Market Archive

Ola Aims $100 Million Funding For Further Expansion

Cab aggregator Ola’s board has approved raising up to USD 100 million from existing shareholders, primarily to fund its expansion plans. The company, which is locked in an intense battle with American rival Uber, had recently raised funds to the tune of Rs 1,675 crore from its Japanese investor, SoftBank. The approval was for issuance

Tesla Cuts Down The Price Of Its Cheapest Model S

If you’re planning of buying the entry-level Tesla Model S, there is a got good news for you: Not only is it cheaper, it also comes with some free extras. The changes, which went live recently are as follows: Tesla Model S 75, which comes with a 75kWh battery, and the all-wheel drive variant 75D,

Xiaomi To Unveil New Flagship Phone On April 19

Good news: The Xiaomi Mi 6 is coming soon. The company will be launching its next flagship on April 19 in Beijing. The company didn’t share any actual specs for the phone, but it did say the Mi 6 would be a performance beast. Xiaomi has lost a little of its luster recently: The company

Bid Adieu To Windows Vista

The end has finally come for one of the world’s most hated pieces of software, Windows Vista. Microsoft will no longer be supporting Windows Vista, the company announced in a support article. Often called the worst version of Windows, Vista was released just over a decade ago in 2007, five years after Windows XP and

ImMobi is Now India’s Second Profitable Unicorn

Mobile advertising firm InMobi, one of India’s 10 unicorns, is now a profit-making venture. Data analytics firm Mu Sigma is the only other Indian unicorn with that distinction. (India’s other unicorns are Flipkart, Snapdeal, Ola, Paytm, Quikr, Hike, ShopClues and Zomato.) InMobi, backed by Japanese telecom giant Softbank, competes with the likes of Facebook and

WhatsApp To Be Soon Used For Making Payments

WhatsApp is India’s most popular instant messaging app, and they’re introducing person-to-person payment solutions in the country. The company is in talks with the government to add support for UPI, a new payment system by the National Payments Corporation of India (NPCI). UPI is open to third-party services, making payments is as fast and easy

Amazon Recruiting Social Media Celebrities To Boost Their Business

Boost Their Business In a latest development, Amazon is seeking social media celebrities. The online shopping giant quietly launched a new program this week in which influencers with large followings can apply to host their own stores on its site in exchange for a commission on products sold. The program, currently in its beta testing

Krispy Kreme’s Changing Its Name?

Samsung has come with a new features with Galaxy S8 include a standard 3.5mm headphone jack. But the future of music listening is undoubtedly wireless, which is why it’s also great the Galaxy S8 and S8+ are the first smartphones to include Bluetooth 5.0 with support for not one, but two pairs of wireless headphones

Norton Unveils Wi-Fi Privacy VPN Service For Safe Browsing In India

Software giant Norton (Symantec) has expanded its portfolio in India with the launch of a new product. Dubbed Norton Wi-Fi Privacy, the security solution is aimed at preventing the hacking of confidential user information over unsecured Wi-Fi networks. It’s available for multiple platforms, including Windows, mac, iOS and Android. Norton Wi-Fi Privacy comes in three

Amazon Likely To Buy Online Retailer Souq.Com: Report

Amazon.com Inc has agreed in principle to buy 100 percent of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal. Amazon declined to comment and a spokesperson for Souq.com did not immediately respond to a request for comment. Goldman Sachs acted as adviser for Souq.com and helped to arrange the deal, two

Cognizant Likely To Retrench 6,000 Employees

Cognizant is set to cut at least 6,000 jobs, which represents 2.3% of its total workforce, as it struggles with growth in an IT environment that is fast shifting towards new digital services. The variable payout to employees for 2016, too, is expected to be adversely affected. The layoffs are likely to be more this