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Android Oreo: The New Cookie In Town

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Android Oreo,Latest Android Update,Android New Version,Android 8 Update,Google New Android Version,Google Mobile OS,Android Oreo Live Update,Startup Stories,New Technologies in 2017,2017 Latest Business News

The official name of the latest Android system update has been announced as Android Oreo and was launched on August 21st along with the solar eclipse! This newest version of Google’s mobile operating system will arrive on devices by the end of the year. The name sticks with the tradition of naming each different version of Android after a treat and follows Cupcake, Donut, Eclair, Froyo, Gingerbread, Honeycomb, Ice Cream Sandwich, Jelly Bean, KitKat, Lollipop, Marshmallow and Nougat.


The vice president of Product Management, Sameer Samat has described the operating system as “smarter, faster and more powerful than ever.” The beta program participants will receive the update first followed by the Google Pixel and Nexus handsets. The final version of Android 8 Oreo has already been pushed out to the Android Open Source Project.

The Oreo update will introduce brand new functionality and ‘vitals’ to Android smartphones and tablets. Along with battery improvements, the new OS will also include security improvements such as Google Play Protect which is an anti malware feature that alerts the users of the presence of malicious apps on the phone. It also includes improvements like background limits for apps, Bluetooth audio improvements and other important changes in vital system behavior for apps built for Oreo.

The update will also feature user facing additions such as a new “picture-in-picture” mode that lets some apps run in a small corner of the screen.

One of the biggest updates in the new OS will be the addition of notification dots which neatly bundle certain alerts together depending on subject matter. Along with the redesigned Android emoji, Google has introduced 60 new emojis, a new look for media notifications and the quick settings menu, a redesigned settings menu, adaptive icons, notification channels and the Octopus Easter egg.

The final version of Android 8 is a much more stable version of the four developer previews launched throughout the year. The Android superhero themed statue of an Android Oreo mascot wearing a cape was unveiled across the street from the Chelsea Market. The original Nabisco factory was located here where the first Oreo was invented. Android has previously teamed up with Nestle and Hershey’s for their 4.4 KitKat upgrade making this their second collaboration!

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Latest News

Jio Financial Services Introduces Digital Loans Against Securities

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Jio Financial Services, through its NBFC arm Jio Finance Limited, has launched a fully digital Loan Against Securities (LAS) service. This innovative offering allows customers to secure loans up to ₹1 crore against their shares and mutual funds within just 10 minutes via the JioFinance app.

 

Key Features:

  • Digital Process: Entirely online for speed and convenience.
  • Loan Amount: Up to ₹1 crore.
  • Interest Rates: Starting at 9.99%, tailored to individual risk profiles.
  • Tenure: Maximum of three years.
  • No Foreclosure Charges: Flexible repayment options.

Strategic Impact:

The LAS offering aligns with Jio Financial’s broader digital strategy to make financial services more accessible and efficient. It complements existing products like home loans and corporate financing.

Market Response:

Jio Financial Services’ stock rose significantly following the announcement, reflecting investor confidence in the company’s digital expansion. The shares increased by up to 5.5% on the BSE, highlighting the market’s positive reception of this strategic move12.

Leadership Perspective:

Kusal Roy, MD and CEO of Jio Finance Limited, emphasized that this launch is part of a comprehensive digital strategy aimed at transforming customer interactions with financial services1.

Future Prospects:

With its focus on technology and customer convenience, Jio Financial is poised to become a leading player in India’s digital financial services sector.

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Aerem Secures ₹100 Crore in Series A Funding

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Mumbai-based solar financing startup Aerem has raised ₹100 crore in a Series A funding round. The round was led by Japan’s University of Tokyo Edge Capital Partners (UTEC) and included investments from British International Investment (BII), SE Ventures, Riverwalk Holdings, and existing investors Blume Ventures and Avaana Capital.

Strategic Use of Funds

Aerem will use the funds to expand its operations across India, focusing on underserved eastern and southern regions. It aims to enhance its solar financing solutions, improve its B2B marketplace for solar equipment, and refine its tech platform. Additionally, the company plans to broaden its lending portfolio and reduce customer acquisition costs by leveraging its network of over 2,000 verified solar installers.

Aerem’s Impact

Founded in 2021 by Anand Jain and Vikesh Agarwal, Aerem provides comprehensive solutions for distributed solar energy adoption. Its services include:

  • Solar Financing: Loans for businesses and homeowners through its NBFC arm, NetZero Finance.
  • Equipment Procurement: The SunStore marketplace offers competitively priced solar equipment.
  • Support for Installers: Benefits for over 2,000 verified installation partners include financing access, quality equipment, and digital tools.

Aerem has enabled over 800 megawatts of solar capacity across 65 Indian cities, financing more than 800 projects. Its deployments have prevented nearly 22 million tonnes of CO₂ emissions and could save MSMEs up to ₹14,000 crore in energy costs.

Revenue Growth

Aerem reported significant revenue growth in FY24, with a 9X increase to ₹175 crore from ₹1.84 crore in FY23. This growth highlights the scalability of its business model.

Future Plans

With this funding, Aerem is poised to accelerate India’s transition to sustainable energy by eliminating barriers to solar adoption and empowering local businesses.

 

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Sweet Karam Coffee Secures $8 Million in Funding from Peak XV and Fireside Ventures

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Sweet Karam Coffee, a Chennai-based brand specializing in traditional South Indian snacks and sweets, has raised $8 million in Series A funding from Peak XV Partners and Fireside Ventures. Founded in 2015 by Anand Bharadwaj and Nalini Parthiban, the company offers products free from palm oil and preservatives, catering to customers across 32 countries.

This investment follows a previous $1.5 million funding from Fireside Ventures in October 2023, which supported offline expansion. The new funds will be used to enhance distribution through omnichannel networks, develop new products, and bolster technology-driven supply chain capabilities. 

 

Sweet Karam Coffee has grown its revenue four-fold over the past year and expects to grow another 2.5 times in the coming year.

The company has also appointed Nandhitha Indermohan, a former Unilever executive, as its Chief Operating Officer to boost operations. This strategic move positions Sweet Karam Coffee for further growth, leveraging the booming quick commerce sector and expanding its presence across India and globally.

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