Quibi to shut down barely 6 months after streaming service launch

Quibi to shut down barely 6 months after streaming service launch

Date: 2020-10-23Author: Saipriya Iyer

Quibi Holdings LLC, a media company, is reportedly shutting down its operations, just 6 months after the launch of a streaming service by the company. The streaming service, which was launched in April, served up shows in the format of 5 to 10-min....

Jio partners with Qualcomm to test & develop 5G radio access network

Jio partners with Qualcomm to test & develop 5G radio access network

Date: 2020-10-22Author: Saipriya Iyer

Jio Platforms, an Indian digital service company, has recently announced the testing and development of a 5G RAN (radio access network). This 5G RAN can transfer data at the rate of more than 1-GB per second. As per the statement made by Mathew Oo....

Deutsche-SPL test 4G voice & data connectivity at stratosphere edge

Deutsche-SPL test 4G voice & data connectivity at stratosphere edge

Date: 2020-10-21Author: Saipriya Iyer

Deutsche Telekom and Stratospheric Platforms Limited (SPL) have reportedly conducted the world’s 1st successful 4G voice & data connectivity demonstration. The demonstration has been made by flying at the stratosphere edge and fully integra....

Ireland’s DPC to investigate Facebook for Children's Data on Instagram

Ireland’s DPC to investigate Facebook for Children's Data on Instagram

Date: 2020-10-20Author: Pankaj Singh

Ireland’s Data Protection Commission (DPC), key data privacy regulator in the EU has started two inquiries on Facebook Inc after issues regarding the company’s handling of children's personal data on Instagram were raised. Graham D....

Cloudbet Announces the Integration of Pax Gold to its Platform

Cloudbet Announces the Integration of Pax Gold to its Platform

Date: 2020-10-19Author: Pankaj Singh

Cloudbet, the leading crypto casino, and sportsbook, announced that it has integrated Pax Gold to its platform, allowing participants to bet online with gold for the first time in history. The deployment of betting on a crypto-gaming platform sign....

Nokia to Revamp its IT Infrastructure; Signs a 5 Year Deal with Google

Nokia to Revamp its IT Infrastructure; Signs a 5 Year Deal with Google

Date: 2020-10-16Author: Pankaj Singh

Finland's Nokia announced that it has signed a five-year agreement with Google to replace its IT infrastructure with Google's Cloud offering as the company seeks to cut costs. The company confirmed in a statement that the deal is to foster....

Hyundai reviews plans to expand voluntary recall of Kona Electric

Hyundai reviews plans to expand voluntary recall of Kona Electric

Date: 2020-10-15Author: Saipriya Iyer

Hyundai Motor Co. is reportedly reviewing plans to expand its Kona EV (electric vehicle) recall across the globe. The step has been taken by the automotive manufacturer following several reports of batteries catching fire. As per the statement mad....

Walmart & Flipkart invest in India’s supply chain platform, Ninjacart

Walmart & Flipkart invest in India’s supply chain platform, Ninjacart

Date: 2020-10-14Author: Saipriya Iyer

Walmart and Flipkart, the e-Commerce giants, have reportedly announced an investment in Ninjacart, a tech-driven supply chain platform. Walmart is a multinational retail corporation, operating a chain of grocery stores, discount department stores,....

WA’s Coal-Fired Electricity Capacity to Phase Out in Five Years

WA’s Coal-Fired Electricity Capacity to Phase Out in Five Years

Date: 2020-10-13Author: Pankaj Singh

With rising reviewable energy, over half of the left coal-fired electricity capacity of Western Australia could phase out within 5 years. Bill Johnston, the Energy Minister will launch a 20-year blueprint for WA's biggest electricity system, w....

China launches Gaofen-13 on Long March 3B into geostationary orbit

China launches Gaofen-13 on Long March 3B into geostationary orbit

Date: 2020-10-12Author: Saipriya Iyer

China has recently launched Gaofen-13 into a geostationary orbit, onboard the country’s orbital launch vehicle, Long March 3B, from Xichang. Following an hour after the launch of the Gaofen-13 satellite, the China Aerospace Science & Tec....

