TOKYO -- ANA Holdings likely cut its operating loss by half for the April-June period to about 75 billion yen ($680 million), Nikkei has learned, as cost-cutting efforts and strong demand for airfreight begin to lift the group out of a coronavirus-induced downturn.The Japanese airline group, which operates All Nippon Airways, faces a sixth straight…
India Post Payments Bank (IPPB) has recorded an over twofold increase in transactions since the beginning of the pandemic last year, even as payments banks have in general been struggling to find a viable business model.The sovereign-owned lender on average records about 1 million transactions worth Rs 30 crore daily. It may now create a…
TOKYO -- IBM has unveiled Japan's first quantum computer for commercial applications, its Japanese arm said Tuesday, as Washington and Tokyo join hands to push the field toward practical use with an eye on recent strides by China.The IBM Quantum System One is up and running at the Kawasaki Business Incubation Center near Tokyo. The…
Credit: Microsoft Microsoft released its groundbreaking Flight Simulator for its Xbox Series X and S on Tuesday, but PC gamers have a real treat as well: The significant performance upgrade Microsoft and Asobo Studios teased is now live. In early July, Asobo said that it had rewritten the game’s code to double the frame rate and significantly…
Online travel app Ixigo has raised $53 million (Rs 395 crore) from investors led by Singapore sovereign wealth fund GIC, ahead of its proposed initial public offering, according to regulatory filings sourced from Tofler. “The company is looking at a valuation of $750-800 million for the IPO that is scheduled for the fourth quarter of…
Credit: Oculus Facebook’s Oculus division said Tuesday that it’s pausing sales of the company’s Oculus Quest 2 headset, after reports that its foam facial interface irritated the skin of some customers.When the device returns in a few weeks, however, Oculus said that the Quest 2 would also feature a larger storage option, a 128GB headset…
WhatsApp has introduced a new setting for the Archived Chats folder that will help you ignore chats marked as archived. The archived chat folder usually reappears in the main chat list the moment you get a new message on WhatsApp. With this new feature, the archived messages will continue to stay tucked away in the…
One teaspoon of healthy soil contains more bacteria, fungi and other microbes than there are humans on Earth. Those hungry organisms can make soil a difficult place to store carbon over long periods of time. Catherine UlitskyThe hope was that the soil might save us. With civilization continuing to pump ever-increasing amounts of carbon dioxide…
New Instagram Update defaults 16 year olds account as private when they sign up. (Image: Instagram) In a bid to make Instagram safer for youngsters who use the platform, the social media app is rolling out a set of new features that will 'give them all the things they love about Instagram while keeping them…
Chip maker Intel has announced that its first big customer for its new Foundry Services is Qualcomm. Intel will start to make chips for Qualcomm in future by using Intel’s new 20A process that is expected to ramp in 2024. Qualcomm is a well-established player when it comes to providing chips for smartphones due to…
The wait is officially over for Nothing's rather elusive true wireless earbuds. Known as the Nothing Ear (1), the $99 buds are the first product to drop under the new startup, founded by OnePlus' co-founder Carl Pai.On the outside, it's safe to say the Ear (1) buds have a unique aesthetic compared to what's currently…
Bandhoo, a digital platform focussed on the construction sector, has raised $1.1 million from Unitus Ventures.By working closely with real estate, infrastructure and construction companies, building-material suppliers, and construction workers, Bandhoo is set to make the labor market more transparent and efficient. With this, Unitus Ventures completes its twelfth investment in the job-tech category. Bharat…
Yondr Group, a global developer and service provider of hyperscale data centers, has formed a strategic joint venture partnership with Everstone Group.Operating under the brand name EverYondr, the Mumbai facility will deliver 30MW by 2023 and 60MW of IT capacity when fully developed, said a company statement.The joint venture, with an initial capitalisation of $…
Apple has rolled out the Safari 15 beta for macOS Catalina, as per a report by 9To5Mac, which also claimed that Apple has sent invites to some users to join the AppleSeed program and then try a pre-release version of Safari 15 and provide their feedback. Conversely, a report by MacRumors claims that the Safari…
One of the biggest hassles of moving from an iPhone to an Android phone is the fact that you can’t move your WhatsApp messages easily. As per a report by 9to5 Google, Android phones will soon have the capability to easily transfer WhatsApp chats from iOS to Android instantly through Google's Data Restore Tool. Neither…
Palo Alto, USA and Herzilya, Israel: Uniphore said on Tuesday that it has agreed to acquire automation software company Jacada. The company’s contact centre automation software with low code/no-code capabilities makes it a perfect fit in Uniphore’s business strategy. Uniphore will acquire the Nasdaq listed Jacada for an undisclosed sum. And this is Uniphore’s second…
