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Facebook Smashed Investors’ Expectations with a 52% Jump in Q4 Results

28Jan By NitishNo Comments

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Facebook Smashed Investors’ Expectations with a 52% Jump in Q4 Results

Facebook has smashed investors' expectations with a 52 per cent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world's biggest online social network bucked the trend of underwhelming tech results from Apple and eBay, in the face of economic turmoil in China and a strong US dollar depressing the value of overseas sales. Facebook's service is not available in China but it sells ads there. "It's phenomenal at these (currency headwind) levels that they're accelerating to that level of growth," said Rob Sanderson, an analyst at MKM Partners. "I don't think there's going to be too many people crying for them to start monetising other properties anytime soon because the core business is so ...

Nearly 700 Startup Founders Urge PM Modi to Defend Net Neutrality

27Jan By Press Trust of IndiaNo Comments

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Nearly 700 Startup Founders Urge PM Modi to Defend Net Neutrality

NEW DELHI- Hundreds of startups, including bigger players like Zomato, Cleartrip, Paytm and their employees, have approached Prime Minister Narendra Modi to defend net neutrality, which they define it as access to content on the internet without any discrimination. "We urge you to ensure that the recently announced initiative, Start-Up India, addresses the concern of net neutrality, with clearly defined policies and firm rules," the letter said. Around 500 people have signed the letter including Zomato founder Deepinder Goyal, Cleartrip founder Hrush Bhatt, XYSEC LABS founder Subho Halder, iSPIRT Foundation co-founder Sharad Sharma and Paytm founder Vijay Shekhar Sharma. There are 1,467 signatories to the letter, including 681 founders of various startups. Startups expressed gr...

Coca Cola to Enter Dairy Drinks Segment in India

25Jan By PriyankaNo Comments

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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...

Amazon India net loss widens to Rs 1,724 Cr, Registered a Six-Fold Increase in Sales

25Jan By NitishNo Comments

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Amazon India net loss widens to Rs 1,724 Cr, Registered a Six-Fold Increase in Sales

MUMBAI: As per the report, Amazon India Losses in business goes up to Rs 1,724 crore in the year ended March 2015. The reason of such a huge loss occurred because of Amazon's expenses was due to higher advertising, sales and promotion costs of almost Rs 1,405 crore, almost equivalent to the combined marketing spends of Godrej Consumer, Dabur and Marico. However, Amazon Seller Services registered a six-fold increase in sales to Rs 1,022 crore in 2014-15 from Rs 169 crore a year earlier, according to a filing with the Registrar of Companies on Saturday. The combined losses of the 'Big 3' online firms including Flipkart and Snapdeal to Rs 5,052 crore as they hunted for buyers by offering deep discounts. Flipkart, India's largest e-commerce firm, reported a loss of about Rs 2,000 ...

Head of Apple’s Electric Car Project, Steve Zadesky, to Leave Company: Report

23Jan By AdityaNo Comments

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Head of Apple’s Electric Car Project, Steve Zadesky, to Leave Company: Report

Steve Zadesky, who has been overseeing the Apple's electric car project for the last two years, has said he is leaving the company, the Wall Street Journal reported on Friday, citing people familiar with the matter. Zadesky, who previously worked with the iPod and iPhone teams, is leaving for personal reasons not related to his performance, the WSJ said. It was not clear when the 16-year veteran would leave Apple, the Journal said. As of Friday afternoon his profile on LinkedIn still listed him as working at Apple. Apple has never acknowledged it is looking into building an electric car, but the company has recruited dozens of auto experts, many from car makers like Ford or Mercedes-Benz. Apple Chief Executive Tim Cook went to BMW's headquarters in 2014, and senior Apple execut...

