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RIL Acquires British Toy maker Hamleys for $88.6 Million

Reliance acquired british toy making company Hamleys.

LinkedIn Accused of Violating Data Protection Rules of 18 Million Email Addresses

LinkedIn, the social network for the working world with close to 600 million users is being accused of violating data protection rules concerning around 18 million email addresses. These details were disclosed in a report published Friday by Ireland’s Data Protection Commissioner. This report covered activities in the first six months of this calendar year. In a […]

Senior Executive Anand Chandrasekaran Quits Facebook

Facebook’s director of platforms and product partnerships Anand Chandrasekaran based in its Menlo Park headquarters has resigned from the company. He started his job at Facebook in 2016 and after two years of his work, he quit. His departure ends a two-year stint which began in September 2016, where he had joined to work on […]

New Jersey-based Video Learning Platform Secures $930,000

Artificial intelligence-powered video-learning platform VideoKen Inc. has reportedly raised funds amounting to $930,000 (Rs 6.83 crore). The funding round was led by SRI Capital and Touchstone Equities. Along with this, Hyderabad Angels also participated in the round with existing backer LG Chandrasekhar of Sutures India including angel investors like Flipkart and former Yahoo executives. This […]

Softbank Net Profit Surges Record 50 Fold After Flipkart Acquisition

Masayoshi Son led Japanese leading tech company SoftBank net profit soared more than 50-fold from a year earlier to 313.7 billion yen (USD 2.8 billion) in the latest quarter thanks to Flipkart acquisition and coworking space Wework growth in India. Last year in the same quarter, SoftBank‘s profits slumped to 5.5 billion yen due to […]

Paytm Joins Hands With Softbank to Launch ‘PayPay’ In Japan

One of the major Indian digital funds platforms Paytm has now expanded its operations to Japan in partnership with PayPay Company. PayPay Corporation, a joint venture established by SoftBank Corp. (“SoftBank”) and Yahoo Japan Corporation (“Yahoo Japan”), recently announced that the company will launch “PayPay” smartphone payment services using barcodes (QR code) in fall 2018. PayPay Corporation […]

PhonePe on The Ladder of Success, Crossed 100 Million Users

The Bengaluru-based Flipkart-owned company PhonePe has reportedly made its way across 100 million registered users on its platform in less than two years of its inauguration. The company’s annual total payments volume (TPV) have also received a boost crossing $20 billion in the month of May. Paytm, the firm’s close rival stated its annualised transactions […]

Patanjali’s Kimbho Removed from Google Play Store

WhatsApp’s rival, Patanjali’s messaging app Kimbho that was being talked about yesterday, has now disappeared from the Google Play Store as well as from its own webpage. Within a day of its launch, the ‘Swadeshi Messaging Platform’ has been suspended due to some security issues as reported by some users who downloaded it for the […]

Snapchat Partners with Tyroo For Sales & Support in India

Photo Messaging Platform Snapchat has entered into a partnership with ad technology platform Tyroo, a move focused to drive its ad monetisation in India as informed by the company on Wednesday. Under the strategic agreement, Smile Group Company, Tyroo will manage sales and support for all Snapchat products in India. The company is also establishing a […]

How Middle East Is Performing as a Digital Economy

Digital Technology and Internet of Things are deeply transforming businesses and governments in the Middle East and North Africa. Even the World Bank believes that Investment into digital transformation in the major Cities of the Middle East and North Africa region(MENA) can unlock huge potential for the service economy to drive growth and job creation […]