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MoviePass drops pricing to under $7 per month, if you opt for the annual plan
The company announced today it's now offering its service for $6.95 per month, down from the current price of $9.95 per month, when customers commit to a one-year subscription plan. The deal is a limited-time promotion, as opposed to a permanent pricing change, but MoviePass didn't say how long the offer is valid. When the company introduced its $9.95 per month, one-movie-per-day plan this August, down from $15 for 2 movies per month, it saw so many new sign-ups it had trouble meeting demand.
Spotify acquires online music studio Soundtrap
Spotify has acquired online music studio startup Soundtrap, the company announced via a blog post this morning. The move signals Spotify's intentions to not just be a distributor of streaming music and other audio, but also to help facilitate its creation. According to Soundtrap's post, its entire team will be joining Spotify as a result of the acquisition. The essence of Soundtrap is to give easy-to-use, collaborative, music-making capabilities to anyone with an electronic device and a passion for music, reads the post from Soundtrap.
Tesla unveils its vision of the future of trucking
Tesla is also setting its truck apart from rivals by promising a recharge rate of 400 miles in 30 minutes via its new Megachargers. In contrast Daimler's E-Fuso Vision One can cover up to 220 miles before it needs to stop. They will be powered by solar panels and like the Supercharger network, will be built by Tesla. All of the interior room is thanks to Tesla moving the drivetrain to the rear of the Semi behind the cabin.
Matrimony Reports $12.9 Mn In Consolidated Revenue For Q2 2017
Online matchmaking platform Matrimony has announced a 13.7% Y-o-Y increase in its revenue, reaching $12.92 Mn for Q2 2017, ending on September 30, 2017. Further, the consolidated net profit for Q2 2017 was at $2.90 Mn, showcasing a Y-o-Y growth of 61.1%. Murugavel Janakiraman, Managing Director, Matrimony said, Business is witnessing a healthy double-digit growth with improved EBITDA margins leading to higher cash flows. Competing against Shaadi.com, Times Group's SimplyMarry and Info Edge-owned Jeevansaathi, Matrimony boasts a valuation of around $715 Mn.
First French technology hub in India to be set up in Bengaluru
The first French Tech Hub in India would be established in Bengaluru with international collaborations on R&D under an MoU signed by the Karnataka government and Business France India. The French Tech Hub is part of the five programmes identified under the umbrella of the French Tech as part of the partnership to develop and intensify mutual beneficial cooperation with the Karnataka government.
'Startup policy can make entrepreneurship more comprehensive'
Startup India and Make in India programmes can make entrepreneurship more comprehensive by channelising energy from all elements of the ecosystem, including from entrepreneurs to investors, Union Minister Piyush Goyal has said. Betting on the huge potential of the startup policy, the railway and coal minister said it has made youth a job creator rather than a job seeker. He was speaking at an event organised by the New Delhi Chapter of Entrepreneurs' Organisation yesterday.
India's Messenger App Hike Has Revenue Issues
After Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days!. Hike does not charge for its services unlike peer-to-peer messaging app like Facebook-owned WhatsApp; it does not advertise on its platform either. Hike competes with WhatsApp which has 201 million monthly active users in the country as of February, in comparison to Hike's 100 million. Though revenue is meager vis-a-vis their losses, they have a user base of around 100 million, which is fairly decent.
Can Flipkart Bank On Its Private Label MarQ To Make A Dent In White Goods Category Sold Online?
The partnership, I am told, will enable Flipkart to manufacture TVs under the company's fifth private label brand, MarQ. The black boxes are an extra marketing touch to delight the MarQ customer, as pointed out by Flipkart officials!. It was in October this year that Flipkart took the plunge with private label in the white goods category with MarQ. As far as the white goods category for Flipkart is concerned, TV is the largest moving item.
How To Apologize For Your Emergency Vacation And Be Cool About It!
