A head of Reliance Jio Launch, Reliance Retail has introduced its entry level range of LYF smartphones, LYF Wind 6 and LYF Flame 1. The devices come equipped with technology such as VoLTE and VoWi-Fi, which will deliver 4G experience when used on a VoLTE supporting network. LYF Flame 1 and LYF Wind 6 comes for a price of Rs 6,490 and Rs 7,090 respectively. With Wind 6 and Flame 1, everyone can experience HD-quality voice and video calls, multi-party voice and video conferencing, Wi-Fi calling, high-speed Internet, and seamless switching of a call from the service provider’s network to any available Wi-Fi network.
Vineet Taneja calls it quits from Micromax Informatics
Micromax CEO, Vineet Taneja has quit the company to pursue other interests. Vineet Taneja had earlier worked with Samsung India and at Bharti Airtel before joining Micromax in July, 2014. Earlier, many senior level executives had quit the company. It is said that Vineet Taneja had clashes with the promoters namely Rahul Sharma, Rajesh Agarwal, Vikas Jain and Sumeet Kumar and could not implement his ideas. They were possibly encroaching on the role that Taneja was supposed to play as well.
Jayalalitha announces launch of Tamil Nadu Arasu Cable TV Corp Ltd
Chief Minister of Tamil Nadu, Jayalalitha, on Tuesday over a video conference, has announced the launch of Tamil Nadu Arasu Cable TV Corporation Ltd (TACTV), which will provide fibre-based broadband services starting at Rs 299 per month for a line with 2 Mbps speed and a 2 GB data limit. Last year, Arasu cable had acquired the ISP license from the telecom ministry. The bandwidth for the broadband will be provided by Vodafone which can be provided to up to 15000 customers, with around 1100 connections already under testing.
Blood-Pressure App’s Readings Not Accurate, Says Study
Instant Blood Pressure, an app downloaded by tens and thousands of people, which is no longer available for purchase, gave inaccurate impressions to users that their blood pressure was normal when in reality they were dangerously high, a US study suggests. People still use the app to tests their BP.
Digital media technology brand Komli Media renews partnership with Twitter
Digital media technology brand Komli Media has renewed its partnership agreement with Twitter for India till March, 2017. Komli signed this partnership for the first time with Twitter in 2012. Under the agreement, Komli will continue to help Twitter expand its Promoted Products suite and emphasise on the company’s monetisation efforts. Komli Media is driving Twitter advertisement campaigns for some of the biggest Indian brands including Levi’s, Cathay Pacific, Zoomcar and Adani to name a few.
Times Internet acquires US cricket broadcaster, Willow TV International
Times Internet has acquired Willow TV International, a cricket broadcaster in the US. Willow is one of the fastest growing sports networks in the US. Willow is the only channel that is dedicated to cricket in the US, with an aligned direct-to-consumer digital service. For Times Internet, Willow is complementary with its recent acquisition of Cricbuzz, a cricket destination. Willow is the first US acquisition by The Times of India Group.
Zopper acquires cloud-based point of sale software EasyPOS
Zopper has announced the acquisition of EasyPOS Solutions. Retailers who have EasyPOS installed will be able to operate on Zopper through EasyPOS’ interface including adding prices to Zopper platform, sharing inventory and accepting and shipping orders.
Telephone subscribers reach 1036.41 million in Nov-Dec-15
The telephone subscribers in India increased from 1,035.18 Million at the end of Nov-15 to 1,036.41 Million at the end of Dec-15, showing a monthly growth rate of 0.12 percent, according to TRAI. The monthly growth rates of urban subscription were 0.29 percent during Dec, 15.
Ixigo Launches ‘ixibook’ to Simplify Travel Bookings
Ixigo has launched “ixibook” which will allow travellers to make bookings for flights and hotels within its app without being redirected to a third-party app or website. ixigo has collaborated with Cleartrip and OYO Rooms as its launch partners for flights and hotels respectively.
Indian SaaS Companies’ Valuation to be $10 Billion By 2025
Google & Accel Partners together released a report which has outlined the growth opportunity for Indian SaaS startups in the global market over the next 10 years. SaaS is a licensing and delivery model in which software is provided on a subscription basis rather than installed on a customer’s PC. As per the reports, India is likely to become a $10 Billion revenue industry by 2025. It further adds that SaaS products will see hyper growth and adoption by Small and Medium Businesses (SMBs), and will contribute to more than 75 per cent of the public cloud revenues. With the demand from SMBs in United States projected to double, and an expected explosion of demand from Europe, Indian startups have the opportunity to grab 8% of this revenue by creating purpose built innovative solutions targeted at SMBs globally.
Flipkart launches e-wallet to take on Paytm, Freecharge
Flipkart has launched its online wallet called Flipkart Money. The wallet will be powered by FX Mart which was acquired by Flipkart, last year. The wallet can be recharged with Rs 10,000 through credit/debit card or net banking. Flipkart had earlier also tried to launch a closed wallet in 2011 but shifted to marketplace model in 2013. The closed wallet limited the scope as it did not allow purchases from third party merchants.
Mango Phone Brand Directors arrested on Mphone Launch day
After all the controversies with world’s cheapest smartphone Freedom 251, new smartphone Mango or mPhone’s makers from Kerala are now in trouble. The promoters of Mango Phone which was supposed to be the new ‘iphone killer’ got arrested on the day of its launch at Kochi for allegedly duping the Kalamassery branch of Bank of Baroda of Rs. 2.68 cr. The company’s mPhone 11 Plus is priced around Rs 39,999 and mPhone 5s priced Rs 11,999 with five other models in between
Aahaa stores raises $1M funding
Chennai based Aahaa has raised $1 million in pre-Series. A round led by YourNest Angel fund and other investors. Aahaa is an online platform for sourcing consumables for businesses. The fresh infusion of funds will fuel aahaa’s market expansion, help enhance its technology and infrastructure and attract talent. The platform was launched in 2013 and helps its clients to consolidate their orders and provide end-to-end fulfillment. The company boasts of a 95 per cent reduction in the lifecycle of ‘indirect’ material purchases of a company.