Latest News Today – Amazon Prime Day Sale: Discounts, Deals on Echo, Echo

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Amazon Prime Day sale deals will include discounts on Echo, Fire TV, Kindle, and Alexa-based smart home devices. The two-day annual sale will also bring deals on the newly launched Echo Show 10 and Fire TV Cube, the e-commerce company announced on Wednesday. Some of the Echo devices during the Prime Day sale are said to be available with up to 50 percent discount. Amazon will also bundle its Echo Dot smart speakers with select TV models.

One of the most convincing deals during the Amazon Prime Day sale will be the combo of the Echo Dot (3rd generation) along with a smart colour bulb at Rs. 2,299. The speaker normally retails at Rs. 3,499.

Customers purchasing a OnePlus TV U Series will also get the Echo Dot (3rd generation) at no additional cost. The smart TV range starts at Rs. 46,999 and comprises 50-, 55-, and 65-inch models.

The Prime Day sale will allow customers to get the Echo Dot (3rd generation) at a discounted price of Rs. 999 when purchased along with an AmazonBasics Fire TV Edition 4K smart LED TV that starts at Rs. 34,999. The 4K smart TV comes in 55- and 55-inch versions. Amazon will also offer the Echo Dot (3rd generation) at Rs. 1,499 on purchase of some other smart TV models during the Prime Day sale.

The Amazon Prime Day sale will offer up to 50 percent discount on Echo smart speakers and smart displays. There will also be up to 50 percent off on Fire TV devices, including the newly launched Fire TV Cube. Further, the sale will bring Fire TV Edition smart LED TVs at half their official prices.

For customers looking to pick a Fire TV Stick during the sale, there will be a 55 percent discount on the media streaming device bundled with annual subscriptions of Zee5, SonyLIV, and Voot Select under a limited period offer. Additionally, Amazon has announced a Rs. 4,000 discount on Kindle e-readers, including on the regular Kindle, the Kindle Paperwhite, and the Kindle Oasis.

Apart from Amazon Echo, Fire TV, and Kindle devices, the Prime Day sale will bring deals and offers on select Alexa built-in smartphones from OnePlus and Xiaomi. There will also be deals on Alexa built-in TVs, and speakers. Furthermore, the Amazon Prime Day sale will bring Alexa built-in smartwatches including Mi Watch Revolve Active for customers looking to get the voice assistant on their wrists.

You can explore the deals on various Amazon and Alexa-supported devices from the dedicated microsite.

The Prime Day sale will be held between July 26 and 27. It will be an exclusive event for Amazon Prime members. Apart from the Amazon and Alexa-specific discounts and deals, the sale will have a range of offers on smartphones. Flipkart is also hosting its Big Saving Days sale from July 25 to take on Amazon’s Prime Day sale.


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Latest News Today – Intel Lands New O-RAN 5G Network Deal With Bharti

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In 5G Rollout Push For India, Intel Lands 5G O-RAN Network Deal With Airtel

The country’s leading telecommunications provider Bharti Airtel announced on Wednesday, July 21, that it is collaborating with American multinational tech company Intel to accelerate the rollout of 5G network in India by leveraging the virtualized radio access network (vRAN) as well as O-RAN (open radio access network) technologies. The collaboration between the two leading firms is likely to provide a major 5G network rollout boost in the country.

The joint efforts by Intel and Airtel will evolve the communications network from fixed-function equipment to the virtualized cloud-native deployments. This will enable edge-to-cloud communications to power a hyperconnected world where industry 4.0, cloud gaming and virtual or augmented reality become a daily experience for customers. The collaboration is part of Airtel’s 5G roadmap for the country, according to a statement shared by the telecom operator.

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Robinhood IPO Is No Giveaway | Sidnaz Blog

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Robinhood Markets likes to give away free shares to attract new customers. Its public offering to investors is a different matter.

The offering bears some similarity to recent IPOs such as

Coinbase Global

and

Rocket Cos.,

which made their debut in the midst of crypto and mortgage booms, respectively. Investors had the challenge of trying to chart out a normalized earnings and revenue path. So far, neither of those prior examples have worked out for initial public investors.

Robinhood derives the vast majority of its revenue from trading by its customers, including in cryptocurrencies like Dogecoin. In this topsy-turvy market, it will be quite difficult to forecast what that activity level looks like a year from now. Plus, its primary trading revenue source is payment for order flow, one of the most hotly debated topics in finance and in Washington.

