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Uber to Pay USD 2,25,000 as Settlement in Lawsuit

2May By AdityaNo Comments

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Uber to Pay USD 2,25,000 as Settlement in Lawsuit

American multinational online transportation network company Uber has agreed to pay USD 2,25,000 over three years to the National Federation of the Blind to settle a lawsuit alleging discrimination against blind riders. The settlement also requires Uber to notify drivers that they must provide transport to customers with service animals (a dog that is individually trained to do work or perform tasks for a person with a disability), the Verge quoted the company as saying in a statement. The National Federation of the Blind will also have to take the blind customers to test rides to ensure the settlement is being followed. "Our goal at Uber is to make transportation options more accessible to all individuals, including those who are blind, low-vision or have other disabilities. We are...

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

1May By AdityaNo Comments

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Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

IANS- The excessive delay in Reliance Jio's commercial launch is frustrating investors, a Citi Group report said. "The ensuing delay could be testing investors' patience. It raises concerns of Jio further eroding its first mover advantage. The capital expenditure targets also continue to go up," the report said. The delay is expected to be on the account of the company's chase for "perfection", it said. "RIL (Reliance Industries Ltd) is leaving no stone unturned in ensuring Jio does not over-promise and under-deliver. The company now plans to fully integrate Reliance Communication's 800 MHz spectrum before the Jio launch (making it the only player with sub-1GHz pan-India LTE spectrum," the report said. "It (RIL) also plans to increase the coverage to 90 per cent (from 70 per ce...

Facebook Reports Surge in Revenue From Ads

30Apr By PriyankaNo Comments

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Facebook Reports Surge in Revenue From Ads

Social networking giant Facebook has announced an increase of 15 per cent in active users and as a result surge in advertising revenues as well by 57 per cent. "We had a great start to the year. We are focused on our 10-year roadmap to give everyone in the world the power to share anything they want with anyone," said founder and CEO Mark Zuckerberg. Last month, the site announced that it would be letting people order things within its chat services. People can head to the Messenger app and chat to their favourite flower or pizza company, the independent reports. Headquartered in Menlo Park, California, Facebook, Inc. held its initial public offering in February 2012 and began selling stock to the public three months later, reaching an original peak market capitalization of USD 10...

Yahoo’s Shortlisted Bidders offered Cash Deal

30Apr By AnkitaNo Comments

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Yahoo’s Shortlisted Bidders offered Cash Deal

Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with the matter. The shortlist comprises mainly large companies and big private equity firms including TPG Capital LP, and excludes many small companies that proposed some kind of combination, such as privately held Yellow Pages owner YP LLC, the people said this week. The sources declined to divulge the full list. Some bidders that did not make the shortlist because their first-round offers were not specific enough are still being kept close to the process by Yahoo's advisers, the people said. One of those bidders is Liberty Media Corp Chairman J...

6 Percent Levy Tax Will Hurt Indian Tech Startups: Report

29Apr By PriyankaNo Comments

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6 Percent Levy Tax Will Hurt Indian Tech Startups: Report

The proposed 6 percent levy on online advertisement revenue of foreign companies will "severely raise the cost of doing business" for Indian tech startups, industry body IAMAI said today. "Tech startups are already paying 14.5 per cent service tax to use these ad platforms, which amounts to an estimated Rs 906 crore of taxes to government. With GST implementation, the tax rate is likely to move to 18 per cent bringing more taxes to the government from this segment," Internet and Mobile Association of India (IAMAI) said in a statement. Considering that the incidence of 6 per cent levy will be passed on to the advertisers by the ad platforms, the total burden to SMEs and tech startups on account of equalisation levy would be an additional burden of Rs 429 crore, a massive hike of nearly 50...

Anil Kapoor Backed Social Video Platform Goes Live in India

29Apr By AdityaNo Comments

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Anil Kapoor Backed Social Video Platform Goes Live in India

Backed by renowned Bollywood actor and International Celebrity, Anil Kapoor, Indi.com registers its presence in the Indian market with a dedicated platform. As a social video platform for millennials and beyond, Indi.com aims to democratize talent discovery and boost social media engagement for brands, whilst integrating multiple popular platforms like Facebook, Twitter and Instagram. Initially serving as an online artist consortium, Indi.com was incepted in 2012 in Southern California. Today being accessed by people from over 200 countries, the platform works as an extensive resource for brands to drive more meaningful and deep-rooted social media engagement. Brands can initiate challenges and contests which the user will participate in by creating original content at Indi.com and s...

