Each Time Apple Sells An iPhone X, Samsung Makes $110

Each Time Apple Sells An iPhone X, Samsung Makes $110

As far as high-end smartphones are concerned, Samsung could be having its cake and eating it too. Each time Apple sells a brand new iPhone X, it means one fewer customer for Samsung’s own range of high-end phones. But Samsung likely isn’t overly worried — it ends up making $110 off the sale of every new iPhone X anyway. Samsung provides many of the underlying electronic components for the iPhoneX, including the NAND flash, the DRAM chip,…

Court Says Stayzilla Had Indeed Defaulted On Dues, Initiates Process To Sell Its Assets

Court Says Stayzilla Had Indeed Defaulted On Dues, Initiates Process To Sell Its Assets

Stayzilla’s remaining assets could soon be sold to pay off its creditors. The Chennai bench of the National Company Law Tribunal (NCLT) has approved insolvency proceedings against the homestay aggregator, which had run into trouble earlier this year. Jigsaw Solutions, an advertising agency, had filed a petition under the Insolvency and Bankruptcy Code (IBC) before NCLT on 7 September, claiming that Stayzilla had defaulted on dues amounting to Rs1.69 crore. The NCLT bench has now said that it…

JP Morgan CEO Calls Bitcoin A “Fraud”, Price Tanks 11%

JP Morgan CEO Calls Bitcoin A “Fraud”, Price Tanks 11%

Bitcoin seems to elicit sharp reactions from people, but this might’ve been the first time a prominent figure has gone on to call it “a fraud.” Jamie Dimon, the CEO of JP Morgan Chase, has called the flagship cryptocurrency a “fraud” at an investor conference in New York. Dimon didn’t stop there, going on to say if any JP Morgan trader invested in bitcoin, he’d terminate them for being stupid. “I’d fire them in a…

YepMe Employees Take Company To Court, Say Haven’t Received Salaries In Six Months

YepMe Employees Take Company To Court, Say Haven’t Received Salaries In Six Months

If the previous few years were the golden period for e-commerce in India, 2017 is turning out to be just the opposite. After Snapdeal had fired more than 500 employees earlier this year, YepMe’s employees have now alleged they haven’t been paid for six months. These employees have moved to the courts to get the company to pay their salaries. These employees had sent a legal notice to the company on August 28, giving them…

Andhra Pradesh Signs MoU With Hyperloop Startup To Build Hyperloop Between Amaravati And Vijaywada

Andhra Pradesh Signs MoU With Hyperloop Startup To Build Hyperloop Between Amaravati And Vijaywada

Hyperloop startups are now competing with each other to quickly launch Hyperloop technologies in India. Hyperloop Transportation Technologies (HTT) has become the latest Hyperloop company to foray into the country. HTT has signed an MoU to build a Hyperloop between Amaravati and Vijaywada with the Andhra Pradesh government. The Hyperloop, once completed, will reduce the travel time between the two cities from an hour to six minutes. HTT is one of the firms producing Hyperloop solutions…

800 Engineering Colleges Across India To Shut Down After Being Unable To Fill Seats

800 Engineering Colleges Across India To Shut Down After Being Unable To Fill Seats

The engineering bandwagon in India might be slowly grinding to a halt.  AICTE has said that it wants to close down around 800 private engineering colleges because they’re unable to fill their quota of seats and admissions are falling every year, TOI reported. Colleges that lack proper infrastructure and report less than 30% admissions for five consecutive years will have to be shut down, said the higher education body. According to its website, AICTE has approved the…

German Team Wins Elon Musk’s Hyperloop Challenge, Hyperloop India Unable To Compete Following Delays

German Team Wins Elon Musk’s Hyperloop Challenge, Hyperloop India Unable To Compete Following Delays

A team from the University of Munich has won Elon Musk’s invitational Hyperloop student challenge, zipping its pod across the 1 mile long track at over 360 kilometers per hour. WARR Hyperloop had been one of the favorites for the competition, held last week at SpaceX’s headquaters in California. SpaceX had invited students from all over the world to build a pod that would use Hyperloop’s technology to attempt to cover a one-mile distance in the shortest…

Monster.com Accused Of Selling User Data, Court Orders Probe Days After Historic Privacy Ruling

Monster.com Accused Of Selling User Data, Court Orders Probe Days After Historic Privacy Ruling

Just days after the Supreme Court’s historic ruling declaring Privacy to a fundamental human right, companies are already being pulled up for misusing confidential user data. A trial court has ordered a probe against online jobs portal Monster.com for allegedly selling data of its website users to a third party, reports ET.  “It is common knowledge that when a person applies for a job on the internet, s/he feeds personal information which includes name, address…

Here’s How Companies And Startups Are Pitching In To Help Mumbai Through Its Rains

Here’s How Companies And Startups Are Pitching In To Help Mumbai Through Its Rains

Mumbai’s annual monsoon floods are becoming depressingly predictable, but startups and companies have tried to use their resources to help the city’s beleaguered citizens. Several companies have stepped up, and offered free accommodation, food, and shelter as Mumbaikars battle the worst rains in over a decade. 1 Redbus: After severe rains lashed the city, streets were flooded, train services suspended, and people stranded in homes and offices. Last night, Redbus announced it was letting stranded Mumbaikars…

Tired Of Waiting For The Next Game Of Thrones Book, Engineer Builds Neural Network To Write It

Tired Of Waiting For The Next Game Of Thrones Book, Engineer Builds Neural Network To Write It

Most Game Of Thrones fans are resigned to waiting until 2019 to find out what happens in HBO’s hit show, but an Artificial Intelligence engineer has decided to take matters into his own hands. Zack Thoutt, a full-stack software programmer, has written a neural network that automatically generates the sixth novel in George R. R. Martin’s series.  “I’m a huge fan of Game of Thrones, the books and the show,” he told Vice. “I had worked with RNNs…

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