Wednesday, April 24

Author: Sabhyata Agarwal

Google Exposes Microsoft Edge Security Flaw
Tech

Google Exposes Microsoft Edge Security Flaw

The Microsoft Edge Browser has a security flaw that might help the hackers inject malicious code into a user's computer says Google. Google has publicly given the details of Microsoft's Browser defect whose patch hasn't been produced till yet. This might come as a stressing news for the Microsoft edge users as they might be dealing with some infectious agent unbeknown-st to them. The shortcoming of the browser which was earlier discovered in November 2017, by the Google's Project Zero informed Microsoft about the issue in November and gave the company the standard three months disclosure deadline. With the 90 day deadline over, the team force employed by the google tasked with finding zero-day vulnerabilities — Project Zero —went public with the details of the security flaw. Ac...
Guests To Be Welcomed By A Robot At UP Investors Summit 2018
News

Guests To Be Welcomed By A Robot At UP Investors Summit 2018

The Uttar Pradesh Investors Summit which is scheduled to start from tomorrow at Lucknow has a quirky tech awaiting which will surprise the guests and others in attendance. It is reported that a robot which is programmed for speaking three different languages is specially built to welcome the event attenders. The event that is organised to welcome best minds having excellent ideas and investors from the state and more will count at least 18 Union ministers attending the summit including Prime Minister Narendra Modi, Rajnath Singh, Arun Jaitley, Nirmala Sitharaman, Nitin Gadkari, Suresh Prabhu, Smriti Irani, Ravi Shanker Prasad, Dr Harsh Vardhan, V K Singh, Dharmendra Pradhan etc. The ministers will have individual sessions to attract investment for the state. The trilingual robot whic...
Mahindra Group to invest $139 Million for Electric Vehicles in India
News

Mahindra Group to invest $139 Million for Electric Vehicles in India

Its not long since government announced its decision to not bring any separate policies for the electric vehicles. As the Electric Vehicles (EV) manufacturers and owners was hoping for the possibility of some added points in the existing policy, they were left a bit disappointed with the outcome. However looks like Mahindra & Mahindra Limited have taken an instance of trust and so have announced a $139 Mn investment in Electric Vehicles over the next four years. The Indian multinational manufacturer as taken such decision as a part of its expansion plans, and will invest $61.9 Mn (INR 400 Cr) in Karnataka and $77.4 Mn (INR 500 Cr) in Maharashtra. It has already invested $92.9 Mn (INR 600 Cr) in Electric automobile in the last five to six years. The current investment is expected ...
Micro-Lender Aye Finance Raises $3.8 Mn From Hinduja Leyland And Others
FUNDING

Micro-Lender Aye Finance Raises $3.8 Mn From Hinduja Leyland And Others

Aye Finance, a Fintech company providing loan to micro, small and medium enterprises has raised $3.8 Mn (INR 25 Cr) from three investors including including Hinduja Leyland Finance and IntelleGrow. The investment took place through a securitisation deal, facilitated by Vivriti Capital. Aye Finance, which was founded by bankers Sanjay Sharma and Vikram Jetley in 2014, have previously secured $6.28 million from IFMR which happened less than a month ago. It also bagged $1.5 Mn (INR 10 Cr) in a similar kind of  securitisation deal in July 2017. Speaking of the current funding and two of the investors Hinduja Leyland Finance and IntelleGrow, Sanjay Sharma, Co-Founder and Managing Director of Aye Finance said, “I believe if India has to rise with a social balance, the micro businesses at ...
Virgin Hyperloop One: Pune to Mumbai in just 25 Minutes
INDIA

Virgin Hyperloop One: Pune to Mumbai in just 25 Minutes

The transport of the future is here with the Virgin Hyperloop One announcing on Sunday its plan to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track. The hyperloop is believed to decrease the present travel time of approximately 3 hours to 25 minutes. The hyperloop route is planned to link central Pune, Navi Mumbai International Airport, and Mumbai. The company is aiming to connect 26 million people with the hyperloop and supporting 150 Mn passenger trips per year.   Why I believe @Virgin @HyperloopOne could have the same impact upon India in the 21st century as trains did in the 20th century https://t.co/IkYbfIs2yi pic.twitter.com/WEuS6VWbzU — Richard Branson (@richardbranson) February 18, 2018 The American Company declared the fra...
Why Vijay Shekhar Sharma concern may be Valid For Whatsapp Pay Feature
News

Why Vijay Shekhar Sharma concern may be Valid For Whatsapp Pay Feature

The day since the popular messaging app WhatsApp rolled out its digital payment feature, everybody but the founder and CEO of Paytm is not happy. However, maybe its all for the right reasons. WhatsApp, the Facebook owned application announced its entry in the electronic payment space with the feature that allows peer-to-peer money transfer through the messaging app. The payment service is launched in the beta version of WhatsApp for selected users on trial basis. The feature of the messaging platform, that is a fruit to its 200 million users in India with no Login ID and Password, is facing wrath of Vijay Shekhar Sharma, the founder and CEO of the most used digital payment application all over India, Paytm. The founder of Paytm is angry with Facebook and taking a jibe on the forme...
Sectors Contributing To India’s next $100 Billion Growth
INDIA

