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Samsung to Launch Mobile Payments Service For Its Android Users

2Feb By PriyankaNo Comments

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Samsung to Launch Mobile Payments Service For Its Android Users

Tech giant Samsung Electronics Co Ltd said on Thursday it will launch a mobile web payments service for all smartphones powered by Google Inc's Android mobile operating system in South Korea in the first quarter. The service, called Samsung Pay Mini, will allow Android smartphones to make online transactions in Samsung's home country after downloading a dedicated app. The company did not comment on whether the service will be offered in other markets. The announcement comes as Samsung seeks to boost its services offerings in a search for new growth. In October-December, the South Korean firm fell behind archrival Apple Inc in the global smartphone market for the first time since the fourth quarter of 2015, hurt by the demise of the fire-prone Galaxy Note 7 smartphones. The new ...

Facebook’s Quarterly Revenue Surges 50.8%, Generate $29.71 Billion in 2017

2Feb By AnkitaNo Comments

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Facebook’s Quarterly Revenue Surges 50.8%, Generate $29.71 Billion in 2017

Facebook Inc's quarterly revenue surged 50.8 percent as the world's largest social network continues to benefit from its aggressive push into mobiles and video. Mobile ad revenue accounted for 84 percent of company's total advertising revenue of USD 8.63 billion in the fourth quarter ended Dec. 31, compared with 80 percent a year earlier. Analysts on average had expected total ad revenue of USD 8.31 billion, according to research firm FactSet Street Account. The strong results allay some concerns after the company warned in November that ad growth would likely slow "meaningfully" due to limits on "ad load" - the total number of ads Facebook can show to each user. Facebook is expected to generate about USD 29.71 billion in mobile ad revenue in 2017, according to research firm eMarkete...

Facebook to Develop App For Television Set-Top Boxes: Report

1Feb By AnkitaNo Comments

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Facebook to Develop App For Television Set-Top Boxes: Report

Facebook is creating an app for television set-top boxes, including Apple's Apple TV, the Wall Street Journal reported, citing people familiar with the matter. The world's biggest online social network is also in discussions with media companies to license long-form, TV-quality programming, the report said on Tuesday. Facebook declined to comment. An app for set-top boxes would bring Facebook closer to live video and video advertisements. Getting advertisers to buy more video ads is key to Facebook's continued revenue growth as such ads fetch higher rates from advertisers than text or photo-based ads. Live video is also becoming a highly competitive feature on social platforms, with companies competing to stream major sports events and exclusive video components from high-profi...

Cleartrip Integrates with Uber API to Offer Local Activities

1Feb By NitishNo Comments

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Cleartrip Integrates with Uber API to Offer Local Activities

Online travel and activities platform Cleartrip today said it has partnered with global ride sharing company Uber that will integrate the latter's Application program interface (API) to make contextual local activity suggestions. This integration will also offer seamless Uber ride requests on the Cleartrip platform, a release issued here said. After this integration Uber riders can now discover and book local experiences in their cities. "We are excited to enable a new channel for our product suite through this partnership with Uber. We are sure this will increase the discoverability of our Local product. We have always innovated on customer experience and this will further the cause by taking the local activity right to the users when they most likely need one," Cleartrip Chief Mark...

Introducing Pepsite to India: The World’s First Mobile Website Builder App

31Jan By NitishNo Comments

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Introducing Pepsite to India: The World’s First Mobile Website Builder App

Starthosting, a web hosting service provider announces the launch of Pepsite, the world's first mobile website builder app for Indian market. Pepsite is a drag-and-editor, which allows anyone to create a unique and professional website. Worldwide, many thousands of small and medium enterprises already use Pepsite, as what they commonly describe as their best choice to make an appearance on the Internet. Starthosting team has more than 16 years of experience with supporting online presence in over 120 countries around the world, and has an Asian support centre in Bangalore since 2012. Website Creation on-the-go - Start Free Pepsite is the first mobile website editor to create and websites on-the-go - any time, any place and from any device. It offers great professional tem...

Uber Starts Bike Sharing Service “uberMOTO” in Hyderabad

30Jan By NitishNo Comments

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Uber Starts Bike Sharing Service “uberMOTO” in Hyderabad

Cab aggregator Uber today commenced operations of uberMOTO, its bike-sharing product, in Hyderabad. The launch of the product was announced at an event held at T-Hub here last month in the presence of Travis Kalanick, Founder and CEO, and K T Rama Rao, Telangana Cabinet Minister for IT, Industries & Commerce. Driver partners of uberMOTO were taken through a training session on various road safety related topics by representatives from the RTO before starting their first trip, the company said in a statement. Kalanick was quoted as saying, "It's (uberMOTO) a quick, easy and affordable way to get around the city. And it's great to be working with a progressive, forward thinking government like Telangana on smart mobility solutions that can help reduce congestion in urban areas." ...

