Gauri Singh | Pixr8 News

30May By Gauri SinghNo Comments

BUSINESS

One97 Earns Higher Profits Through Its Legacy Business

India’s leading mobile internet company, One97 Communications Ltd. that owns Paytm carries on to make some profits through its inherited mobile non-core services business. According to the detailed financial statement filed with Registrar of Companies (RoC), the profit is considered to be 45% of the total revenue of One97 in the Financial Year 2017. One97, founded by Vijay Shekhar Sharma delivers commerce services and mobile content to millions of mobile consumers through India’s most widely deployed telecom applications cloud platform. The company also invests in early-stage mobile companies through the One97 Mobility Fund (OMF). However, the legacy business of the mobile internet company is the value added services like caller tunes, mobile marketing, talk time recharges etc. The c...

Apple to Bring OLED Panel Feature in these Upcoming iPhones

30May By Gauri SinghNo Comments

Tech

Apple to Bring OLED Panel Feature in these Upcoming iPhones

The multinational technology company Apple is planning to switch to organic light emitting diode (OLED) displays, similar to that of iPhone X, in the upcoming iPhone models. According to the reports, Apple is expected to launch the three new iPhones in the second half of 2018, out of which two models will feature the OLED display. Apple from the very beginning has been using the LCD display in its models but now, it will make use of a superior quality OLED display. These displays are more power efficient and also, they provide powerful contrast, more vibrant colours and higher brightness. One of the models with come with 6.5-inch and 5.8-inch display-variants and the one is expected to feature a 6.1-inch OLED panel. It is being co...

Whatsapp all Pumped up to Launch its in-app Payment Feature

30May By Gauri SinghNo Comments

News

Whatsapp all Pumped up to Launch its in-app Payment Feature

The Facebook-owned popular messaging application WhatsApp is pumped up to launch its first ever payment service across India making it the first country to support in-app payments. This feature is reported to be introduced as early as next week with an aim to achieve market shares. The payment feature will enable the country’s population to make payments to anyone on their WhatsApp contact list, as well as receive money through the app. Some of the largest banks in the country - HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. have partnered with the messaging app to make this service available to the people. Also, it is being said that the State Bank of India will join once the necessary systems are in place. It is being informed that the social media giant Facebook was seeking to in...

30May By Gauri SinghNo Comments

News

Facebook on a Hunt for India Head

The social media giant Facebook is up for finalizing its new head for the operations in India, and it is basically looking for Top media and FMCG executives. The interviews regarding the same are being taken up by the company’s vice-president for global marketing solutions David Fischer who is in the country for this purpose. A decision would be taken by him after reviewing and close examination. The sources convey that the shortlisted candidates included Hotstar CEO Ajit Mohan, Tata Sky MD Harit Nagpal, Star India MD Sanjay Gupta, and former Karnataka IT secretary Srivatsa Krishna, among others. The leading candidates among these are Hotstar and Tata Sky executives. The job description, for that matter, states that the new India leader will be responsible for Facebook's India ope...

Snapchat Introduces its All New Sound Reacting Lens

29May By Gauri SinghNo Comments

Tech

Snapchat Introduces its All New Sound Reacting Lens

The multimedia messaging app ‘Snapchat’ has reportedly introduced its first-ever lens that will not only react to what it sees but also to the sound. The lens will produce a cute animal face overlay with moveable eyes and ears that pulse and glimmer, depending on the sound. However, Snapchat has yet not revealed exactly the sounds on which the Lens reacts in certain ways, but it seems like the louder the noise, the more will be the reaction of the lens. The company plans to launch more such lenses over the coming week that react to sound as well as what they see. Snapchat already had quite a few fascinating Lenses one can play with, which includes its body-tracking ones that follow us around and its majestic sky whale Lens that uses sky segmentation technology. The app announced its ...

29May By Gauri SinghNo Comments

FUNDING

IIT-Madras Launches a Startup to Assist other Startups in Early-Age Funding

The Indian Institute of Technology-Madras (IIT-Madras) has come up with a startup established with a motive to help other startups in early-stage to inflate their success through Machine Learning and Data Sciences tools and techniques. The institute has named the startup as YNOS Venture Engine CC Private Limited. The founder of the venture is Prof Thillai Rajan who belongs to the department of management studies and has been researching the Indian venture capital industry nearly for a decade. The professor has a stupendous awareness of funding issues at start-ups and therefore he decided to come forth with such a venture. The words of Prof Thillai Rajan in this regard were, “Information and decision making analytics are not easily accessible for early-stage entrepreneurs. Sell-side int...

OnePlus 6 Marvel Avengers Limited Edition to go on Sale Today

29May By Gauri SinghNo Comments

Tech

OnePlus 6 Marvel Avengers Limited Edition to go on Sale Today

The OnePlus 6 Special Marvel Avengers Limited Edition’s sale will start from today at 12 noon, a week after the regular Midnight Black and Mirror Black variants of the phone went on sale for all buyers in India. The customers can buy the limited edition handset on Amazon India and on the official website of OnePlus India. The phone will be up for sale at a price of Rs. 44,999 and comes only with two variants on the basis of storage that include 8GB RAM and 256GB. The phone has similar specifications as the OnePlus 6. However, it comes with a specially designed theme for Marvel Avengers fans. The phone has an attractive and unique back cover, exhibits a gold-colored alert slider. The Marvel limited edition has a gold medal which has the symbol or badge of each Avenger like Thor or Cap...