If you want to be a loved and appreciated employee in your company, it is advisable that you plan your leaves out. Yes there are some emergencies where you can cut out, but as said, it is not advisable. Seeing people like him in person is something that doesn't happens a lot, even for employees at LinkedIn. Mariah Walton, Analytics Manager at the business and employment-oriented social networking service LinkedIn, accidentally scheduled her vacation to Venice on the day its CEO was visiting.
Uber launches four India specific features, to be rolled out globally
The web based version of Uber has already launched in India, the feature is targeting riders who do not have high-end smartphones that can support mobile apps, due to limited storage issues. The call to ride feature is a small pilot that is being carried out in Pune. This feature will be rolled out in the next few weeks and will work automatically if the app detects limited connectivity.
Start a Small Business at Home Like These Sellers
Thousands of business owners and sellers are using the empty spaces at their home as a warehouse in order to set up their online stores on global marketplaces like Amazon. With support from her husband and family, she decided to set up a small online business on Amazon by sourcing locally printed and manufactured bedsheets and curtains. She continues to successfully run her business from home, which hasn't remained small.
India: IFC to partner HDFC to launch $800m affordable housing fund
In 2011, the IFC formed Aadhar Housing Finance in partnership with Dewan Housing Finance Corporation Ltd Aadhar Housing was focused exclusively on housing finance needs of the low-income segment. It has invested another $300 million in six other housing finance companies and a mortgage guarantee company in India. IFC was the founding investor in HDFC, India's first private sector retail housing finance company, in 1978. Ashiana focuses on affordable, mid-income and senior citizen housing across cities such as Delhi-NCR, Jaipur, Gujarat and Jamshedpur.
India: Virtuous Retail gets $175m funding from Dutch pension fund APG
Dutch pension fund manager APG Asset Management NV has invested $175 million (Rs1,150 crore) of fresh equity into Virtuous Retail South Asia Pte Ltd (VRSA), a joint venture with Xander Group Inc., for acquisitions and greenfield project developments. Ft shopping centre in Chandigarh for $108 million, taking its retail portfolio to 5.5 million sq. We already have a war chest and this additional funding allows us to be more aggressive in expansion, Yog said.
Google, Twitter-Block Porn or Get Blocked
Indonesia has warned Google and Twitter, world's largest social-media providers to block pornographic content in its country of face the blockage. Twitter Inc., Alphabet Inc.'s Google and a host of companies have been put on notice by Indonesian Communications Minister Rudiantara, who threatened all platforms that if they don't adhere to government requests to block content, they will be blocked permanently!. The worst case is I will not allow them to be in Indonesia, Rudiantara, who uses one name, said in an interview on Thursday.
Musk reveals surprise cargo in Tesla Semi: The revived roadster
Elon Musk pulled off a Steve Jobs-ian one more thing surprise at the unveiling of Tesla Inc.'s Semi model, rolling a new Roadster sports car out of the back of a big rig on stage. The Roadster, available a year later, will be the fastest production car ever made. The Semi boasts what Musk called a thermonuclear explosion-proof windshield that won't shatter. It is a highly competitive market among established truck manufacturers, Consumer Edge Research analyst James Albertine wrote in a report Thursday.
Tortuga Logic raises $2 million to build chip-level security systems
Tortuga Logic has raised $2 million in seed funding from Eclipse Ventures to help in their effort to maintain chip-level system security. Based in Palo Alto, the company plans to use the cash to build products that will find lurking vulnerabilities on computer hardware. Rectifying a security vulnerability that has already been shipped or worse, has been exploited, can cost exorbitant amounts of money to resolve. Unlike software, hardware cannot be patched and in many cases requires a more expensive solution such as a recall.
India: SSG Capital acquires 34.42% stake in Cox & Kings UK arm
Cox and Kings is one of the longest established travel companies in the world since 1758. Travel firm Cox & Kings Ltd Thursday said SSG Capital Management Ltd has bought 34.42% stake in its British subsidiary Prometheon Holdings (UK) Ltd from the Rohatyn Group. SSG Capital already holds a 2.72% stake in Cox & Kings. In September 2011, Cox and Kings, through its UK unit Prometheon, had acquired Holidaybreak for PS312 million in an all-cash transaction.

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