Cigar Company Changes Name And Says It’ll Mine Bitcoin, Stock Jumps 2,233% In One Day

Cigar Company Changes Name And Says It’ll Mine Bitcoin, Stock Jumps 2,233% In One Day

What’s in a name? A lot, if you’re Florida-based company Rich Cigars Inc. Rich Cigars Inc, a company that until yesterday said its primary purpose was to “distribute, brand and market tobacco products,” today announced that it was changing its name. Rich Cigars said it would henceforth be called “Intercontinental Technology Inc”, and instead of manufacturing cigars, it would now be mining bitcoin. Its stock shot up 2233% immediately following the news. Before the news broke, Rich Cigars…

The Incredible Story Of Softbank’s Masayoshi Son, Now The Most Influential Man In Indian Startups

The Incredible Story Of Softbank’s Masayoshi Son, Now The Most Influential Man In Indian Startups

When he was 16, Masayoshi Son decided he wanted to meet Den Fujita, one of Japan’s most famous entrepreneurs. Fujita was the founder of McDonald’s Japan, and had written a book that Son admired. Son repeatedly called Fujita’s assistants, asking for a meeting, but his requests were ignored — successful businessmen don’t take time out of their busy schedules to meet eager 16-year-olds. Then Son decided to take matters into his own hands . He booked…

Only 40% Of Indian Engineering Graduates Manage To Get Jobs Through Campus Placements

Only 40% Of Indian Engineering Graduates Manage To Get Jobs Through Campus Placements

For all of India’s claims of being an IT superpower, its own engineering graduates are in surprisingly low demand. Only 40% of Indian BE and B.Tech graduates were able to find jobs through campus placements last year, AICTE data has revealed. And last year wasn’t one-off — over the last five years, the number of graduates managing to find jobs while in college has consistently stayed below 50%. This piece of data is particularly surprising…

IT Department Raids Offices Of Major Bitcoin Exchanges Across India On Suspicions On Tax Evasion

IT Department Raids Offices Of Major Bitcoin Exchanges Across India On Suspicions On Tax Evasion

As bitcoin has doubled in value over the last few weeks, it has attracted the attention of many first-time investors, eager to cash in on the craze. But bitcoin’s meteoric rise has also managed to attract the attention of Indian law enforcement authorities. The Income Tax Department today conducted survey operations at major Bitcoin exchanges across India on suspicion of alleged tax evasion.  The investigations were carried out under the command of the Bangalore investigation wing,…

Here’s How Much Money Softbank Has Made For Its Investors Over The Last 18 Years

Here’s How Much Money Softbank Has Made For Its Investors Over The Last 18 Years

Softbank is now the biggest investor in India’s startup space. It owns large chunks of five of India’s most prominent unicorns, Flipkart, Paytm, Ola, Inmobi and Snapdeal, and also has investments in other startups, including Oyo, Grofers and Housing. In the last three years, Softbank has pumped in $6 billion (Rs. 40,000 crore) into Indian startups, leading observers to wonder if it has a seemingly infinite supply of capital. But it turns out it sort of…

How Ravi Modi Bootstrapped Manyavar Into A Rs. 500 Crore Brand

How Ravi Modi Bootstrapped Manyavar Into A Rs. 500 Crore Brand

Virat Kohli and Anushka Sharma tied the knot in India’s most hotly-anticipated wedding yesterday. The nation seemed to rejoice as one — Cricket and Bollywood, its two chief passions, had come together, and everyone in India seemed to want to toast the young couple. But the wedding was extra special for a clothing company based out of Kolkata. Wedding apparel maker Manyavar had  managed to pull off what can only be described as a marketing…

Top 10 Names To Watch In Mixed Reality

Top 10 Names To Watch In Mixed Reality

There is simply no denying that the surge in mixed reality has been the biggest story of 2017. Some might argue that the release of the iPhone X was just as big, or that soaring values for cryptocurrencies constitutes as big a tech phenomenon as a financial one. It was recently written that Nintendo’s resurgence was the biggest tech story of the year, and that’s not a bad argument either. But the broader and likely…

Flipkart Suffers Technical Glitch, All Products On Site Shown As “Unavailable”

Flipkart Suffers Technical Glitch, All Products On Site Shown As “Unavailable”

Even India’s largest e-commerce company isn’t immune from the occasional technical glitch. Consumers browsing Flipkart today morning discovered that all products on the site were listed as “unavailable.” Confused buyers took to Twitter to express their surprise. @Flipkart All items are currently unavailable! What's up? — Raghavendra Kopalle (@ksraghavendra) December 11, 2017 Right now, this very moment, @Flipkart shows every item in the inventory unavailable! pic.twitter.com/2RWtot3Cky — Angsty Pantsy (@nitinsgr) December 11, 2017 Oh yeah….

This Restaurant In Chennai Has Robot Waiters That Serve Food

This Restaurant In Chennai Has Robot Waiters That Serve Food

When they said that robots were coming for our jobs, they really meant all kinds of jobs. A restaurant in Chennai now employs robot waiters to serve food to its patrons. The restaurant, called Robot and located in Semmancheri, is built around a Robot theme with neon lights, robot displays, and in a strange tech-pop-culture mashup, a robot sitting on the Iron Throne. The crowning grace, though, are the faceless robots who glide around the…

Bitcoin’s Market Cap Now Is More Than The Value Of All Indian Currency Notes In Circulation

Bitcoin’s Market Cap Now Is More Than The Value Of All Indian Currency Notes In Circulation

Bitcoin’s had an incredible run this year, but mere numbers don’t completely capture how incredible the run really has been. Bitcoin’s market cap — the total value of all bitcoin in circulation — now exceeds the total value of Indian currency notes in circulation. As of 27th October 2017, Rs. 16.35 lakh crore of Indian currency existed in the form of notes. With a price of $15,588 for each bitcoin, the total value of bitcoin…

1 2 3 72