Amid that uncertainty, there is one measure that cuts through a lot of the noise: how much an investor would be paying at the IPO valuation per funded account. That is a way to benchmark Robinhood to established peers in the retail brokerage business.

At the proposed IPO price range set on Monday, a funded Robinhood customer account is worth about $1,500 to $1,600. Contrast that to a long-term average of about $2,000 for E*Trade over the past 15 years, before it was acquired for about $1,800 by Morgan Stanley, according to figures compiled by Christian Bolu of Autonomous Research. Charles Schwab, a much broader wealth- and asset-management business, has traded around $3,600 historically, and is closer to $4,000 today.

Vlad Tenev, co-founder and chief executive officer of Robinhood Markets. It will be Robinhood’s broad appeal that is most vital to justifying the IPO price.



Photo:

Daniel Acker/Bloomberg News

So that multiple isn’t by itself wild and suggests that, even if Robinhood has to alter its revenue model, it could still be a viable business just by virtue of the number of customers it has. But it also is giving Robinhood credit for a lot of growth it has yet to achieve. Consider that Robinhood’s typical funded account had about $4,500 worth of assets in custody at the end of the second quarter. The established retail brokers’ typical accounts are well into the six figures.

Yes, Robinhood’s accounts on average trade more. But overall, Robinhood still generates much less revenue out of its customers, in part because they are smaller. In the first quarter, average revenue per user was $137 at Robinhood. By contrast, TD Ameritrade and E*Trade were generating more than $500 around the time they were acquired, according to Autonomous. Charles Schwab was above $600 in the first quarter.

So the per-account price implies that Robinhood will either far better monetize its customers in the future, grow them at a much faster rate, or some combination thereof. Faster growth is much more likely, based on recent history: Schwab added 1.7 million net new brokerage accounts in the second quarter, while Robinhood added 4.5 million funded accounts on net. “Expanding the universe of investors has been, and we expect will continue to be, a significant driver of our market-leading growth,” Robinhood writes in the IPO prospectus.

Meanwhile, per-user revenue trends are already slowing. Preliminary second-quarter results given by Robinhood imply a drop-off in average revenue per user to under $120, with Robinhood noting that, while cryptocurrency and options trading are growing, equities trading activity in the second quarter was lower than it was a year ago.

The company can build on other revenue streams, which include margin loans to customers and cash management. But low pricing is a vital part of the company’s mission to expand its customer base. The company is still building out its securities lending platform, which could generate incremental revenue. In the face of slowing trading activity, though—and that includes crypto in the third quarter, according to the company—it is hard to bank on significant per-user revenue growth in the near future.

So it will be Robinhood’s broad appeal that is most vital to justifying the price. That makes the IPO itself a pivotal moment. Robinhood will be distributing potentially over 20 million shares to its own customers via its own platform. If the deal doesn’t perform well out of the gate for any reason, that could frustrate some of its most engaged customers.

Investors might have to wait for the dust to settle on this offering before thinking about nabbing any Robinhood stock for themselves.

The brokerage app Robinhood has transformed retail trading. WSJ explains its rise amid a series of legal investigations and regulatory challenges as it looks forward to its IPO. Photo illustration: Jacob Reynolds/WSJ

Write to Telis Demos at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Latest News Today – Will Probe Any Credible Proof Of Misuse

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'Will Probe Any Credible Proof Of Misuse,' Says Pegasus Maker NSO

Spyware Pegasus made by Israel’s NSO was allegedly used to hack journalists’ phones

New Delhi:

Israel’s NSO, the developer of military grade spyware Pegasus which has allegedly been used by multiple nations for snooping on politicians, judiciary, officials, activists and journalists, today said it will no longer respond to media inquiries. The expose by 17 news organisations across the world since Sunday, it said, was a “planned and well-orchestrated media campaign lead by Forbidden Stories and pushed by special interest groups”.

“NSO will thoroughly investigate any credible proof of misuse of its technologies, as we always had, and will shut down the system where necessary,” a spokesperson said.

Since Sunday, NSO has been denying that the leaked list on which the media investigations are based, is related to possible targets of surveillance.

