Tag Archives: million

Bigbasket Says It Has Raised $300 Million in a Round Led by China’s Alibaba

HIGHLIGHTS Bigbasket has raised $300 million from China’s Alibaba It plans to focus on the 30 cities it is in, rather than adding more The company plans to hire more blue collar workers Grocery delivery company Bigbasket confirmed on Friday that it has raised $300 million (roughly Rs. 1,900 crore) in a round led by Chinese e-commerce company Alibaba. This is ... Read More »

Nokia sales grew throughout 2017, reached a total of 8.45 million units

HMD took it slow when it resurrected the Nokia brand. It initially launched the Nokia 6 in China and managed to sell 100,000 units in the first quarter (per IDC numbers). Its confidence grew and expanded to more regions and introduced more models. Q2 saw the introduction of the Nokia 5 and 3. Sales jumped up significantly as those two (along with ... Read More »

Uber Paid Hackers $100,000, Concealed Hack That Exposed Data of 57 Million Users

Uber said Tuesday that hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year. “None of this should have happened, and I will not make excuses for it,” said a statement from chief executive Dara Khosrowshahi, who took over at the ridesharing giant in August. Two members of the Uber information security team ... Read More »

Japan Display Said to Seek $900 Million for New OLED Display Production Method

HIGHLIGHTS Japan Display Inc group is seeking to raise $900 million The sum will be used to mass produce OLED panels using new technology Japan Display believes if it starts mass production, it will be the first The Japan Display Inc group is seeking to raise $900 million (roughly Rs. 5,854 crores) to mass produce OLED panels using new technology that will ... Read More »

Xiaomi Mi MIX 2 Gets Over Half a Million Registrations in a Day, Ahead of Friday Flash Sale

Xiaomi Mi MIX 2 has clocked over 600,000 registrations just a day after it was launched with much fanfare at Xiaomi’s event held in Beijing, where it also took time to introduce Mi Note 3 and Mi Notebook Pro laptop. While this is good news for Xiaomi, it should be kept in mind that these are just registration numbers and not pre-bookings. The Xiaomi Mi MIX 2 ... Read More »

Comio eyes sale of 1 million smartphones by March 2018

NEW DELHI: Original device maker Topwise Communication, which is the latest player from China to have entered the Indian market, aims to sell about one million units of its ‘Comio’ branded smartphones by March 2018. Comio, which will compete with the likes of Samsung, Xiaomiand Micromax in India, has unveiled three new devices priced between Rs 6,000-10,000. “We have launched three devices, which are ... Read More »

$25 million bond project providing new technology in WSFCS

WINSTON-SALEM, N.C. — The Winston-Salem/Forsyth County Schools system is putting about $25 million to work to better prepare their students for when they hit the workforce. As part of the 2016 bond referendum, Forsyth County residents approved the funds which go largely to updating technology in classrooms and media centers. “It’s a lot of work, but it’s very exciting for ... Read More »

Fire Emblem Heroes for iOS and Android Made $115 Million in 6 Months: Report

HIGHLIGHTS Fire Emblem Heroes sees most of its revenue generated from Japan US and Canada are also substantial markets Despite being featured globally, its downloads are relatively low Fire Emblem Heroes is Nintendo’s second game for iOS and Android after Super Mario Run. And while the strategy role-playing game series has been confined to Nintendo’s handhelds and home consoles, Fire Emblem’s smartphone debut has made $115 (around Rs. ... Read More »

Paytm Says It Plans to Sell Gold Worth $200 Million This Year

HIGHLIGHTS Paytm plans to sell 5 tonnes of gold valued around $200 million this year Clients can buy & sell even miniscule amounts of gold digit even at Re. 1 Paytm currently has more than 225 million users Paytm plans to sell 5 tonnes of gold valued around $200 million (roughly Rs. 1,288 crores) this year, the digital payments firm said on Friday, as ... Read More »

Newest Senate health bill would cause 32 million to lose coverage

Photo by Alex Wong/Getty Images Senate Republicans’ newest health care bill would cause 32 million additional Americans to become uninsured over the next decade, the Congressional Budget Office projectedThursday. Republicans on Wednesday put forward the Obamacare Repeal Reconciliation Act, a bill that would wipe the health law’s coverage expansion off the books without a replacement in 2020. The bill comes as the ... Read More »