San Francisco based gaming software company called Zynga is reportedly acquiring a majority stake in Finland’s SmallGiant Games which is the maker of the popular Android game Empires & Puzzles. This deal has been valued at$700 million, and is being basically done to strengthen its mobile game portfolio. This deal marks as the largest one for the gaming company, topping […]
Mobile marketing platform CleverTap is partnering with SonyLIV to launch video push notifications which will make SonyLIV the first video streaming platform to do so. This will allow users to view video previews in push notifications, even on a locked screen. The company will leverage CleverTap’s Psychographic Segmenation feature to process millions of data points to improve the content recommendations. So far, it […]
The Indian companies are stepping up and hiring technology talent this New Year. This is basically because digital will play an important role for many of the businesses as they gear up for disruption. According to the reports, the hiring of digital and technology talent will double in the year ahead as businesses transform, customer […]
D.light, a distributed solar provider has reportedly raised $41 million in equity financing. This round was led by an Africa-focused investment advisory firm that specializes in the energy sector known as Consortium Inspired Evolution. Consortium partners include the Dutch Development Bank FMO, and also the government-sponsored investment funds Swedfund and Norfund. This latest funding which enables expansion of the company’s […]
The Indian government is actively taking into consideration the amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA) to provide legal backing for mobile numbers and bank accounts to be linked to Aadhaar on a voluntary basis. The ministry of electronics & information technology has moved a proposal to this effect, which has gone through […]
One of the largest Indian conglomerate Reliance Jio Infocomm is in talks with US contract manufacturer Flex for locally producing about 100 million mobile phone handsets as the Mukesh Ambani-owned telco seeks to rapidly enhance its market share by signing on the majority of those users now using feature phones. “Jio is in advanced discussions for a large order and that […]
Pokémon Go creator Niantic is raising a $200 million Series C at a valuation of $3.9 billion according to a report from Katie Roof at the WSJ. The round is expected to be led by IVP with participation from Samsung and aXiomatic Gaming. The recent raise would bring the company’s total funding to $425 million. Niantic’s last round […]
Paizabazaar.com which is an online loan marketplace is planning to bring in cooperative banks to its platform. It has been reported that cooperative banks in Ahmedabad have been approached by the portal. Various bankers stated that it’s probably the first time an online aggregator is looking to offer as many options as possible to the consumers who are […]
Adobe Sign that is Adobe’s e-sign solution has introduced a new signer identification solution called Government ID Authentication that uses a physical ID including a driver’s license or passport, as a form of digital ID authentication. With this, signers can take a picture of the physical ID card through their mobile phone, after which Adobe Sign automatically evaluates […]
The software services firm Wipro has opened an automotive innovation centre in Detroit, Michigan to tap the automotive community and allied industry. The company is based in Bengaluru and stated that the state-of-the-art technology hub would deepenWipro’s relationship with Detroit’s automotive community, develop and showcase next-generation technologies and solutions for automotive original equipment manufacturers (OEMs), tier I […]
Japanese electronics firm Pioneer become a wholly owned unit of a Hong Kong-based fund in a deal worth $904 million. Pioneer, known for its audio equipment as well as car electronics systems, said Baring Private Equity Asia has agreed on a 102-billion-yen ($904 million) plan to revive the struggling Tokyo-based company. Baring will make a […]
PhonePe, a Flipkart-owned digital payments platform will now offer an IRCTC micro-app on its platform. The company has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to carry forward with this process. This development has come three months after PhonePe struck a partnership with IRCTC to facilitate digital payments on the IRCTC Rail connect […]