Apple Acquires Canadian App Development Firm for Undisclosed Amount

Apple acquires app development startup Buddybuild. Apple has acquired a Canadian based IOS app tools startup Buddybuild for an undisclosed amount as the tech giant aims to further consolidate its app revenue. This is the second big acquisition by Apple in less than a month, after it acquired the music discovery app Shazam last month. The…

ByGirish ShettiJanuary 3, 20180Comments

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Pharmacy retail chain MedPlus raises $117.67 million in debt financing

The promoter of MedPlus Health Services Pvt. Ltd, has raised $117.67 million in debt financing from Goldman Sachs to buyout current private equity investors. Hyderabad-based MedPlus Health Services Pvt. Ltd is the second largest pharmacy retail chain in India after Apollo. It was founded by Madhukar Gangadi in the year 2006. The company’s existing private equity investors were US-based Mount…

ByPrashant SharmaJanuary 3, 20180Comments

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Apple Tenders Apology Over iPhone Slowdown Fiasco

Apple Issues apology over iPhone slowdown drama. Apple on Friday tendered public apology to customers after the tech giant admitted last week that it intentionally slowed down the batteries of several iPhone models for offering better user experience. Apple has sought to assuage angry customers, who have already filed class suits over the issue, by offering…

ByGirish ShettiDecember 29, 20170Comments

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Indian Government Issues Stringent Warning Against Bitcoin Trading, Compares it to Ponzi Schemes

Indian Government Issues Stringent Warning Against Bitcoin Trading The Indian government on Friday issued a stringent warning to all those investors who are investing unhesitatingly in virtual currencies such as Bitcoin. The seriousness of the latest warning can be gauged from the fact that government has compared cryptocurrencies with notorious ‘Ponzi schemes,’ that are known for…

ByGirish ShettiDecember 29, 20170Comments

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SoftBank All set to Pick Up 15% Stake in Ride Hailing Major Uber

A consortium led by Japanese telecommunication giant SoftBank picks up 18% stake in Uber. A consortium led by Japanese telecommunication giant SoftBank will pick up 18 percent stake in the ride-hailing major Uber Technologies Inc, Uber said on Thursday. The new development will be seen as a major triumph for company’s new CEO Dara Khosrowshah. The…

ByGirish ShettiDecember 29, 20170Comments

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Mukesh Ambani’s Reliance Jio joins hand with Anil Ambani to acquire mobile business assets of Reliance Communications

Billionaire Mukesh Ambani's Reliance Jio Infocomm (RJI), a subsidiary of Reliance Industries Limited, has entered into an agreement with Anil Ambani’s debt-ridden Reliance Communications (RCom) for acquiring assets under four categories namely spectrum, tower, optical fiber network and other wireless assets. According to RCom, the deal constitutes 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands,…

ByPrashant SharmaDecember 29, 20170Comments

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Apple faces Customer’s Wrath After Admitting to intentionally Slowing Down iPhone Devices

Apple faces multiple lawsuits. Tech giant Apple is being getting sued by several annoyed customers in the U.S, after admitting last week that it deliberately slowed down batteries of many iPhone models through a software update. According to several reports in the U.S. media, five iPhone users have filed class lawsuits in the New York City.…

ByGirish ShettiDecember 28, 20170Comments

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Bengaluru Based MonkeyBox Acquires 75 In A Box in All Stock Deal

Blume Ventures backed MonkeyBox acquires food delivery startup 75 In A Box. Blume Ventures funded MonkeyBox Food Tech Pvt. Ltd has acquired food delivery startup 75 In A Box in an all-stock deal. This is the second acquisition this year for MonkeyBox, which lapped up juice manufacturing startup RawKing earlier this year to add healthy juices…

ByGirish ShettiDecember 28, 20170Comments

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Atal Innovation Mission (AIM) selects 1500 more schools to establish Atal Tinkering Labs (ATLs)

NITI Aayog brainchild Atal Innovation Mission (AIM) has picked 1,500 more educational institutions across the country for establishing Atal Tinkering Labs (ATLs) programme to promote innovation and entrepreneurship in schools, universities, and industry. According to NITI Aayog, the addition of these schools will inculcate the vision of this mission among young minds. Since its inception in…

ByPrashant SharmaDecember 27, 20170Comments

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Facebook Mulling Aadhaar Prompt to Take on Fake Accounts: Report

Facebook starts testing Aadhaar based feature on its mobile site. Today Government of India is receiving lot of flaks from all quarters for making mandatory to connect Aadhaar Card with almost every damn thing. However, the social media giant Facebook seems to have not paid any heeds to this. It is currently busy testing an Aadhaar-based feature…

ByGirish ShettiDecember 27, 20170Comments

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