conditions and regulatory review, the deal is expected to be finalized by the end of the year. GitHub Inc. is a private company which is basically an internet-based hosting service designs and develops an online platform to enable the users to store and share codes repositories (a central location in wh...

Google Steps Back from Continuing the Military AI Project

4Jun By Gauri SinghNo Comments

USA

Google Steps Back from Continuing the Military AI Project

The Google employees have lately discovered that the most popular multinational technology company will withdraw from a contract to assist the military in making use of Artificial Intelligence (AI) to examine drone videos, followed with a disapproval by the workers. On Friday, An executive from Google's cloud team proclaimed and told the employees that the company would not attempt or desire to renew the disputable deal after it expires next year. When the company came across the fact that the military was associated with the US Department of Defence, it thrived the feeling of rebellion inside the internet titan. An internally drawn request or petition appealing for the authority of Google to remain away from the "business of war" gathered end number of signatures, however, some work...

3Jun By Gauri SinghNo Comments

CHINA

China Signs a Deal worth $390 billion with Belt and Road Countries

China has signed a contract regarding trade deals with the member countries of its enterprising 'Belt and Road Initiative'. As reported by the Chinese Ministry of Commerce, the deal worth USD 390 billion has been signed in the first four months of this year. The Belt and Road Initiative (BRI) is an expansion programme initiated in 2013 by the Chinese government the objective of which is to maintain connectivity and cooperation between Eurasian countries. The BRI's aim is to build trade and infrastructure networks linking economies around the whole world along the ancient Silk Route. At present, over 100 countries and international organizations have supported and became a part of this initiative. Gao Feng, the commerce ministry spokesperson confirmed the news and quoted,"China and coun...

Indian Activists Urge the Messaging Apps to Modify their Group Chat Feature

2Jun By Gauri SinghNo Comments

News

Indian Activists Urge the Messaging Apps to Modify their Group Chat Feature

The technology-based messaging apps like Whatsapp Messenger, Telegram, Signal, Facebook and others are now obliged to bring in customization in the group chat feature on their respective platforms. A group of Indian activists on Friday said that the modifications should be made so that the users can no longer be added to group chats without express consent. The letter signed by Software Freedom Law Centre and a few other civil society organizations and individuals read,"In the absence of a mechanism to prevent themselves from being added to groups that they would not like to participate in, users have no option but to manually exit the groups." The Indian activists sent an open letter to the CEOs of the messaging service providers including Facebook CEO Mark Zuckerberg and Telegram ...

Airtel and Idea Witness Addition in Subscriptions Defeating Vodafone

2Jun By Gauri SinghNo Comments

BUSINESS

Airtel and Idea Witness Addition in Subscriptions Defeating Vodafone

Bharti Airtel and Idea Cellular, the Indian telecom service providers have together added over one crore mobile subscribers in April 2018 according to the information provided by the Cellular Operators Association of India (COAI). On the other hand, Vodafone suffered a loss of over 6.64 lakh customers in the same time period. A statement by the Cellular Association of India stated that the maximum number of additions were made by Idea Cellular fetching up its subscription number to 216.76 million, adding 5.55 million customers. Rajan S Mathews, COAI Director General said,"The growth seen in mobile subscribers this month is encouraging, and the industry is working daily to ensure that connectivity reaches the farthest corners of the country." The director general also informed that the...

Former SoftBank COO Nikesh Arora Appointed as the CEO of Palo Alto

2Jun By Gauri SinghNo Comments

News

Former SoftBank COO Nikesh Arora Appointed as the CEO of Palo Alto

Nikesh Arora, an Indian businessman who was the president and COO of SoftBank Group, has now been appointed as the CEO and chairman of 'Palo Alto Networks', the global cybersecurity leader. Arora has replaced Mark McLaughlin who has been the head for nearly seven years and has played a major role in its difficult stage of growth. The past CEO will now become the board's vice chairman. He said he wanted to step down as CEO so that he could spend more time with his family. McLaughlin, in this context, expressed,"Over the course of several quarters, I have been discussing succession planning with the Board and I couldn't be more pleased that we have found a leader in Nikesh." Nikesh Arora has worked with SoftBank as well as with Google. He served at SoftBank from 2014 until 2016, when he...