Gaotu Group, a Beijing-based education and training firm, has seen its New York stock price plummet to US2.50 from US$149 in the span of just six months, exemplifying the vulnerability of Chinese stocks to regulatory risks in the wake of the latest crackdown that has upended the country‘s private tutoring market. Gaotu, formerly GSX Techedu,…
Rolex Rings, one of the top five forging companies in India, has raised Rs 219.3 crore from 26 anchor investors on July 27, ahead of IPO opening.The offer will open for subscription on July 28, and will close on July 30.The company in consultation with merchant bankers, has finalised allocation of 24,36,666 equity shares to…
Nothing has officially taken the lid off its first product. The Nothing Ear 1 TWS earbuds have been unveiled globally with an iconic new design, active noise cancellation, excellent battery life, water resistance, and 11.6mm drivers.Nothing Ear 1 Price in IndiaThe Nothing Ear 1 earbuds are priced at Rs 5,999 in India. The earbuds are…
Representative image of the Russian Sputnik V COVID-19 vaccine Dr Reddy's said it was waiting for 2.7 million doses of Sputnik V COVID-19 vaccine from Russia for second jab, for the full fledged rollout of the vaccine."We have received 150000 of both the dose 1 and dose 2, following which we got 3 million, however…
Uniphore Technologies, a startup using artificial intelligence to improve customer service calls, has acquired Israeli contact centre automation provider Jacada to make it easier for customers to integrate its solutions using the latter’s low code or no code platform.The acquisition comes after Uniphore raised $140 million in Series D funding led by Palo Alto-based Sorenson…
FMCG major Britannia, one of the largest players in the biscuits market in the country, on Tuesday, launched ‘5050 Potazos’, a potato-based biscuit.Britannia 5050 Potazos is thin, crispy and delivers the familiar ‘masaledar’ flavours of a potato chip in a biscuit format, the company informed.The company has launched the new variant under its 5050 brand.“Britannia…
TOKYO -- Sumitomo Mitsui Financial Group has applied to establish a brokerage in China, joining several other Japanese banks in tapping relaxed foreign ownership rules there.The Japanese megabank and unit SMBC Nikko Securities submitted a joint application dated Tuesday to the China Securities Regulatory Commission. They will ramp up preparations to launch the new company…
Digitisation and growth-oriented initiatives have enabled India to take progressive strides, and the government is focused on policies in areas like licencing framework, spectrum management and broadband to strengthen digital infrastructure, a senior DoT official said on Tuesday.Telecom and IT industries have achieved a level of maturity and built capabilities for business, technology, innovations and…
Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, said on Tuesday it raised $310 million in fresh capital from investors, boosting its valuation to $2 billion. The funding round was co-led by investment firms such as Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital and SCB…
The Delhi High Court Tuesday said online lending platforms offering short-term personal loans through mobile apps cannot be allowed to charge exorbitant interest and processing fees and asked the Centre and RBI to look into the issue. An expert body is required to look into the issue, the high court said, added that it expects…
Nykaa E-Retail Pvt. (PC- Nykaa Website) Beauty platform company Nykaa is likely to be the first profitable company from the startup space which has put its IPO plans on the fast track. Sources tell Moneycontrol that Nykaa will file its DRHP with the market regulator SEBI in the next few days.Sources suggest that Nykaa is…
This May, the Insolvency and Bankruptcy Code (IBC) completed five years since it was passed by Parliament. It was a law envisaged to give a quicker, time-bound alternative for recovery of bad loans for banks. Since its implementation, it has no doubt given an effective tool to recover loans but has not been able to…
The Reserve Bank of India has raised the limit on loans to be sanctioned to directors or associates without board approval for the first time in 26 years to Rs. 5 crore from Rs. 25 lakhs last set in 1996. This revision in threshold will be applicable to only personal loans disbursed to any director…
London-based technology brand Nothing has introduced its much-awaited true-wireless earbuds called Nothing ear (1). The earbuds from the company take a new approach on the TWS earbuds design in the form of transparent design. Both The earbuds and the case are completely transparent and most internals are clearly visible with naked eyes. Other features of…
Chinese technology company Oppo has launched the second iteration of its Oppo Watch as Oppo Watch 2 in its native market, as per a report by XDA Developers. The smartwatch comes in 42mm and 46mm sizes and in two variants: eSIM and Bluetooth-only. The Bluetooth-only variant comes only in 42mm size.The Oppo Watch 2 has…