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World’s First Automatic Transportation Pods Tested In Dubai

12Feb By Sabhyata AgarwalNo Comments

MIDDLE EAST

World’s First Automatic Transportation Pods Tested In Dubai

Technology drives Innovation or Innovation drives Technology, in both case there is an invention. An invention to make a better product than before. Speaking about inventions in transport sector, we have come a long way from bicycle, motorcycle, scooter, car, trains, metro that depends on human labor to work. Although, Driver-less carry pods in Dubai is ready to add a new feather in the transport facilities available. The Emirate's Roads and Transport Authority (RTA) has announced to test independent pods in the country, since it is planning for 25% of the public transport journeys to be driverless by 2030. This is being done in collaboration with US technology firm Next Future Transportation. The agreement seems to build in late 2016, when the Dubai ride hailing service Careem annou...

12Feb By Sabhyata AgarwalNo Comments

INDIA

How Indian Prime Minister Set the Stage For India at Dubai’s World Government Summit

The 6th Annual World Government Summit this year in Dubai where India was a Guest of Honour, witnessed 4000 delegates and 130 Speakers including Narendra Modi, Robert Di Nero, Christine Lagarde, Edouard Phillipe etc and many more. On arriving at Abu Dhabi, PM Narendra Modi met with all the important delegates such as the business leaders of the Gulf Cooperation Council, Vice President, PM of UAE and Ruler of Dubai Mohammed bin Rashid Al Maktoum, the President Kyrgyzstan Sapar Isakov etc. The eventful ceremony observed a delightful instance of PM Narendra Modi speaking about Technology and various other important topics that made the speech trending on twitter with the hashtag #ModiInUAE . Today we welcomed His Excellency @narendramodi Prime Minster of India, as a guest...

9Feb By Sabhyata AgarwalNo Comments

FUNDING

Icertis receives $96 million in latest funding by Meritech Capital Partners And More

Icertis, a contract management company offering management software services to enterprise platforms, has secured $50 million in its series D funding. The finance is done by Meritech Capital Partners along with supplementary investments by two of the known tech-Investment companies in the world, PSP Growth and Cross Creek Advisers. Apart from these, the current investors which included B Capital, Ignition, Greycroft, and Eight Roads engaged in the round totalling the funding to $96 million. This funding was followed by Series C funding in last year march, where the total funding was estimated to be $46 million led by B Capital Group and previous investors namely Ignition Partners, Greycroft in partnership with e.ventures and Eight Roads Ventures. Following such capitalisation, it str...

Flipkart To Invest $25M in Silicon Valley Based AI Startup To Enhance Tech

7Feb By Sabhyata AgarwalNo Comments

News

Flipkart To Invest $25M in Silicon Valley Based AI Startup To Enhance Tech

Arch rivals Flipkart and Amazon come up with strategies day-by-day, in order to surpass the competition and stand as number one in the market. In consideration to the fact, the domestic e-commerce giant, Flipkart is looking to invest $25 million (Rs 160 crore) in Silicon Valley to upgrade its technology heap by focusing on deep technology, a report in a financial daily said. Such expansion comes over a month after the E commerce firm created an Internal Al unit known as AlforIndia. It is reported that the Bengaluru based business is keen to invest such a huge amount in at least one artificial intelligence (AI) startup based in Silicon Valley. "They (Flipkart) are looking at tech acquisitions in the valley because differentiated tech is a new focus area for the company. The idea is...

Why Firefox Ditched Yahoo To Make Google Its Default Search Engine

15Nov By RishabhNo Comments

Tech

Why Firefox Ditched Yahoo To Make Google Its Default Search Engine

[dropcap]F[/dropcap]irefox Quantum is here. Mozilla took some time to come up with something like that, something which is better, faster and lighter. The last couple of years have not been great for Firefox. Chrome browser, that took it back in the late 2011 now dominates the market with more than 60 percent, figures as suggested by StatCounter. With this release, Mozilla has set aside his deal with Yahoo that he made in 2014, to make it the default search engine provider for users in US, with others as options. With this not being the only noticeable change, Firefox has now started to keep in mind user's interests, which it seemed to have forgotten long ago about. “We looked at real world hardware to make Firefox look great on any display, and we made sure that Firefox looks an...

Scientist Developed New Augmented Reality System To Guide Plastic Surgery

26Aug By RishabhNo Comments

News

Scientist Developed New Augmented Reality System To Guide Plastic Surgery

Scientists have developed an Augmented Reality System that could be a useful guide to the planning, implementation and assessment of the results of facial reconstruction and other procedures. The system allows researchers to create three-dimensional (3D) simulations of the desired results from facial reconstruction procedures and project them over the patient's face during surgery. Researchers at the Osaka Medical College in Japan reported on the development and initial experiences with the Augmented Reality (AR) system to evaluate improvements in the body surface, an important consideration in plastic surgery. If you are looking for some plastic surgery because you would like to rejuvenate yourself then you can visit sites such as https://ramplasticsurgery.com or you can choose anot...

Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

12Jul By AdityaNo Comments

News, USA

Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

Hyperloop One today announced the successful completion of the world's first full systems Hyperloop test in a vacuum environment. This test was Phase 1 of a multi-phase program and was privately conducted on May 12, 2017 at the company's test track, 'DevLoop' in the Nevada Desert. The vehicle coasted above the first portion of the track for 5.3 seconds using magnetic levitation and reached nearly 2Gs of acceleration, while achieving the Phase 1 target speed of 70mph. The company is now entering the next campaign of testing, which will target speeds of 250 mph. "Hyperloop One has accomplished what no one has done before by successfully testing the first full scale Hyperloop system. By achieving full vacuum, we essentially invented our own sky in a tube, as if you're flying at 200,000 feet ...

Technology Giant Microsoft Will Cut Up to 3,000 Jobs

6Jul By AnkitaNo Comments

News

Technology Giant Microsoft Will Cut Up to 3,000 Jobs

Technology giant Microsoft is undertaking a major reorganisation that will likely see the company cutting about 3,000 jobs from its global workforce, a media report said today. The layoffs under the restructuring at the technology giant led by India-born Satya Nadella will mostly affect sales, and as many as 3,000 jobs will be cut, CNBC reported. The media report quoted a Microsoft spokesperson as saying that the company is implementing changes to better serve its customers and partners. "Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated. Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re- deployment in...

Nandan Nilekani Teams up With Sanjeev Aggarwal For $100 Million Fund

3Jul By NitishNo Comments

News

Nandan Nilekani Teams up With Sanjeev Aggarwal For $100 Million Fund

Infosys co-founder Nandan Nilekani has partnered venture capital veteran Sanjeev Aggarwal to set up a USD 100 million fund that will focus on building "enduring technology companies" out of India, specially consumer technology. Called the The Fundamentum Partnership, the platform will lead investment rounds ranging between USD 10-25 million in companies that are looking at scaling up and have attained a certain product market fit. "In a marked departure from industry practice, Fundamentum founders will not be charging any fund management fee or carried interest," it said in a statement. Aggarwal who had also founded of BPO firm Daksh will continue to also actively manage the portfolio of Helion Venture Partners (which he co-founded) along with other co- founders. "Fundamentum w...

25Jun By PriyankaNo Comments

FUNDING

Technology Startup HUG Innovations Raises $5 Million Funding

HUG Innovations, a technology startup has raised USD 5 million in series A Funding at the Live Instant Funding organised at the second edition of The Indus Entrepreneurs (TiE)- The Guardian Angel here. "Out of the four startups which pitched their idea to pin-up investors HUG Innovations succeeded in raising USD 5 million (Rs 33 crore) series A Funding," a release said today. HUG Innovations founded by Raj Neravati is a technology startup developing gadgets for fitness lovers works on gesture recognition mechanism. The other startups which pitched their ideas were GoLive Gaming, Voltus Wave and Cargo Exchange, it said. "The 2nd edition of The Guardian Angel brought in 125 applicants. We are confident these successful startups will create new benchmarks in the ecosystem and driv...

Infosys To Pay $1 Million Fine To New York In Visa Violation Case

24Jun By Press Trust of IndiaNo Comments

News

Infosys To Pay $1 Million Fine To New York In Visa Violation Case

IT major Infosys has reached a settlement for USD 1 million with the state of New York in a visa-related case, even though the company maintained it committed no wrongdoings and the probe was centred on alleged paperwork errors. In a statement, New York Attorney General Eric T Schneiderman today said a USD 1-million settlement with the Indian IT firm has been reached to conclude the investigation. While, the Bengaluru-based company in its statement said, "Infosys' agreement concludes the State of New York's investigation relating to the amount of taxes the company paid in 2010-2011 without any criminal or civil charges being filed. "While this investigation centred on alleged paperwork errors, the company committed no wrongdoing and denies all allegations made in this regard." ...

14Jun By PriyankaNo Comments

FUNDING

E-commerce Technology Provider Shopmatic Raises $5.7 Million Funding

E-commerce technology provider Shopmatic today said it has raised USD 5.7 million from a group of investors led by venture capitalist firm ACP Pte Ltd and Spring Seeds Capital. The company will use this fund to expand its global footprint. "Shopmatic..has raised USD 5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and Sping Seeds Capital Pte," the company said in a statement. The technology firm at present has operators in India, Singapore and Hong Kong. "After having successfully scaled its operations in India, Singapore and Hong Kong, Shopmatic will be using the funds to expand into other markets in Indonesia, the Philippines and the Middle East," the statement said. As part of this round of funding, ACP Managing Partner Same...