Connect with us

News

Reliance Jio Helps India Save $10 Billion?

Published

on

Reliance Jio Helps India Save $10 Billion,Startup Stories,2018 Latest Business News,Startup News India,Reliance Jio Helps India,Reliance Jio Annual Savings for India,Reliance Jio Business News,Reliance Jio Entry in India Telecom,Mukesh Ambani Reliance Jio,Indian Economy

The Institute For Competitiveness, in a report, said Reliance Jio’s entry in India’s telecom market in 2016 led to $10 billion in annual savings for India and an unprecedented surge in data consumption.

According to the report, Jio made Internet and data affordable and accessible and this led to a $10 billion annual savings for India and an unprecedented surge in data consumption. This drop in cost brought the internet within the reach of a larger proportion of the Indian population. In a report released on Thursday, the International Finance Corporation said, “Within six months of Jio’s launch, India became the highest mobile data user in the world, consuming over 1 billion GB of data every month compared to 200 million GB earlier.”

IFC’s report further states assuming that every consumer uses 1 GB of data a month, this would translate to financial gains to the economy by estimating the benefit to all 350 million internet subscribers in the country. Changing the dynamic of the telecom industry completely, Jio triggered a tariff war unlike any other helping India dethrone the US in app downloads and coming in second only to China.

As per most recent estimates, the Mukesh Ambani led, Jio users on an average consume almost 10 GB of data, 700 minutes of voice and 134 hours of video every month. In a recent event, Mukesh Ambani, speaking about Jio, also said, “Today Jio is not the largest network in India, it is the largest network in the world. Jio has made voice free for life.” IFC also claims Jio will help expand India’s per capita GDP by about 5.65% in the coming years if everything else is kept constant in the economy.

Using data from 18 states for the period 2004 to 2014, IFC analyzed Jio’s entry to measure the impact of internet penetration on economic growth. The analysis showed a 10% increase in internet penetration that led to a per capita GDP growth by 3.9%.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Swiggy Launches “Snacc” for 10-Minute Delivery of Snacks and Beverages

Published

on

Swiggy Launches "Snacc" for 10-Minute Delivery of Snacks and Beverages

Swiggy, the leading food delivery platform in India, has launched a new standalone app called “Snacc” to cater to the growing demand for ultra-fast food delivery. This innovative service aims to provide quick access to snacks, beverages, and light meals, enhancing the overall customer experience.

Focus on Speed and Convenience

Snacc specializes in delivering snacks and beverages within 10-15 minutes. The app operates from centralized hubs stocked with ready-to-serve items, ensuring rapid order fulfillment. This new service directly competes with other players in the 10-minute delivery space, such as Zepto Cafe and Blinkit Bistro, which have also entered the market with similar offerings.

Key Features

  • Dedicated App: Snacc operates as a separate app, providing a streamlined user experience specifically designed for quick bites.
  • Focus on Speed: The core promise of the service is a 10-15 minute delivery window, making it an attractive option for consumers seeking immediate satisfaction.
  • Centralized Hubs: Utilizing centralized hubs allows for faster order fulfillment and efficient delivery logistics.

Market Impact

The launch of Snacc reflects the increasing demand for convenient and on-demand food delivery services in India. As consumer preferences shift towards quick and accessible food options, Swiggy aims to capitalize on this trend by offering a dedicated platform for snacks and beverages.

Competitive Landscape

The introduction of Snacc comes at a time when competition in the quick food delivery market is intensifying. Other players, including Zomato and Blinkit, are also expanding their services to meet consumer demand for speedier delivery options. Zomato has recently launched its own 15-minute food delivery service in select cities, further escalating competition.

Challenges

While the 10-minute delivery model presents significant opportunities, it also poses challenges such as:

  • Maintaining Food Quality: Ensuring that food remains fresh and meets quality standards during rapid delivery.
  • Timely Delivery: Managing logistics effectively to meet the promised delivery times.
  • Operational Costs: Balancing speed with cost efficiency to maintain profitability.

Conclusion

Swiggy’s launch of Snacc marks a significant step in the evolution of the Indian food delivery market. By strategically positioning itself to cater to the evolving needs of consumers, Swiggy is set to capitalize on the growing demand for quick and convenient food options. As competition heats up in this space, Snacc aims to establish itself as a go-to solution for those seeking fast snacks and beverages, ultimately enhancing Swiggy’s overall service portfolio.

 

Continue Reading

News

Google Rolls Out QR Code Sharing for Quick Share on Android

Published

on

Google Rolls Out QR Code Sharing for Quick Share on Android

Google is enhancing file sharing on Android with the wide rollout of QR code functionality for its Quick Share feature. This update simplifies the process of transferring files between Android devices, eliminating the need for manual device discovery or contact setup.

How it Works

Effortless Sharing

With the latest Google Play Services update (version 24.49.33), users can access the “Use QR code” option within the Quick Share menu. This feature streamlines the sharing process, making it more intuitive and user-friendly.

