Krishna Mali, Author at TechGraph – Page 2 of 37

Yandex launches AR short video App ‘Sloy,’ for fashion and lifestyle bloggers and brands

In an attempt to engage the local audience and bloggers, Russian search engine giant Yandex has announced the launch of ‘Sloy,’ an Augmented Reality-based short video app for fashion and style bloggers and users. Sloy, which is also known as ‘layer’ in Russian, will use machine learning technology to allow its users to create 90 seconds videos in genre from fashion to unboxing and to let peoples and brands by choosing them from their personalized recommended content feed. The app will also provide video editing tools,

Ola Exit: Pranav Tiwari, Sarmad Nazki resigns from Ola

A Bangalore-based ride-hailing company, Ola Cabs have reported the departure of two more senior executives from the company. According to the sources, familiar with the development told that “The departure of two senior executives has come from Ola's Engineering department and Ola Electric Mobility's Finance department. Where Pranav Tiwari, who was the head of engineering of Ola and Sarmad Nazki, Finance head of Ola Electric Mobility, resigned from their post on personal grounds.” Tiwari, who joined Ola, has the

Ministry of Commerce advises Ecommerce companies to decrease single-use plastics

In an attempt to reduce the use of single-use plastics in the country, the Commerce Ministry of India has directed “the Ecommerce companies to gradually reduce the use of single-use plastics for product packaging, which was being sold on their platforms.” The officials who were familiar with this development told that “The Ministry has advised the Ecommerce companies to discard the single-use plastics in packing, which accounts for more than 40 percent of non-fiber plastics.” “The companies have also been advised by

Airpay partners with InstaReM to launch “FX Payment” service for merchants

Mumbai based omnichannel payments company, Airpay, has announced its partnership with InstaReM to launch “FX payment,” an international payment solution for its merchants. “Being, an alternative to the credit cards, which are currently used by customers in 27 countries for making international payments. FX payments will provide highly effective, and cost-effective payment solution for Airpay’s Indian merchants in hospital, retail, education sectors, and their overseas customers to make payments through InstaReM on Airpay

AION Capital Partners infuses $40 million in Clix Capital

India's leading digital-lending platform for SMEs, Clix Capital has raised $40 million as fresh funding from its existing investors AION Capital Partners Ltd, and its promoters Pramod Bhasin, and Anil Chawla. The new round funding, which led by AION Capital Partners, “Will allow the company to expand its business across in varied segments, especially consumer finance and digital platforms,” the company in its statement said. The company, which has a presence across 12 Indian cities, and envisages deeper penetration in

Pakistan’s PIA operates 46 flights without a passenger during 2016-17

Pakistan International Airlines (PIA) has operated 46 flights without a single passenger from Islamabad Airport in 2016-17. Citing to an audit report, Pakistan’s media agency Geo News reported, “During 2016-17, the national airline has suffered a financial loss or Rs 180 million ($1.1 million). As 46 flights operated without passenger from Islamabad Airport.” The report further added, “Around 36 Haj and Umrah flights also operated without a passenger.”

Wipro Consumer Care Ventures to fund —India, Southeast Asian consumer brands startup

India’s leading FMGC company, Wipro Consumer Care and Lighting have announced a launch of its new venture fund called “Wipro Consumer Care Venture,” to fund Southeast Asia, and Indian startups in consumer brands space. In a statement, the company said that “The venture will focus on the consumer’s brands. Which has a differentiated approach where both parties can learn by leveraging their strengths and add value to each other.” “And, to lead the venture, the company has appointed Sumit Keshan, Ex-Executive of Wipro,

Groww raises $21.4mn from Ribbit Capital, Sequoia India, and Y Combinator

A Bengaluru-based investing platform, Groww has raised $21.4 million in series B round funding from U.S. based Venture Capital firm Ribbit Capital, and others. The new round funding led by Ribbit Capital also saw the participation of some of its existing investors like Sequoia India and Y Combinator. “Grow, which offers direct mutual funds on its platform has more than 2.5 million registered users on its platform. Will use the new round finance in hiring of staffs in engineering, product, and in growth department,”

Maruti Suzuki India marks one million export from Mundra port

India's largest Automaker giant Maruti Suzuki India (MSI) has crossed One million export marks from Mundra port in Gujarat after commencing its international dispatches a year ago, the company in its statement said. In a statement issued by the MSI, Managing Director and CEO, Kenichi Ayukawa, said: “With the decade of commencement of exports from Mundra, we have achieved the significant milestone of one-millionth shipping Car.” Mundra Port is a second car terminal port of MSI, exports over 14 models to international

InstaReM starts digital money transfer service in Canada

Solidifying the company’s presence in North America. Singapore -based cross-border digital payment company, InstaReM has announced the launch of cost-effective digital cross-border payments transfer service in Canada, and has also registered as a Money Service Business with the Financial Transactions and Reports Analysis Center of Canda (FINTRAC) to remit and transfer funds out of Canada. InstaReM, in its statement, said: “The launch of digital money transfer service in Canada, will allow any individuals or business