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Paytm’s Founder Vijay Shekhar Sharma Trolled For Kerala Flood Tweet

22Aug By Gauri SinghNo Comments

News

Paytm’s Founder Vijay Shekhar Sharma Trolled For Kerala Flood Tweet

With all the people trying to give their helping hand towards Kerala Flood Relief, Paytm also introduced a feature on its platform through which the users could donate any amount of their choice for helping the people affected in Kerala. Paytm’s founder Vijay Shekhar Sharma also donated an amount of Rs 10,000 towards the Kerala Flood Relief and later did something that got him trolled on the largest social media platform Twitter. He after the donation process on Paytm tweeted that he had donated Rs 10,000 to the Kerala Chief Minister's Disaster Relief Fund through his transaction app. He put up a screenshot of the message stating, “Just did my Rs 10,000 donation towards #KeralaFlood relief. Go ahead and open your Paytm app to donate now!” He had no idea that his twee...

Bajaj Auto Announces Rs 2 Cr Contribution for Kerala Flood Relief

22Aug By Press Trust of IndiaNo Comments

Automobile, News

Bajaj Auto Announces Rs 2 Cr Contribution for Kerala Flood Relief

India's one of the leading automobile company Bajaj Auto announced a contribution of Rs 2 crore in aid of flood-hit Kerala. While Rs 1 crore is being contributed directly to the Chief Minister's Relief Fund, the balance Rs 1 crore will be deployed by Jankidevi Bajaj Gram Vikas Sanstha (JBGVS), for distribution of survival kits, the company said in a statement. The contribution is in addition to the Rs 50 lakh already contributed by various Bajaj Trusts, it added. JBGVS is an institution that undertakes various corporate social responsibility initiatives of Bajaj Auto. "Through this amount, Bajaj Auto aims to support at least 1,000 families with a basic startup kit for those who have been affected by the floods," the statement said. Bajaj Auto President (Intra-city Business) ...

Netflix Running Video Promo Between Shows Annoys Users

21Aug By Gauri SinghNo Comments

News

Netflix Running Video Promo Between Shows Annoys Users

Nowadays, Netflix has brought in a latest test feature that plays video promo in between episodes of a series you’re watching. It appears on the full screen which lasts for 10 to 20 seconds. Subscribers now face promotional videos that can not be skipped. These videos are almost like a commercial which appear between the videos reminding the users to not miss a particular show on Netflix. With this feature, the users seem to be unhappy and face inconvenience. Users who have faced this are expressing their annoyance through Reddit and Twitter. @netflix if you bring ads to your programming, I will have no reason to continue. I pay for your programming to avoid commercials. Just a customers input. — JennyB (@itsgonnabfine) August 17, 2018 The users have even...

Microsoft With Apollo Hospitals Launched AI-powered CVD Risk Score API

20Aug By Gauri SinghNo Comments

News

Microsoft With Apollo Hospitals Launched AI-powered CVD Risk Score API

The largest multinational technology company Microsoft India has entered into a partnership with Apollo Hospitals for the purpose of building an artificial intelligence-powered platform. This platform will be built in a way to predict the risk of Cardiovascular Disease (CVD) in the Indian population. This partnership is a part of Microsoft's AI Network for Healthcare initiative and under this, the two firms have launched an AI-powered Cardiovascular Disease Risk Score API (application program interface) that can be utilized by doctors across the Apollo network of hospitals for the prediction of risk of CVD and drive preventive cardiac care across the country. A lot of people in India suffer from high blood pressure. There may be a several CVD risk models available worldwide, but they do ...

Finally Walmart Completed $16 Billion Flipkart Deal

19Aug By AnkitaNo Comments

News

Finally Walmart Completed $16 Billion Flipkart Deal

US-based retail giant Walmart has now completed the deal with Flipkart to hold its 77 percent stake. After the closure, Flipkart's future financial activities will be reported by Walmart International Business. Besides the acquisition part, Walmart also infused USD 2 billion of equity funding in Flipkart business. In the press release company said, "With the completion of the investment, Walmart now holds approximately 77 per cent of Flipkart. The remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp,". It added that Flipkart's existing management team will continue to lead the business. "Our investment will benefit India by providing quality, affordable goods for customers, while creating new...

PhonePe Teams Up with IRCTC to Facilitate Digital Payments

17Aug By Gauri SinghNo Comments

News

PhonePe Teams Up with IRCTC to Facilitate Digital Payments

The emerging digital payments player PhonePe which is owned by Flipkart announced that it has teamed up with Indian Railway Catering and Tourism Corporation (IRCTC) to make digital payments easier and smoother through PhonePe on the IRCTC Rail connect Android app. This partnership will ensure the ease of payment with the help of PhonePe as a payment option on the IRCTC Rail connects Android app for their travel bookings. At present, the PhonePe app has options for payments through UPI, credit & debit cards and its own wallet. "We are extremely delighted to partner with IRCTC which has been a trusted platform for India's travel bookings. Through this partnership, we aim to boost digital payments across India. PhonePe offers IRCTC users the choice of using UPI along with all the othe...

