Thursday, November 28

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Russian Inventor designed ‘detachable cabins’ that can save lives during plane crash
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Russian Inventor designed ‘detachable cabins’ that can save lives during plane crash

A Russian inventor claims that he has perfect plan for "detachable cabins", which could save lives in a plane crash. Vladimir Tatarenko unveiled the patented concept, which he’s been working on for three years. The early stages of his concept in a video that sees the capsule detach from the cockpit of the plane. “Surviving a plane crash is possible. While aircraft engineers all over the world are trying to make planes safer, they can do nothing about the human factor,” he reportedly told LiveLeak. The demonstration shows how the cabin can detach at any time throughout the flight, including takeoff and landing, and, with the help of parachutes, safely land on water or ground. Passengers may be pleased to learn the cabin would also include the undercarriage of the plane, ...
WhatsApp to drop subscription fees, no plans to launch ads
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WhatsApp to drop subscription fees, no plans to launch ads

Mobile messaging service WhatsApp, owned by Facebook Inc, said it will no longer charge annual subscription fees and plans to test tools to allow users to communicate directly with businesses and organizations via the app. WhatsApp, which has 900 million users worldwide and works across different types of phones, said it does not plan to launch third-party advertising to generate revenue. It only charges an annual subscription fee of 99 U.S. cents or the equivalent, which is waived for the first year, and said it would end its subscription fees over the next several weeks. It will test tools that allow users to communicate with businesses and organizations on WhatsApp, rather than through text messages and phone calls. "That could mean communicating with your bank about whether...
Internet Users Count in India May Reach 50 Crores in 5-8 months
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Internet Users Count in India May Reach 50 Crores in 5-8 months

The number of Internet users in the country is expected to go up to 50 crore, from the present over 40 crore, in next 5-8 months, Telecom Minister Ravi Shankar Prasad said today. "The number of people using Internet has crossed 40 crore in the country at present. I am expecting this number to go up to 50 crore in next 5-8 months. "According to our estimate, out of these, 70 per cent people are going to access Internet through mobile phones," Prasad said here at an Indore Management Association function. About 100 crore people, out of the population of India of nearly 125 crore, have mobile phones, the minister said, adding that every month, 20-35 lakh mobile users are added. "The NDA government, led by Prime Minister Narendra Modi, is trying to awaken the efficiency and...
Pak to lift ban from Youtube soon
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Pak to lift ban from Youtube soon

Karachi, Jan. 16(ANI): Pakistan is likely to lift the ban on YouTube within days to reciprocate the move by Google, the parent company, which launched a localised version of the website in Pakistan earlier this week. The internet giant, announced the launch of YouTube's localised versions for Nepal, Pakistan, and Sri Lanka, addressing Islamabad's long-standing dispute regarding the availability of blasphemous content on the world's largest social video sharing platform. YouTube has remained blocked in Pakistan since September 2012, reported The Express Tribune. The Silicon Valley based giant has already taken care of Islamabad's concerns,but the delay in restoring access to YouTube is on part of the IT ministry. The government has made commitments to lift the ban several times ...
Yepme.com, an Online Fashion Brand Opened First Store in Gurgaon
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Yepme.com, an Online Fashion Brand Opened First Store in Gurgaon

New Delhi: Yepme.com, India's biggest online fashion brand brings online shopping experience on to the offline space. With its first store opened on 14th Jan’2016 at DT City Centre Mall, Gurgaon, Yepme moves to brick and mortar retailing. Vivek Gaur, CEO and Co-founder Yepme.com, said “The brand is taking a step to get closer to our customer, as customers can now experience the touch & feel of the product and the diverse range of the fresh fashion collection for both men and women. They can also try their best fit to make an intelligent purchase online or at the store. We are excited to see the response at the store and take customer interaction to the next level.” The store aims to develop a connection between its customers and the retail brand, its products and brand culture. Custo...
Breaking: Punit Soni “Star Techie” of Flipkart Leaving Company
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Breaking: Punit Soni “Star Techie” of Flipkart Leaving Company

As per the report, Punit Soni, Chief Product Officer and former Google executive shall be soon leaving the Flipkart. However both Punit Soni and Flipkart denied this news. Flipkart counter this news as a baseless and untrue. But sources said that the recent reshuffle process in the company is the reason behind this. Binny Bansal as a New CEO could be one of the main reason behind this move. Mr. Soni written on his blog recently, Life has many ups and downs. More downs than ups. Someone rightly said that behind each success are countless disappointments, failures and struggles. Each down teaches you more about yourselves than you can imagine.
Start Up India to boost entrepreneurship, jobs: Narayana Murthy
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Start Up India to boost entrepreneurship, jobs: Narayana Murthy

