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3May By PriyankaNo Comments

News

Paytm Sold Over 30 kgs of Digital Gold

Alibaba-backed Paytm today said it has sold over 30 kgs of digital gold in six days of launching the service in partnership with gold refiner, MMTC- PAMP. Last week, the two companies had launched Digital Gold service that allowed customers to buy and sell gold through Paytms electronic platform. The facility allowed people to buy gold for as low as a Re. "We are registering high traction from smaller cities as well since consumers now have better access to high quality gold at small ticket prices," Paytm Senior Vice President Krishna Hegde said in a statement. Using their Paytm mobile wallets, consumers can purchase 24K 999.9 purity gold online and store it in MMTC-PAMPs secure vaults free of charge. They can also request for their gold to be delivered at their homes in the...

Indian Government Propose New Manufacturing Scheme To Apple

30Apr By PriyankaNo Comments

INDIA, News

Indian Government Propose New Manufacturing Scheme To Apple

The government wants iPhone maker Apple to consider a new manufacturing scheme offering duty benefits to set up its plants in the country. "Apple had asked for a set of concessions. For a period of 15 years all the components that Apple imports, they want them to be free of duty. We have a phased manufacturing programme (PMP) because we want more and more value addition to come to the country. We want them to understand how this PMP will work and how they can dove tail into that," Ministry of Electronics and IT Secretary Aruna Sundararajan told reporters today. She was speaking on the sidelines of the annual session of the Confederation of Indian Industry (CII). IT and Law Minister Ravi Shankar Prasad has approved PMP and the government set to notify it. "Right now the value...

28Apr By PriyankaNo Comments

INDIA

Google Expanded Support For Nine More Indian Languages

Google has expanded support for nine more Indian languages, including Gujarati, Punjabi, Malayalam and Kannada, across various products to ensure more people can access Internet in a language of their choice. Powered by 'neural machine translation', users will be able to translate between English and nine widely-used Indian languages — Hindi, Bengali, Marathi, Tamil, Telugu, Gujarati, Punjabi, Malayalam and Kannada. The new technology translates full sentences instead of doing it in pieces and therefore, offers better quality translation. The new translation capability will be available for Google Search and Maps -- both on mobile and desktop. "India today has 234 million Indian Language users who are online, compared to 175 million English web users. We expect another 300 mill...

Infosys Launches Infosys Nia- The Next Generation Integrated Artificial Intelligence Platform

27Apr By PriyankaNo Comments

News

Infosys Launches Infosys Nia- The Next Generation Integrated Artificial Intelligence Platform

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company's first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge. Together, both these products have amassed 50+ clients and 150+ engagements across all industry sectors, within a year of operations. Infosys Nia converges the big data/analytics, machine learning, knowledge management, infrastructure management services etc. As a unified, flexible, and modular platform, Infosys Nia enables a wide set of industry and function-specific solutions and allows customers to build custom experiences to suit their business needs....

TCS Launched Single Merchant Pay to Help Retailers

25Apr By PriyankaNo Comments

News

TCS Launched Single Merchant Pay to Help Retailers

Tata Consultancy Services (TCS) has launched Merchant Pay to help retailers seamlessly integrate payments across multiple channels like Aadhaar, credit and debit card as well as phone-based payments through a single interface. Merchant Pay will allow consumers to transact by using fingerprint and confirming identity at stores that are enabled with this platform, TCS said at a statement. "With numerous digital payment methods like UPI, eWallets, Aadhaar Pay, Debit and Credit cards available, there was a need for a unified platform that integrates all digital payment methods offering convenience to customers and also allowing merchants to accept any form of digital payment," TCS President Growth Markets Ravi Viswanathan said. "The Merchant Pay platform will effectively integrate with va...

HCL Tech Acquire US Based Urban Fulfillment Services

25Apr By PriyankaNo Comments

ACQUISITION

HCL Tech Acquire US Based Urban Fulfillment Services

India's fourth largest software services firm HCL Technologies today said it will acquire US- based Urban Fulfillment Services (UFS) for up to USD 30 million (over Rs 193 crore) in cash. UFS is a provider of mortgage business process and fulfilment services. Founded in 2002, the company has over 350 highly skilled professionals. It has three centres in the US. The total cash consideration for this transaction is up to USD 30 million, including contingent payments subject to certain financial milestones, HCL said in a regulatory filing. The deal is expected to be completed by June this year, subject to certain closing conditions including transfer of licences and approval of the customers, it added. Mortgage servicing is a regulated activity in the US and the transaction would r...

