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Showing posts from October, 2019

OnePlus Nord2 5g review

OnePlus Nord 2 is an upcoming mobile by OnePlus. The phone is rumored to come with a 6.43-inch touchscreen display. OnePlus Nord 2 is expected to be powered by an octa-core MediaTek Dimensity 1200 processor and come with 8GB of RAM. The OnePlus Nord 2 is rumoured to run Android 11 and is expected to be powered by a 4500mAh battery. As far as the cameras are concerned, the OnePlus Nord 2 is rumored to pack a triple camera setup featuring a 50-megapixel primary camera; an 8-megapixel camera, and a 2-megapixel camera. The rear camera setup has autofocus. It is rumored to sport a single camera setup for selfies, a 32-megapixel primary camera. OnePlus Nord 2 is based on Android 11 and packs 128GB of inbuilt storage. The OnePlus Nord 2 is tipped to be a dual-SIM (GSM and GSM) mobile that will accept Nano-SIM and Nano-SIM cards. Connectivity options on the OnePlus Nord 2 are said to include Wi-Fi 802.11 a/b/g/n/ac/Yes, GPS, USB Type-C, 3G, and 4G (with support for Band 40 used by some LTE net

What happens to infants born to mothers breathing pollute

Air pollution not only poses several health risks but is also found to have adverse effects on infants born to mothers exposed to polluted air. Mothers-to-be who are exposed to particulate air pollution during pregnancy are likely to deliver infants who show reduced cardiac response to stress, according to a study published in the journal Environmental Health Perspectives. Variability in how the heart rate responds to stressful experiences is essential for maintaining optimal functioning of the cardiovascular, respiratory, and digestive systems and also is central to emotional well-being and resilience to stress over one's lifetime. Decreased heart rate variability, as observed in this study, is a known risk factor for mental and physical health problems in later life. Air pollution's negative effect on heart rate variability has previously been found to lead to medical and psychological conditions such as heart disease, asthma, allergies, and mood or behavior

Tencent Leads $110-m Round in MX Player

Chinese technology giant Tencent is leading a $110-million (about  ₹ 780 crore) financing round in MX Player at around $500 million (around  ₹ 3,545 crore) valuation, The Economic Times reported citing people close to the matter. This will be the video-streaming platform’s first external fundraising after its acquisition by Times Internet (TIL), which has also participated in the current round. The deal would help Tencent get a foothold in the fast-growing Indian over the top, or OTT, market, as it is expanding its video streaming platform Tencent Video outside of China with a recent launch in Thailand. For Tencent, this is the second instance of the internet conglomerate backing a Times Internet property. It led a $115-million funding round in music streaming service Gaana in February last year. Times Internet is part of The Times Group, which also publishes this paper. In 2018, Times Internet acquired a majority stake in MX Player, which was then a video playback app, from Chines

Amazon invests ₹4,473 cr in its Indian subsidiaries

Firm infuses  ₹ 3,400 cr into online marketplace,  ₹ 900 cr into its payments platform The latest round of investment comes at a time when Amazon’s India biz witnessed narrowing losses Global e-commerce giant Amazon Inc. has infused $631 million (  ₹ 4,472.50 crore) into its Indian subsidiaries, including Amazon Seller Services, Amazon Pay and Amazon Retail, show filings with the Registrar of Companies. The e-commerce giant has invested  ₹ 3,400 crore in Amazon Seller Services, its online marketplace arm,  ₹ 900 crore in its payments platform Amazon Pay (India), and  ₹ 172.50 crore in Amazon Retail India. Mint couldn’t ascertain how Amazon plans to utilize the funds for the three subsidiaries. The development comes even as its rival Flipkart applied for government licences to set up a new local entity, Flipkart Farmermart, which will focus on food retailing in India. Flipkart is expected to pump in  ₹ 2,000 crore initially in the business, with further investments as it e

Aramco may begin planned IPO on 3 Nov

Aramco is looking to float a 1-2% stake on the kingdom’s Tadawul market The company will soon have more shareholders from institutions, the head of the kingdom’s sovereign wealth fund, Yassir al-Rumayyan, said Saudi Aramco aims to announce the start of its  initial public offering (IPO)  on 3 November, three people with direct knowledge of the matter told  Reuters , after delaying the deal earlier this month to give advisers time to secure cornerstone investors. The people also said Aramco’s chief executive officer, Amin Nasser, was not present at the conference on Tuesday as he was meeting investors abroad ahead of the offering. Aramco is looking to float a 1-2% stake on the kingdom’s Tadawul market, in what would be one of the largest ever public offerings, worth upwards of $20 billion (£15.6 billion). Aramco, in response to queries by  Reuters , said on Tuesday the oil company “does not comment on rumour or speculation. The company continues to engage with the share

ungle Ventures raises $240 mn for third fund

Jungle Ventures, a Singapore-based venture capital (VC) firm that has invested in several Indian startups, has raised $240 million for its third fund, Mint reported citing a press statement from Jungle Ventures. The firm will invest in innovative technology and digital-driven consumer businesses across Southeast Asia from this fund. For its previous two funds in 2013 and 2016, it had raised $12 million and $100 million, respectively. More than 90% of the capital for the third fund came from institutional investors from North America, Europe, West Asia and Asia. These investors include DEG, Germany’s development finance institution; IFC, a member of the World Bank Group; Bualuang Ventures, a corporate VC fund of Bangkok Bank; Dutch development bank FMO; Cisco Investments and Singapore’s Temasek, among others. The Jungle Ventures III fund includes $40 million raised in separately managed account commitments, the statement added. The firm has already invested in five companies sprea

Microsoft set to invest $200 mn in Ola, boost connected car tie-up

In other news, Jungle Ventures, a Singapore-based venture capital (VC) firm that has invested in several Indian startups, has raised $240 million for its third fund Microsoft set to invest $200 mn in Ola, boost connected car tie-up Ride-hailing company Ola is set to unveil a connected car project in partnership with Microsoft Corp., which will also invest around $200 million in Ola’s parent, ANI Technologies Pvt. Ltd, Mint reported citing two people aware of the deal. Microsoft will acquire around 4.5% in ANI Technologies as part of the deal. The project, which began in 2017, aims to connect cars with Internet of Things sensors, and the transmitted data is stored in the cloud. The car is thus tracked not only for its location through GPS, but also for the quality of its engine and for relaying information needed by vehicle insurers. The project will showcase software and hardware solutions addressing the emerging mobility segment, as it will include cloud solutions, a connecte

Lessons from WeWork and Uber IPOs for Start-ups

Uber’s disappointing run at the New York Stock Exchange in the US and WeWork shelving it's initial public offering (IPO) plan just a week ahead of its schedule has sparked a debate overvaluation of start-ups and them going public. Getting listed for a start-up indicates a new high in its journey, but in the last few months many intriguing questions have cropped up. These setbacks have come at a time when in India, software-as-a-service start-ups Druva and Freshworks are reportedly planning to go public. Fintech start-up Mobikwik, too, has announced similar plans. Adding to the list, cab aggregator Unicorn Ola’s CEO and co-founder Bhavish Aggarwal also announced at an event that he is now “absolutely focused” ongoing public and is eyeing an IPO in the next 18-24 months.  Tryst with Stock Markets In an IPO, a company offers equity shares, or ownership, to the public. While investors become shareholders of the company, the company unlocks its value and raises capital f