GreedyGame Appoints Ankit Rawal as Vice President – Revenue

26 Ocotber 2016, India : GreedyGame has announced the appointment of Ankit Rawal as VP – Revenue. Ankit has had his success in various organisations and has previously held top positions. He was the Strategic Advisor to FourthLion Technologies and was the Country Manager at InMobi, India. He joined InMobi during their early funding days […]

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WhatsApp Rolling out Video Calls on Android; Should Google Duo be Worried?

As more and more chat services become increasingly relevant to the users, the maker of WhatsApp have started launching some interesting new services on its chat platform. The most famous chat app on Android, WhatsApp is facing the heat from the likes of Facebook Messenger and Google Allo & Duo. After nearly six months of […]

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India lost Rs 6485 crore in internet shutdowns; worst hit in the world

Internet shutdowns cost India $968 million (Rs 6,485 crore) in 2015-16, the largest loss among 19 countries surveyed and the result of 22 shutdowns, the same as war-torn Iraq, according to a report by Brookings Institution, a US based think-tank, indicating the negative effect of these shutdowns on the economy.

Internet services in India are shut down to prevent unrest; in Kashmir, mobile internet services have been shut as the state has been witnessing unrest for more than three months. This has rendered its information technology sector “dysfunctional” resulting in job-cuts and shifting of operations by several firms to outside the state.

The Brookings study analysed 81 short-term shutdowns across 19 countries between July 1, 2015, and June 30, 2016, and estimated that these shutdowns cost the global economy at least $2.4 billion (Rs 16,080 crore).

The maximum loss was incurred by India ($968 million), followed by Saudi Arabia ($465 million) and Morocco ($320 million).

Globally, the shutdowns across 19 countries lasted 753 days, with Syria (in areas controlled by the Islamic State) having the maximum number of shutdown days at 348, followed by Morocco (182) and India (70).

India equals Iraq in number of disruptions

There were a total of 81 disruptions across 19 countries during the surveyed period. The maximum number of disruptions was in India at 22, equivalent to Iraq, followed by eight in Syria and six in Pakistan.

The report noted that in 2016, India joined the ranks of countries such as Uganda, Algeria and Iraq that have disrupted internet services in response to concerns over students cheating in exams.

The Gujarat government had banned mobile internet for four hours to prevent misuse of cell phones during revenue talatis (accountants) recruitment exam in March 2016, Times of India reported.

“Considering the sensitive nature of the exam for recruitment of talatis, internet service providers have been asked to shut down all internet-based social media services from 9 am to 1 pm to prevent the misuse of mobiles during the exam,” the report said, quoting the government notification.

Source: Brookings Institution

National internet services witnessed maximum shutdowns

The Brookings report classified internet shutdowns into six categories of disruptions: National internet, sub-national internet, national mobile internet, sub-national mobile internet, national app/service, and sub-national app/service (including VoIP (voice over internet protocol)).

The most frequent shutdowns were in national internet (36), followed by sub-national mobile internet (22) and national app/service (14).

Source: Brookings Institution

Brookings’ figures are underestimates

The estimates by Brookings, however, may be an under-estimate; in September 2015, an internet shutdown for six days caused a loss of more than Rs 7,000 crore for banks in Gujarat alone, according to K V Barot, general secretary, Maha Gujarat Bank Employees Association (MGBEA), who was quoted in this September 2015 report by Times of India.

As many as 11 Indian states shut down the Internet 37 times since 2015, with 22 of those instances in the first nine months of 2016, according to data compiled by Centre for Communication Governance, National Law University, Delhi, which indicates that the Brookings report may not have covered all shutdowns.

The Brookings report clarified that the actual losses may be much more as its analysis only looked at the economic impact on GDP. It did not include estimates for lost tax revenues associated with blocked digital access, impact on worker productivity, barriers to business expansion connected with these shutdowns, or the loss of investor, consumer, and business confidence resulting from such disruptions.

Internet shutdowns have less impact in developing countries

The documented shutdowns were in developing countries. The report observes that the economic damage in a developed economy would be more than developing countries.

“For instance, the United States currently has a GDP of $18.438 trillion (Rs 1,235 lakh crore), 6% of which is derived from the internet sector,” the report said. “If there were a national internet outage for one week (or 1.9% of the year), that would reduce economic activity by at least $54.1 billion (Rs 3.62 lakh crore). And if that outage lasted an entire year, the economic costs would be at least $2.8 trillion (Rs 187.6 lakh crore).”

India’s economy would rise by $1 trillion (Rs 67 lakh crore) by 2020 if all Indians go online, IndiaSpend reported in May 2016.

The Brookings report further cautioned about the rising costs of internet ban in the future.

“As the digital economy expands, it will become even more expensive for nations to shut down the internet,” the report said. “Without coordinated action by the international community, this damage is likely to accelerate in the future and further weaken global economic development.”

(Saha is a freelance journalist and MA Gender and Development candidate 2016-17 at Institute of Development Studies, University of Sussex.) An Indiaspend story.

