Micromax invested in a consumer technology and AI based start-up ‘One Labs’ who manufactured a product ‘inOne’ allowing users to access apps across different categories including food, shopping, travel, deals, cabs, news, recharge, games, etc… ‘InOne’ is the star product of One Labs and presently regroups over 50 apps in a 10 mb program. Some […]
Li Keqiang, Chinese Premier said on Tuesday that China did not want to get involved in a trade war with the United States of America, stating that the conflict could only ruin the relationship between the two countries. “We hope that both parties can maintain reason, not act emotionally, and avoid a trade war,” said […]
American leading Singer Rihanna slammed Snapchat, a messaging app over an advertisement that promotes domestic violence and showed her assault by her former boyfriend Chris Brown in 2009 in an advertisement to promote the company. The Snapchat advertisement, made for the promotion of the mobile game Would You Rather? asked users which of the artists they […]
Kalaari Capital, the venture capital and investor in Snapdeal, held talk with the company’s promoters about selling part or the totality of its stake in the e-commerce on the online market. According to anonymous sources, the discussions are still at an early stage and there are yet no guarantee that the request will be granted. […]
Avail finance, an online lending platform based in Bengaluru recently raised $17.2 Mn in a Series A funding round led by Matrix Partners which comprises of both debt and equity. This round of funding also saw the participation of Bhavish Aggarwal and Ankit Bhati, Ola’s co-founders; Binny Bansal, co-founder & CEO of Flipkart; Kunal Shah, […]
Airtel Payments Bank is seeing red this week after the Reserve Bank of India imposed a Rs 5 Cr penalty on the company for violation of operating guidelines and Know Your Customer (KYC) norms. After receiving several complaints and media reports asserting that the bank had opened customer accounts without the explicit consent of the […]
PictureTime, a mobile digital movie theater startup received a Rs 25 Crore investment at an unrevealed valuation in a Pre Series A funding round. The funds will serve to provide up to 100 operational additional digiplex cinema theaters by March 2019. PictureTime offers cinema service in rural and semi-urban areas by converting a truck into […]
Securities and Exchange Board of India (SEBI) announced on Tuesday that it expects Tata Motors Ltd to investigate on the leak of financial results for the quarter end (October-December) 2015 on Whatsapp ahead of its official release. Tata Motors is expected to complete the probe within three months and submit a report to SEBI within […]
Zomato’s co-founder Pankaj Chaddah took to twitter to announced his resignation from the company ending a decade of service. Chaddah will now take a little break but aspires to “move on to something new.” In a letter posted on the company’s blog intended to his fellow employees, he stated “I have been thinking of moving […]
Tencent Holdings, China’s internet mastodon is again making sensation in the Indian market with another colossal investment. Indeed, after investing an eye-dropping $1.1 billion in cab-hailing firm Ola, back in October last year, Tencent Holdings are spilling the cash for yet another Indian firm. Gaana, a music streaming app is raising $115 million funding from […]
On what is termed to as Twitter’s bot crackdown by the outer world, many account holders including Amitabh Bachchan lost thousands of followers overnight. Twitter that is reviewing its services and making changes on the platform for a safer online social experience got into an argument with the users as many of them lost considerable […]
What started in a dorm room of Harvard University has totally changed the outlook of people all across the world on how they socialize. We are talking about none other than Facebook or “TheFacebook” as it was called back then! Facebook was founded by Mark Zuckerberg and his college roommate and fellow Harvard University student […]