Sabhyata Agarwal | Pixr8 News

E-commerce Conglomerate Infibeam raises $6.2 Million from TV18

15Feb By Sabhyata AgarwalNo Comments

FUNDING

E-commerce Conglomerate Infibeam raises $6.2 Million from TV18

Infibeam, an Indian e-commerce and internet conglomerate has raised Rs 40 crore from Mukesh Ambani's supervised TV18 Broadcast Limited. The Ahmedabad based e-commerce giant has signed a stock-exchange disclosure according to which Infibeam will issue fully convertible warrants equivalent to a 0.4% stake in the company upon conversion. Infibeam which was a news maker in the year 2017, had the preferential shares been issued at a conversion price of INR 186.91 per equity share as per the company’s BSE filing on February 14, 2018. The conglomerate had recorded a similar transaction in the past with Bennett&Coleman Company Limited, that invested Rs 60 crore in Infibeam by subscribing to preferential warrants in January 2017. Infibeam was founded by former Amazon executive Vishal M...

Paytm Launches Cashless Store in tie-up with Red Tape

15Feb By Sabhyata AgarwalNo Comments

News

Paytm Launches Cashless Store in tie-up with Red Tape

The Indian e-payment application Paytm that acts as an ultimate saviour in times of limited or no physical cash, has now introduced a new feature for its users, adding to its previous long list of characteristics. The Payment through Mobile platform which enables its registered users to recharge, pay&receive, book tickets and buy products and services on discount through the Paytm Mall, have now added one more feature that can vividly provide a customer "Offline as well as Online experience at the same time." This concept is launched in collaboration with REDTAPE, a multi store offering wide range of products like apparel's, accessories, footwear etc. This concept lets a user visit the store physically, choose the product by confirming the size and cost, and then bu...

Punjab National Bank Shares Drop After 11400 Crore Fraud Transaction

14Feb By Sabhyata AgarwalNo Comments

Market

Punjab National Bank Shares Drop After 11400 Crore Fraud Transaction

Multi-national financial institution, Punjab National Bank on Wednesday quoted that it had detected some unauthorised and fraudulent transactions worth $1.77 billion(11400 crore) in one of its branches in Mumbai. Because of the incident, the bank's share price slipped to 9.7 percent within a day. India's second biggest state lender and fourth largest by overall assets, PNB has market capitalisation of Rs 36,000 crore and 2.55 percent of total loan book of Rs 4.5 lakh crore. The fraudulent amount transaction is close to its total market capitalisation. The bank however, does not mention the name of the people involved, but have informed about the same to the law enforcing agencies and would evaluate later whether it faces any liability arising out of the transactions. PNB without ...

Accept Our New Update Or Get Blocked: Snapchat

14Feb By Sabhyata AgarwalNo Comments

Tech

Accept Our New Update Or Get Blocked: Snapchat

Snapchat, a widely used image messaging and multimedia mobile application is facing a major re-approval from its users over its redesign. Last week, Snapchat updated its features and changed the whole platform to target its revenue rates. Since then, the users have bombarded Facebook, Instagram, Twitter etc asking Snapchat to reverse the updates. Dear #snapchatupdate , We hate you. Sincerely, Everyone ? — Mitz (@MitzLove) February 9, 2018 The result of such fierce reaction from the users is due to the confusion and struggle, they are going through to use their favourite features on the platform. Such updates include the difficulty to see stories that would easily appear by swiping right from the main camera screen earlier. Now, the whole update have shifted the ...

When Mukesh Ambani & Andhra CM Did Facebook Live

14Feb By Sabhyata AgarwalNo Comments

INDIA

When Mukesh Ambani & Andhra CM Did Facebook Live

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, met with Amaravati Chief Minister N. Chandrababu Naidu on Tuesday at the state. For the first time, any of such discussion was done live on Facebook, which was viewed by over 3 lakh people thus maintaining transparency. They discussed on matters of e-governance, investment opportunities and business. Andhra CM opened the discussion with him, explaining about what they do and his team has achieved since years. He explained that how everything is done electronically in Andhra Pradesh and said he desires to do every process at one platform which makes the work easy and hassle-free. His system seemed so impressive to the RIL chairman, that he asked the CM jokingly to "expose this system to the whole of India." which ...

10 Business Ideas With Zero Investment and Huge Returns

13Feb By Sabhyata AgarwalNo Comments

Story

10 Business Ideas With Zero Investment and Huge Returns

Remember, when you were a kid, and your mother used to say - "Child, you can be anything in the world, just have faith", she was right. Although while growing up it became clear that not "everything is easy" and there is not "everything one can do". You then decided on a particular field and after getting knocked out by hundreds of people in the race, you gave up only to get stuck between those thousands of ideas of what you can still do and what you can still be. You are now confused. You don't have that idea that can justify your potential, the idea that can give you the life you want, the idea in which there is limited investment and lots of freedom to earn. So, you stay low-key, decide to lay down in the bed all day long, binge watching your favourite show over and again, thin...

