Wednesday, November 27

News

Apple Music hits 6.5 million paid users: Tim Cook
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Apple Music hits 6.5 million paid users: Tim Cook

Reuters- Apple Inc's new music streaming service has netted more than 6.5 million paid users, the tech giant's Chief Executive Officer Tim Cook said on Monday.   Speaking at a technology conference organized by The Wall Street Journal in Laguna Beach, Calif., Cook said that an additional 8.5 million people are participating in a free trial of the Apple Music service. That gives it more than 15 million users in total, which Cook described as a successful debut. "I'm really happy about it, and I think the runway here is really good," Cook said. Released in June, Apple Music is the company's attempt to carry its dominance of digital music through its iTunes store into the era of music streaming pioneered by Spotify and others. Apple is allowing users to test its service with ...
Ola eyes on 3 million daily bookings by April next year
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Ola eyes on 3 million daily bookings by April next year

India's leading taxi aggregator Ola is looking at a three-fold rise in the number of daily bookings through its platform to three million by April next year. Ola sees over one million daily booking requests at current scale and has served over 150 million cumulative bookings on its platform till date, it said in a statement. Currently, the Bengaluru-based company has operations in 102 cities with over 3.25 lakh vehicles are registered on its platform.   "The company Ola has grown three times its size over the last six months from April 2015. We expect to clock three million booking requests a day, by April 2016," it added. Bhavish Aggarwal, co-founder and CEO of Ola, said the company has served 25 million unique customers in India. "Our next phase of growth will be ...
Wal-Mart paid millions of dollars in bribes in India
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Wal-Mart paid millions of dollars in bribes in India

Washington, Oct 19 (PTI) America's multinational retail corporation Wal-Mart is suspected to have paid bribes worth millions of dollars in India, according to a media report. In a major report, The Wall Street Journal said Wal-Mart's "suspected bribery" unearthed in India involves thousands of small payments to low-level local officials to help move goods through customs or obtain real-estate permits.   "The vast majority of the suspicious payments were less than USD 200, and some were as low as USD 5, the people said, but when added together they totalled millions of dollars," the daily said. In 2013, Wal-Mart shelved plans to open retail stores in India by severing a joint venture with Bharti Enterprises Ltd and instead decided to become solely a wholesaler there, th...
8 Unknown Facts about Googol errrr Google!!
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8 Unknown Facts about Googol errrr Google!!

Originally Google derived its name from “Googol”, a term coined by a nine-year-old Milton Sirotta, nephew of the American mathematician Edward Kasner who had asked his nephew to invent a term for a very large number- ten to the power of one hundred (the numeric 1 followed by 100 zeroes). (more…)
Ratan Tata to inaugurate T-Hub, the biggest start-up incubator
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Ratan Tata to inaugurate T-Hub, the biggest start-up incubator

T-Hub, the country's biggest start-up incubator, will be inaugurated by Tata Sons chairman emiritus Ratan Tata on November 5. Telangana Governor ESL Narasimhan and Chief Minister K Chandrasekhar Rao will also attend the event. The inauguration was originally scheduled on September 7 but had to be postponed due to non-availability of Tata. (more…)
Housing.com appoints Mani Rangarajan as CFO
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Housing.com appoints Mani Rangarajan as CFO

New Delhi: Realty portal Housing.com has appointed Mani Rangarajan as chief financial officer (CFO) to strengthen its senior management team. Mr Rangarajan has held executive level roles in companies such as Citigroup and Yahoo. He has also been involved with several start-ups in India in advisory roles, SoftBank-backed portal Housing.com said. (more…)
Alibaba lobbies to stay off U.S. blacklist list for fakes
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Alibaba lobbies to stay off U.S. blacklist list for fakes

Reuters - Chinese e-commerce giant Alibaba Group Holding Ltd is lobbying hard to stay off the U.S. Trade Representative's blacklist after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms. Re-inclusion on the USTR's annual list of the world's most "notorious markets" for sales of pirated and counterfeit goods, while not carrying direct penalties, would be a blow to the company's efforts to shed perceptions that its sites are riddled with fakes and that its anti-piracy policies are inadequate. It could also hurt Alibaba's beleaguered share price.   Two Alibaba sites - the business-to-business platform Alibaba.com and the hugely popular Taobao Marketplace - were on the USTR's "Notorious Markets" list from 2008.Alibaba.com was...
Holidify raises angel round to strengthen its technology and expand to more holiday options
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Holidify raises angel round to strengthen its technology and expand to more holiday options

Holidify, a Delhi-based startup founded by IIT Bombay alumni has recently raised an angel round of funding of $100K led by Promoter of Aarti Group (BSE: AARTIIND). The promoter family of Aarti Industries has earlier invested in education startup Places, Bewakoof.com and Humming Whale, creator of Gladius Technology Cricket Bats. The funding round also saw participation from Naman Sarawagi (founder of Findyogi) and Himanshu Sarawagi. (more…)
Flatchat goes International with Singapore Debut
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Flatchat goes International with Singapore Debut

Flatchat, the home rentals and roommate-finder app, is now launching in Singapore. Backed by CommonFloor.com—Flatchat is a mobile-based platform that helps students and bachelors find accommodation and flatmates. The app has been completely re-designed for the Singapore market, and is expected to be publicly available to users by November 2015. Singapore will be the entry point for Flatchat’s expansion to international territories. (more…)
Mark Zuckerberg is coming to IIT Delhi for Facebook Q&A session
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Mark Zuckerberg is coming to IIT Delhi for Facebook Q&A session

Mark Zuckerberg, Founder and CEO of Facebook, is coming to IIT Delhi for Q&A session in India. Mark in his post on Facebook, mentioned IIT Delhi name for Q&A session. Zuckerberg will be visiting India on October 28. However, the complete information of his visit is not confirm yet.     Zuckerberg in his post also mentioned that India is one of the most active communities on Facebook with over 130 million users. He also invited Facebook users to post questions and he will try to answering from India. Facebook will also do a live streaming of this session from IIT Delhi.”  
Jack Dorsey Has A Secretive Business, Charged Millions To Square & Twitter
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Jack Dorsey Has A Secretive Business, Charged Millions To Square & Twitter

Business Insider- There is an interesting line in Square's recent IPO filing that reveals that CEO and founder Jack Dorsey's companies appear to be profiting from one another. The S-1 filing states that West Studios LLC, a marketing firm in which Dorsey has "direct ownership interest," received $1.2 million from Square for "consulting services." (more…)
Forbes Richest Indian List 2015
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Forbes Richest Indian List 2015

Since 2009, Forbes India has been compiling and publishing a data set on the 100 richest Indians. It is one of the most comprehensive data that you will find on India’s wealthiest people. We have been crunching the figures every year to find interesting nuances and changes in the composition and distribution of wealth among the top 100. Over the last seven Forbes India rich lists, the data set has increased to 700 records and we decided to do something interesting with it. (more…)