Krishna Mali, Author at TechGraph

BlackBerry to acquire AI and cybersecurity firm Cylance for $1.4 bn

The Canadian technology giant BlackBerry Ltd on Friday made an announcement of one of it's biggest acquisition made by the company till to date. In a statement issued by BlackBerry Ltd, the company said: "It is set to acquire Cylance an AI and cybersecurity company in $1.4 bn all in cash deal." The statement added, "the deal is pending for regulatory approvals and other customary closing condition and it is…

Perpule secures $4.7 million in series A round funding from Prime Venture, Kalaari Capital and Venture Highway

A Bengaluru based Omni-channel retail technology startup Perpule has secured $4.7 million in series A round funding, led by Prime Venture Partners with the participation of its existing investors Kalaari Capital and Venture Highway. In an aim to to use the A series round funding for expanding its presence into thousand of retails outlet across 10 cities by next year. Founded in October 2016, by two ex-Goldman…

Tencent profit increased by 30 percent in Q3

Tencent Holdings said on Wednesday its third-quarter net profit rose 30 percent, beating estimates, as investment gains offset a weak performance in the Chinese company’s core gaming business. Net profit at China’s biggest gaming and social media group in the July-September quarter rose to 23.3 billion yuan, compared with an average estimate of 19.32 billion yuan, according to 15 analysts polled by to I/B/E/S data…

NASCAR makes an offer to acquire International Speedway Corporation

NASCAR on Friday announced that it has submitted a bid to acquire all the shares of International Speedway Corporation (ISC) which will combine both the companies into one private company under the France family. In an interview with NASCAR's CEO and Managing Director, Jim France said: “In a highly competitive sports and entertainment landscape, a more unified strategic approach is important to our future growth."…

Apple to replace iPhone X and MacBook Pro 13 inch after facing technical issue

American technology giant, Apple Inc on Friday said that "It has found some issues which were affecting the new iPhone X and 13 inch MacBook Pro products and will repair it for free of cost." In a statement issued by Apple Inc, the company said: "The displays of iPhone X which came out in 2017 with the starting price of $999, may experience touch issue due to component failure." "The displays of iPhone X, which…

World gets its first AI news anchor

The world's first AI news anchor has finally, made its first presence in China. During the fifth World Internet Conference organized in China's Zhejiang Province, the Chinese Government state-run news agency Xinhua News introduces the first male AI news anchor who can continuously read the news for 24 hours and can do facial expression as well as like a real anchors do. Xinhua's first English #AI anchor makes…

India-American CEO arrested in California over H-1B visa fraud

A 46-year-old Indian-American has been arrested and charged in California on charges of H-1B visa fraud. Kishore Kumar Kavuru was arrested Friday morning and produced before the US Magistrate Judge Susan van Keulen. He was later released on bond. Kavuru has been charged with 10 counts of visa fraud and as many counts of mail fraud in connection with a scheme to maintain a pool of foreign workers for the clients…

Paytm records 179 Mn UPI transactions on Oct 18, sees 600% growth in 6 months

Paytm, an India-based online wallet on Friday announced that "The company has seen 600 percent growth in UPI (Unified Payments Interface) transactions. In a blog post, the company said: "It is encouraging to see the widespread adoption of Paytm BHIM UPI for various services such as mobile recharges, electricity and water hills, metro commute and also in offline stores." We are excited to announce that @Paytm…

WhatsApp to invest $250k in five Indian startups

Facebook owned instant messaging company, WhatsApp on Wednesday, announced "that it has partnered with Invest India to organize a startup challenge in the country with the aim to invest in the top five participants of the competition. " In the statement, the official said: "The company will invest $250,000 as a seed fund in the five winners of the 'WhatsApp StartUp Challenge." Startups are future of India:…

Walmart India to open 47 more B2B stores, plans to invest $500Mn

Walmart India on Wednesday, announced its plan to invest $500 million (approx RS 3,000 crore) to open 47 more B2B stores by the end of 2022. Talking to the media, Krish Iyer, President, and CEO of Walmart India said: "Out of 23 B2B Cash and Carry stores, 19 of them have achieved a milestone of more than million members. We are planning to set up 70 stores by 2022, that is a plan and we will also have an e-commerce…

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