But media houses which conducted the investigations on the leaked lists accessed by Amnesty International and Paris-based news non-profit Forbidden Stories, said forensic tests on some of the targeted phones and found traces of Pegasus activation.

NSO — which claims it supplies its software only to “vetted” governments for control of terrorism and crime — today reiterated that the list is “not a list of targets or potential targets of Pegasus. The numbers in the list are not related to NSO group. Any claim that a name in the list is necessarily related to a Pegasus target or Pegasus potential target is erroneous and false”.

The company said “Enough is enough” and that it would no longer “play along with the vicious and slanderous campaign”.

The statement follows a news report by Reuters that the Israel government has set up a senior inter-ministerial team to look into the allegations of abuse of the spyware.

Quoting un-named sources, the report mentioned potential diplomatic blowback after media reports of suspected abuse of Pegasus in France, Mexico, India, Morocco and Iraq.

Among the targets were multiple world leaders — 10 Prime Ministers, three Presidents and a king, the media has claimed.

In India, the spyware has been used to hack into phones of opposition leaders including Rahul Gandhi, two new ministers of the government, former Election Commissioner Asohk Lavasa and others, news portal “The Wire” reported.

The reports have caused a huge political uproar, with the opposition accusing the government of breaking multiple laws and creating a “surveillance state”.

The government has maintained that it has conducted no “unauthorised” surveillance, but is yet to provide a clear denial on the purchase of Pegasus, which the opposition has been demanding.

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Latest News Today – Google Bookmarks to Shut Down on September 30, Won’t

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Google Bookmarks will be shut down entirely on September 30. A banner has been put up on the Google Bookmarks website that mentions that the service will no longer be supported by Google after the mentioned date. The service has not been used by many users since it was introduced in 2005. Notably, Google also mentioned that users’ browser bookmarks and starred locations on Google Maps will not be affected by the shutdown on Google Bookmarks. These bookmarks can be saved externally if required.

The discontinuation of the Google Bookmarks service was spotted by Killed by Google and shared on Twitter. When visiting the bookmarking website, Google displays a message stating “After September 30th 2021, Google Bookmarks will no longer be supported.” It also mentions that users can save their bookmarks by clicking on “Export bookmarks.” Head here to see if you have any bookmarks saved.

The Google Bookmarks service was pretty advanced for when it was launched in 2005. It provided a cloud storage service for users to save their bookmarks along with annotating features – notes and labels – that helps in searching and sorting data saved on the website. Additionally, there was also a JavaScript-powered bookmarklet that let users quickly and easily save bookmarks from a browser.

If users find a ton of data on the Google Bookmarks website that they didn’t save, it is likely that the data was stored by a Maps app. It is also likely that Google may have been synchronising or may be partially storing Google Maps data onto the website. Notably, only the starred locations from Google Maps have been stored on the website.

It is also worth noting that users’ Maps data will not be lost as a Google spokesperson confirmed that “Starred Locations in Google Maps aren’t going anywhere. All of your starred places remain intact, and you’ll still be able to save places to a list just like you always have.”


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.


Satvik Khare is a sub-editor at Gadgets 360. His proficiency lies in educating how technology makes life easier for everyone. Gadgets have always been a passion with him and he’s frequently found finding his way around new technologies. In his free time he loves tinkering with his car, participating in motorsports, and if the weather is bad, he can be found doing laps on Forza Horizon on his Xbox or reading a nice piece of fiction. He can be reached through his Twitter
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Paytm and Zomato IPOs Point to Coming Wave of Indian Tech | Sidnaz Blog

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NEW DELHI—India is gearing up for tech IPOs, including two worth more than $1 billion, as startups look to tap a stock market that has proved resilient despite Covid-19.

The initial public offerings reflect the maturing of a generation of e-commerce and digital-economy companies, bankers say, many of which have grown rapidly during the pandemic as well-off city-dwellers turn to them when purchasing products from milk to medicines.

On July 16, the operator of the Paytm digital-finance app, One97 Communications Ltd., filed a prospectus for what would be India’s largest IPO in local-currency terms. The group offers services such as a mobile wallet, loans and stock-trading, and is backed by

Jack Ma’s

Chinese financial-technology giant Ant Group Co. One97 aims to issue new and existing shares worth a total of up to 166 billion rupees, the equivalent of $2.23 billion.

