IBM to create a new Internet of Things unit by investing $3 billion

By on March 31, 2015 at 4:46 PM.

IBM to create a new Internet of Things unit by investing $3 billion

IBM has announced that it will create a new "Internet of Things" unit and will invest $3 billion over four years to build on it. The idea behind the "Internet of Things" is that sensors will be embedded in everything and networked to create data. This flow of data could improve operations. More →
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Snapdeal forays into financial services, acquires a majority stake in RupeePower

By on March 31, 2015 at 4:38 PM.

Snapdeal forays into financial services, acquires a majority stake in RupeePower

Snapdeal has acquired a majority stake in RupeePower, a provider of loans and credit cards. The terms of the deal have not been disclosed, but it is a controlling stake. Snapdeal said that it will launch a financial services marketplace using this acquisition, and projects that it will provide $1 billion of loans over the next two years through the platform. More →
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Alibaba Chairman Jack Ma meets Modi, promises to help out small businesses in India

By on March 31, 2015 at 4:19 PM.

Alibaba Chairman Jack Ma meets Modi, promises to help out small businesses in India

Looking to expand its presence in India, Chinese e-commerce giant Alibaba's Chairman Jack Ma met Prime Minister Narendra Modi, as he came on a visit to India for the second time in just about four months. In his meeting with Modi, Ma discussed how Alibaba can help empower small businesses in India, the e-commerce major said without elaborating further. More →
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Chinese CEO compares Apple to Nazis in new poster teasing launch of new smartphone

By on March 28, 2015 at 11:11 AM.

Chinese CEO compares Apple to Nazis in new poster teasing launch of new smartphone

The billionaire founder and CEO of Chinese Internet video site Leshi TV Jia Yueting has compared Apple to the Nazis in a new poster that teases the launch of the company's new smartphone wherein the image shows a cartoon of Adolf Hitler wearing a red armband with the Apple logo in place of the Nazi swastika. More →
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HTC’s design head resigns less than a year after taking the top job

By on March 27, 2015 at 12:51 PM.

HTC’s design head resigns less than a year after taking the top job

After the leadership reshuffle reported just a few days ago, HTC's VP of Industrial Design, Jonah Becker has announced his departure from the company. He had taken up the responsibility from his predecessor Scott Coyle, who quit the company less than a year ago. More →
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Micromax to raise up to $1 billion from Japan’s SoftBank

By on March 27, 2015 at 12:00 PM.

Micromax to raise up to $1 billion from Japan’s SoftBank

Handset-maker Micromax plans to raise up to USD one billion from overseas investors, including Japan's SoftBank, as the homegrown firm looks to invest in start-ups and bring in innovative technology to defend its turf against rivals like Samsung and Xiaomi. More →
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Amazon India launches Kirana Now to get your local baniya online

By on March 26, 2015 at 1:25 PM.

Amazon India launches Kirana Now to get your local baniya online

In January, reports of Amazon looking at new ways to bring kirana stores online surfaced, and the e-commerce giant was figuring out the logistics for it. Now, the company has launched a new platform called Kirana Now, just for this purpose. The platform will be launched in Bangalore first and will be rolled out in other cities in phases. More →
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