Music streaming giant Spotify has raised $1 billion (roughly Rs. 6,632 crores) in convertible debt from investors, with strict conditions, the Wall Street Journal reported late Tuesday. Private-equity firm TPG, hedge fund Dragoneer Investment Group…
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Reliance Jio Launch Will Elevate India in Global Internet Rankings: Ambani
Calling Jio the world’s largest startup, Reliance Industries chairman Mukesh Ambani on Wednesday said the roll-out of its 4G services will lift India from a mobile Internet ranking of 150th to the top 10 slot.…
Nasscom Says It Welcomes 100 Percent FDI in Online Marketplaces
Indian IT industry’s representative body Nasscom on Tuesday welcomed the opening up the retail e-commerce segment to 100 percent foreign equity through the clause of automatic route. “The Department of Industrial Policy and Promotion (DIPP)…
Voot Video-on-Demand Service Launched in India
Media and entertainment major Viacom18 Tuesday launched its advertising-led video-on-demand platform Voot. Voot, a 50:50 joint venture between Viacom Group and the Mukesh Ambani-led Reliance Industries, will have a large repository of original content and…
Amaya’s CEO Takes Leave Amid Insider Trading Probe
The chair and chief executive of the world’s largest online gaming company has stepped back from the company after being charged with insider trading and stock manipulation, Amaya announced Tuesday. David Baazov, 35, “is taking…
Xiaomi Launches Mi Water Purifier 2, Mi Router 3, and New Bluetooth Speaker
At a media event on Tuesday, Xiaomi announced its Mi Ecosystem sub-brand. The company also took the opportunity to unveil the first product in that lineup, the Mi Induction Heating Pressure Rice Cooker. At the…
Trai to Look Into Interconnection Charges for IP Networks
Telecom regulator Trai on Tuesday said it will look into interconnection charges for Internet-based networks like 4G, furthering its regulatory framework for developing new age communication systems. “We will start consultation on it (IP Interconnection)…
Rajasthan Says Considering Online Registration of FIRs
Rajasthan government is considering online registration of FIRs and the facility would be started in one of the districts this year, Home Minister Gulab Chand Kataria said. Replying to a question on law and order…
Indian Railways Gets Bar Coding System for Unreserved Tickets
Railways Tuesday launched bar coding system for unreserved tickets to prevent revenue leakage and bring transparency in the ticketing system. Railway Minister Suresh Prabhu said bar coding of unreserved tickets, one of the rail budget…
Google Revamps Play Store Guidelines Portal; Addresses Ad-Blockers
Google has revamped its developer website to help Android users better understand the guidelines of its app store. The interactive website helps a developer quickly walk through various aspects of an app including security, ads,…
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