Category: Business

Apple acquired Xnor.ai at US $200 million

According to a recently released report, Apple has bought edge based AI startup named Xnor.ai at the price of US $200 million. Currently, the basic variant of Apple iPhone 11 Pro comes with a price tag of US $ 24.95 …

Paytm becomes the largest issuer of FASTag in India

Paytm Payments Bank has announced that it has achieved a milestone by issuing 3 million FASTags to customers and thus becoming the largest FASTag issuer in the country. This has accelerated the adoption of electronic payments across toll plazas. FASTag …

PayU acquires PaySense for $185 million to merge with LazyPay

PayU, the digital credit platform, announced that they are merging the operations of LazyPay and PaySense to start a full-on digital payment platform in India. LazyPay is a buy now pay later platform. PayU has acquired PaySense for $185 million. …

Oppo planning to manufacture smartphones in India

As a part of the ‘Make in India’ program, Oppo is planning to manufacture 100 million smartphones in India next year. The Make in India process offers the companies a large number of subsidies and tax breaks for setting up …

Alphabet’s New CEO Sundar Pichai To Get Paid $242 Million

The Google CEO, Sundar Pichai was appointed CEO of Alphabet earlier this month when the founders Larry Page and Sergey Brin relinquished the control of the parent company and took early retirement after two decades of their reign in Google …