Friday, March 29

Author: Priyanka

Tax Department To Eye Social Media Accounts To Trace Black Money
BUSINESS

Tax Department To Eye Social Media Accounts To Trace Black Money

The photos of your Singapore vacations trip or your brand new luxury car on Instagram or Facebook may lead the tax department on your doorstep if you're evasing tax or hold black money. The tax department from next month will begin amassing virtual information to trace such frauds. (more…)
Leadership Practices For Startups To Inspire The Team
INSPIRATIONAL

Leadership Practices For Startups To Inspire The Team

We are fascinated by the access economy and this is how the next level of consumerism is going to happen. This is a great time to be in this space. Just at the time when WeWork raises a massive investment of $ 4.4 Billion and Gurgaon has the world’s largest co-coworking space, thanks to GoWork. For those who think, sharing economy will face a glass ceiling soon, sorry to break that, but, it’s just gaining momentum. (more…)
5 Essential Tools and Resources For Startups
ANALYSIS

5 Essential Tools and Resources For Startups

The world today is changing at a rapid pace. People are venturing into the unknown. The rate at which startups are growing is tremendous. But, just like a home needs some must-have tools to build it from scratch, so does a startup. To help those entrepreneurs who foresee a brighter future with their startups and wish to get the right knowledge about those tools that can help them in their endeavors, here is a list of some extremely useful tools and resources.   The Name App     A catchy business name can stay in the minds of your audience forever. Think Google, Apple, and Nike. All these brand names are unique, interesting, and outstanding enough to resonate with their customers. However, if you think that finding such a name involves a lot of time, then wait. The Name App ca...
Cabinet Reshuffle: Nirmala Sitharaman Became The First Full-time Woman Defence Minister
INDIA

Cabinet Reshuffle: Nirmala Sitharaman Became The First Full-time Woman Defence Minister

PM Narendra Modi today announced a major reshuffle of his cabinet where nine new ministers took oath in this fresh reshuffle. Four ministers - Piyush Goyal, Nirmala Sitharaman, Dharmendra Pradhan, Mukhtar Abbas Naqvi - were elevated to cabinet level. This third revamp of PM's cabinet, which would form the last of his government, introduced Nirmala Sitharaman as India's first full-time woman Defence Minister, and second woman Defence Minister after Indira Gandhi, who had held the Defence portfolio twice - from December 1-21 in 1975, and January 14, 1980 to January 15, 1982. Arun Jaitley will keep Finance, and Piyush Goyal has been assigned Railways. Goyal will also take charge as Ministry of Coal. Newly inducted Cabinet minister Mukhtar Abbas Naqvi will take control as the Minister...
IITKGP Innovates Technology For Safer Transport During Rain
INDIA

IITKGP Innovates Technology For Safer Transport During Rain

Researchers from the Department of Electronics and Electrical Communications at IIT Kharagpur have developed a technology that removes blur of rain from videos real-time and displays it on the windscreen of vehicles to reduce accidents. Accidents due to low visibility during heavy rain are a major concern all over the world and a technological solution was much awaited. Also, the solution needed to give real-time visual output with least errors as there is considerable risk involved in case any deviation in the imaging. The technology, Real-time Rain Removal from Videos, is a proprietary algorithm which has a big advantage for Driver Assistance Systems (DAS) that uses video information to impart traffic related information. "The technology is envisioned to be used to enhance the ...
Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners
FUNDING

Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners

Former Myntra executives Prasad Kompalli and Ashutosh Lawania's health tech startup Mfine, has raised $1.5 million in its first round of funding led by Stellaris Venture Partners. The funding round also saw participation from Mayur Abhaya and Rohit MA, healthcare entrepreneurs from Stellaris’ Founder Network. Kompalli, who spent four years with Myntra, and Lawania, who cofounded Myntra, both left the company around December 2016 and started tinkering with the idea of using artificial intelligence in healthcare. “We got excited about the application of artificial intelligence in healthcare and changing the consumer experience,” said Kompalli. “We see a huge opportunity to build a consumer focused digital health platform in India.” The duo is joined at Mfine by former Myntra CTO Ajit...
Zara Founder Amancio Ortega Becomes The World’s Richest Man, Beating Bill Gates
News

