Friday, April 19

Tag: Data

NCR Startups Face Funding Crunch; Attract Just $170M in 2016
24Aug By Press Trust of IndiaNo Comments
ANALYSIS

NCR Startups Face Funding Crunch; Attract Just $170M in 2016

Funding activity in the national capital region witnessed a slowdown with deals signed worth $170 million in 155 transactions so far this year, says a report. According to 'VCCEdge Startup Funding Insights' the NCR startup ecosystem witnessed funding crunch and attracted $170 million (about Rs 1,140 crore) this year. "At the going run-rate, funding deals for the year 2016 may not be able to cross the 2014 deal value of $289 million," the report said. The year 2015 was a landmark year that registered a deal value totalling $608 million as against $289 million in 2014. "The slowdown is attributed to investor pragmatism and selectiveness in funding enterprises that have business models that best optimise the funding they receive. Startups have to, perforce, 'Conserve and Grow...
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Now Measure Your Internet Speed By Official App Of TRAI
1Jul By Press Trust of IndiaNo Comments
News

Now Measure Your Internet Speed By Official App Of TRAI

Telecom regulator Trai announced today the launch of a mobile application that will help the user to measure his/her internet speed on their smartphones and send results to the authority. "The MySpeed App, which could be downloaded from the mobile sewa app store, allows users to measure their data speed experience and send the results to this (Trai Analytics Portal)," the Telecom Regulatory Authority said in a statement. The portal and the application will be formally launched by the regulator on 5th of July, 2016. The application can also send coverage, data speed and network information along with the device and location of the user. There had already been many complaints about the poor speed of internet. This app will help the user to keep a track of speed provided by the te...
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Indian Telecom Operators Mobile Data Revenue May Hit Rs 95.5K cr in 5yrs
14Jun By AdityaNo Comments
INDIA

Indian Telecom Operators Mobile Data Revenue May Hit Rs 95.5K cr in 5yrs

Indian telecom operators are expected to rake in Rs 95,500 crore in revenues from mobile data services over the next five years, says a report by ICRA. Mobile data revenues are expected to grow at a compounded annual growth rate (CAGR) of 21 per cent by financial year 2021 and are expected to contribute 34 per cent to the total mobile service earnings, the ratings agency said. At present, mobile data accounts for about 20 percent of the telecom operators revenues, the report said. "Over the last five years, data revenues for the ICRA Sample of telcos traced a strong CAGR of 54 per cent from Rs 3,200 crore in FY 2011-12 to Rs 27,450 crore in FY 2015-16," ICRA AVP Corporate Sector ratings Harsh Jagnani said. Nevertheless, when compared to international levels, the data revenues as pr...
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IRCTC Website Hacked, Transaction Data Were Compromised
5May By NitishNo Comments
News

IRCTC Website Hacked, Transaction Data Were Compromised

Maharashtra Police has informed the Indian Railways about the suspected hacking and theft of data from the Indian Railways Catering and Tourism Corporation (IRCTC) website. The IRCTC is India's biggest travel e-commerce website, where lakh of transactions are conducted every day. The website has lots of sensitive information such as the PAN card numbers of the customers, their safety and security questions and other such personal information. IRCTC PRO said that the police is yet to share the data with them, after which they would look into the matter and issue a detailed statement.  "IG Maharashtra police cyber cell has informed IRCTC about Data theft from its website but the details of the said data are still to be shared with IRCTC. IRCTC will be issuing a detailed press note late...
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Prime Venture Partners Invests $750,000 in KredX
13Apr By PriyankaNo Comments
FUNDING

Prime Venture Partners Invests $750,000 in KredX

Prime Venture Partners today said it has invested USD 750,000 (about Rs 4.95 crore) in KredX, an invoice-discounting platform that connects credit-worthy MSMEs looking to raise working capital against their unpaid invoices to individual financiers. Launched last year by IIT and Stanford alumni Manish Kumar, Anurag Jain and Puneet Agarwal, KredX (previously known as Mandii), enables the growth of micro, small and medium enterprises (MSMEs) by unlocking cash tied up in customer invoices that would otherwise be paid in 30 to 90 days. "There are 36 million SMEs in India. Many of these often struggle to keep their cash flow intact and can hardly withstand the burden of late payments. They are in dire need for working capital. With our technology platform, we are helping them get access to w...
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Digital Ad Spending in India Will Touched $1 bn in 2017, $11.82 billion in 2020: eMarketer
8Apr By PriyankaNo Comments
News

Digital Ad Spending in India Will Touched $1 bn in 2017, $11.82 billion in 2020: eMarketer

Digital ad spending in India is forecast to surpass the USD 1-billion mark, accounting for 14.3 per cent of the total media advertisement outlay, in 2017, a report by eMarketer today said. The report, which pegs the total media advertisement spending to grow to over USD 8.2 billion next year, said advertisers in India will spend more than USD 1.1 billion towards digital advertisement. "This year, just 12.6 per cent of all advertisement spending will go towards digital. In 2017, digital ad spending in India will surpass USD 1 billion and will amount to 14.3 per cent of total outlays. By 2020, the figure will be 20.2 per cent," it added. eMarketer estimated that advertisers in India will spend about USD 7.41 billion on paid placements in all media in 2016, up 11.3 per cent over the ...
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Amazon, Microsoft Look for Data Role in Self-Driving Cars With Here: Report
2Apr By reutersNo Comments
News

Amazon, Microsoft Look for Data Role in Self-Driving Cars With Here: Report

Amazon.com and Microsoft are in talks to supply cloud computing to digital mapping business Here.com, owned by a group of German carmakers developing self-driving cars, sources familiar with the matter said. Amazon is also considering becoming a shareholder in Here, two sources said. Last year, carmakers BMW, Audi and Mercedes struck a EUR 2.5 billion ($2.85 billion or roughly Rs. 18,928 crores) deal to buy Nokia's Here maps business. Intelligent mapping systems supply information to control self-driving cars, which are equipped with street-scanning sensors to measure traffic and road conditions. This location data can in turn be shared with other map users. "Amazon would take a stake as part of a broader deal to lock them in as a provider of cloud computing services," one sour...
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IBM Team Launched An App to Measure “Holy River Ganga is Clean or Not”
18Jan By NitishNo Comments
Story

IBM Team Launched An App to Measure “Holy River Ganga is Clean or Not”

An Indian research-based team in IBM has made an app called "Ganga Watch".  The app will measure the condition of water in the Ganga basin and beyond Water. It is intended for the common public who want to see water condition and safe limits, as well as relevance based on different purposes. Our vision in this regard is that India’s river data be as easily available as her rivers’ water. This means any historical data and new real-time sensing data be accessible for lay users as well as technical people to drive their decisions, whether individual like bathing, health or agriculture; or institutional like sewage treatment, industry inspection or dolphin conservation said IBM Research Team. First, a quick refresher on data. It can be quantitative in nature meaning expressed as numbers (li...
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