Other companies considering IPOs include digital-payments platform One MobiKwik Systems Ltd., which filed its prospectus earlier this month, and logistics and supply-chain-services provider Delhivery Pvt., according to a company spokeswoman. Online cosmetics seller Nykaa E-Retail Pvt., API Holdings Pvt., the parent company of online pharmacy PharmEasy, and PB Fintech Pvt., the parent of insurance aggregator Policybazaar.com, are also considering listings, according to people familiar with their plans.

“This is the first set of these companies coming to the public market” in India, said

Kaustubh Kulkarni,

the head of investment banking for India at the local unit of

JPMorgan Chase

& Co.

Demand for the shares is likely to be strong, given the companies’ brand recognition, said Mr. Kulkarni, who is also the bank’s co-head of investment banking for South and Southeast Asia. “Most of these companies are offering products, services or capabilities which millions, if not hundreds of millions, of customers are utilizing on a day-to-day basis,” he said.

Last week investors placed orders worth 38 times the shares being offered by Zomato Ltd., India’s answer to

DoorDash Inc.

The food-delivery group raised around 94 billion rupees, the equivalent of $1.26 billion, and its shares are due to start trading on July 27.

Some market-watchers say Indian tech has plenty of room to grow, as more consumption shifts online. Earlier-stage investors have poured about $16 billion into Indian startups this year, creating 16 new unicorns—young private companies valued at $1 billion or more—according to data firm Venture Intelligence.

India’s unicorn population will rise to 150 by 2025 from 60 now, predicted

Gaurav Singhal,

the head of India consumer technology at

Bank of America Corp.

’s investment-banking arm. Many will eventually look to float, he said, translating into a big increase in market capitalization.

“India will see $300 billion to $400 billion of market-cap creation in the internet ecosystem in the next five years,” said Mr. Singhal.

The deals already under way show how India’s financial sector has been swept up in an international boom, even as the country records more than 30,000 new Covid-19 cases a day, among the highest daily counts in the world.

Already this year, India has hosted a rush of IPOs—joining a global surge fueled in part by tech companies from elsewhere in Asia, such as China’s

Kuaishou Technology

and South Korea’s

Coupang Inc.

The operator of the Paytm digital-finance app filed a prospectus for what would be India’s largest IPO in local-currency terms.



Photo:

Dhiraj Singh/Bloomberg News

India’s 22 IPOs in the first six months of 2021 brought in $3.7 billion, a record half-year haul, according to Prime Database Group, a research firm in New Delhi. Shares in some recently listed companies are trading at twice their IPO price.

At the same time, Indian stock indexes have soared as investors bet on big listed companies. The S&P BSE Sensex has hit a series of record highs, most recently on July 15, and international investors have poured about $7.7 billion into Indian shares this year, official data shows.

Millions of individual Indian investors are trading stocks for the first time, again mirroring trends seen in the U.S. and some other markets.

Harpreet Singh,

a 23-year-old from the northern city of Pathankot, started dabbling in the market last year while waiting for the chance to study abroad.

Relying on advice from videos on YouTube and Telegram, Mr. Singh said, he has lost money at times—but still finds trading stocks more appealing than getting a job in his hometown, where he said private-sector work pays barely 10,000 rupees a month, equivalent to about $134.

“If you have knowledge of stocks,” he said, “then in three to four months you can earn hundreds of thousands of rupees, sitting at home.”

Write to Shefali Anand at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Latest News Today – Byju’s Acquires American Reading Platform Epic For $500

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Byju's Acquires American Reading Platform Epic For $500 Million

Byju’s has acquired Epic, a digital reading platform for children

Online education provider Byju’s announced on Wednesday that it has acquired Epic, which is a digital reading platform for children, for $500 million, which is around Rs 3,700 crore approximately.

Epic CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles, a statement issued by Byju’s said.

The edtech major said that it will further invest $ 1 billion in North America to accelerate its vision of helping students fall in love with learning.

The taking over of Epic will help Byju’s expand its footprint in the United States by giving access to more than two million teachers and 50 million children under Epic’s existing user base across the world, which has more than doubled over the last year.

“Our partnership with Epic will enable us to create engaging and interactive reading and learning experiences for children globally. Our mission is to fuel curiosity and make students fall in love with learning. Knowing that Epic and its products are rooted in the same mission, it was a natural fit. Together, we have the opportunity to create impactful experiences for children to become lifelong learners,” Byju Raveendran, founder and CEO of Byju’s said in a statement.