India’s Future Group receives legal notice from retail company Amazon

India’s Future Group receives legal notice from retail company Amazon

Date: 2020-10-09Author: Pankaj Singh

E-commerce conglomerate Amazon has reportedly sent a legal notice to one of the most prominent retail chain in India, Future Group, also the second-largest in the nation, on the grounds of breaching the terms of its contract. If sources are to be bel....

India approves incentives to drive domestic smartphone production

India approves incentives to drive domestic smartphone production

Date: 2020-10-08Author: Saipriya Iyer

The Indian government has recently announced the approval of incentives under a federal plan to significantly boost the production of smartphones in the country. Under this initiative taken by the Government of India, 16 smartphone companies, incl....

Paytm Launches of its Mini-App Store to Support the Indian Developers

Paytm Launches of its Mini-App Store to Support the Indian Developers

Date: 2020-10-07Author: Pankaj Singh

Paytm, the digital payments enterprise launched his mini-app store to help India-based developers, in a direct contest to Google’s dominance in the space. The launch of the store comes after the app was temporarily removed on 18th September ....

Google Postpones 30% In-App Commission for India to March 2022

Google Postpones 30% In-App Commission for India to March 2022

Date: 2020-10-06Author: Pankaj Singh

Google announced that it is postponing the deadline for India-based developers to integrate with its Play store billing system by 31st March 2022. The development occurred after various Indian startups and developers had raised concerns regarding ....

LetsGetChecked-American Airlines unite to offer pre-flight COVID test

LetsGetChecked-American Airlines unite to offer pre-flight COVID test

Date: 2020-10-05Author: Saipriya Iyer

LetsGetChecked, an Irish at-home testing company, has reportedly selected American Airlines as a partner for its pre-flight COVID-19 testing program. The partnership has been entered to significantly help kickstart international tourism and travel. ....

Disney lays off 28K employees from theme park business amid pandemic

Disney lays off 28K employees from theme park business amid pandemic

Date: 2020-10-01Author: Saipriya Iyer

The Walt Disney Company, a mass media & entertainment conglomerate, has recently laid off 28,000 employees from the theme park business. The huge job-cut plan has been initiated due to the massive economic downturn posed by limited attendance ....

Kiadis and GCRBC team up to offer universal donor starting material

Kiadis and GCRBC team up to offer universal donor starting material

Date: 2020-09-29Author: Saipriya Iyer

Kiadis Pharma, a renowned Dutch pharmaceutical company that makes NK cell based medicines to treat critical life threatening diseases, and the GCRBC (Gulf Coast Regional Blood Center), a US based blood components supplier to more than 170 healthcare ....

Epic Games Announces Acquisition of Kid Tech Platform SuperAwesome

Epic Games Announces Acquisition of Kid Tech Platform SuperAwesome

Date: 2020-09-28Author: Pankaj Singh

Epic Games announced that it has acquired SuperAwesome, a leader in the “child tech” market that provides age-appropriate advertising and safe digital experiences to kids. The acquisition is followed days after Epic's $15 million i....

OYA Solar clinches financing worth $35 million from NY Bank

OYA Solar clinches financing worth $35 million from NY Bank

Date: 2020-09-25Author: Saipriya Iyer

OYA Solar, a leading solar development company, has reportedly announced that it has closed a $35 million construction and interconnection funding from state-sponsored  financial entity and division of NYSERDA, NY Green Bank. The financing wo....

UK-based CloudMargin raises $15 million in series B capital round

UK-based CloudMargin raises $15 million in series B capital round

Date: 2020-09-24Author: Pankaj Singh

CloudMargin Limited, a developer of an easy-to-use collateral management platform for major firms, has reportedly raised USD 15 million in series B capital round led by Deutsche Börse. The funding round also marked the presence of Tier-1 global ....

Fintech firm TrueLayer raises $25 million in Series C financing round

Fintech firm TrueLayer raises $25 million in Series C financing round

Date: 2020-09-23Author: Saipriya Iyer

TrueLayer, a UK-based financial API provider, has recently raised a Series C financing round worth $25 million. The latest investment will take the total funding amount secured by the company to $72 million. Headquartered in London, United Kingdom....