Tag Archives: million

Mahindra Finance looks to raise $460 million from offshore markets

Mahindra and Mahindra Financial Services, the non-bank arm of the Mahindra group, is looking to tap the overseas markets to raise at least $460 million through a mix of loans and bonds. The company had raised $200 million in FY19 through the external ECB route, and is in the process of raising another $160 million in overseas loans, said Ramesh ... Read More »

Almost All Of Facebook’s 139 Million Users In Africa Are On Mobile

Facebook CEO Mark Zuckerberg in Nigeria, visiting the Co-creation Hub Nigeria (CcHUB) .Facebook Facebook has 139 million users a month in Africa in 2018, 98% of whom connected via mobile. The figures released by the world’s largest social media network confirm trends that Africa is a mobile-only continent. Facebook hasn’t released figures for a number of years, and hasn’t broken down these ... Read More »

Twitter Said to Have Suspended 58 Million Accounts in Q4 2017

Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press. The figure highlights the company’s newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation efforts during the 2016 US presidential campaign. Last week, Twitter confirmed a Washington Post report that it had suspended 70 million ... Read More »

Xiaomi Mi 8 Series Sold 1 Million Units in Less Than a Month, Company Says

HIGHLIGHTS Xiaomi Mi 8 went on sale on June 5 in China Xiaomi Mi 8 SE went on sale on June 8 in China The smartphones run on MIUI 10, have a dual camera setup at the back Xiaomi launched the Mi 8, smaller Mi 8 SE, and premium Mi 8 Explorer Edition last month. The three smartphones came with a display notch and were ... Read More »

Real Vision, a media platform for finance and business, raises $10 million

  Real Vision is entering the crowded business and financial new space with a bang. The company, which recently raised a $10 million Series B after a $5 million A round, is working on a number of new initiatives including distribution on Apple TV, a content distribution partnership with Thomson Reuters and an upcoming documentary on PBS. The documentary, “A World ... Read More »

Google Eyes Chinese E-Sports Market With $120 Million Investment in Chushou

HIGHLIGHTS Google will help the firm expand to overseas markets The companies did not reveal the size of Google’s stake The investment is Google’s second-ever in a Chinese startup Alphabet’s Google has led a $120 million (roughly Rs. 760 crores) investment in Chinese live-stream mobile game platform Chushou, the two companies said on Friday, as the US firm eyes new inroads to China ... Read More »

Imgur Data Breach Sees Email Addresses, Passwords of 1.7 Million User Accounts Leaked

HIGHLIGHTS Imgur was informed of the breach last week The breach occured back in 2014 It announced the breach within a day of disclosure Image sharing website Imgur has revealed that it had suffered a data breach in 2014, one that was only revealed to it last week by data breach expert Troy Hunt, the man behind the Have I Been Pwned ... Read More »

Prince Charles backs $10 million new education bond for marginalised children in India

Britain’s Prince Charles and his wife Camilla attend a cultural event at the British Council in New Delhi on Wednesday. Photo: AFP London: Britain’s Prince Charles, on a two-day visit to India, has given his backing to a new development bond for India to provide education to marginalised children in the country. The $10 million education development impact bond (DIB) has ... Read More »

The Nikkei: Apple can ship only 20 million iPhone X this year

KGI estimated that Apple will ship 25-30 million iPhone X units this year, but information reported by The Nikkei points to an even lower number – “around 20 million”. It sounds like manufacturing issues started a long way back and even though they are clearing up now, it will still affect the launch. Apparently, the new OLED screens were the first issue to occur – ... Read More »

Snapchat’s Discover News Feature Gets 10 Million Monthly Users in France

Snap Inc, searching for ways to reinvigorate a slowing growth rate and increase advertising revenue for its Snapchat messaging app, said this week it has racked up 10 million users for its Discover news and video feature in France a year after launching there. The figure, which has not previously been reported, is equivalent to about 15 percent of the ... Read More »