The alignment of missions and shared passion makes Byju’s the perfect partner, as Epic is confident that this acquisition will ignite excitement for learning around the world, Mr Markosian, co-founder of Epic, said.

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1,005 kg of ganja worth over Rs two crore seized in | Live Newspaper Hyderabad

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HYDERABAD: A total of 1,005 kg of cannabis, also known as ganja, worth over Rs 2 crore in the grey market, has been seized in Bhadradri Kothagudem district of Telangana, police said on Wednesday.
The seizure was made from a lorry on Tuesday during a vehicle-check, they said. The driver and the cleaner of the lorry were taken into custody, and a case was registered, the police said.
Inquiry revealed that the narcotic was sourced from Sileru in Visakhapatnam district of Andhra Pradesh and being taken to Madhya Pradesh, they said.

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Latest News Today – India’s Homegrown Guided Anti-Tank Missile Test-Fired

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India's Homegrown Guided Anti-Tank Missile Test-Fired Successfully

The missile hit the target, a dummy tank, and destroyed it with precision, said the DRDO.

The Defence Research and Development Organisation (DRDO) has successfully conducted the flight test of an indigenously developed man-portable anti-tank guided missile, providing a major boost to the Indian Army, the defence body said Wednesday.

The low weight, fire and forget, anti-tank guided missile was launched from a man-portable launcher integrated with a thermal sight, news agency ANI quoted the DRDO as saying.

The missile hit the target, a dummy tank, in direct attack mode and destroyed it with precision, the DRDO said. “The test has validated the minimum range successfully,” it said.  

“All the mission objectives were met. The missile has already been successfully flight-tested for the maximum range. The missile is incorporated with state-of-the-art miniaturised infrared imaging seeker along with advanced avionics,” the DRDO said.



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Latest News Today – OnePlus Nord 2 Battery Capacity, Fast Charging

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OnePlus Nord 2 5G is set to be launched in India tomorrow, July 22. The Chinese tech giant has revealed the specifications for the battery and its fast-charging support ahead of its debut. OnePlus has already confirmed some key specifications of its upcoming mid-range smartphone. Some leaks have also surfaced that tip the prices for the upcoming phone. OnePlus Nord 2 is expected to be offered in four colourways — Blue Haze, Gray Sierra, Green Woods, and an unnamed Red colour option.

Through a tweet on its official Twitter handle, OnePlus has confirmed that OnePlus Nord 2 will pack a 4,500mAh battery that supports Warp Charge 65 fast charging. The tweet also mentions that Warp Charge 65 is capable of giving the smartphone a full day’s worth of battery life in just 15 minutes. However, it doesn’t mention the exact battery percentage that will make OnePlus Nord 2 last a whole day.

The different colour options OnePlus Nord 2 may be available in have surfaced through recent reports. It is likely that the Green Woods colour option may only be available on the 12GB + 256GB storage variant. The last smartphone by OnePlus to receive the Red colour treatment was OnePlus 7, that appears to be glossier than the Red colourway of OnePlus Nord 2.

The design of the OnePlus Nord 2 was also confirmed through a tweet by the company. The smartphone is shown to have a similar design to the OnePlus 9 series. Up front, the mid-range smartphone is shown to have a hole-punch cutout for the selfie camera and it will have a triple rear camera setup similar to the OnePlus 9 series.

The smartphone is also confirmed to come with a MediaTek Dimensity 1200-AI chipset, making it the first OnePlus smartphone to be powered by a MediaTek processor. It will come with many AI-based features with the AI-Photo Enhancement feature capable of recognising up to 22 different scenarios. OnePlus also confirmed that the smartphone will come with OxygenOS 11 out-of-the-box and will get two major OS updates along with three years of security updates.

OnePlus Nord 2 is also expected to come with a 6.43-inch AMOLED display with a 90Hz refresh rate and HDR10+ certification. The prices for the upcoming smartphone have also leaked and its base 8GB + 128GB storage variant is expected to be priced at Rs. 31,999. The 12GB + 256GB storage variant is expected to be priced at Rs. 34,999.


Can Realme X7 Pro take on OnePlus Nord? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.



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