Mark Zuckerberg Criticises Donald Trump on Immigration Limit, Gave Example of His Wife

28Jan By NitishNo Comments

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Mark Zuckerberg Criticises Donald Trump on Immigration Limit, Gave Example of His Wife

America is a nation of immigrants and should be proud of it, Facebook CEO Mark Zuckerberg said as he criticised President Donald Trump's decision to severely limit immigrants and refugees from certain Muslim-majority countries. "Like many of you, I'm concerned about the impact of the recent executive orders signed by President Trump," Zuckerberg wrote on his Facebook page. "We need to keep this country safe, but we should do that by focusing on people who actually pose a threat ... We should also keep our doors open to refugees and those who need help. That's who we are." "We should also keep our doors open to refugees and those who need help. That's who we are. Had we turned away refugees a few decades ago, Priscilla's family wouldn't be here today," he wrote of his wife, Priscilla ...

India Post Gets Payments Bank Licence to Start Services

28Jan By Press Trust of IndiaNo Comments

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India Post Gets Payments Bank Licence to Start Services

India Post has received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit. "India Post has received payments bank licence. The service will be launched as per schedule," a Department of Posts official said. India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm. Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses. The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and oth...

Microsoft’s Market Value Tops $500 Billion Again after 17 years

28Jan By NitishNo Comments

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Microsoft’s Market Value Tops $500 Billion Again after 17 years

Microsoft Corp's market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter of results that beat Wall Street's expectations. Shares of the world's biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion. The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a market value of a little above $550 billion, according to Thomson Reuters data. Despite the gains, Microsoft still lags Apple Inc's market capitalization of about $642 billion and Google-parent Alphabet Inc's market value of a little more than $570 billion. Microsoft reported second-quarter results o...

Ex-Xiaomi India Head Hugo Barra Appoint as a Facebook Virtual Reality Head

27Jan By PriyankaNo Comments

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Ex-Xiaomi India Head Hugo Barra Appoint as a Facebook Virtual Reality Head

Social media giant Facebook has announced it had recruited Hugo Barra, who recently quit a top position with Chinese smartphone maker Xiaomi, as its new head of virtual reality. "I'm excited that Hugo Barra is joining Facebook to lead all of our virtual reality efforts, including our Oculus team," CEO Mark Zuckerberg announced on his personal Facebook page yesterday. "Hugo shares my belief that virtual and augmented reality will be the next major computing platform. They'll enable us to experience completely new things and be more creative than ever before," Zuckerberg wrote. "Hugo is going to help build that future, and I'm looking forward to having him on our team." Barra caused a sensation in 2013 by leaving Google to become a vice president at Xiaomi. The firm, created in 2010...

TK Kurien named Managing Partner & CIO of Premji Invest

27Jan By AnkitaNo Comments

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TK Kurien named Managing Partner & CIO of Premji Invest

Premji Invest, the investment arm of Wipro Chairman Azim Premji, on Thursday said it has appointed TK Kurien as its Managing Partner and Chief Investment Officer (CIO) with effect from February 1. Kurien is Wipro's Executive Vice-Chairman and is set to retire from that post at the end of this month. He succeeds Prakash Parthasarathy who has decided to pursue his entrepreneurial aspirations, a release said. "I am delighted to announce the appointment of TK Kurien as Managing Partner and CIO of Premji Invest," Premji Invest Chairman Azim Premji said. "TK, with his decades of experience in running startups and established enterprises and deep financial acumen, is best positioned to take Premji Invest to the next level." "Prakash has built an excellent organisation at Premji Invest as...

Microsoft Head Satya Nadella Will Join Board of Starbucks

25Jan By PriyankaNo Comments

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Microsoft Head Satya Nadella Will Join Board of Starbucks

Microsoft's India-born CEO Satya Nadella has been nominated to join the Board of Starbucks for his "invaluable insight" in international operations and distribution as the global coffee giant focusses on global growth and innovation. Nadella, 49, has been nominated by Starbucks along with President and Chief Executive Officer of warehouse chain Sam's Club Rosalind Brewer and Executive Chairman of the LEGO Brand Group Jorgen Vig Knudstorp to its Board of Directors. Their election, which will bring the Board strength to 14, requires approval of the company shareholders, who will meet in March, Starbucks said in a statement. Starbucks nominated the three as it seeks to bring diversity to the Board while pursuing its long-term plan for strong global growth and innovation. The compa...