CouponDunia Eyes $20 mn Revenue in FY17, Launches Cashback

29Apr By Press Trust of IndiaNo Comments

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CouponDunia Eyes $20 mn Revenue in FY17, Launches Cashback

Online couponing platform CouponDunia aims to grow revenue by fourfold to USD 20 million this fiscal as it launches new services such as cashback for customers. The company, which counts e-commerce firms like, Flipkart, Amazon, eBay and Jabong, among its clients, is also aiming to expand the total value of transactions through its platforms (GMV) to Rs 4,000 crore by the end of March 2017. "Our aim has always been to be the pre-shopping destination that consumers visit before making any transaction online. With cashback, we are a step closer to that goal," CouponDunia Chief Operating Officer Ankita Tandon told PTI. With cashback, customers will be able to make additional savings on their transactions over and above any other deals or discounts that the online store provide...

Google, Ford, Uber launch coalition to further self-driving cars

27Apr By reutersNo Comments

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Google, Ford, Uber launch coalition to further self-driving cars

Alphabet Inc's Google unit, Ford Motor Co, the ride-sharing service Uber and two other companies said on Tuesday they are forming a coalition to push for federal action to help speed self-driving cars to market. Sweden-based Volvo Cars, which is owned by China's Zhejiang Geely Holding Group Co GEELY.UL, and Uber rival Lyft also are part of the Self-Driving Coalition for Safer Streets. The group said in a statement it will "work with lawmakers, regulators and the public to realize the safety and societal benefits of self-driving vehicles." The coalition said David Strickland, the former top official of the U.S. National Highway Traffic Safety Administration (NHTSA), the top U.S. auto safety agency that is writing new guidance on self-driving cars, will be the coalition’s counsel and ...

Google Glass-based startup raises $17 million in funding

26Apr By reutersNo Comments

FUNDING, News

Google Glass-based startup raises $17 million in funding

Augmedix Inc, a startup that uses Alphabet Inc's (GOOGL.O) Google Glass to provide documentation services to doctors and other healthcare workers, said on Monday it had closed a $17 million (11.7 million pounds) funding round led by investment firm Redmile Group. Augmedix's employees transcribe doctors' notes and update patients' electronic medical record through Google Glass. The San Francisco company, which has raised $40 million so far, also said it had received investments from five U.S. healthcare networks, including Sutter Health and Dignity Health, which together have more than 100,000 healthcare workers. Augmedix, with 400 employees, said it serves doctors in nearly all 50 U.S. states. Funds raised will be used to build up the service to serve more health systems and pr...

Facebook developing camera app similar to Snapchat: Report

26Apr By reutersNo Comments

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Facebook developing camera app similar to Snapchat: Report

Facebook Inc (FB.O) is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter. The app, being developed by Facebook's "friend-sharing" team in London, is in its early stages and may never come to fruition, according to the report. (on.wsj.com/24fDRxN) The company is also planning a feature that allows a user to record video through the app to begin live streaming, the newspaper reported. Facebook declined to comment on the report.

India bans import of milk, some mobile phones from China

25Apr By Press Trust of IndiaNo Comments

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India bans import of milk, some mobile phones from China

India has banned import of milk and milk products, certain mobile phones and a few other items from China after finding them sub-standard or not following security codes. Commerce Minister Nirmala Sitharaman said in Lok Sabha that India banned import of milk and milk products from China as their quality was unacceptable. Sitharaman said some mobile phones, which do not carry International Mobile Station Equipment Identity number or other security features, and some steel products have also been banned from importing from China. "Complete ban of import from any country is not possible now due to WTO rules even if we have problems diplomatically, territorially or militarily," she said. The Minister said India's trade deficit with China stood at $48.68 billion (nearly Rs 32.4 lakh...

25Apr By No Comments

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PepperTap Shuts Down Grocery Delivery

PepperTap Shuts Down Grocery Delivery, Pivots to Logistics Sriram Sharma , 25 April 2016 Share on FacebookTweetShareShareEmailReddit PepperTap Shuts Down Grocery Delivery, Pivots to Logistics Hyperlocal grocery delivery startup PepperTap announced on Saturday that it will be shutting down its operations, the latest casualty in a sector that saw exits of pilots programs from Ola and Flipkart this year. The company will be shifting its focus to e-commerce logistics, where it can lend its expertise of same day deliveries. "We are now changing our business model and will not be able to deliver groceries to you. In case you have any queries, feel free to call us at 186001216001 or email us at care@peppertap.com," reads the farewell message posted on PepperTap's app. Navneet Singh, Co-F...