Zodius Capital raises stake in Zivame upto 45% : Kalaari and IDG exit

28May By Gauri SinghNo Comments

ACQUISITION

Zodius Capital raises stake in Zivame upto 45% : Kalaari and IDG exit

Zodius capital, a tech-oriented investment firm has elevated its stake in Zivame, which is a lingerie retailer by purchasing shares of the early backers of the lingerie startup named Kalaari Capital and IDG Ventures that invested in Zivame in early 2012. According to the reports, the funding agency now controls almost 45% in Zivame. It now has three of the six board seats in Zivame though it has not filled any of the two additional seats. However, the valuation of the stakes sold by Kalaari and IDG Ventures could not be determined. When Zivame last raised capital in September 2015, from Malaysian sovereign wealth fund Khazanah and Zodius Capital, it was valued at over $100 million. Other shareholders in the company so far are Unilazer Ventures, IDG Ventures India, Kalaari Capital, Ra...

Indigo and Air India Express Ranked Amongst the Top 5 Cheapest Airlines Globally

28May By Gauri SinghNo Comments

News

Indigo and Air India Express Ranked Amongst the Top 5 Cheapest Airlines Globally

The budget carriers Air India Express and IndiGo (InterGlobe Aviation Ltd) have made it to the top five cheapest airlines in the world in providing international connectivity. This seems to be an achievement for the country, where the wholly-owned subsidiary of state-run carrier Air India Express has been ranked second whereas the low-cost carrier IndiGo has been placed at the fifth position by the Global Flight Pricing Report prepared by Melbourne-based multimodal travel planning site called Rome2rio. In addition to this, the Jet Airways and Air India have also been placed at the 12th and 13th rank respectively by the report. The Global Flight Pricing Report compared 200 major airlines across the globe to reach the conclusion on the basis of average price per kilometer. The airline ...

Watch out for Samsung Carnival on Amazon : Up to Rs. 5,000 off and Lot More

28May By Gauri SinghNo Comments

Tech

Watch out for Samsung Carnival on Amazon : Up to Rs. 5,000 off and Lot More

The largest online retailer Amazon has yet again started its huge sale days with Samsung for all the Samsung lovers in India. The e-tailer will be offering discounts up to Rs. 5000 on Samsung smartphones, watches and accessories during the four-day sale period starting from today (28th – 31st May). The various blockbuster offers being provided by the e-commerce giant are: 1. Samsung Galaxy On7 Prime - This handset is now available at flat Rs 2,000 discount. The original price of the phone is Rs. 14,990 which can now be purchased at Rs. 12,990. Also, Reliance Jio is giving additional cashback of Rs 2,000 with this smartphone and there is an exchange offer of Rs 11,522. There is also an EMI option starting at Rs 681 per month. 2. Samsung Galaxy On7 Pro - This poc...

21 PSBs Witness Loss of Rs. 25,775 Cr due to Bank Frauds in FY 2018

28May By Gauri SinghNo Comments

News

21 PSBs Witness Loss of Rs. 25,775 Cr due to Bank Frauds in FY 2018

Twenty-one government banks have witnessed a big loss which amounted to Rs. 25,775 crore due to frauds in the banking sector during the financial year 2017-18. The highest amount of loss has been incurred by Punjab National Bank (PNB) totaling Rs 6461.13 crore during the fiscal that ended on the 31st March this year. This was told by Chandrasekhar Gaud to the Press Trust of India, who had filed the RTI with the Reserve Bank of India. The reply which was sent to him did not mention any details regarding any particular case of banking fraud. At present, the Central Bureau of Investigation is scrutinizing one of the biggest baking frauds presumably involving Nirav Modi and Mehul Choksi (diamond merchants) and PNB officials. The investigating agency has filed two charge sheets in the spe...

Cobrapost Sting Accuses Paytm for Sharing Data with PMO

27May By Gauri SinghNo Comments

News

Cobrapost Sting Accuses Paytm for Sharing Data with PMO

Cobrapost news portal conducted a sting operation and it claimed the digital wallet firm, Paytm has breached the user’s privacy by sharing user data related to the details of the protestors in the Kashmir Valley with the Prime Minister’s Office (PMO) on receiving orders from them. In the 13 minutes long video, the cobrapost has exposed the senior Paytm members (Sudhanshu Gupta, Vice President; Ajay Shekhar Sharma, Sr. Vice President of Paytm) accepting that they have shared data with PMO after they got a call. This sting operation was a part of Cobrapost’s investigation ‘Operation-136 II’, in which Ajay Shekhar Sharma (brother of Paytm founder Operation-136 II) said that someone from the PMO asked for data of users to identify stone-pelters. Cobrapost's reporter Pushp Sharma used the...