Paytm ‘Is as Indian as Maruti’, CEO Vijay Shekhar Sharma Says on Chinese Funding HIGHLIGHTS Alibaba pumped in $680 million into Paytm’s parent One97 last year Chinese investors are looking to raise their stake to 70 percent in Paytm Paytm Bank will not engage in a rate war with rivals like Airtel Facing criticism over significant Chinese ownership, Paytm Founder ... Read More »
One of the stories somewhat lost in the headlines earlier this month, is that of an impressive comeback. After almost two years of lagging performance, Samsung operating profits rose 80 percent during the last quarter over the same time last year. Reuters reports much of the cause of declining profits was due to losing part of the smartphone market share to Apple. While ... Read More »
Coined the ultimate laptop by Microsoft (NASDAQ:MSFT), the new Surface Book i7 packs a punch, in terms of performance and the bruising your wallet will take. The announcement of the new i7 comes just as Microsoft released Surface Studio, another bruiser that is squarely aimed at taking on Apple’s stronghold among creative users. And for the first time, Apple really ... Read More »
Facebook Will Now Insert New Updates Into Your News Feed as You Scroll HIGHLIGHTS Facebook has changed how stories are loaded in the News Feed New stories will be dynamically inserted wherever you are in the feed This is coming to Android first Facebook has just announced an important change to the News Feed, the heart of your Facebook experience ... Read More »
Facebook has removed a video on breast cancer awareness posted in Sweden because it deemed the images “offensive”, the Swedish Cancer Society said Thursday. The video, displaying animated figures of women with circle-shaped breasts, aimed to explain to women how to check for suspicious lumps. Sweden’s Cancerfonden said it has tried to contact Facebook without any response and has decided ... Read More »
Twitter Reportedly Planning 300 More Job Cuts as Soon as This Week HIGHLIGHTS The company may cut about 8 percent of the workforce Announcement may come before Twitter releases third-quarter earnings Twitter is trying to control spending as sales growth slows Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar ... Read More »
Facebook Messenger Adds PayPal as a Payment Option HIGHLIGHTS PayPal announced its partnership with Facebook to start payments service PayPal will notify users and send them payment receipts It will begin rolling out starting the US The payment options on one of the world’s most used instant messaging apps, Facebook Messenger, has now widened. While previously Facebook Messenger only supported ... Read More »
HIGHLIGHTS Sony had a JPY 26 billion net profit in the six months through September Revenue during the period fell more than 10 percent to JPY 3.3 trillion Strong demand for games for its hugely popular PlayStation 4 game console Sony said Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses ... Read More »
HIGHLIGHTS Intel struggling as tech users shift away from PCs to mobile phones Sales in the company’s PC business declined 3 percent to $7.3 billion Intel said it expected third-quarter revenue to be $15.6 billion Intel raised its quarterly revenue forecast for the first time in more than two years as suppliers of parts used in personal computers replenish their ... Read More »
HIGHLIGHTS Salesforce said on Friday that it would not make a bid Twitter CEO Jack Dorsey may now have to chart an independent course Dorsey is likely to face intense scrutiny over his continued role as CEO Twitter Inc faces an uncertain future after Saleforce.com Inc , the last of the companies believed to be interested in buying the troubled ... Read More »
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