Jio’s free phone will hit telecom, erode revenues of competitors: Voda to DoT

The country’s second largest telecom player Vodafone expects Jio’s ‘effective free phone’ with unlimited calling to erode operators’ revenues which are already under pressure and sought reduction in various levies imposed by the government as a breather to the industry. “…The new operator continues to aggressively under- price its services, including announcing launch of ‘Effective… Continue reading Jio’s free phone will hit telecom, erode revenues of competitors: Voda to DoT

Patanjali to set up factory in Kashmir Valley, offer jobs to youth: Ramdev

Yoga guru Ramdev on Sunday said his consumer products company is in the process of acquiring land in Jammu and Kashmir to set up a unit there and would also offer jobs to youth in the state. Speaking on terrorism in the country, Ramdev said, “Any one who masters the art of Yoga can never… Continue reading Patanjali to set up factory in Kashmir Valley, offer jobs to youth: Ramdev

Driverless cars: Can you trust a robot to drive you home?

Uber and Ola are huge taxi companies but they own very few cars. However, their highly sophisticated systems of fleet management and GPS based navigation through city traffic make them so easily available and inexpensive. They have revolutionized personal transportation in nearly a thousand major towns worldwide with the result that many people don’t need… Continue reading Driverless cars: Can you trust a robot to drive you home?

Bank of India swings from loss to profit in Q1, bad loans fall

Bank of India (BOI), the country’s sixth biggest lender by assets, reported a first-quarter profit as its bad loan ratio narrowed and loan-loss provisions fell. Net profit was Rs 87.71 crore in the quarter ended June 30, compared with a loss of Rs 741 crore a year earlier, the Mumbai-based bank said on Wednesday. Analysts… Continue reading Bank of India swings from loss to profit in Q1, bad loans fall

City Union Bank Q1 net up 14% at Rs 140 cr

City Union Bank (CUB) has reported a net profit of Rs 140.32 crore during the quarter ended June 30, 2017, as compared to Rs 123.52 crore, a year ago, an increase of 14%. The bank is planning to seek shareholders approval for a Rs 500-crore Qualified Institutional Placement (QIP). N Kamakodi, managing director and chief… Continue reading City Union Bank Q1 net up 14% at Rs 140 cr

Facebook kills Snapchat-like app it released last year for users under 21

Facebook has shut down its standalone social networking app Lifestage that it released a year ago for high schoolers, media reports said. Not many people know about this Snapchat-like app as only users aged 21 or younger could sign up for it. According to a report in the Business Insider on Tuesday, Lifestage was intended… Continue reading Facebook kills Snapchat-like app it released last year for users under 21

Dual-camera Lenovo K8 Note launched in India, priced at Rs 12,999

Chinese smartphone maker Lenovo on Wednesday launched the much-awaited ‘K8 Note’ in India at Rs 12,999 (3GB RAM and 32GB storage version) that comes with a dual-camera setup (13MP+5MP sensor with flash). The 4GB RAM and 64GB ROM variant will cost Rs 13,999. The device with first stock Android (7.1.1) has 13MP selfie camera that… Continue reading Dual-camera Lenovo K8 Note launched in India, priced at Rs 12,999