NEW DELHI: Appreciating Prime Minister Narendra Modi's Start Up India initiative, Infosys co-founder Narayana Murthy today said it will encourage entrepreneurship and generate jobs. "At the end of the day... it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs," he said while commenting on the Start Up India initiative. The Prime Minister during his Independence Day speech had announced that government would launch Start Up India programme to encourage innovation and young entrepreneurs. Modi is slated to unveil the action plan under the initiative on January 16. Recalling that Infosys itself was a start-up company, Murthy said it has generated 1.70 lakh "good jobs" for youngsters in the ...
China’s Baidu in talks with Indian e-commerce start-ups for funding
BUSINESS, News

China’s Baidu in talks with Indian e-commerce start-ups for funding

Baidu Inc, a Chinese web services company, is in talks to invest in Indian e-commerce start-ups including Zomato, BookMyShow and BigBasket, a spokesman for China's top online search provider said on Wednesday. "The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there in the future," the spokesman told Reuters by email. Baidu declined to comment on possible investment amounts or time frames. India's technology start-up market is booming as more and more people shop online, in a country where about 20 percent of a population of 1.3 billion are connected to the Internet. The e-commerce market could grow in terms of the value of goods sold to $220 billion by 2025 from $11 billion in 2015, Bank of America Merr...
Uber co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19
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Uber co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19

Uber co-founder and CEO Travis Kalanick will be in Mumbai next week to address students of IIT-Bombay and share his own success story. Kalanick, on his maiden trip to India, is among other top executives who will be in town to take part in the government's Start-up India event scheduled for January 16. He will be sharing the stage with over 40 CEOs and founders of start-ups, including SoftBank's Masayoshi Son, at IIT-B, one of the country's premier centres for start-up incubation. Kalanick will be addressing the students on January 19. Uber is also partnering with 'Invest India', an initiative under the Department of Industrial Policy and Promotion, and has already launched 'UberExchnage', a start-up mentorship programme. The five-year-old US taxi aggregator, which is valued at...
Jeff Bezos Shows as a Hindu God “Lord Vishnu” on Fortune Magazine Cover, Irks NRI
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Jeff Bezos Shows as a Hindu God “Lord Vishnu” on Fortune Magazine Cover, Irks NRI

In latest issue of Fortune 500 magazine, Jeff Bezos, Amazon CEO portrays as a Hindu god Vishnu on cover page. The move is highly criticized the Indian community in the US over “trivialisation of their venerated deity”. In International edition of the January issue, Fortune Magazine features a story about Amazon’s expansion in India. The titled is ‘Amazon Invades India’ and it explained about how Bezos “aims to conquer the next trillion-dollar market”. An illustration of the Amazon CEO striking a customary form of Vishnu can be seen on the cover. The Fortune cover page has been created by Sydney-based illustrator Nigel Buchanan. His clients include The Wall Street Journal, MTV, The New York Times, etc. Amazon entered Indian e-retail space around three years ago and since then has f...
Overseas: OYO Rooms launches operations in Malaysia
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Overseas: OYO Rooms launches operations in Malaysia

Budget-hotel aggregator OYO Rooms has forayed into the overseas market with the launch of its operations in Malaysia. Commenting on the development, OYO Rooms Founder & CEO Ritesh Agarwal said: "Taking the company international has always been on the cards but we wanted to achieve clear market leadership in India before heading overseas." OYO's model is suitable for markets with large share of unbranded budget supply such as South-East Asia, Africa and South America, he added. "Malaysia is our first port-of-call given the attractive characteristics of the market such as higher-than-average mobile penetration and a large internet population," Agarwal said. The company currently offers 40,000 rooms in its network in India, OYO Rooms said in a statement. OYO Rooms is cu...
One More Unicorn in Indian E-commerce industry, ShopClues Raises Fresh Funds
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One More Unicorn in Indian E-commerce industry, ShopClues Raises Fresh Funds

As per the Mint Report Shopclues an Indian E-commerce platform on Tuesday said it has raised a fresh round of funds led by sovereign wealth fund GIC Pvt. Ltd with participation from existing investors Tiger Global Management and Nexus Venture Partners, valuing the company at more than $1.1 billion. Though the amount has not been disclosed but sources said that it will be around $100-$150 million. “Today, we are the dominant player in low price-point and unstructured categories like lifestyle, home, kitchen, electronic and automotive accessories etc. Our focus on selection, value and trusted shopping for Indian middle class consumers has given us tremendous scale with a rapidly growing buyer and merchant network. We are confident that our capital efficiency and execution will make this ...