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14 Jun

CapitalG invests in Aye Finance

by Ruchi Shukla
in Funding
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CapitalG invests in Aye Finance All eyes are on the Indian Economy in current times. All major companies have been showing interest in investing in the Indian Market. Aye Finance, a provider of loans to small and medium businesses got CapitalG’s investments. CapitalG (Google Capital) made its first investment in India by backing the micro-loan startup. CapitalG led the $21.5 million Series C round which also included...

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10 Jun

Yahoo messenger coming to an end!

by Ruchi Shukla
in Tech News
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Yahoo messenger coming to an end! A, not so Yahoo news, but sadly the messenger Market initiator has called it quits. It is official, Oath announced today that it would shut down Yahoo Messenger on 17th July, both the web portal and smart-phone app will be gone. The company says it is “focusing on building and introducing new, exciting communications tools that better fit consumer needs.” The messenger...

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05 Jun

Microsoft officially acquires GitHub

by Ruchi Shukla
in Big 5
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Microsoft officially acquires GitHub It is confirmed!  Microsoft has indeed acquired GitHub. The acquisition was completed at $7.5 billion in Microsoft stock. The popular Git-based code sharing and collaboration service was valued at 2 billion in 2015. So this deal is far more fruitful to GitHub than it anticipated. GitHub will get a new face Former Xamarin CEO Nat Friedman (and now Microsoft corporate vice president) will become GitHub’s CEO....

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01 Jun

GDPR Compliance now made mandatory by EU

by Ruchi Shukla
in Tech News
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GDPR Compliance now made mandatory by EU General Data Protection Regulation came into effect May 25, 2018. ‘GDPR’ are a new set of regulations set by the European Union (EU) to safeguard sensitive data from cyber-security breaches. Under the terms of GDPR, strict conditions govern how organizations gather data and how it is managed. Organizations that fail to comply will face penalties.   How does the new regulation affect...

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29 May

Amazon invests in Acko, leads $12 million funding round.

by Ruchi Shukla
in Big 5
Comments

Amazon invests in Acko, leads $12 million funding round. Acko Technologies and Services Pvt. Ltd. got Amazons attention. Acko, the digital insurance startup in India, confirmed that the U.S. retail giant led a $12 M round of funding for its business. The company had already started well when investors pumped $30 million into it last year. Now this round takes them to $42 million raised to date. Amazon...

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27 May

Uber Self drive car are not safe yet

by Ruchi Shukla
in Tech News
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Uber Self drive car not safe yet Uber’s self drive car got involved in a fatal accident recently in the U.S. This has raised concern whether to allow such vehicles to be on road. The whole incident has been recorded on the dash board cam. The footage reveals that the car had acknowledged an object in the front but didn’t stop. The woman was seen crossing...

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