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Here's how much apps added to the GDP

NEW DELHI: Internet apps added Rs 1.4 lakh crore to India's GDP in 2015-16, says a study released on Friday. It expects the figure to grow to Rs 18 lakh crore by 2020. Union minister of communications Manoj Sinha, who released the study on Friday , said since data is going to drive the industry more than voice, the ministry has also initiated a move to relook at the current Telecom Policy through public consultation. The study, conducted by the Indian Council for Research on International Economic Relations (Icrier) and the Broadband India Forum, finds that nearly half of the contribution of the internet to the economy would be due to apps. "The internet economy could contribute up to $537.4 billion to India's GDP in 2020, of which a minimum of $270.9 billion could be attributed to apps," says the study, using various economic analyses and logical regression models to isolate and calculate the impact of apps on the Indian economy. It has evaluated this impact across ...

Vertu shuts shop, 200 employees to lose jobs

NEW DELHI: It's the end of the road for luxury phone maker Vertu as the company is shutting down its global operations. The company was acquired by a Chinese holding firm in 2015 and later changed hands again in March 2017, when Turkish businessman Murat Hakan Uzan acquired it for £50 million. According to a Financial Times report, at the time of the latest acquisition, Vertu was under a debt of GBP 138 million and Uzan tried to repay debt for GBP 1.9 million. However, the offer was rejected by the creditors, resulting in company shutting down its operations. A total of 200 employees will be jobless once the company's complete shutdown. Uzan, who is presently living in Paris, will retain the ownership of Vertu's brand, technology, and design licenses. Vertu was launched in the year 1998 and was originally a part of Finnish handset manufacturer Nokia. The company was popular for manufacturing phones with sapphire screens and titanium, gold and alligator leather...

11 Places On Earth You Are Just Not Allowed To Visit

This amazing world has wonders unexplored. Many of us want to visit every nook and corner of this world but the sad news is that there a number of places that hit the list of being prohibited to be visited. Let’s have a look at some of them. RAF MENWITH HILL, This is a super secretive base located in North Yorkshire. Something that catches attention is its domes, also known as golf balls which house electronic equipment to monitor communication between Europe and the Middle East. It is said to be the world’s largest spying and electronic base. BOHEMIAN GROVE Well! This one’s a bit creepy. The Bohemian club was found in 1872 by some reporters who wanted to build a community of where the art of all types could be appreciated. Today, the elite class of artists meets at the club. No outsiders and women are allowed in the club. What will freak you out are the rituals that were captured by a Texas-based filmmaker, Alex Jones. SNAKE ISLAND, BRAZIL Imagine yourself in middle of 4,000 world’s...

Hand-made boutique headphones are made to rock 'n' roll

If you're looking for a pair of high-end headphones to match the metal link watchband keeping your Rolex on your wrist, TECA Technologies has just the thing. Inspired by Swiss watchmakers who take enormous pride in their craft, the Luzli Roller Mk01 headphones feature an all metal headband that rolls up for travel. The Roller Mk01 headphones are not aimed at your everyday commuter, but at music lovers who appreciate hand-made luxury and are looking for something a little different. The latter is supplied by a unique steel and 6061 aircraft-grade aluminum headband (though there is a magnesium alloy model in the works), with 22 steel springs that are reported to help mold the headband to a user's head. When the music-filled journey ends, the Mk01 headphones roll up like a pangolin for portability. These are on-ear headphones rather than circumaural, which may limit passive isolation from the outside world, though the company reckons these headphones are pretty good at ...

Enterprise software firm Deskera to expand India operations

PUNE: Enterprise software firm Deskera plans to expand its presence in India with a data centre in Andhra Pradesh, and offices in Hyderabad, Bengaluru and Chennai. Shashank Dixit, CEO, Deskera told ET that the company planned to invest about 25 million SGD (Rs 125 crore) towards this proposed data centre. The company had launched its India operations last year and had been growing rapidly, he said. "We are currently present in five cities and will expand to 20 over the next 6-9 months. We currently employ 350 people and would be adding another 1,000 over the next 12-18 months," he said. The Singapore-headquartered firm has invested about 20 million SGD (Rs 100 crore) in its India operations so far. Deskera provides cloud-based ERP services, focusing primarily on small and medium enterprises. It recently announced a collaboration with Alibaba Cloud, the cloud computing arm of Alibaba Group, to provide a SaaS solution to customers in the Middle East, Africa, India and Chi...

Now, less spam and fake news on your Facebook News Feed

In yet another move to cut down on low-quality content and fake news in News Feed, Facebook is updating its algorithm again to remove such content from its platform. A Facebook research found that there is a tiny group of people who routinely share vast amounts of public posts per day, effectively spamming people's feeds. "Our research further shows that the links they share tend to include low-quality content such as clickbait, sensationalism, and misinformation," said Adam Mosseri, Vice President, News Feed, in a blog post late on Friday. "We are making an update to help reduce low-quality links in News Feed. We are always working to improve people's experience in News Feed by showing more stories that we think people will find informative and entertaining," Mosseri added. Facebook has been working to improve people's experience in News Feed by showing more stories that it thinks they will find informative and entertaining. "As a result, we want ...

Twitter working on reducing offensive content and fake news

SAN FRANCISCO: In the ongoing battle against rampant abuse on its platform, microblogging site Twitter is working to add a new feature that would let users flag tweets that contain misleading, false or harmful information, the media reported. Twitter is still testing the feature and if released could look like a tab appearing in a drop-down menu alongside tweets, The Washington Post reported recently. The new tool may help the company, with more than 300 million monthly users, to fight fake accounts, extremists that use the platform to recruit and even hate-spewing trolls that have threatened women and minorities. However, Twitter said there are "no current plans to launch" the feature. "There are no current plans to launch any type of product along these lines," Twitter spokeswoman Emily Horne was quoted as saying. Horne added that she would not comment on whether it was being tested. According to a Twitter blog post in June, the company said that it was adding pe...