Thursday, March 28

Author: Priyanka

First time, Alphabet Disclosed The Profitability of Google's Search Engine
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First time, Alphabet Disclosed The Profitability of Google's Search Engine

MOUNTAIN VIEW, Calif. – Alphabet Inc. announced financial results for the quarter and fiscal year ended December 31, 2015.  Alphabet easily beat Wall Street's quarterly profit forecasts on Monday, helped by strong mobile advertising sales, sending the shares of Google's parent higher in after-hours trading to surpass Apple Inc as the most valuable U.S. company. "Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we've been investing for many years. We're excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people," said Ruth Porat, CFO of Alphabet. For the first time, the company disclosed the profitabil...
Coca Cola to Enter Dairy Drinks Segment in India
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Coca Cola to Enter Dairy Drinks Segment in India

(PTI)- Beverages major Coca Cola on Monday announced its foray into value-added dairy drinks segment in the Indian market with Vio brand, which will make its debut across the country next month. The company, which will introduce two flavours under Vio, has tied up with Reliance Retail as part of pilot launch to make the brand available exclusively across the latter's 500 stores starting tomorrow. "We have been getting into new categories and we will be getting into sparkling drinks with juices. We are now getting into dairy segment with Vio in two flavours in the value added dairy category," Coca Cola India & South West Asia President Venkatesh Kini said. The company has tied up with Schreiber Dynamix Dairies Pvt Ltd which will manufacture the product. Vio will be ava...
Google Vs Oracle: Oracle Revealed Google's Android Revenue Secret
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Google Vs Oracle: Oracle Revealed Google's Android Revenue Secret

Google's Android operating system has generated revenue of about $31 billion and profit of $22 billion since its release, an Oracle Corp lawyer told a U.S. court hearing the software company's copyright lawsuit against Google. A lawyer for Google did not discuss the figure, according to a transcript of the hearing in a Northern California federal court last week. But he said the Alphabet Inc unit might be willing to disclose more information about the revenue produced by Android as part of the court proceedings. The Android mobile operating system began with the release of the Android alpha in November 2007. The first commercial version, Android 1.0, was released in September 2008. Oracle is accusing Google of using its Java software without paying for it to develop Android. Google sa...
Flipkart invests in parenting social network Tinystep
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Flipkart invests in parenting social network Tinystep

Tinystep, a parenting social network, today said it has raised an undisclosed amount in seed funding from Flipkart. The Bengaluru-based startup plans to use the funds to develop the product, enhance user experience and strengthen its team, Tinystep said in a statement. The funding will also be utilised to further accelerate the company's growth and user engagement, it added. Tinystep is a mobile app that helps parents connect with each other to communicate, guide and collaborate with each other on parenting with features like Q&A Forum, individual and group chats. "Silicon Valley has given us Facebook, Twitter, LinkedIn and many more awesome social products, Tinystep can be a tiny gift from India. Flipkart is helping us with the required guidance to continue our excelli...
One More Unicorn in Indian E-commerce industry, ShopClues Raises Fresh Funds
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One More Unicorn in Indian E-commerce industry, ShopClues Raises Fresh Funds

As per the Mint Report Shopclues an Indian E-commerce platform on Tuesday said it has raised a fresh round of funds led by sovereign wealth fund GIC Pvt. Ltd with participation from existing investors Tiger Global Management and Nexus Venture Partners, valuing the company at more than $1.1 billion. Though the amount has not been disclosed but sources said that it will be around $100-$150 million. “Today, we are the dominant player in low price-point and unstructured categories like lifestyle, home, kitchen, electronic and automotive accessories etc. Our focus on selection, value and trusted shopping for Indian middle class consumers has given us tremendous scale with a rapidly growing buyer and merchant network. We are confident that our capital efficiency and execution will make this ...
Mahindra Launched World's First Cloud Connected E Scooter Genze 2.0
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Mahindra Launched World's First Cloud Connected E Scooter Genze 2.0

After years of development, Mahindra has launched GenZe 2.0 at CES 2016.  GenZe 2.0 is world's first cloud-connected E-Scooter. We’ve been hard at work developing the GenZe 2.0, and turning this dream into a reality. Our team has buckled down to introduce the world to a viable solution to the congested commuting climate that has become standard in the US. In fact, 80% of car commutes are made while driving alone. We’re ready to merge into the GenZe lane – and it all starts with our first riders - Mahindra Said in a Press release. The GenZe 2.0 particularly an eye-catching product. it's a polished scooter, and it's remarkably easy to use. It has a low center of gravity thanks to the 30-pound battery that sits right below the seat, and it's extremely composed thanks to a solid suspensi...
Money vs Volunteer: Facebook Loosing battle against Net Neutrality, 300 Crores Ads will Go in Vain
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Money vs Volunteer: Facebook Loosing battle against Net Neutrality, 300 Crores Ads will Go in Vain

