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JustRide in Google Launchpad list, to get equity-free seed funding

25Dec By AnkitaNo Comments

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JustRide in Google Launchpad list, to get equity-free seed funding

Self-drive car rental aggregator JustRide will get up to $50,000 (around Rs 3.3 million) in equity-free seed funding from Google as part of being selected for the internet giant’s startup accelerator programme, Google Launchpad. Google Launchpad is specifically for mobile startups in India, Brazil and Indonesia. The Launchpad accelerator provides a two-week mentorship programme, up to $50,000 in equity-free seed funding and a further $250,000 of assistance including access to Google’s products such as Maps and Adwords and financial assistance for office space. The accelerator programme kicks off on January 18 in Silicon Valley with its first batch of companies. JustRide is currently in the process of raising Series A round of funding which it plans to use to scale services to o...

23Dec By Press Trust of IndiaNo Comments

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Harbhajan Singh to invest in Sri Lanka

Harbhajan met Finance Minister Ravi Karunanayake in his office and discussed investment opportunities in Sri Lanka. The star Indian spinner Harbhajan Singh is to invest in Sri Lanka, the Ministry of Finance announced on Wednesday. Harbhajan met Finance Minister Ravi Karunanayake in his office and discussed investment opportunities in Sri Lanka. The Ministry quoted Harbhajan as saying he was looking forward to invest in Sri Lanka given the long standing friendly relations between the two countries. Karunanayake had stressed that his 2016 budget approved in parliament early this week encourages foreign direct investment and Harbhajan's expression of interest was a justification of the budget policy goals on investment.

India is temporarily banning Facebook’s plan to provide free internet to the developing world

23Dec By AdityaNo Comments

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India is temporarily banning Facebook’s plan to provide free internet to the developing world

Facebook's plan to provide free internet to the developing world just hit another hurdle: The Indian regulator is ordering a temporary ban on the service, called Free Basics, reports The Times of India. Free Basics - part of Internet.org - is a service offered by the social network in some emerging markets that lets users access some websites for free. source- gettyimages The aim is to help bring people online for the first time, but has come under sustained criticism for allegedly violating the principles of net neutrality. Net neutrality dictates that all data should be treated equally, and companies cannot pay for faster access or preferential treatment, so as not to stifle innovation and create hurdles for startups unable to pay. But because Free Basics zero-rates - that is...

VIDEO CALLING ON WHATSAPP FOR IOS AND ANDROID USERS COMING SOON

23Dec By NitishNo Comments

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VIDEO CALLING ON WHATSAPP FOR IOS AND ANDROID USERS COMING SOON

As per the recent reports WhatsApp is testing a new feature for its popular messaging service Video Calls. Video Calls will first come to the iOS platform and then most likely will get to the Android smartphones. It is a natural extension for the Facebook-owned world’s largest messaging service provider to have support for video calls. The video calls on WhatsApp will work on both the Cellular networks (3G / 4G / 5G) and also will be functional on the WIFI network. User will have an option to either make an Audio call from the Whatsapp or opt to make a video call. There is also option as shown in the picture to swap the front and rear camera on the smartphone to make it easier for users. WhatsApp video calls for iOS will come with the update of software to the version ...

Dr Lal PathLabs sees blockbuster listing on BSE; stock up 31%

23Dec By AnkitaNo Comments

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Dr Lal PathLabs sees blockbuster listing on BSE; stock up 31%

Shares of India's biggest diagnostic chain Dr Lal PathLabs listed with a strong premium of almost 31% over the issue price of Rs 550 on Tuesday. On BSE, Dr Lal's stock opened at Rs 717, up 30.36% as against the issue price. Within minutes of trade, it touched a high of Rs 747 and a low of Rs 715.50. The stock listed at Rs 720, a steep gain of 30.9% on NSE. The company commands a market valuation of Rs 6,142.16 crore. Dr Lal's IPO was a big success with 33.41 times over-subscription. In the IPO, the qualified institutional buyers (QIBs) part was subscribed 63.56 times and non-institutional investors saw 61.28 times subscription. The retail investors category was subscribed 4.24 times. Prior to Dr Lal's IPO, Alkem, S H Kelkar, VRL Logistics, Power Mech Projects and Syngene Intern...

How Dorsey Manages Being CEO Of Both Twitter And Square companies

23Dec By PriyankaNo Comments

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How Dorsey Manages Being CEO Of Both Twitter And Square companies

The busy CEO reveals his secret to managing a busy life. Jack Dorsey, the CEOs of both Twitter and payments technology company Square, has a secret to keep from being overwhelmed. “I look to build a lot of consistent routine,” he said during a question and answer session Tuesday on the online forum Product Hunt. “Same thing every day. Allows a steady state that enables me to be more effective when I do have to react to something out of band.” Many have questioned whether Dorsey can successfully hold two jobs simultaneously at public companies. It is a work load that few others have tried. Of course, Steve Jobs successfully ran both Pixar and Apple for years. But after that, it’s a short list of people who have been able to pull off holding dual roles. Dorsey said in response t...