( is a data-driven, public-interest journalism non-profit. is fact-checking initiative, scrutinising for veracity and context statements made by individuals and organisations in public life.)

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Reliance Jio Garners 24 Mln Subscribers; Gujarat, Telangana Lead With 1.5M & 1.2M Subscribers

What took India by storm is making new records everyday. Reliance Jio acquired 16 million customers in one month making a new world record, and the company is headed to its target of 100 million customers by the end of this year, or at least by March 2017. According to a presentation given to Reliance Industries’ […]

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Tekfusion’s Sound Marketing Strategy To Capture The Hearts Of Audiophiles !

The Tekfusion has established its name among a growing market of discerning music listeners, who prefer high-resolution sound. Also, a majority of its consumers are those who expect much better sound than the stock earbuds supplied by mobile phone manufacturers. The global earphones and headphones market size are poised for high growth over the next […]

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The 7 Top Mobile Apps That Every Professional Must Have On The Go !

A working professional is someone who keeps juggling between work and personal life. Managing time effectively is the most important task for every professional. Today’s smartphones have led to the development of hundreds of thousands of mobile apps that make life simpler. When professionals are always on the go, having the right app makes it easy […]

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Apple’s holiday surprise: big sales, not so big profits

By Jeffrey Dastin and Anya George Tharakan

(Reuters) – Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.

The world’s most valuable publicly traded company said improved sales from China were around the corner, despite revenue falling almost 30 percent from the country in the latest quarter. It said sales so far to India have only scratched the surface.

But a slight miss on fiscal fourth-quarter revenue and a projection of gross profit margins a touch behind analyst targets reflected broader concerns that Apple may have lost its tech superiority, even with the refreshed iPhone 7.

“In essence, in China and elsewhere, while Apple’s products are still seen favourably, the distance between Apple and its competitors is nowhere near as great as it once was,” Neil Saunders, head of retail research firm Conlumino, wrote in a note.

Apple shares fell 2.8 percent to $114.99 in after-hours trading.

Chief Financial Officer Luca Maestri said in a phone interview with Reuters it was “impossible to know” if there was any effect yet from rival Samsung Electronics Co Ltd halting production of its fire-prone Galaxy Note 7 phones earlier this month.

He also said that Apple was “supply constrained” and selling all the smartphones it could make.

“It’s clear that Apple is bullish about growth in the iPhone, but there’s little evidence of that growth in the actual results announced today,” said analyst Jan Dawson of Jackdaw Research.

“Given that the iPhone 7 and especially the iPhone 7 Plus is in short supply, Apple is going to be a little constrained in its ability to take full advantage of the strong demand we’re seeing,” he added.


Apple said it sold 45.51 million iPhones in the three months ended Sept. 24. That beat the average analysts’ estimate of 44.8 million, according to research firm FactSet StreetAccount.

Revenue fell 9 percent to $46.85 billion, a touch behind Wall Street targets, according to Thomson Reuters I/B/E/S. Apple forecast revenue of $76 billion to $78 billion for the current, holiday-dominated quarter, ahead of the consensus estimate of $75.08 billion.

If it hits that estimate, this quarter would be Apple’s biggest on record by sales, ahead of the $75.9 billion revenue it posted in the year-ago period.

However, Apple offered a conservative outlook on profit margins, 38 to 38.5 percent, versus expectations of nearly 39 percent, said Mariann Montagne, senior investment analyst and portfolio manager at Gradient Investments.

“I think people were a bit surprised,” said Montagne, whose firm holds Apple shares.

Apple shares have outperformed the market over the last three months, and Edward Jones analyst Bill Kreher said the shares were taking a “natural pause” even though results were positive. The stock hit a 12-month low of $89.47 in May and has marched up since as investor confidence returned.


Apple is still optimistic about its business in China, CFO Maestri said. While gross domestic product growth in the country has slowed, the economy is still growing, the middle class is expanding and smartphone ownership remains low, he said.

Maestri said high demand for Apple’s newest iPhones made the company confident about results in the first quarter.

The company’s net income fell to $9.01 billion, or $1.67 per share in the quarter from $11.12 billion, or $1.96 per share, a year earlier. That beat the average estimate of $1.66 per share.

Apple’s fortunes are strongly tied to the success of the iPhone, which accounts for two-thirds of its revenue.

Chief Executive Tim Cook also said on a call with analysts that India was poised to boom in smartphone sales as a more powerful 4G cellular network was put in place this year and next.

He also hinted at potential future areas of business, commenting that media content creation and ownership was a great opportunity. Cook declined to say whether Apple was working on a car, as has been widely reported, but he called the industry “interesting.”

(Additional reporting by Anya George Tharakan in Bengaluru; Writing by Peter Henderson; Editing by Ted Kerr and Bill Rigby)

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Google Acquires Tech Startup Eyefluence

25 October 2016, USA : Google has acquired Eyefluence, a startup focused on developing eye-tracking technology. The amount of the deal was not disclosed by either of the companies. The Eyefluence stated in a blog post, “Today, we are excited to announce that the Eyefluence team is joining Google! With our forces combined, we will […]

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