PhonePe on The Ladder of Success, Crossed 100 Million Users

2Jun By Gauri SinghNo Comments

News

PhonePe on The Ladder of Success, Crossed 100 Million Users

The Bengaluru-based Flipkart-owned company PhonePe has reportedly made its way across 100 million registered users on its platform in less than two years of its inauguration. The company's annual total payments volume (TPV) have also received a boost crossing $20 billion in the month of May. Paytm, the firm's close rival stated its annualised transactions amounting to $29 billion through its platform performing 63 million transactions in April, while the Digital payments firm PhonPe has performed 60 million transactions with a total of 30 million customers using Unified Payments Interface (UPI) in the month of May which is quite close to its competitor. “We have gone from launch to 100 million users in just 21 months. Our next goal is to onboard a million merchants for our customers, a...

World’s Highest-Valued AI Company Raises $1.2 Billion Within 2 Months

2Jun By Gauri SinghNo Comments

FUNDING

World’s Highest-Valued AI Company Raises $1.2 Billion Within 2 Months

China's leading artificial intelligence company, SenseTime has raised $620 million in its latest Series C+ round of fundraising, being the world's highest-valued AI company at a valuation of more than $4.5 billion. The company had raised $600 million last month Alibaba-led investors and Singapore’s state investment firm and now is back with an upraise. The latest funding of the startup is being carried on in association with some well-known and noteworthy companies - Fidelity International, Hopu Capital, Silver Lake and Tiger Global. SenseTime confirmed that Qualcomm, which formerly sponsored the firm, was also in this round. The new investment brought the amount raised to more than $1.2 billion and tripling its valuation in under a year. SenseTime is at present valued at over $4.5 bill...

Google Launches an Indian Q&A App Neighbourly

1Jun By Gauri SinghNo Comments

Tech

Google Launches an Indian Q&A App Neighbourly

The American technology company Google is lately focusing on India quite a lot. The technology giant has just instigated an all-new Q&A app in beta known as 'Neighbourly' (targeted at neighborhood communities) which will resolve the queries related to places and events in your community. The Android application will enable the users to ask questions to their neighbors through text or by voice and find well-grounded and admissible answers. The people can share local expert skill or knowledge, and keep updates from the neighborhood.In a blog, Caesar Sengupta, VP of Next Billion Users Team, said, "People nearby often have the exact information you need, but they are too busy these days to stop and chat on the street or in the park. And group chats keep getting bigger and noisier - and oft...

1Jun By Gauri SinghNo Comments

INDIA

India’s GST Revenue Collection Crosses 94,000 Crore

Hasmukh Adhia, the Union Finance Secretary has announced that the revenue collection from the total goods and services tax (GST) for the month of May amounted to Rs 94,016 crores. The news became trending on Friday after the statement given by Adhia. In this context, he quoted, "The total GST collection for May (April revenue collected in May) is Rs 94,016 crore, which is higher compared to average monthly collection of Rs 89,885 crore of 2017-18. This reflects better compliance after introduction of e-way bills." Digging into the details, the Finance Ministry's information as filed in the reports revealed that out of the total amount of revenue, Central GST (CGST) amounted to Rs 15,866 crore while the State GST (SGST) amounted to Rs 21,691 crore. On the other hand, Rs 49,120 crore w...

1Jun By Gauri SinghNo Comments

BUSINESS

Amazon India Unit Suffers Heavy Losses

Amazon Seller Services, the Indian unit of US e-commerce retailer Amazon has witnessed a growth in their losses by 31% in the financial year 2016-17 reaching up to Rs. 4,830.6 crore. This is because of the exaggerated investments in the country in order to fight against its competitor, Flipkart. The Amazon Seller Services handles and operates a marketplace that assists the sellers to sell their products online in India and globally as well. Though due to investments, the company suffered losses, the revenue from the sales saw a rise of 43%, from Rs 2,276 crore in 2016 to Rs 3,256.6 crore in the year ended March 2017. In 2015-16, the Bengaluru-based unit suffered a net loss of Rs 3,679.9 crore. Where the competitor company Flipkart succeeded in lowering its losses to Rs 1,638.6 crore ...

Patanjali’s Kimbho Removed from Google Play Store

1Jun By Gauri SinghNo Comments

News

Patanjali’s Kimbho Removed from Google Play Store

WhatsApp's rival, Patanjali's messaging app Kimbho that was being talked about yesterday, has now disappeared from the Google Play Store as well as from its own webpage. Within a day of its launch, the 'Swadeshi Messaging Platform' has been suspended due to some security issues as reported by some users who downloaded it for the day. At the time of its availability, the app reached up to 1.5 lakh downloads and was rated 3.9 out of 5. The spokesperson of Patanjali S K Tijarawala who confirmed its launch yesterday has now tweeted that Kimbho was only updated for a day on 'trial basis' and would soon make a comeback with a formal launch. On the other hand, a message on Kimbho's twitter page said that the app was facing heavy traffic issues and is now in the process of upgrading its serv...