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Over 70 Percent Indian ATMs Are Hackable, Since They Run on Outdated Softwares Like WindowsXP

7 Feb

By Mudit Mohilay, The Tech Portal

In response to questions put to him by members of the parliament, Finance Minister Arun Jaitley has made a shocking revelation. According to the minister, as many as 70 percent of the total number of ATMs in the country are unsecure and prone to being hacked. The statement comes at a time when India finds itself facing a sharp rise in the number of cyber attacks and is extremely worrying. (more…)

Amazon Sold 80% More Kindles in India Compared to Previous year, Will Add New Features in 2017

30 Dec

By Deepanshu Khandelwal, The Tech Portal

Amazon’s Kindle — despite seeing stagnancy in western markets — is continuing to enjoy the popularity it first witnessed at introduction, here in India. According to latest papers filed by the ecommerce behemoth in the US, Kindle saw a sharp, 80% rise in sales in India, landing in an impressive ₹113.28 crore in Amazon’s revenue basket. The report came in via Economic Times. (more…)

When Will Apple Begin Manufacturing the iPhone in India?

22 Dec

Apple is discussing with the Indian government the possibility of manufacturing its products in the country, according to global media reports. According to The Wall Street Journal, Apple wrote to the Indian government last month about the matter. (more…)

Airtel Beats Paytm to Launch India’s First Payments Bank

25 Nov

By Mudit Mohilay, The Tech Portal

Payments banks are the next big thing in India’s finance sector. Right after RBI announced the new model, there was a virtual stampede to get a license. Along with different telecom providers Paytm was also one of the first in line to grab the go-ahead for launching its own banking service. However, while the payments aggregator seems to have focused its attention upon handling the boost in cashless following PM Modi’s demonetization scheme, Airtel has beaten it to launch India’s first payments bank service. (more…)

Flipkart Looks to Enter Grocery Segment, with Finalised Plans of Launching a Revamped Furniture Store

22 Nov

By Jeet Suthar, The Tech Portal

In the highly competitive online retail space of India, Flipkart is now reportedly going to focus on groceries and furniture. The move is aimed at take on its rival Amazon to become the market leader, and perhaps also take on other individual retailers in the respective segment. (more…)

Hero Motocorp Makes a Massive ₹180 Crore Investment in Electric Scooter Maker Ather Energy

31 Oct

By Jeet Suthar, The Tech Portal

In what would perhaps be the most re-assuring sign for India’s currently dilemnatic startup ecosystem, automobile industry stalwart Hero Motocorp has invested a staggering ₹180 crores into Bangalore-based smart electric scooter maker, Ather Energy.  This investment from world’s largest two-wheeler manufacturer comes in exchange of around 26-30 percent stake. (more…)

Blume Ventures Closes Its Second Early-Stage Fund at $60 Million

25 Oct

By Jeet Suthar, The Tech Portal

Blume Ventures, a VC firm which invests in early-stage startups, has announced the close of its second fund at $60 million. The firm had earlier planned to raise around $40 million, but increased the fund size later. (more…)

Flipkart Big Billion Days 2016 Take off, Hit the Ground Running

4 Oct

By Mudit Mohilay, The Tech Portal

Flipkart’s annual shopping fest has kicked off to a great start. In fact, great might just become an understatement before the event concludes — Considering that the company has managed to sell off over half a million products within one hour on Day 1 of the sale. (more…)

To Take on Amazon in India, Walmart is Looking for an Equity Partnership with Flipkart: Report

28 Sep

By Jeet Suthar, The Tech Portal

Continuing to be what is already a lucrative market for global companies, the battle for the e-commerce market in India is getting intense day by day. While global giants such as Alibaba, Rakuten are the latest entrants into Indian ecommerce, it’s now none other than Walmart Stores, which is reportedly exploring an equity partnership with homegrown e-commerce firm Flipkart. (more…)

To Woo Indian Customers, Uber Launches Its First-Ever Brand Campaign

24 Sep

By Anmol Sachdeva, The Tech Portal

Uber, the $63 billion American ride-hailing giant, after three years of operations in India is now pacing to fend off its local rival Ola Cabs while also attracting some much-needed attention from its customers. Though the company has previously refrained from media advertising, it has today rather surprised us with the launch of its first-ever brand campaign, titled ‘Move Forward’. (more…)