Oculus Founder Faces Lawsuit Over Breach of Nondisclosure Agreement

Palmer Luckey, founder of Oculus Rift company have to stand in court in a lawsuit against him. The plaintiff is Total Recall Technologies that accused the 23-year old to use its data illegally.


Chinese Venture Capital Cocoon Networks Open a $700M Fund in London

Cocoon Networks, a Chinese-backed venture capital group is setting up a £500 ($700) million fund in London. The fund is aimed to invest in European tech startups.

GM Acquires Sidecar After Lyft, Strengthens Urban Mobility Team

After acquiring Lyft Inc, GM has also purchased ride hailing pioneer, Sidecar. The acquired entity has been tattering in consecutive years for ever growing competitions with rivals like Uber and Lyft. With the acquiring, GM now will be able to play a more active role in relative fields with the new two subsidiaries.

Motorola Hits Market With Moto G3, The Most Budget Conscious Smart Phone

Motorola has unveiled its Moto G3 smart phone in July 2015 and now released in the market. The concept for making budget conscious smart phones has been attracted by other mobile giants including its mother concern, Lenovo. Lenovo expects to grab the budget phone market shortly with its self developed similar products.


Latest News

The AC power cables linked to Microsoft’s Surface Pro tablets of selective three generations pose fire risks due to overheating. Though a limited number of overheating issues have been reported, Microsoft is taking no risks and going to recall for a global voluntary replacement. Details on replacement procedure will be furnished in the Microsoft website sometimes later this week, possibly on Friday.
The self-propelling stroller, introduced by the crowdfunder Indiegogo, is said to revolutionize the concept of a perambulator. Keeping in mind the needs of a parent, the stroller boasts of features like automatic movement controlled via sensors, built-in rocker, bottle warmer, canopies to weather different climatic conditions, to name a few. Its maker, Guillermo Morro, has also addressed all the safety concerns by assuring his audience that his highly capable team has always treated this as a top priority.
Mike Hearn, one of Bitcoin's developer wrote on his belief that the digital currency has undergone some irreparable damage and that the end is in sight. He explained some complaints about Bitcoin which he believes to have no plausible solution. Bitcoin, on the other hand, has gained popularity among internet users although the system has triggered some controversies.
The Indian currency Rupee against the US dollar rose to highest since November 2015 on increasing outflows from Indian stocks and bonds. The Chinese markets were witnessing selloff and this also resulted in further withdrawal by foreign investors in Indian markets. The net outflow from Indian markets in January so far was at $686.2 million putting more pressure on currency reserves.
U.S. Department of Transportation will be allocating $4 billion for the next 10 years in self-driving car technology. Government will boost the effort in developing autonomous vehicle to increase safety innovation.
Audi and Mercedes Benz, world famous German automakers have joined to express their interest for hydrogen fuel powered cell cars. Remaining one step ahead of Mercedes, Audi has already introduced its H-tron Quattro at the North American International Auto show, held at Detroit. Industry insiders assume, Mercedes, the lavish German carmaker will introduce its first hydrogen fuel cell car at the 2017 Frankfurt Auto Show.
Indian Prime Minister Narendra Modi reveals the details of his much talked-about project, Startup India. Some key highlights are revised IP registration policies, faster exit and entry, income tax exemptions, and benefits for a woman entrepreneur. Modi hopes with this plan in action, India will soon become the hub for global startups.
Indian Prime Minister Narendra Modi recently revealed his ambitious project, Startup India. The Rs10,000-crore plan is meant to encourage a thriving startup culture by reducing government regulations and hurdles from the way. This government aid should prevent the young entrepreneurs from fleeing to another country with better bureaucratic policies.
India-based Tata Steel is reducing manpower by 1,050 in the UK operations. Tata Steel is among other steel producers suffering from falling steel prices and cheaper imports from China. The UK steel industry is urging European Commission to take necessary action against unfair trade imports.
China, as part of a wider drive into progressive industries to boost its GDP growth, plans to combine over 40 entities to work on the giant $22 billion plane-engine project. Under the plan, the government of China along with companies like Aviation Industry Corp. would invest 35 billion yuan.