Airtel Payments Bank, Bharti AXA Partner to Offer Pradhan Mantri Jeevan Jyoti Bima Yojana

16Aug By Gauri SinghNo Comments

News

Airtel Payments Bank, Bharti AXA Partner to Offer Pradhan Mantri Jeevan Jyoti Bima Yojana

Airtel Payments Bank and Bharti AXA Life Insurance have entered a partnership to offer the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). PMJJBY is a government-backed life insurance scheme which aims to increase penetration of life insurance products among the underinsured masses and boosting financial inclusion. The product, ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY) provided by Bharti AXA Life Insurance gives Rs 2 lakh life insurance cover for an annual premium of Rs 330. It can also be purchased by all the existing or even the new Airtel Payments Bank savings bank account holders between the age of 18-50. “Airtel Payments Bank’s distribution network allows financial inclusion to reach the 190 million underinsured Indians,” Anubrata Biswas, Managing Director, Airtel Payme...

Apple to Build Up a Team to Create its own Health Chips

15Aug By Gauri SinghNo Comments

News

Apple to Build Up a Team to Create its own Health Chips

The global technology giant Apple Inc is reportedly in the process of setting up a team that would work devotedly on a dedicated custom health chip. This chip would help the company process biometric data from its suite of devices. The chip will make better sense of health information coming off sensors from deep inside its devices, The technology company at present creates custom chips for its iPhone and is supposedly going to switch to custom processors for its Mac line-up of computers by the year 2020. "Apple has a team exploring a custom processor that can make better sense of health information coming off sensors from deep inside its devices, job listings show," a report stated. But it is still not been made clear what the sensors would measure, however, it is most likely to b...

Netflix CFO David Wells Resigns After 14 Years of Service

14Aug By Gauri SinghNo Comments

News

Netflix CFO David Wells Resigns After 14 Years of Service

World's leading internet entertainment service Netflix has announced the resignation of its chief financial officer David Wells. The latter plans to exit "after helping the company choose his successor". David joined the company in 2004 and was appointed as the CFO in 2010. The company will be searching for the next CFO through both internal and external candidates as stated by the company. “It’s been 14 wonderful years at Netflix, and I’m very proud of everything we’ve accomplished,” Wells said. "After discussing my desire to make a change with Reed, we agreed that with Netflix’s strong financial position and exciting growth plans, this is the right time for us to help identify the next financial leader for the company. Personally, I intend my next chapter to focus more on philanthrop...

Ola Appoints Ben Legg as Managing Director of UK Operations

13Aug By Gauri SinghNo Comments

News

Ola Appoints Ben Legg as Managing Director of UK Operations

The ride-hailing service provider Ola has appointed Ben Legg as managing director of its lately launched UK operations. It has been reported that Legg will lead and build the senior leadership team, drive strategy and operations and build up a UK nationwide presence by the end of the year 2018. The company based in Bengaluru had recently announced its intent to enter into the UK which accounts for its second overseas expansion after Australia. Prior to Ola, Legg was associated with the New York-based global marketing technology company AdParlor, where he was CEO for two years. Before that, he was group CEO of Adknowledge, a digital advertising technology firm. He has also worked for Google Europe as the COO. Ben Legg, managing director of Ola UK said, “I’m excited to be joining Ola ...

IKEA Hyderabad To Use Electric Rickshaw for Home Delivery

13Aug By Gauri SinghNo Comments

News

IKEA Hyderabad To Use Electric Rickshaw for Home Delivery

The Swedish furniture manufacturer IKEA, which recently inaugurated its operations in Hyderabad, has announced that the company will soon be using electric rickshaws for the purpose of home delivery of its products. IKEA is one of the largest furniture retailers in the world. The company designs and sells off ready-to-assemble furniture, kitchen appliances and home accessories. The store in Hyderabad provides 7,500 products including 1,000 products priced below Rs 200. It has been reported that at least 20 percent of the company’s delivery system will work on electric rickshaws in the initial phase. The electric vehicle will be charged at the store that uses 4,000 solar panels installed on the building's roof. Apart from the electricity used for charging the e-rickshaws, a part of...

Shibulal’s Family Sells 1.6 Million Infosys Equity Shares

12Aug By NitishNo Comments

News

Shibulal’s Family Sells 1.6 Million Infosys Equity Shares

S D Shibulal, the former CEO and one of the co-founders of Infosys has announced that some of his family members have sold 1.6 million equity shares (representing 0.074% of the paid-up equity share capital) of Infosys on the stock exchanges. Earlier we published a report that some of the Infosys founders are planning to sell their equities worth Rs 13000. The shares were sold during the period August 8, 2018, to August 10, 2018, a release from Shibulal's office said. The sale was executed by Citigroup Global MarketsIndia Private Limited as the Sole Broker for the sale of shares. The release said the partial monetization was done to raise proceeds for personal reasons, including for the betterment of the society through various philanthropic activities. Even after this sale, the...