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Paper Boat, the beverage brand of Sequoia-backed Hector Beverages, has set aside $2 million (approx. 13 crores) for carrying its own research in food science and technology. It has developed a new R&D facility near Hoskote in Bengaluru. It has already started work in the facility and the centre will become fully operational in next few months.
Pokemon Go is the latest gaming phenomenon to take the world by storm. The AR reality-based game that makes you get off your couch and walk around the city to catch Pokemons and complete your Pokedex has caused analysts to ponder over the phenomenon as well.
Online taxi aggregators in India have once again come under the scrutiny of government agencies. And this time, regulators have raised objections against their system of calculating trip distance through GPS. According to an ET report, the road ministry wants these aggregators to measure the distance through traditional taxi meters.
Reports of hackers breaching the security of tech companies and government organizations are not new. But when the attack is on the campaign of the presidential candidate of the world’s oldest democracy, you know how grim the state of cyber-security is.
Just a month after minting a fresh round of $20 million, fashion e-commerce platform Voonik is back at it again. But instead of diluting more of its stock holdings, the company has raised another $3 million in venture debt financing from Innoven Capital to increase Voonik’s runway by a couple more months.
Xiaomi, one of China’s largest tech corporations that shot to fame on the back of its innovative and affordable smartphones, is not limiting itself to just phones. That’s a known fact. Well, it appears that after air purifiers, TVs, bicycles and the more recent — laptops, the company is getting ready to take the VR world by storm as well. Yes, Xiaomi may announce a VR headset of its own come August 1st.
The growing rate of Cyber crime in the country has finally evoked a response from the government. Union Minister of State for Home Kiran Rijiju spoke on the issue on Friday, stating that there must be no compromise when it comes to security and the government was readying to meet the threat.
The upcoming PlayStation VR from Sony is one of the hottest devices to be released in 2016. It was first rumoured a few months ago and we got official confirmation not long after that. Most believe that the new gaming console from Sony is going to change the way video games work, but we didn’t know what to expect. That’s about to change now as Sony has distributed official pamphlets (via Polygon) regarding the space requirements and gameplay style of the PS VR.
The general perception of an user when he/she deletes a so-called ‘secure’ chat is that the messages in that chat have permanently been deleted and there’s no evidence of those messages. But, according to a post published by iOS researcher Jonathan Zdziarski, WhatsApp isn’t completely secure as it retains and stores chat logs even after the chats has been deleted or archived.
After struggling to capture the interest of new clients with its corporate softwares, Oracle Corp. is now looking to bolster its cloud-service with its newest acquisition. The American tech giant has agreed to acquire the very-first cloud service provider NetSuite in an all-cash deal valued at $9.3 billion.
In a statement sent to us, Flipkart has explained, that this is more of a paerformance based ‘letting-go’ of employees rather than lay-offs. Nevertheless, employees — and close to the number originally quoted by us — have left the company. Here’s Flipkart detailed note on the same :
After spending many years in growth investment without any profit, Amazon has joined the list of top companies known for smashing earnings expectations of Wall Street. In its latest earnings call, Amazon revealed another stellar quarter with $30.4 billion revenues and $1.78 EPS. Analysts had expected $29.55 billion revenues and $1.11 EPS.
Joining the list of blockbuster earning reports is Google parent Alphabet, who has beaten all Wall Street expectations and posted a staggering 24 per cent growth in net profit this quarter. This increase has been fuelled by the rapid growth in the company’s core advertising business and the global shift towards mobile devices.
Using office on mobile couldn’t have gotten easier. Google has today announced nine new add-ons for Docs and Sheets that make working with Google’s office programs on your mobile device much easier. The addons are now available for download on Google Play as applications and within both Google Docs and Sheets.
Hyperloop Transportation Technologies (HTT), the company that had a singular aim of building and testing hyperloops is getting into a new affair. The company announced today that it has agreed to collaborate with Deutsche Bahn to create an “Innovation Train”. And no, it’s not going to be a future hyperloop train, rather a conventional train that employs some of the tech HTT has developed.
Good news for Chinese ride hailing corporations! The government of China has launched a slew of guidelines for cab aggregators to follow. The recently announced national guidelines will aim to set up a standard that will make cab operations, officially legal across the country. Read More
Quarterly earning call season it is! Some businesses have shown tremendous growth and soared in this quarter, while others have presented a disappointing outcome. Another multinational — Softbank — has today announced its quarterly results and joined the former list of rising and shining businesses.