Samsung to Update Software Over ‘Red Screen’ Problem in S8 Smartphones

24Apr By PriyankaNo Comments

Tech

Samsung to Update Software Over ‘Red Screen’ Problem in S8 Smartphones

Electronics giant Samsung will this week offer an unusually early software update for its newly- released Galaxy S8 phone, it said today after some consumers complained of red-tinted screens. The launch of the device is a key step for the South Korean tech firm as it seeks to move on from last year's humiliating withdrawal of the Galaxy Note 7 over exploding batteries, which hammered the firm's once-stellar reputation. The Galaxy S8 started over-the-counter sales in the US and its home market but South Korean users who pre-ordered the phones complained their screens displayed an unusually reddish hue. Online images of their phones went viral on social media but Samsung denied a hardware flaw and maintained that users could manually adjust the colour range according to their prefer...

New Digital Map to Track Racial Diversity in US

23Apr By PriyankaNo Comments

USA

New Digital Map to Track Racial Diversity in US

Scientists in the US have created the most detailed digital map to track the changing racial diversity of every neighbourhood in the country. Researchers from University of Cincinnati (UC) in the US applied NASA map making techniques to 20 years of data collected by the US Census Bureau to build one of the most detailed racial-diversity maps ever created. They take advantage of NASA land-cover grids made up of 30-square-metre blocks. Using this grid system, they can more precisely group people where they actually live by recognising lakes, parks, factories and otherwise uninhabitable areas. Researchers combined land-cover mapping techniques with cumbersome volumes of federal data collected every 10 years in the census. The zoomable map shows at a glance how the racial compositi...

Express Avenue Launches Robot to Enhance Visitors Experience

23Apr By PriyankaNo Comments

News

Express Avenue Launches Robot to Enhance Visitors Experience

Express Avenue, run by the Express Infrastructure Pvt Ltd, today launched a robot "EA BOT" aimed at enhancing customer experience of visitors to the shopping mall. The EA-BOT, a five-feet robot, is equipped with 22-inch screen that will help the guests visiting the mall get access to details of stores, directions, deals of the day offered by various shops, a press release said. The 85kg robot will roam around the central atrium of Express Avenue mall located at Royapettah in the city. EA BOT is automatic and has a specific perimeter and travel zone, it said. "I hope EA BOT will be useful for mall guests rather than the excitement factors it carries," Express Infrastructure chairperson Saroj Goenka said. British Deputy High Commissioner Bharat Joshi, Australian Deputy Consul...

21Apr By PriyankaNo Comments

FUNDING

Ola Looking To Raise $100 Million in Fresh Funding to Fuel Expansion

Cab aggregator Ola's board has approved raising up to USD 100 million from existing shareholders, primarily to fund its expansion plans. The company, which is locked in an intense battle with American rival Uber, had recently raised funds to the tune of Rs 1,675 crore from its Japanese investor, SoftBank. The approval was for issuance of convertible securities at a price of Rs 13,521 apiece through a rights issue. ANI Technologies, which operates Ola today said, "its board has approved raising up to USD 100 million (about Rs 670 crore) by issue of 495,526 Series 'l1' preference shares of face value INR 10 each at a price per subscription share equivalent to INR 13,521". As per the filing made to the Corporate Affairs Ministry under the Companies Act, the rights issue was scheduled ...

20Apr By PriyankaNo Comments

INDIA

Indian Govt is Working on Data Protection Law

The government is working on exclusive framework on data protection to strengthen privacy provisions and check misuse of personal information, a top official said. IT Secretary Aruna Sundararajan said that the government has "already taken cognisance of the fact that data is being put out indiscriminately in certain cases". She said that the IT ministry is working on exclusive framework of privacy rules which will be soon placed in public domain for consultation. "We have written to banks, all ministries and states to ensure that citizens data is treated as sacrosanct and is used only the purpose for which it is collected. If any body found violating this, action will be taken in accordance with law," Sundararajan told reporters at an IAMAI event here. She was responding to que...

Housing.com Re-enter Into Rental Business

18Apr By PriyankaNo Comments

News

Housing.com Re-enter Into Rental Business

Realty portal Housing.com, which has recently merged with PropTiger.com, has re-entered into rent business and targets to list 2 lakh homes in the next three months. Housing.com, which was founded in 2012, initially focused on providing independently verified listings of homes to address the issue of finding homes for rent in metros and major cities. However, the company had in November 2015 decided to restructure its business to focus only on buying and selling of apartments. "... The reintroduction of rentals is a crucial step for the brand which was a leading player in the segment," Housing.com said in a statement. With the relaunch, the portal has over 60,000 verified units listed to be rented with the number expected to exceed 2,00,000 in three months. Housing.com, part...