Flipkart Acquires Myntra, to Invest $100 Million in Fashion Business

Internet and Media, News
Flipkart, India's largest e-tailer, acquired online fashion portal Myntra on Thursday and said it would invest $100 million (roughly Rs. 584 crores) in the fashion business. "It's a 100 percent acquisition and going forward we have big plans in this segment," said Sachin Bansal, co-founder of Bangalore-based Flipkart. Financial details of the deal were not disclosed but a source in the company said the transaction was valued at close to $300 million (roughly Rs. 1,752.4 crores).
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Zero-day flaw haunts IE 8 for 7 months and counting

Internet and Media, News
An Internet Explorer 8 vulnerability goes unfixed by Microsoft for more than half a year, reports the Zero Day Initiative. A critical security flaw in Microsoft's Internet Explorer 8 has gone unfixed since October 2013, according to a new report from the Zero-Day Initiative. The report, which was issued because of ZDI's policy to reveal zero-day flaws that go unfixed for more than 180 days, says that the vulnerability allows an attacker to run malicious code in IE 8 when you visit a website designed to infect your computer. Microsoft learned of the zero-day -- the term given to a previously unknown, unpatched flaw -- in October but has been unable to fix it. Whether that's because IE 8 is the last version of the browser to support Windows XP,…
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Twitter adding an option to ‘mute’ people

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Twitter is introducing a way to silence noisy people you follow but aren’t quite ready to unfollow.The option, called “mute,” lets you hide the tweets and activity of selected accounts from your timeline. Muting someone won’t, however, stop the person from being able to interact with your tweets — be it favoriting, replying or retweeting. The fact that they are doing so just won’t show up in your timeline.To mute someone, click on the “more” link on individual tweets, then click “mute @username.” Muting can also be done from someone’s profile page by tapping the gear icon and selecting “mute @username.”This can be a convenient way to temporarily muffle people who, for example, are live tweeting an event or opining on a topic that you don’t much care about. Muting…
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Our own payment gateway ‘RuPay’ is launched

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India launched its own payment gateway 'RuPay', It`s equivalent of Visa and Mastercard, which will work on ATMs and merchant outlets and help in reducing cash transactions. President Pranab Mukherjee unveiled the indigenous card at a function in Rashtrapati Bhavan. Dedicating it to the nation, Mukherjee said India is one of the few countries in the world to have its own card payment gateway. RuPay, a new card payment scheme launched by the National Payments Corporation of India (NPCI), has been conceived to fulfill RBI’s vision to offer a domestic, open-loop, multilateral system which will allow all Indian banks and financial institutions in India to participate in electronic payments. “RuPay”, the word itself has a sense of nationality in it. “RuPay” is the coinage of two terms Rupee and Payment.…
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Microsoft Internet Explorer fix

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Microsoft has said users of its Windows XP operating system will also get the security update it has issued to fix a flaw in the Internet Explorer browser. It issued the update on Thursday to fix a bug that let hackers gain access and user rights to computers. Microsoft ended support for Windows XP earlier this month, ceasing to issue bug fixes or security updates for it. But the firm said it decided to make an exception as the flaw was discovered just days after the support ended. Even though Windows XP is no longer supported by Microsoft and is past the time we normally provide security updates, we've decided to provide an update for all versions of Windows XP, Adrienne Hall, general manager of Trustworthy Computing at Microsoft, said…
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Snapchat Introduces Two New Features

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The past few years have been a roller coaster for Snapchat, the ephemeral photo-messaging service. Since it started in 2011, the company has made headlines for turning down billions from potential buyers and luring heavyweight talent from Facebook, Google, and Amazon, facing criticism over gaping security vulnerabilities, and finding itself in a legal battle over ownership of the company’s original concept.And now the founders are hoping to transform the company’s product into something more sleek and sophisticated, a primary hub for mobile messaging. On Thursday, Snapchat began introducing a new version of its application and its features via — what else? — a Snapchat message the company sent to its users.“The goal has always been to move beyond messaging,” Evan Spiegel, one of the company’s founders, said in an interview in New York on Tuesday. “We’re trying…
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