Carpooling startup Tripda raises $11 million, will expand Indian footprint to compete with Uber and Olacabs

By on January 30, 2015 at 4:40 PM.

Carpooling startup Tripda raises $11 million, will expand Indian footprint to compete with Uber and Olacabs

Brazilian startup Tripda has raised $11 million in Series A funding led by Rocket Internet and other investors. Tripda entered India in November and connects passengers with drivers who are travelling long distance acting like a carpooling service unlike the other technology-backed cab startups that are hired for shorter rides. More →
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Paytm to hire 4,500 people in order to expand marketplace seller base to 1 lakh: Report

By on January 30, 2015 at 1:46 PM.

Paytm to hire 4,500 people in order to expand marketplace seller base to 1 lakh: Report

Mobile marketplace Paytm is ramping up its operations in India. The five-year-old company that is heavily backed by many international investors, is now looking to add 100,000 sellers to its marketplace, and hire 4,500 more people to expand operations. More →
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Huawei to unveil Android Wear wearable and tablets at MWC 2015: Report

By on January 30, 2015 at 1:31 PM.

Huawei to unveil Android Wear wearable and tablets at MWC 2015: Report

Huawei recently outlined its brand strategy for 2015 in the form of a presentation and said that it would be primarily focusing on new wearables and tablets at Mobile World Congress, Pocket-Lint reports. Huawei has an event scheduled at MWC on March 1. More →
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Apple has beaten Samsung as ‘world’s largest smartphone vendor’, analysts claim

By on January 30, 2015 at 1:04 PM.

Apple has beaten Samsung as ‘world’s largest smartphone vendor’, analysts claim

After netting the biggest quarterly profit by any company ever, Apple has added one more feather to its hat by establishing itself as the world's largest smartphone vendor, eclipsing Samsung in the process. More →
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Samsung posts first annual profit decline in three years

By on January 30, 2015 at 12:12 PM.

Samsung posts first annual profit decline in three years

Samsung Electronics, the world's largest smartphone maker, posted its first drop in annual net profit in three years, days after arch-rival Apple reported the biggest corporate profit in history. The South Korean firm, whose key mobile phone operations have struggled in the face of intense competition from cut-price Chinese rivals, also warned that it expected 2015's "business environment... to be as challenging as 2014."  More →
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Microsoft to invest in Cyanogen – a company that wants to take Android away from Google

By on January 30, 2015 at 11:21 AM.

Microsoft to invest in Cyanogen – a company that wants to take Android away from Google

Microsoft is about to invest in Cyanogen Inc, a software company that modifies Android and allows service providers to strip Google services. According to a report on The Wall Street Journal, the Windows Phone maker would be a “minority investor” in a $70 million round of financing that values Cyanogen in the “high hundreds of millions.” More →
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Nokia announces 443 million Euros net profit, 10 percent sales growth in Q4, 2014

By on January 30, 2015 at 11:05 AM.

Nokia announces 443 million Euros net profit, 10 percent sales growth in Q4, 2014

Nokia made a net profit of 443 million Euros ($502 million) in the fourth quarter and sales grew nearly 10 percent. Its share price however fell as the results were offset by a poor performance in some regions, higher costs and a low dividend. More →
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Bharti Airtel to apply for payment bank license, Kotak Mahindra Bank to be investor

By on January 29, 2015 at 6:20 PM.

Bharti Airtel to apply for payment bank license, Kotak Mahindra Bank to be investor

Top mobile operator Bharti Airtel today said it will apply for a payment bank licence, while private sector lender Kotak Mahindra Bank will have a 19.9 per cent stake in the proposed banking venture. More →
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