Zara Founder Amancio Ortega Becomes The World’s Richest Man, Beating Bill Gates

Spanish retailer Amancio Ortega became the world's richest person on Tuesday, claiming the crown for less than a day. Ortega, 81, is now worth an estimated $85 billion, according to Forbes’ real-time rankings of the world’s billionaires. His net worth is up $1.2 billion in the last month Amancio Ortega, founder of Zara's parent company Inditex SA and Europe's wealthiest person claimed the title of 'World's Richest Person' for a while on Tuesday. (more…)
The Story of 21-Year-Old Wunderkind, Who Forced Facebook and Google To Fight For Him
INSPIRATIONAL

The Story of 21-Year-Old Wunderkind, Who Forced Facebook and Google To Fight For Him

Michael Sayman, a 17-yo joined Facebook Inc. as an intern and soon became a full-time engineer by the time he reached 18. Now this Wunderkind is leaving to join Alphabet's Google. By the way he is only 21! At Facebook, Sayman joined as a product manager who helped the social media giant to understand how his generation uses their phones, advised on experimental products for teens and helped executives understand trends. At Google, he’ll be a product manager for Assistant, its voice-based service built on the search engine’s giant database. Google Assistant is a top priority for Sundar Pichai. The Mountain View, California-based company is working to embed the tool across a range of its own products and on other companies’ devices, facing stiff competition from Amazon.com’s Alexa and ...
Was That An iPhone 8 That Tim Cook Was Carrying In His Pocket
Tech, USA

Was That An iPhone 8 That Tim Cook Was Carrying In His Pocket

People have been going crazy ever since last year to get a peek of Apple's new iPhone 8. The internet has been taken over with dummies of the iPhone 8 model and there are about a thousand videos describing about the probable specs of iPhone 8 alone. It is understood that the device is somewhere being tested in Apple's labs and very much exists. However, Apple CEO Tim Cook might be using one and he might have flaunted us a glimpse of it. Tim recently uploaded a picture of him with team members at CTS in Cincinnati, where he seemed to carry an iPhone 8 in his pocket. Besides there was no confirmation about it, people realized that the phone was too tall to be an iPhone 7 and too narrow to be a 7 Plus. "Looks like Tim Cook is carrying an iPhone 8 in his pocket. It is too tall to be an...
Software Provider Freshworks Acquires Sequoia Capital Backed Zarget
ACQUISITION

Software Provider Freshworks Acquires Sequoia Capital Backed Zarget

Cloud-based business software provider Freshworks (earlier Freshdesk) has acquired Zarget, a website analytics startup backed by marquee investors including Sequoia Capital. This marks the ninth acquisition by Freshworks in the past two years. This acquisition will help Freshworks focus on building marketing solutions for businesses of all sizes, although the terms of the deal were not disclosed. It had earlier acqui-hired chatbot start-up Joe Hukum, data integration platform Pipemonk and social media customer service firm Airwoot, among others. “A growing number of our customers have been asking us to help them in marketing initiatives. Today, our software powers customer engagement across every aspect of the customer journey -from acquisition to support. Acquiring Zarget will enable ...
Sequoia Capital Planning Its Exit From Noida Based Pine Labs
BUSINESS

Sequoia Capital Planning Its Exit From Noida Based Pine Labs

American venture capital firm Sequoia Capital is exploring the options to sell out its portfolio company Pine Labs, one of the country's largest PoS (point of sale) solutions provider. According to the sources reported to ET, Sequoia Capital, who presently owns two-third of this Noida based startup, is targeting a valuation of about $1 billion for it to completely exit the company. In case, such valuation demands are not met, the Menlo Park-based Powerhouse is also considering a partial stake sale in the company in which it had initially invested $1 million in 2009. Avendus Capital has been given the mandate to raise $100 million for a minority stake. "The formal mandate that is ongoing is for a stake sale. Currently , the company is being valued at $600-700 million by peers but ...