Telecom Regulatory Authority of India (TRAI) discards over 14 lakh comments on the differential pricing policy through Facebook's Free Basics campaign. Slamming the campaign, the regulator body reached out to the supporters of Free Basics pointing towards the fact that the campaign supporters does not answer questions raised by TRAI in the consultation paper. TRAI has invited more comments on the consultation paper on 'Differential Pricing for Data Services' extending the deadline for views to January 7. The paper seeks to determine whether the free data and zero­rating plans of telcos are misleading and violate net neutrality rules. As per reports, TRAI has received 18.27 lakh responses so far, some of which are through direct texts while about 14 lakh comments are through F...
Barkha Dutt and Shekhar Gupta Launched Their First Online Venture “The Print”
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Barkha Dutt and Shekhar Gupta Launched Their First Online Venture “The Print”

Shekhar Gupta and Barkha Dutt, two very renown Indian Journalist launched their first online venture The Print, a news media start up. The platform was formaly announced in a first event of The Print called "Off the cuff". However the website has not launched yet. We are waiting to see how the things will goes from here. Barkha @bdutt and I are thrilled to roll out the first small steps in the launch of ThePrint @theprintIndia which we are co-founding — Shekhar Gupta (@ShekharGupta) January 7, 2016 //platform.twitter.com/widgets.js   Shekhar @ShekharGupta and I are thrilled to roll out the first small steps in the launch of ThePrint @theprintindia which we are co-founding— barkha dutt (@BDUTT) January 7, 2016 //platform.twitter.com/widgets.js Senior Journali...
Nuvo Logistics, Which Also Runs Online Grocer PepperTap, Posted Profit In FY15
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Nuvo Logistics, Which Also Runs Online Grocer PepperTap, Posted Profit In FY15

Nuvo Logistics Pvt. Ltd, which also runs online grocer PepperTap, posted a profit in 2014-15 on higher demand for its business of handling product returns, official data showed. The Reverse logistics firm posted a profit of Rs.87 lakh on revenue of Rs.19.5 crore, according to documents filed with the Registrar of Companies. In August 2013, Nuvo logistics had posted a revenue of Rs.61 lakh for the eight-month period ending March 2014 at a loss of Rs.41 lakh. Nuvo Logistics was launched to test the waters in logistics before entering the business-to-consumer (B2C) space. It fulfils almost 10,000-12,000 orders a day and operates across 30 cities in India. Considering the boom in online world they switch into hyperlocal delivery services of groceries under the brand name PepperTap in No...
Report: Bollywood revenues may cross Rs 19,300 cr by FY17
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Report: Bollywood revenues may cross Rs 19,300 cr by FY17

Mumbai, Jan 4 (PTI) Revenues from Indian Film industry, Bollywood, are likely to cross Rs 19,300 crore by next fiscal, owing to aggressive marketing campaigns, growing contribution from overseas markets and improved quality of movies, says a study. The current estimated size of Bollywood is about Rs 15,500 crore. An increased number of multiplexes and growing digitisation in the industry are also contributing to the rise in revenue. “Box office collections in India that are estimated at over Rs 11,500 crore are likely to cross Rs 14,200 crore mark by 2017 and will account for about 74 per buy cialis online cent of the majority of Bollywood revenues,” said the joint study conducted by Assocham and Deloitte. The industry s revenues from overseas box office collections are like...
How Internet transformed Yao Yunfei's traditional garment company in China
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How Internet transformed Yao Yunfei's traditional garment company in China

Yao Yunfei, a son of a traditional Chinese tailor and second successive found of Jiaxing Getelan Garments Co Ltd, shared his view on how the Intnet has transformed the traditional garments industry of a China’s historic town. Yao’s company is located at Wuzhen, a South China’s wat town, a pmanent home for World Intnet Confence event. Back in 1970, the company’s predecessor was a local State-owned factory that produced shirts and blouses. Yao’s fath worked with hundreds of works in the factory. Yao filled his fath’s shoes and began to upgrade the factory in the beginning of er 1980s. “We started to use Intnet to raise funds, develop distribution channels and even crowdfund our designs since last year,” said Yao Yunfei, found of Jiaxing Get...
Zuckerberg makes renewed pitch for Free Basics service
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Zuckerberg makes renewed pitch for Free Basics service

Facebook founder Mark Zuckerberg on Monday made renewed pitch for its controversial Free Basics Internet service in yet another marketing blitz saying it protects net neutrality. Facebook's proposed Free Basics plan allows customers to avail of services like education, health care and employment listings through apps specially designed for this platform on their phones without a data plan but does not allow access to many services such as YouTube, Gmail, Google or Twitter. Zuckerberg appeared on a video to personally promote Free Basics and also wrote a personal appeal in one of the leading newspapers. While Free Basics allows users to access a small number of Web services without charge, it has been criticised by some for alleged violation of the principle of net neutrality, a co...