World’s First Automatic Transportation Pods Tested In Dubai

12Feb By Sabhyata AgarwalNo Comments

MIDDLE EAST

World’s First Automatic Transportation Pods Tested In Dubai

Technology drives Innovation or Innovation drives Technology, in both case there is an invention. An invention to make a better product than before. Speaking about inventions in transport sector, we have come a long way from bicycle, motorcycle, scooter, car, trains, metro that depends on human labor to work. Although, Driver-less carry pods in Dubai is ready to add a new feather in the transport facilities available. The Emirate's Roads and Transport Authority (RTA) has announced to test independent pods in the country, since it is planning for 25% of the public transport journeys to be driverless by 2030. This is being done in collaboration with US technology firm Next Future Transportation. The agreement seems to build in late 2016, when the Dubai ride hailing service Careem annou...

12Feb By Sabhyata AgarwalNo Comments

INDIA

How Indian Prime Minister Set the Stage For India at Dubai’s World Government Summit

The 6th Annual World Government Summit this year in Dubai where India was a Guest of Honour, witnessed 4000 delegates and 130 Speakers including Narendra Modi, Robert Di Nero, Christine Lagarde, Edouard Phillipe etc and many more. On arriving at Abu Dhabi, PM Narendra Modi met with all the important delegates such as the business leaders of the Gulf Cooperation Council, Vice President, PM of UAE and Ruler of Dubai Mohammed bin Rashid Al Maktoum, the President Kyrgyzstan Sapar Isakov etc. The eventful ceremony observed a delightful instance of PM Narendra Modi speaking about Technology and various other important topics that made the speech trending on twitter with the hashtag #ModiInUAE . Today we welcomed His Excellency @narendramodi Prime Minster of India, as a guest...

9Feb By Sabhyata AgarwalNo Comments

FUNDING

Fitness Platform Healthifyme raises $12 Million in Series B Funding

Healthifyme, an Indian digital weight loss platform has announced its $12 Million Series B funding round by Sistema Asia Fund, with the venture also becoming the member of company's board. Healthifyme that claims to have 4 million users also had Silicon Valley-based Samsung Next, Singapore’s Atlas Asset Management, and Japan’s Dream Incubator as investors in the funding round. Previously in May 2016, it raised $6 million in Series A funding from IDG Ventures India, Inventus Capital and Blume Ventures. In 2015, the company raised an undisclosed amount in Series A funding from independent links. The recent Series Funding B transaction is believed to be the outcome of advise by RainMaker Group in October 2017. The Bengaluru based startup was found in 2012 by Tushar Vashisht, Math...

9Feb By Sabhyata AgarwalNo Comments

FUNDING

Icertis receives $96 million in latest funding by Meritech Capital Partners And More

Icertis, a contract management company offering management software services to enterprise platforms, has secured $50 million in its series D funding. The finance is done by Meritech Capital Partners along with supplementary investments by two of the known tech-Investment companies in the world, PSP Growth and Cross Creek Advisers. Apart from these, the current investors which included B Capital, Ignition, Greycroft, and Eight Roads engaged in the round totalling the funding to $96 million. This funding was followed by Series C funding in last year march, where the total funding was estimated to be $46 million led by B Capital Group and previous investors namely Ignition Partners, Greycroft in partnership with e.ventures and Eight Roads Ventures. Following such capitalisation, it str...

How Indian Youth is Frying in The Politicians ‘Pakoda Politics’

9Feb By Sabhyata AgarwalNo Comments

BLOGS

How Indian Youth is Frying in The Politicians ‘Pakoda Politics’

"If a person sells 'pakodas' and takes home Rs 200 every evening, will it be considered employment or not?", PM Modi said in an interview on Zee News. The statement of the PM created quite a buzz in the opposition parties as what he said implied that even selling Pakodas is a job. In the aftermath, following such statement, politicians from all around India started a debate on social platforms about how can Modi ji advice the jobless, especially youth, to sell Pakodas. Not ony this, citizens majorily youth started to sell pakodas objectifying the promises of the government. The Timeline following the Interview(Feb 19)- January 29 On a question asked about employment in India, PM Narendra Modi resorted to a fact that a person selling chai and pakoda, who earns Rs 200 in order to feed...

Amazon Steps Forward, Plans To Launch Its Own Beauty Products

8Feb By Sabhyata AgarwalNo Comments

News

Amazon Steps Forward, Plans To Launch Its Own Beauty Products

Amazon India is ready to launch its beauty and personal care products, thus giving a cut-throat competition to other major Online beauty stores such as Nykaa, Purplle, Slassy, Jabong, Myntra etc. Previously Flipkart-owned Myntra has also announced to launch its own brand of Beauty and cosmetics products. Leaving no stones unturned, the top two businesses have acquired a much larger share of clients in the market. A person close to the development said "Amazon India is talking to contract manufacturers and will be launching private labels (in-house brands) in a few categories within skin care and makeup". Amazon India and Flipkart have been interested in the women oriented market as the cosmetics and beauty care line has taken a plunge of growth in the last few years. With other online co...