Jeff Bezos’ Space Company Blue Origin Successfully Re-flies, Lands Rocket

23Jan By reutersNo Comments

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Jeff Bezos’ Space Company Blue Origin Successfully Re-flies, Lands Rocket

Amazon founder Jeff Bezos' space transportation company, Blue Origin, successfully launched and landed a suborbital rocket for a second time, a key step in its quest to develop reusable boosters, the company said on Friday. The rocket that flew on Friday was the same vehicle that made a successful test launch and landing two months ago, demonstrating reuse, Bezos said in a statement posted on Blue Origin’s website 10 hours after the flight. “I’m a huge fan of rocket-powered vertical landing,” Bezos wrote. “To achieve our vision of millions of people living and working in space, we will need to build very large rocket boosters. And the vertical landing (system) scales extraordinarily well.” Fellow tech titan Elon Musk’s SpaceX in December successfully returned a rocket to a landing pad...

Facebook launches real-time sports platform

23Jan By reutersNo Comments

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Facebook launches real-time sports platform

Facebook Inc is tackling the sports arena with a new platform called Facebook Sports Stadium, which the social media site said will provide real-time updates on games, popular posts from fans, statistics and commentary from experts. "With 650 million sports fans, Facebook is the world's largest stadium," it wrote in a post on Wednesday announcing the feature. Facebook, which said it had an average 1.01 billion active daily users as of September, reports its fourth-quarter earnings on Wednesday, Jan. 27. The new service appears to be an effort to encroach on Twitter's territory. The micro-blogging site has long been a popular destination for so-called "live-tweeting" games. MichaelAaron Flicker, president of XenoPsi, a New York City-based marketing firm, said the new product is ...

Investopad Launched Its Third Centre In Bengaluru

22Jan By NitishNo Comments

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Investopad Launched Its Third Centre In Bengaluru

As per report, Investopad a Gurgaon-based an early stage incubator has launched its third centre in Bengaluru. This centre will include 20 start-ups at a time over a period of six months, the company said on Thursday. Investopad, founded by Arjun Malhotra and Rohan Malhotra in 2014. They have opened two hubs in Delhi and Gurgaon before starting Bengaluru one. They incubated and invested nearly half a million dollars in companies like Zenatix, MyPoolin, Wealthy, Mavin and Octomatic among others in recent months. The platform helps entrepreneurs with resources in design, digital marketing and recruitment and connects them to other mentors and investors. Investopad made close to nine investments in the past year, plans to make close to 15 investments every year at the early stage in s...

Google Vs Oracle: Oracle Revealed Google's Android Revenue Secret

22Jan By PriyankaNo Comments

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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...

Hike Messenger crosses 100-million user mark

21Jan By AdityaNo Comments

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Hike Messenger crosses 100-million user mark

New Delhi :- Home-grown Hike Messenger today said it has crossed the 100-million user mark. “Crossing 100 million users is a milestone for us and we have achieved this well ahead of our expectations,” Hike Messenger Founder and CEO Kavin Bharti Mittal said in a statement. The company acquired 30 million additional users in just three months as it crossed 70 million users in October 2015, the statement said. Hike is now logging a monthly messaging volume of 40 billion messages, having doubled on messaging in a span of 5 months from 20 billion messages per month logged in August 2015, it added. “This huge user base is not only messaging and calling on Hike, but is reading News on Hike in Hindi and English, viewing live Cricket scores, getting inspired on Hike Daily, transferring huge f...

FreeCharge Launched New Virtual Card ‘FreeCharge Go’, in Partnership With Yes Bank and MasterCard

21Jan By AnkitaNo Comments

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FreeCharge Launched New Virtual Card ‘FreeCharge Go’, in Partnership With Yes Bank and MasterCard

One of the Leading Mobile wallet players in India, FreeCharge has launched its new virtual card 'FreeCharge Go', in collaboration with Yes Bank and powered by MasterCard. The integration of "Freecharge Go" is now live, and enables universal payments of its app online and offline through a prepaid virtual card, which can be activated in a few seconds, the company said. We were able to get a virtual card generated in no time by logging on to a FreeCharge account on the web, where entering an MPIN was all it took to generate a FreeCharge Go card. Users can top up this card by adding money to FreeCharge wallet, and use it to make payments on Indian e-commerce websites, the company said. We've reached out to the company for a comment on whether the card will facilitate payments on services re...

Flipkart invests in parenting social network Tinystep

19Jan By PriyankaNo Comments

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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...