VARINDIA IT MAGAZINE

As per news source, by early next year LG has plans to add products based on Internet of Things (IoT) in its home appliances portfolio. To come up with IoT-based products, the company is in talks with many mobile network service operators. Ki Wan Kim, Managing Director, LG Electronics India, said, “Possibly by the end of this year or early next year, LG’s first IoT-based products would be introduced in the country. He also added that LG is already selling such products in Korea but in India the wait is because of a partnership with a telecom service provider for data connectivity.” Read More

In 2016, the renewed smartphone market was a $17 Billion market with customers selling 120M used smartphones at an average value of $140 per device. It is estimated that it represents a 7% of total smartphone sales.at the same time refurbished market is booming in India . Flipkart is also looking to organise the "unorganised" refurbished market of India, and build it too. The selling of refurbished smartphones to start from Diwali and will be sold on the online marketplace and offline retail stores, for which discussions have been held with distributors. Flipkart will use its logistics arm Ekart for deliveries.... Read More

Venkaiah Naidu former Union Minister and NDA nominee is elected as the 13th Vice President of India secured with 516 votes in his favour and by defeating Opposition candidate Gopalkrishna Gandhi who managed to get only 244 votes. Addressing on his thumping majority win, Naidu said, “I am very humbled. I am also thankful to the Prime Minister and all party leaders for their support. Over 98 percent voting was recorded in the vice-presidential election. 771 out of 785 MPs have voted in the election, however 11 votes were found to be invalid, said Assistant returning officer Mukul Pandey.... Read More

Uttar Pradesh Chief Minister Yogi Adityanath launched free wi-fi services at 74 bus stations, spread across 66 district headquarters in the state.The wi-fi services with unlimited surfing would be available for passengers through an app -- TG Connect. He also laid the foundation stone for three new bus stations at Amroha, Meerut and Ghaziabad. Besides, water ATMs to provide clean and cold drinking water to passengers at Agra, Mathura, Ghaziabad, Moradabad, Varanasi, Allahabad, Hardoi, Etawah, Rampur and Azamgarh bus stations were also launched.... Read More

Blockchain is the second generation of the internet, the first generation brought us the internet of information. The second generation, powered by blockchain, is bringing us the internet of value; a new, distributed platform that can help us reshape the world of business and transform .  The blockchain, essentially a database and a giant network, known as a distributed ledger, records ownership and value, and allows anyone with access to view and take part. The asset database can be shared across a network of multiple sites, geographies or institutions. All participants within a network can have their own identical copy of the ledger. Any changes to the ledger are reflected in all copies, like a Google doc.  There are two billion people lack access to a transaction account. However, like most blockchain applications, people tend to talk about theory and ignore the aspect of implementation. It is as if the general public just knows what blockchain is and will adopt...

Nearly 200 million 4G-enabled feature phones to be sold in India in next five years, triggering a slow-down for the domestic smartphone market. As per counterpoint research, "We estimate close to 60 million units of 4G-capable feature phones could ship this year globally from almost a million units last year, with India potentially contributing to almost half of that this year. To meet the demand Intex (Make in India brand )launched, 4G VoLTE feature phone of Navratna phone series ‘Intex Turbo +4G’ . The series include one 4G VoLTE model and eight 2G models in a price tag of Rs 700-Rs 1500 and the phones . Intex said that it in talks with a few OS developers for the 4G feature phone, and will launch the device around Diwali this year.... Read More