Google is working on a ‘smart’ messaging service to take on Facebook

23Dec By No Comments

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Google is working on a ‘smart’ messaging service to take on Facebook

Google is working on a new "smart" messaging service Google is working on a new "smart" messaging service that will be able automatically answer users' questions, sources with knowledge of the plans tell The Wall Street Journal's Alistair Barr. Although the report is sparse on concrete details, the app sounds like a combination of Google's current Hangouts service - which lets users message their friends -and Facebook M, the virtual "personal assistant" which, in its beta phase, can complete tasks for users like ordering flowers or booking flights. Facebook aims to build M so that the service will use artificial intelligence to complete various tasks, although its early incarnation relies on humans, who oversee the AI. Google is also looking to weave AI into the mix. The app wo...

23Dec By NitishNo Comments

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Kim Kardashian Apologizes to Apple

When Paper Magazine said that Kim Kardashian was out to break the Internet, maybe they weren’t wrong? Kardashian’s emoji app, Kimoji, debuted in the Apple App Store Monday to great fanfare. Currently, it is the top paid app (knockingMinecraft: Pocket Edition off the pole position). Kimoji is also the App Store’s no. 11 highest-grossing app, generating more revenue currently than much-advertised games Boom Beach and Mobile Strike. The app — which features emoji of Kim’s most famous assets, as well as food and makeup — apparently caused an interruption in the App Store. While the app is very popular, it currently has only a 2-star rating. In a Facebook post and stream of tweets, she apologized to fans and followers about the App Store error. Apple, I'm so sorry I broke your App S...

Vivo Invests Rs 125 Crore For Manufacturing Unit In India

22Dec By Press Trust of IndiaNo Comments

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Vivo Invests Rs 125 Crore For Manufacturing Unit In India

Betting big on the booming smartphone demand in the country, Chinese handset maker Vivo has set up a manufacturing and assembling facility in India with an investment of Rs 125 crore. Located at Greater Noida, the unit has a maximum production capacity of one million devices a month. "The unit will cater to the manufacturing and assembling of Located at Greater Noida, the unit has a maximum production capacity of one million devices a month. "The unit will cater to the manufacturing and assembling of vivo smartphones, creating more jobs and decreasing vivo's dependence on imports," the company said in a statement. The firm, which has been present in India for a year, has invested about Rs 125 crore as its first phase of investment in the 30,000 The firm, which has been present in Ind...

SpaceX made history, returned the company’s Falcon 9 rocket to Earth, landing it vertically

22Dec By NitishNo Comments

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SpaceX made history, returned the company’s Falcon 9 rocket to Earth, landing it vertically

On Monday night, Elon Musk and his aerospace company SpaceX made history, finally demonstrating their reusable rocket technology. Engineers successfully returned the company's Falcon 9 rocket to Earth, landing it vertically on a landing pad at Cape Canaveral, Florida -- just ten minutes after it blasted off for its jaunt to space and back. The rocket's second stage is still in the process of carrying 11 satellites into low Earth orbit for communications company ORBCOMM. The Falcon 9 first stage landing is confirmed. Second stage continuing nominally. pic.twitter.com/RX2QKSl0z7 — SpaceX (@SpaceX) December 22, 2015 All in all, it's an historic feat that promises to dramatically reshape the economics of the private space industry. If SpaceX can take this historic success to the...

Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million

21Dec By AnkitaNo Comments

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Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million

Accel Partners has sold a fractional stake in Flipkart to Qatar Investment Authority for $100 million (about Rs 650 crore), in a deal that values India's biggest online marketplace at $15 billion, according to two people aware of the transaction. Accel, the first venture investor in Flipkart, remains the second-largest shareholder in the e-commerce company behind New York-based hedge fund Tiger Global Management. Qatar Investment Authority, the sovereign wealth fund of the Arab nation, was one of five new investors in Flipkart in December 2014 when the online retailer raised $700 million at a valuation of $11 billion. Flipkart, in a recent regulatory filing, posted a loss of about Rs 2,000 crore for the fiscal year ended March 2015. Valuations of Indian internet companies are be...

Japan’s SoftBank bags first solar power project in India

19Dec By NitishNo Comments

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Japan’s SoftBank bags first solar power project in India

NEW DELHI--(BUSINESS WIRE)-- SB Energy, (formerly known as SBG Cleantech), a three-way joint venture between Japan-headquartered telecommunications and Internet major SoftBank Group Corp. (“SoftBank”), leading Indian business conglomerate Bharti Enterprises Limited (“Bharti”) and Taiwan-based top design and manufacturing services provider Foxconn Technology Group (“Foxconn”), won the NTPC bid to develop a 350MW solar plant under the Phase-II, Batch-II, Tranche-I of National Solar Mission at a 25-year tariff of Rs. 4.63/ kWh. The project is to be developed in the Ghani Sakunala Solar Park, Kurnool District in the state of Andhra Pradesh. This is SoftBank’s first step towards realising its $ 20 billion commitment to promote clean and safe energy in India. This solar project, under the flag...