Xiaomi secures $1 billion loan for global retail expansion

Xiaomi Mi Home Store Bengaluru-1

Xiaomi has secured a whopping $1 billion loan to expand globally and increase its retail footprint. The Chinese smartphone maker has revealed that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank of China (Hong Kong) Limited, Deutsche Bank AG, and Wing Lung Bank.

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Zomato, Ola team up to offer cab booking and food delivery

Zomato

Zomato and Ola have announced a strategic partnership to offer both of its services to their users. As a result of the partnership, Zomato users will be able to book Ola rides within the app and also make payments using Ola Money. Continue reading “Zomato, Ola team up to offer cab booking and food delivery”

India’s LTE handsets base crosses 150 Million units in Q2, Xiaomi tops in under Rs.10000 category

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India’s LTE installed base of handsets crossed 150 million units and is only behind China and USA now and is estimated to surpass the USA in next one year, according to a latest report from Counterpoint’s Market Monitor service. Xiaomi toppled Samsung in the best-seller slot for smartphone models in the under Rs 10,000 segment in the second quarter of 2017.
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India’s smartphone shipments fall for the first time in Q2 ; Xiaomi, OPPO maintain growth: Canalys

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The Indian smartphone market contracted for the first time in its history, as shipments to the country fell 4% year on year to just under 27 million units in Q2 2017, according to the latest report from Canalys.

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Axis Bank acquires mobile payment firm FreeCharge for Rs. 385 crore

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Axis Bank has agreed to acquire mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for Rs. 385 crore. The latest deal comes just a day after Snapdeal board approved Flipkart’s $900- $950 million buyout offer.

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Google Pixel 2, Pixel XL 2 without 3.5mm headphone jack surface in renders

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A series of 3D renders of the upcoming Google Pixel 2, Pixel XL 2 have surfaced thanks to popular tipster OnLeaks and MySmartPrice. The renders showcase Pixel 2 and Pixel XL 2 in black colour metallic body along with a circular fingerprint sensor at the back.
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Facebook records $9.32 billion in revenue, 2.01 billion MAUs in Q2 2017

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Facebook has revealed financial earnings for Q2 2017. The social network has recorded $9.32 billion in revenue, up 45% year-over-year (YoY). Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion.

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Paytm partners with AGTech Media to launch mobile games in India

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Paytm has teamed up with Hong Kong-based firm AGTech Media to launch a mobile gaming company in India. As per the joint venture, Paytm will hold 55% in the new joint venture while AGTech group will own 45%. Together they would invest $16 million (Rs 103 crore) in the venture. Paytm will invest around $8.8 million and AGTech will invest $7.2 million in the new venture.

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Google’s Trusted Contacts location-sharing app now available for iOS

trusted contacts

Google had launched Trusted Contact location sharing app for Android last year in December. The app which lets you share your location with loved ones in everyday situations and in case of emergencies is now available for iOS as well. Continue reading “Google’s Trusted Contacts location-sharing app now available for iOS”

Snapdeal approves Flipkart’s revised $900-950 million buyout offer

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Snapdeal has accepted Flipkart’s revised $900-950 million buyout offer, according to a latest report from Reuters. Citing two sources, Reuters stated that the board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s bid of $900 million-$950 million last week.

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Microsoft Kaizala chat and productivity app launched in India

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Microsoft has officially launched Kaizala chat and productivity app in India. Available for Android and iOS, Kaizala is aimed at large group communications and work management. Similar to WhatsApp, users will have to use mobile phone numbers as their primary unique ID to use the Kaizala app that is powered by Microsoft Azure cloud platform.
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Google says 11 phones will be Daydream-ready by the end of 2017

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Google has announced that more smartphones will be compatible with its Daydream VR platform. A total of 11 Android smartphones will be Daydream ready by the end of 2017. The announcement was made Google CEO, Sundar Pichai during Alphabet’s latest earnings call. Continue reading “Google says 11 phones will be Daydream-ready by the end of 2017”

Google adds SOS feature on Maps and Search for emergencies

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Google has launched a new safety feature for Search and Maps that will help you during time of emergencies The feature is aimed at making emergency information more accessible during a natural or human-caused crisis. Continue reading “Google adds SOS feature on Maps and Search for emergencies”