QR Code Generation

When users select the “Use QR code” option, a unique QR code is generated on their device’s screen. This code serves as a digital key for initiating file transfers.

Quick Scanning

The recipient can easily scan the QR code using their Android phone’s camera app. Once scanned, a secure link is automatically generated, initiating the file transfer without additional steps.

Automatic Transfer

After scanning, a quickshare.google link opens on the recipient’s device, leading to an immediate connection and file transfer process.

Benefits

Simplicity

This new approach eliminates the need to add contacts, verify devices, or navigate complex settings. Users can share files with just a quick scan of a QR code.

Multiple Recipients

A single QR code can be scanned by multiple devices, allowing for convenient group sharing. This feature is particularly useful in collaborative environments where files need to be shared with several people simultaneously.

Reliability

The QR code method bypasses potential issues associated with device discovery in the standard Quick Share interface, ensuring a smoother and more reliable sharing experience.

Wider Availability

This update expands QR code sharing functionality beyond Samsung devices, making it a universal feature available for all Android users. Previously, similar functionality was primarily associated with Samsung’s own Quick Share offering.

A Familiar Feature

While new for Google’s Quick Share, many users may recognize this functionality from Samsung’s Quick Share feature, which includes additional capabilities like cloud sharing. This familiarity may ease the transition for users adapting to Google’s implementation.

Overall Impact

The addition of QR code sharing marks a significant improvement for Quick Share, enhancing its reliability and ease of use. This update aligns with Google’s December 2024 Feature Bundle, which focuses on improving Android’s versatility and user experience.

Future Potential

As QR codes become increasingly integrated into everyday tasks—from payments to information access—Google’s introduction of this feature reflects a broader trend in technology usage. The seamless integration of QR codes into file sharing not only enhances convenience but also aligns with how users are already interacting with technology.

Conclusion

With the rollout of QR code sharing in Quick Share, Google is making file transfers between Android devices faster and more efficient than ever before. By simplifying the sharing process and expanding accessibility across all Android devices, Google is enhancing user experience and reinforcing its commitment to innovation in mobile technology. This development promises to make sharing files not only easier but also more reliable in various settings, from personal to professional environments.

Continue Reading

News

Former Google CEO Eric Schmidt Invests in 3D-Printed Rocket Maker Relativity Space

Published

on

Former Google CEO Eric Schmidt Invests in 3D-Printed Rocket Maker Relativity Space

Eric Schmidt, the former CEO of Google, has made a significant investment in Relativity Space, a California-based company pioneering 3D-printed rocket technology. This investment comes at a crucial time for Relativity as it navigates challenges and aims to advance its innovative approach to space travel.

Overview of Relativity Space

Founded in 2015, Relativity Space aims to revolutionize space travel through its unique 3D printing techniques, which allow for the rapid production of rocket components. The company’s flagship rocket, Terran 1, was launched in 2023, but unfortunately, it failed to achieve orbit. Despite this setback, Relativity is now focusing on its next-generation rocket, Terran R, which is scheduled for launch in 2026.

Challenges Faced

Relativity Space has encountered several challenges over the past few years, including funding difficulties in 2024. These hurdles have prompted the company to seek additional capital to support its ambitious plans and operational needs.

Schmidt’s Investment

Schmidt’s investment is particularly timely as Relativity Space works to secure funding for the development of Terran R and its ongoing operations. His backing underscores the growing interest in the private space sector and highlights the potential of innovative technologies like 3D printing to transform space exploration.

Background on Eric Schmidt

Known for his entrepreneurial spirit and philanthropic endeavors, Schmidt has been actively involved in various investment and advisory roles since stepping down as Google CEO in 2011. He has a history of supporting technology-driven initiatives and startups, making this investment a natural extension of his interests.

Industry Context

The investment by Schmidt comes amid an intensifying modern space race, often referred to as “Space Race 2.0.” Private companies are increasingly vying for dominance in orbit, with firms like SpaceX leading the charge. In 2024, SpaceX achieved a remarkable milestone with 134 launches, showcasing rapid advancements in the industry.

Competitive Landscape

Relativity Space is positioned as a key player within this competitive landscape, despite its initial setbacks. The company’s focus on 3D printing technology offers a unique approach that could potentially lower costs and increase efficiency in rocket manufacturing compared to traditional methods.

Conclusion

Eric Schmidt’s investment in Relativity Space highlights the growing interest and potential within the private space sector, particularly regarding innovative technologies like 3D printing. As Relativity prepares for the launch of Terran R and seeks to overcome its funding challenges, Schmidt’s support may provide crucial momentum for the company’s future endeavors. This move not only reinforces Schmidt’s commitment to advancing technology but also signifies a broader trend of increased investment in space exploration initiatives that promise to reshape our understanding and capabilities in this frontier.

Continue Reading
Advertisement

Recent Posts

Advertisement