Sectors Contributing To India’s next $100 Billion Growth

According to the Boston Consulting Group (BCG)-Google India report, digital consumer spending in India is expected to rise to $100 billion from $40 million by 2020. The report that hit the surface on Thursday, marked the potential of the consumers to spend at a much greater level than they already are. The report suggests, the growth in the upcoming years will be led by the increase in the market size of the following sectors :-  In E-commerce the market size will increase by consumer spending, more on Apparel & Consumer Electronics thus increasing the market size from $18 billion to $ 45 billion by 2020. In  Travel and Hotel, the market size will grow from $ 11 billion to $ 20 billion by 2020, specifically with the increase in the International air Travel. In Financial S...
Know Why Twitter Shuts Down Its App For Mac
Tech

Know Why Twitter Shuts Down Its App For Mac

The most used micro-blogging application, Twitter has announced today, that it is ditching its application for Mac, thus moving the users to twitter.com, Tweetdeck or third party websites.  The company wants to focus on its efforts to provide great experience that stays consistent across platforms. They tweeted :   We're focusing our efforts on a great Twitter experience that's consistent across platforms. So, starting today the Twitter for Mac app will no longer be available for download, and in 30 days will no longer be supported. — Twitter Support (@TwitterSupport) February 16, 2018 Since yesterday, the twitter app for Mac is no longer available for download and after 30 days, it will not support the iOS platform Mac-book. (Also read: Twitter Booked Profit For The Fir...
Expense Management Platform Happay Raises Funding From Sequoia And Others
FUNDING

Expense Management Platform Happay Raises Funding From Sequoia And Others

The expense management software for enterprises, Happay has raised Rs 1.60 crore ($250,000) in a fresh round of funding, a report by TechCircle confirms. The IT services company raised a total of $10 million (Rs 65.13 crore) in the round led by existing investor Sequoia Capital. Happay which was found in 2012 in Bangalore, Karnataka raised the same amount at its previous Series B funding in December. The company had raised that round at a post-money valuation of $53-55 million. The funding round observed the involvement of Sequoia Capital, Singapore-based private equity fund Axiom Capital and AME Cloud Ventures, the venture led by Yahoo co-founder Jerry Yang and other investors etc. Previously in 2015, Happay had raised $7.2 million from Sequoia Capital and Prime Venture Partners ...
Zoomcar Raises $40 million Funding From Mahindra & Mahindra
FUNDING

Zoomcar Raises $40 million Funding From Mahindra & Mahindra

The car and bicycle rental company Zoomcar have raised up to Rs 176 crore from Mahindra & Mahindra the Indian multinational car manufacturer. Mahindra & Mahindra (M&M) today said it will invest up to $27.6 million in-car and bicycle rental firm Zoomcar India and Zoomcar Inc, its US incorporated holding parent company. The deal specifies the fact that the investment of such a huge amount of Rs 176 crore when converted to common stock of Zoomcar Inc. ,would constitute approximately 16 per cent stake of the automotive major in Zoomcar Inc. This investment is a part of Series C round of funding worth $40 million (Rs 256 crore) which including the previous investors, the names of which the self-drive car rental startup didn't disclose. The startup ZoomCar was the first in Indi...
Digital Payments in India to touch $1 Trillion by 2023
News

Digital Payments in India to touch $1 Trillion by 2023

After Paytm, Google Tez, Hike and PhonePe like platforms that provide online peer to peer transactions and more, have rolled out, millions of users have moved to electronic payment interface thus expanding the Digital Payment Space. But what is expected to make Digital Payments in India to progress to $1 trillion from $51,756 million (2018) by 2023, is the entry of global players in the country's automated space, as mentioned by investment banking firm Credit Suisse in a report. "Digital payments (in India) currently aggregate less than USD 200 billion, of which mobile is still at just USD 10 billion in financial year (FY) 2018 E (estimated) . We estimate that the total digital payment market in India will grow to USD 1 trillion by FY23E led by the growth in mobile payments," the repor...
Everything You Need to Know about the PNB Scam
INDIA

Everything You Need to Know about the PNB Scam

The second biggest state lender of the country, Punjab National Bank had yesterday informed about the fraudulent transactions of worth Rs 11400 crore, however, it didn't reported anything about the people involved in the scam. Today morning around 10:12 am, it was reported that the suspected fraud has been carried out by the criminal in conspiration with 10 staff members of the bank in one of the branches in Mumbai, as written in the letter to private and public sector banks as well as foreign lenders. It also said, that the glitch was found through the Society for Worldwide Interbank Financial Telecommunication (SWIFT), that one un-authorised junior-level official fraudulently issued Letters of Undertaking (LoUs) on behalf of some companies belonging to Nirav Modi Group. SWIFT, the ...